As Kaynes Technologies Ltd aims to ready its Outsourced Semiconductor & Assembly Test (OSAT) facility in Gujarat for commercial production, the company's management has told NDTV Profit that the first set of samples for its anchor clients will be ready this month.
Speaking to NDTV Profit's Know Your Company show, Jairam P Sampath, Whole-Time Director of Kaynes Tech, said that the company has acquired three anchor clients for the pilot phase, which is higher than anticipated.
"The pilot plant is ready and producing the OSAT samples. This month, we will complete the first set of samples for our first anchor client. We have acquired three anchor clients, which is much more than what we were anticipating," he said.
Kaynes Tech and CG Power have emerged as two key players in India's push to manufacture semiconductors domestically, with both companies betting heavily on OSAT plants in Sanand, Gujarat.
Prime Minister Narendra Modi, during his Semicon India 2025 Day 1 address, mentioned both the companies as they look to kickstart commercial production soon.
"Kaynes Tech was the last one to get approval (for OSAT plants) and we felt like there was a lot of ground to cover. But our team has done a great job," said Sampath, who is bullish on India's semiconductor push.
"We're at the intersection of Atmanirbhar and technology together, and that's the best spot to be in today," he said.
"We're at the intersection of Atmanirbhar and technology together, and that's the best spot to be in today," says #KaynesTech Whole Time Director Jairam P Sampath. @HershSayta pic.twitter.com/OB2HP88SWB
September 3, 2025Kaynes Tech is expected to deliver OSAT products by fourth quarter of this financial year and the sales visibility to the topline could come up sometime next year.
As per Bloomberg data, a total of 25 analysts cover Kaynes Tech, with ten giving out buy calls on the counter. 11 analysts have given hold calls while four have held 'sell' calls.
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