Archive · 2 Sep 2025
Kaynes Tech: US Tariffs Cause Limited Short-Term Impact
Kaynes Technology, an electronics manufacturing company, is seeing a small impact from new tariffs the US put on products.
The company's boss, Ramesh Kannan, said things are a bit slower right now as some US customers wait to see what happens.
The tariffs have made some companies cautious.
However, he thinks things will get better in the long run, and more US companies will want to work with them in India.
Kaynes is also doing well in other places, like Europe, and has many new projects.
The company made a lot of money last year and has many orders already.
Kaynes Technology reports limited impact from US tariffs.
Newer US customers are adopting a 'wait-and-watch' approach.
Exports make up 23% of Kaynes' revenue.
US accounts for 13% of Kaynes' revenue.
Company sees strong demand from Europe and has many RFQs.
- Who
- Kaynes Technology and its MD, Ramesh Kannan
- What
- Experiencing limited short-term impact from US tariffs.
- When
- Reported on September 2, 2025; Financial data from FY24-25.
- Where
- India (focus on US exports).
- Why
- US tariffs have created uncertainty, but long-term demand from US customers is expected.
- Company
- Kaynes Technology
- Founder and MD
- Ramesh Kannan
- FY24-25 Revenue
- ₹2,721.8 crore
- FY19-20 Revenue
- ₹368.2 crore
- Current Order Book
- ₹6,596.9 crore
- Exports Contribution
- 23% of revenue
- US Revenue Contribution
- 13%