Suchi Semicon expects to start generating revenue from the next financial year as it moves closer to completing the qualification and reliability testing stages required in semiconductor manufacturing. Co-founder Sheetal Mehta told Fe that the company is progressing in line with its timelines and is preparing for a production ramp-up from its Surat-based OSAT (outsourced semiconductor assembly and testing) facility in Gujarat.
The company plans to scale to a daily output of around 3 million chips once the plant reaches full capacity. Discussions are currently underway with more than 30 global firms, several of whom have already been onboarded as clients. The firm is supplying chips to customers in the US, Japan, and other international markets, marking an early global footprint even before full commercial output begins.
Mehta said that the OSAT project has been funded through internal accruals and family capital. Commercial operations began earlier this year with a pilot production batch, and full-scale manufacturing is expected to follow in phases over the coming months.
The move into semiconductors marks a strategic shift for Suchi Semicon, which diversified from its roots in the textile sector. Mehta said the decision was driven by the realisation that India continues to import nearly all of the chips it consumes, presenting both a challenge and a significant opportunity at a time when self-reliance in critical technologies has become a national priority.