Archive · 6 Jun 2025
Kaynes Technology Reaffirms $1 Billion Revenue Target for FY28
Kaynes Technology, an electronics company, is aiming for big sales.
They want to make $1 billion by 2028 and $2 billion by 2030.
To help them achieve this, the company plans to get money from investors.
A part of the company's owner is also selling some of their shares to build a center for education and science in Mysuru.
The company is also expanding internationally, like in Canada.
They expect to sell more products outside India, especially in the US.
The company is also planning to make more money from smart meters.
Kaynes Technology reiterated its $1 billion revenue target for FY28.
A promoter sold a 1.8% stake to fund a project in Mysuru.
The company plans to raise ₹1,600 crore through a QIP for expansion.
FY26 revenue is expected to reach ₹4,525 crore, with exports at 15-20%.
Kaynes aims to double its smart meter revenue to ₹1,000 crore.
- Who
- Kaynes Technology, its Whole-Time Director and CFO Jairam Sampath, and a promoter.
- What
- Kaynes Technology reaffirmed its revenue targets and plans for expansion, including a QIP to raise ₹1,600 crore.
- When
- Kaynes Technology aims to achieve its revenue targets by FY28 and FY30.
- Where
- Mysuru, India, where a promoter is funding a new project.
- Why
- To fund expansion, increase technology focus, and build international presence.
- Revenue Target (FY28)
- $1 billion
- QIP to Raise
- ₹1,600 crore
- FY26 Revenue Projection
- ₹4,525 crore
- FY26 Exports
- 15-20% of revenue
- Smart Meters Revenue (Current Year)
- ₹1,000 crore
- Market Capitalisation
- ₹36,944.60 crore
- Promoter Stake Sale
- 1.8% worth ₹624 crore