Elcome Integrated Systems Pvt. Ltd.

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Elcome Integrated Systems Pvt. Ltd. - overview

Established

1978

Location

Navi Mumbai, -, India

Primary Industry

Ship Building & Repair

About

Based in India, Elcome Integrated Systems Pvt. Ltd. delivers integrated solutions for the maritime and defense sectors, enhancing navigational safety and operational effectiveness through advanced technology and systems. Elcome Integrated Systems Pvt.


Ltd. provides integrated solutions for the maritime and defense sectors, specializing in advanced navigational systems and communication technologies. Founded in 1978 in Navi Mumbai, India, the company has remained focused on delivering quality services and products. In November 2025, Syrma SGS Technology Limited, a portfolio company of GEF Capital Partners, agreed to acquire a 60 percent majority stake in Elcome Integrated Systems Pvt.


Ltd. for USD 26. 2 million, enabling expansion into new markets. The transaction was completed in December 2025.


Elcome Integrated Systems Pvt. Ltd. specializes in providing a comprehensive range of products and services tailored for the maritime and defense sectors. The company’s core offerings include the design and installation of integrated bridge systems, enhancing navigational safety and operational efficiency for maritime vessels.


Additionally, Elcome is involved in the implementation of Vessel Traffic Management Systems (VATMS) across various sites, significantly improving traffic monitoring and management in busy waterways. Their expertise extends to defense applications, such as VSAT installation on Indian naval ships, ensuring secure and reliable communication capabilities. Elcome's customer base includes shipping companies, maritime agencies, and defense organizations, with operations extending to several countries across the Asia-Pacific region and beyond, thereby addressing the diverse needs of clients in both commercial and governmental sectors. Elcome's revenue model is primarily structured around project-based transactions and service contracts with its clients, predominantly in the maritime and defense industries.


The company engages in B2B transactions, providing tailored solutions and ongoing maintenance services to its customers. Service agreements often encompass comprehensive support packages that include installation, training, and technical support, ensuring that clients derive maximum benefit from Elcome's products. For flagship projects, such as the integrated bridge systems and VATMS, clients typically enter into multi-year contracts that facilitate phased payments aligned with project milestones. The revenue generated from these projects contributes significantly to the overall financial performance of the company, driven by both initial setup fees and recurring service charges.


Elcome Integrated Systems Pvt. Ltd. plans to leverage its recent funding to enhance its product offerings and expand its market presence. The acquisition by Syrma SGS Technology Limited is expected to support these initiatives by facilitating entry into new geographic markets.


Elcome is currently developing new solutions aimed at further improving maritime safety and operational capabilities, with anticipated launches set for 2026. The recent funding will aid in research and development, enabling the company to meet evolving industry demands and explore additional sectors within defense and maritime technology.


Current Investors

Syrma SGS Technology Limited

Primary Industry

Ship Building & Repair

Sub Industries

Defence, Ship Building & Repair

Website

www.elcome.in/

Verticals

Infrastructure

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Elcome Integrated Systems Pvt. Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedElcome Integrated Systems Pvt. Ltd.-
Add-onCompletedNAVICOM TECHNOLOGY INTERNATIONAL PRIVATE LIMITED-

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