Latest news with #KaynesTechnologyIndia
News18
2 days ago
- Business
- News18
Kaynes Tech's promoter pares 1.8 pc stake for Rs 624 crore
Agency: PTI Last Updated: New Delhi, Jun 4 (PTI) A promoter of the Mysuru-based Kaynes Technology India on Wednesday divested a 1.8 per cent stake in the company for Rs 624 crore through open market transactions. According to the bulk deal data, promoter Ramesh Kunhikannan sold 6.25 lakh shares of Kaynes Technology India on the NSE and offloaded 5 lakh shares of Kaynes on the BSE — cumulatively a 1.8 per cent stake in the company. The shares were disposed of in the price range of Rs 5,550.87-5,553.03 apiece, taking the combined transaction value to Rs 624.58 crore. After the latest transaction, Kunhikannan's stake in Kaynes Technology India came down to 55.91 per cent from 57.71 per cent. Details of the buyers of Kaynes Technology India's shares could not be ascertained on the exchanges. Shares of Kaynes Technology India fell 0.97 per cent to close at Rs 5,730.05 apiece on the BSE, and dropped by 0.86 per cent to settle at Rs 5,738.50 per piece on the NSE. In a separate bulk deal on the NSE, the Motilal Oswal Foundation sold 37.04 lakh shares or 0.62 per cent stake in Motilal Oswal Financial Services for Rs 305 crore through an open market transaction. The shares were offloaded at an average price of Rs 825.01 apiece, taking the deal value to Rs 305.58 crore. First Published: June 05, 2025, 00:45 IST
Time of India
19-05-2025
- Business
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
Economic Times
19-05-2025
- Business
- Economic Times
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon, a 100% subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman on was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies."The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government. Ramesh Kannan, MD of Kaynes Technology India, said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker centre provides access to cutting-edge tools and techniques."Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said."This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
Time of India
19-05-2025
- Automotive
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand , Gujarat with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
&w=3840&q=100)
Business Standard
16-05-2025
- Business
- Business Standard
Kaynes Technology share price climbs 9% on strong Q4; profit surges 43% YoY
Kaynes Technology share price: Electronics manufacturing company Kaynes Technology share price were buzzing in trade on the last trading day of the week i.e. Friday, May 16, with the scrip rallying 8.51 per cent to hit an intraday high of Rs 6,836.10 per share. However, at 10:40 AM, Kaynes Technology share price pared gains, and was trading at ₹6,493.25, up 3.08 per cent. In comparison, BSE Sensex was trading 0.30 per cent lower at 82,283.88 level. What is the reason behind the rally in Kaynes Technology share price? Kaynes Technology share price zoomed after the company posted strong results in the fourth quarter of financial year 2025 (Q4FY25). The company's profit zoomed 43 per cent year-on-year (Y-o-Y) to ₹116.2 crore in the March quarter of financial year 2025 (Q4FY25), from ₹81.3 crore in the March quarter of financial year 2024 (Q4FY24). Its revenue surged 54 per cent annually to ₹984.5 crore, from ₹637.3 crore in Q4FY24. Subsequently, Ebitda margin expanded 211 basis points (bps) to 17.1 per cent in the March quarter of FY25, from 14.9 per cent in the March quarter of FY24. Ramesh Kunhikannan, managing director and promoter, Kaynes Technology India said, 'Our orderbook stood at ₹6,596.9 crore as of March 31, 2025, providing strong revenue visibility for FY26 and beyond, giving us confidence to sustain the growth momentum. Our Ebitda margins for FY25 grew to 15.1 per cent and the PAT margins improved to 10.8 per cent. This is a result of our constant endeavour to focus on complex and high margin segments. We expect to sustain this profitable growth and continue to work towards improving efficiencies.' 'With our recent acquisition of August Electronics in Canada, we have strengthened our North American footprint, added manufacturing capabilities in Canada and large high-margin customers. Following this acquisition, we are well positioned to present a compelling opportunity to these customers more comprehensively, positioning the Canada-India alliance as a strategic alternative to China-based sourcing. We are continuously looking to add new capabilities and geographies through a mix of organic and inorganic strategies,' Kunhikannan added. About Kaynes Technology Kaynes Technology is an integrated electronics manufacturer in India, offering comprehensive end-to-end and IoT-enabled solutions. With over 30 years of expertise in the Electronics System Design and Manufacturing (ESDM) sector, Kaynes provides a full spectrum of services—from conceptual design and process engineering to integrated manufacturing and complete life cycle support. The company serves a wide range of industries including Automotive, Industrial, Electric Vehicles (EVs), Aerospace, Space, Strategic Electronics, Medical, Railways, IoT, and Information Technology (IT). Kaynes operates 16 state-of-the-art manufacturing facilities capable of producing high-mix, high-value products at varying volumes to meet diverse industry needs.
