Polymatech Electronics (POLM IN)

Polymatech Electronics Limited was originally incorporated as Polymatech Electronics Private Limited on May 29, 2007. The company is the first opto-semiconductor chips manufacturer in India. They have a manufacturing facility in Kancheepuram, Tamil Nadu and have bought a BTS (Built to Suit) facility in Krishnagiri, Tamil Nadu. The products of the company are categorised as fully packaged opto-semiconductor chips and luminaries, which are LED lights used for commercial purposes. They began the opto-semiconductor chips production in 2019 and use European and Japanese technologies to offer high-quality products to meet international standards. The company designs, fabricates, manufactures, packs and assembles the opto-semiconductor chips and sells them directly to customers. These chips are also used in their luminary assembly. The company’s luminaries are installed at several factories, temples and stadiums, such as Vishay Precision Group, Shin-Etsu, Japan, Sawai Mansingh Stadium, Parthasarathi Temple, Chennai and more. The opto-semiconductor industry in the world is expected to touch USD 59,224 million by 2028 from USD 43,780 million in 2022. The growth is primarily driven by the automotive sector and infrastructure providers to provide lighting in commercial spaces or households. The company can benefit from the demand.