Jubilant Ingrevia Acquires 40% Stake in Zettaone Technologies for ₹189.2 Crore

#JubilantIngrevia #ZettaoneTechnologies #ElectronicsManufacturing #Semiconductors #EDMS #TechInvestment #MakeInIndia #StrategicAcquisition

"We are continuously working to advance our strategic priorities and this acquisition is another milestone in our Pinnacle journey. We have already expanded into high-precision semiconductor chemicals through our CDMO business and have made significant progress over the last two years establishing credibility with several global customers. Zettaone Technologies' expertise in high-speed and high-power PCB design and manufacturing will further anchor our growing Electronics/Semiconductor business with an integrated value proposition to our customers." - Deepak Jain, CEO and MD - Jubilant Ingrevia Limited

August 2026 : In a milestone transaction reinforcing its commercial expansion, Jubilant Ingrevia Limited has entered into a binding agreement with Zettaone Technologies India Pvt. Ltd. for the acquisition of a 40% strategic stake for INR 189.2 crore. Following completion of the deal in two tranches (closing by November 2026 and September 2027), Zettaone Technologies will become an associate company of Jubilant Ingrevia.

The investment marks a significant entry into the Electronics Development and Manufacturing Services (EDMS) space, expanding Jubilant Ingrevia's strategic footprint beyond traditional specialty chemical manufacturing and CDMO capabilities into the high-growth electronics and semiconductor ecosystem.

Highlighting the overarching vision, Shyam S Bhartia, Chairman, and Hari S Bhartia, Co-Chairman & Whole-Time Director, noted: "The proposed investment is aligned with the Company's Pinnacle growth strategy and provides a strong platform for its play in Electronics Development and Manufacturing Services (EDMS) space. The transaction will enable the Company to deliver an integrated value proposition in electronics and semi-conductor space, leading to long-term and sustainable value creation".

The partnership bridges material science with end-to-end hardware design. Co-founded by Harikrishnan, Sureshkumar, Prabu, and Arunkumar, Zettaone delivers engineering expertise across Aerospace, Defence, Semiconductor, Automotive, Medical, and Industrial sectors.

Detailing the commercial rationale, Deepak Jain, CEO and MD of Jubilant Ingrevia Limited, stated: "We are continuously working towards advancing our strategic priorities and this acquisition is another milestone in our Pinnacle journey. We have already been expanding into high-precision semiconductor chemicals through our CDMO business and have made great progress in the last two years to establish our credibility with several global customers. The expertise in high-speed and high-power PCB design and manufacturing of Zettaone Technologies will further anchor our growing Electronics/Semiconductor business with an integrated value proposition to our customers".

Harikrishnan Gopal, CEO of Zettaone Technologies, added: "Over the years, our team has built lasting relationships through consistency, quality, and a commitment to solving complex engineering challenges. We are happy to be a part of the Jubilant Bhartia Group and this development will reinforce our position as a trusted technology partner for mission-critical electronics solutions in aerospace, defence, semi-conductor, auto, medical and industrial spaces."

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