Rangsons Electronics raises Rs 100 Crore from L&T Capital

Bangalore, Aug 28 (UNI) Mysore-based Rangsons Electronics, a leading Electronics Manufacturing Services (EMS) provider today announced raising of Rs 100 crore from L and T Capital Company Ltd, an investment arm to Larson and Toubro.

The Company CEO Pavan Ranga, in a release here said that the investment by L and T Capital was a significant milestone in the company's journey in becoming a global leader in the High Mix-High Tech EMS space. It would help in expanding Rangsons global footprint and strengthen its capabilities to add greater value to customers across the Product Life Cycle.

Rangsons Electronics, part of N R Group, was one of the fastest growing EMS companies in India. With four state-of-the-art facilities in Bangalore and Mysore and an international procurement office in China, it catered to the High Mix - High Tech product spectrum of leading Indian and global OEMs.

L and T Capital is investing this fund due to the value creation possibility realisation in this space. Member of L and T Board, Mr R N Mukhija said in the release ''looking at the market situation and its growth opportunities, we believe this investment will bear fruit for both partners. Rangsons is well positioned to create significant value for its stakeholders. We see a great opportunity for Rangsons to be a global end-to-end solutions provider in EMS''.

UNI