Kaynes Technology CFO Jairam Sampath said the company is on track to reach its $1 billion revenue target by early fiscal year 2027-28 (FY28). “FY28 was what we had committed,” he said, adding that on a 12-month basis the company may “exceed that.”

Sampath expects strong revenue from the company’s outsourced semiconductor assembly and test (OSAT) operations as new capacity ramps up. He said OSAT revenue in the fiscal year 2026-27 (FY27) could “exceed about ₹1,000 crore,” compared with earlier expectations of ₹1,500 crore in 2027-28.

This Mumbai-based semiconductor manufacturing company currently works with three large clients in the modules and power modules segment and is awaiting approvals from two of them. He said that once approvals come in, “we can probably look forward to even bigg

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