Polymatech Setting Up Second Semi Conductor Plant In Chattisgarh
Last Updated: October 6, 2025 | 5 min read
Piyush Jhunjhunwala
Chartered Accountant | Certified Public Accountant | Founder Stockify Worked as CFO in many MNC companies.
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Last Updated: October 6, 2025 | 5 min read
Chartered Accountant | Certified Public Accountant | Founder Stockify Worked as CFO in many MNC companies.
Polymatech Electronicsis expanding. The semiconductor company announced the establishment of its second plant in India, located in Nava-Raipur, Chhattisgarh; as reported byManufacturing Today India. The new facility, supported by a 40% capital subsidy from the state, will focus on producing advanced semiconductor chips and base stations for the rapidly advancing 5G and 6G technologies.
The announcement came during the Chhattisgarh Investor Connect 2024 event in New Delhi, with Chhattisgarh’s Chief Minister, Vishnu Deo Sai, highlighting the importance of the facility in enhancing the state’s manufacturing capabilities. With a significant investment of ₹1,143 crore, this project aims to strengthen India’s semiconductor and telecommunications ecosystem.
Polymatech’s new plant will specialise in producing Gallium Nitride (GaN) semiconductor chips, a technology crucial for high-frequency 5G and 6G communications. These chips will be used in the base stations that are central to next-generation telecom infrastructure. The plant will also incorporate advanced packaging for these chips, with initial fabrications being outsourced until Polymatech’s foundry in Grenoble, France, becomes operational.
The collaboration with Simply RF, a company based in Cardiff, UK, is expected to boost India’s capabilities in global semiconductor manufacturing. The Chhattisgarh government’s support further solidifies the state as a hub for technological innovation, with policies designed to attract high-tech manufacturing investments.
Eswara Rao Nandam, CEO and Managing Director of Polymatech, expressed enthusiasm about the project. “The establishment of our second facility in India aligns with our goal to advance the country’s technological prowess in semiconductor and telecom manufacturing. With Chhattisgarh’s support and our expertise in GaN technology, we are poised to deliver next-gen solutions for the global 5G and 6G ecosystem,” he stated.
Polymatech’s investment in the new plant reflects a significant step towards enhancing India’s semiconductor manufacturing capabilities, especially in 5G and 6G base station technologies. The company’s commitment to incorporating advanced GaN technology will improve the efficiency and performance of telecommunication infrastructure, driving the country’s digital transformation.
Chhattisgarh’s proactive industrial policies have been instrumental in attracting this investment. Vishnu Deo Sai, Chief Minister of Chhattisgarh, praised Polymatech’s decision to set up its second facility in the state, underscoring the positive impact on the state’s manufacturing ecosystem and the nation’s semiconductor sector.
Polymatech’s expansion also supports India’s vision of self-reliance in high-tech manufacturing, further contributing to the growth of advanced communication technologies and the country’s move towards a robust digital economy. With the support of Chhattisgarh’s forward-looking policies, Polymatech’s new facility is set to play a crucial role in shaping the future of telecommunications and semiconductor industries in India.
Polymatech Electronics, with its operations in India, the US, and Bahrain, continues to play a vital role in the global semiconductor and electronics industry, catering to sectors ranging from telecommunications to AI and healthcare.
| Financial Year | Revenue | EBITDA | PAT | EPS | Expenses |
| 2024 | 1238 | 320 | 240 | 31.4 | 917 |
| 2023 | 649 | 185 | 166 | 23 | 482 |
| 2022 | 126 | 40 | 35 | 5.35 | 86 |
| 2021 | 45 | 10 | 7 | 0.11 | 35 |
The company is in a robust financial position even before its planned expansion, as evidenced by the following factors.
This highlights a direct positive indicator for the growth of polymatech unlisted share price.
The company is banking on several key factors to drive its revenue growth, including the rising demand for energy-efficient lighting solutions such as LEDs in the automotive, consumer electronics, and infrastructure sectors. Additionally, the company is seeing increased demand for semiconductor solutions in medical applications and horticulture.
Polymatech charts course to $2.5 billion in revenue by FY26 through the below strategic plan:
Till 2024 first half polymatech share price was trading at around Rs 180 per share. Post June, the share began drifting down to Rs 120-140 per share. Currently, polymatech electronicsshareprice is Rs 61 per share, possibly due to 1:5 share split.
With the recent expansion of semiconductor plants and a growing financial base, Polymatech Shares can be a good buy. However, investors must carry their own research before investing in Unlisted Pre IPO shares. Click here to check the top unlisted shares price list.
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