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February 9, 2026Mefron Technologies, an electronics design and manufacturing services (EMS) company, has secured its first private equity investment from Motilal Oswal Principal Investments and India SME Investments. The funding will be used to expand manufacturing capacity, strengthen automation-driven processes, and accelerate growth in European and North American markets.
Mefron Technologies, an electronics design and manufacturing services (EMS) company, has raised its first private equity round for an undisclosed amount from Motilal Oswal Principal Investments and India SME Investments.
Founded in 2022, Mefron delivers comprehensive end-to-end manufacturing solutions encompassing PCB assembly, tooling, plastic injection moulding, box build, and cable and wire harness manufacturing. The company serves multiple OEM segments and operates under internationally recognised quality standards, including ISO 9001, ISO 13485 for medical electronics, and IATF 16949 for the automotive industry.
“The company aims to leverage its high level of automation using principles of Industry 5.0 and proprietary software for various operations to achieve higher yields and timely delivery, two key problems plaguing Indian EMS companies,” said the company’s founder and Director, Hiren Bhandari.
Both Motilal Oswal Principal Investments and India SME Investments bring strong domain expertise and a proven track record in supporting niche and scalable manufacturing businesses. Motilal Oswal has previously invested in leading EMS companies such as Dixon Electronics and VVDN, while India SME Investments has backed manufacturing and infrastructure-led businesses including Simpolo Ceramics, SBL Energy, and Venus Pipes & Tubes.
“The confidence and trust shown by such notable investors underlines Mefron’s capabilities and potential to become a leader in Indian electronics manufacturing,” said founder and Director, Bhavyen Bhandari.
Highlighting the sector outlook and Mefron’s strategic differentiation, Mitin Jain, Founder and Managing Director of India SME Investments, said, “While the tailwinds are strong for entire electronics manufacturing through various government policies, local ecosystem development, and huge market opportunity, Mefron with its strong and proven design capabilities differentiates from many players in this segment as without ODM capability, companies face margin pressure.”
Mefron serves leading OEM customers across grooming and personal care devices, mobile accessories, access control systems, biometric devices, and electric vehicle applications. The company exports its products to more than 30 countries and operates subsidiaries in China and Singapore to support global sourcing and supply-chain management.
The newly raised capital will be utilised to expand manufacturing capacity, strengthen advanced automation-driven processes, and scale business development initiatives. Mefron also plans to accelerate its international growth strategy, with a focused push into the European and North American markets.
Company Information
Company: Mefron Technologies (India) Private Limited
Contact Person: Robin Bunker
Email: sales@mefron.com
Country: India
City: Ahmedabad
Website: https://www.mefron.com/
