Vinyas Innovative Technologies is a precision electronics manufacturer that builds the hidden nervous systems inside fighter jets, missile launchers, hospital infusion pumps and railway control units - the circuit boards, cable harnesses and integrated subsystems where failure is not an option. Founded in Mysuru in 2001 and approaching its 25th year, the company has grown from assembling printed circuit boards into a full-spectrum partner that takes a defence or medical OEM’s concept all the way to a tested, certified product ready for the field. Its recurring approach is to operate in high-mix, low-volume, high-reliability niches where customer qualifications and regulatory certifications create deep moats, then climb the value chain within each customer relationship - from supplying a single board to integrating entire subsystems and eventually managing the product’s lifecycle. # Business segments A single precision-manufacturing engine serving three regulated end-markets - defence and aerospace, medical electronics, and industrial electronics - through one integrated factory and a common set of certifications, processes and customer relationships. ## 1. High-reliability electronics manufacturing: where mission-critical products get built from concept to cabinet **Vinyas is a one-stop shop for OEMs that need complex electronics built to aerospace-grade standards in small batches - it designs, assembles, integrates, tests and sustains the product, not just the board.** - **Three building blocks, one factory** - the company’s output falls into three categories: Printed Circuit Board Assembly (PCBA), Cable Harness Assembly, and System Integration, where PCBAs, harnesses, power units and switches are combined into enclosures or complex cabinets, all produced under one roof in Mysuru. - **Two ways to engage** - under Build-to-Print, the customer hands over a complete manufacturing data pack and Vinyas adds value through obsolescence monitoring and end-of-line test engineering; under Build-to-Specification, Vinyas runs a six-stage process from concept and design engineering through prototyping, pilot production and mass production to after-market support, so the customer gets a production-ready design, not just a quote. - **The defence backbone** - over half of revenue comes from defence and aerospace, where the company supplies subsystems and PCBAs for radar and surveillance systems, missile launcher control units, airborne avionics, armoured vehicle fire-control units, strategic communications and unmanned systems, with typical program execution windows of 18 to 24 months. - **Medical and industrial niches** - the medical vertical, though modest in revenue share, produces regulated electronics for infusion pumps, diagnostic imaging and surgical automation, while the industrial segment covers energy measurement, automation and grid-modernisation electronics, giving the company diversification beyond defence cycles. - **Lifecycle services lock in customers** - beyond manufacturing, Vinyas provides obsolescence management (finding replacement components for end-of-life parts), value engineering (redesigning to reduce cost without sacrificing function), localisation and supply-chain management, which means a product stays manufacturable and serviceable for years after its original design. # Group structure and partners **A single-entity company until recently, Vinyas is now building an international footprint through a US subsidiary and a joint venture with an Israeli defence firm, funded by a ₹150 crore equity raise from institutional investors.** - **Standalone roots, now branching** - as of March 2025 the company had no subsidiaries or joint ventures; by May 2026 it had incorporated a wholly owned subsidiary in the United States (Vinyas Innovative Technologies Inc.) aimed at deepening access to global OEM ecosystems and export programs. - **Capital for the next leap** - a ₹150 crore preferential equity raise in 2025 brought in institutional investors led by Singularity Ventures (of Madhusudan Kela) alongside promoter participation, with the funds earmarked for infrastructure, system-integration capabilities and working capital to support larger and more complex programs. - **Leadership continuity** - the company is led by Managing Director Narendra Narayanan, with a six-member board split evenly between executive and independent directors, and its credit rating stands at BBB+ Stable (long-term) from Crisil.