The Nanotronica Group (including JSC NIITM; part of Element Holding) has registered a subsidiary in Bangalore and plans to supply its own equipment to the market and help Russian companies establish themselves in the market.
As CNews has learned, Nanotronics, a subsidiary of Element microelectronic holding, has entered the Indian market. A representative of the company announced this at the Electronic Engineering conference held in Minsk in June 2026.
Nanotronica India Private Limited was incorporated in November 2025 in Bangalore. Its authorized capital is 50 million rupees (approximately 38.7 million rubles at the exchange rate of the Central Bank on June 22, 2026). The company is headed by Vibhu Swaroop Saxena.
Nanotronics specializes in the development of equipment for the production of microelectronics. "The company has already completed the key steps to launch its operations," said a representative of Element. "Future supplies will focus on the Nanotronics Group's own equipment (including JSC NIITM) for the science and manufacturing segments."
The company's technical and commercial teams are already holding meetings with potential clients (Indian universities and scientific laboratories). "In order to overcome the existing barriers to entry (including the requirements for the percentage of localization of production), we plan to provide a demo installation to one of the leading institutes in India free of charge, as well as organize the localization of production, both partial and complete assembly under the supervision of Russian specialists," Element adds.
At the same time, Nanotronica India Private Limited is ready to cooperate with other Russian manufacturers and help them enter the Indian market: negotiate and localize equipment assemblies, participate in tenders, etc.
According to the Electronics System Design and Manufacturing report (as of October 2025), the market for special technological equipment in India may reach $580 million by the end of 2025. The market is actively developing due to the construction of new (and the country's first) factories.
"For our Indian company, specific targets in terms of market share or revenue are still being formed," Element said. — They will depend on the dynamics of participation in tenders (which universities and research institutes announce monthly), the results of pilot projects and the pace of localization of production. We aim to gradually increase our presence due to the competitive advantages of our solutions and a flexible localization strategy, so we will provide more accurate forecasts after the first commercial transactions and an analysis of the results of pilot initiatives."
According to Deputy Industry Minister Vasily Shpak, presented at the conference, the Russian industry plans to create export-oriented production chains as part of the electronic engineering program. He also noted the prospects of the Indian direction.
"At the current stage, deliveries of Russian equipment to India in the near future seem unlikely," said Alexander Mikhailov, Project Manager of the Industry and Technology practice at Strategy Partners. "The main priority of Russian companies in this field today is to meet the needs of the domestic market, which is where most of the available resources are directed."
According to him, it is extremely important for new equipment to first go through the stage of real implementation and operation in domestic conditions. Only after accumulating the necessary experience and achieving a sufficient level of technological maturity can we talk about the prospects for its export, the expert noted.
At the same time, India is one of the world's largest consumers of electronic components and microelectronics products. The country is implementing large-scale programs both to increase consumption and to develop its own production in this area. This naturally stimulates the growth of demand for equipment for the microelectronic industry, which is practically not produced in India itself, Mikhailov emphasizes.
"However, there are a number of significant limitations," the expert continues. — Firstly, the largest Indian projects are being implemented with the participation of companies from countries unfriendly to Russia. Secondly, many of these projects are focused on the production of consumer electronics, which involves the use of the most modern technological processes. Third, Russian manufacturing capabilities in the field of microelectronic equipment are limited and mainly concentrated in the segment of mature and specialized technologies."
In these circumstances, the participation of Russian companies in major Indian megaprojects seems unlikely. Therefore, the most realistic role of Russian companies in the Indian market is the position of an additional supplier of equipment for mature technological processes or a supplier of specialized solutions, primarily in the field of power electronics. At the same time, rather than large-scale production projects, we are talking about projects with a high degree of localization and predominantly Indian participation, as well as non-production areas such as research centers and laboratories, he concluded.
As Yulia Sukhoroslova, CEO of Nanotronics, reported in an interview with CNews, the company's task is to consolidate the resources possessed by the Element group of companies and available on the market to create industrial installations and then convert them into a ready—made line of equipment for microelectronic industries.
The company planned to bring Russian developments in the field of microelectronics production to the serial industrial level and combine them in a single technological cycle, Sukhoroslova noted.
Nanotronics itself planned to develop and produce a line of equipment for the production of radio, microwave and microelectronics. In 2024, the company intended to "attract promising development teams" that could be involved in OCD and NICOR. Several billion rubles have already been invested in the project, sources told the publication.
According to "Contour.Focus", Nanotronics JSC was established on April 18, 2023 in Zelenograd. The only founder of Nanotronics is Element JSC. Nanotronica is developing projects with a total portfolio of 10 billion rubles. Among them, for example, installations for epitaxy, installations for ion doping, etc.
The manufacturer's net loss doubled from 67.5 million to 145.97 million rubles, according to the accounting statements for 2025. The profit of Nanotronics consisted mainly of the performance of development work and product sales (123.3 million rubles). The revenue amounted to 68.7 million rubles. The company's balance sheet increased by 95%— from 748.1 million to 1.4 billion rubles.
