Syrma SGS Acquires Rajasthan-Based Johari Digital Healthcare to Develop Electro-Medical Devices 

The goal of Syrma SGS and Johari's partnership is to provide a wide range of medical electronic devices to its consumers.'¯Through this acquisition deal, Syrma SGS will have access to wholesalers, hospitals, and other JDHL customers. 

Syrma SGS has acquired a 51% stake in Johari Digital Healthcare Limited (JDHL). With the acquisition, Syrma SGS will be able to enter the medical devices market, which is fragmented and rapidly expanding with a strong demand for quality and innovation. The acquisition is valued at Rs. 29 crores. 

Through this acquisition deal, Syrma SGS will have access to wholesalers, hospitals, and other JDHL customers. This will allow Syrma SGS to reach a wider audience with its medical devices. In the healthcare market, there will be more accessible and affordable electro-medical devices and improve the quality of care that is available to patients.'¯ 

Syrma SGS is a 40-year-old provider of electronic system design & manufacturing services. It's a one-stop platform for product design, quick prototyping, PCB assembly, box-build, repair & rework, and automatic tester development services.'¯ 

Sharing thoughts on the acquisition, Sandeep Tandon, chairman, Syrma SGS said, "We are delighted to welcome JDHL to the Syrma SGS family. This partnership is a strategic fit for us, as it aligns with our vision of foraying into fast growing medical devices segment.'  

On the other hand, Johari Digital Healthcare Limited (JDHL) is a leading manufacturer of electro-medical devices.  

Satyendra Johari, chairman, JDHL said, "In the last three decades, JDHL has earned Trust and Recognition of Global leading medical device companies for Design, Engineering and manufacturing services. We are excited to be partnering with Syrma SGS, whose Dynamic leadership and expansive industry insight will broaden the spectrum for us to develop smart and affordable medical electronics for the World.' 

Additionally, Syrma SGS provides OEM options for high-frequency magnetic components, RFID tags, and inlays. In more than 20 countries, the business provides OEM services. With an initial public offering (IPO) of Rs 840 crore in August last year, the company entered the financial markets to a roaring reception from investors. 

In May 2023, two foreign investors-Norges Bank and US-based Neuberger Berman had bought 2.14% and 1.4% stake in Syrma SGS respectively. Union Mutual Fund too picked up a 0.2% stake in the company.