discoverIE Group plc (LSE:DSCV) has significantly increased its manufacturing capabilities in India with the opening of a new 9,000-square-metre facility in Jigani, Bangalore, as the electronics specialist responds to growing demand across electrification, renewable energy and infrastructure markets.
The new facility forms part of discoverIE’s Noratel business and more than doubles the footprint of its existing Bangalore operation while providing approximately three times the previous production capacity. The site will manufacture specialised power transformers and magnetic components used across a range of electrification applications.
India represents an important domestic market for the operation, with around 70% of existing Bangalore production currently supplied to customers within the country. Demand is being supported particularly by investment in renewable energy and infrastructure, while the additional capacity will also give discoverIE greater scope to pursue export opportunities.
The expansion is intended to accommodate increasing order volumes and recently secured projects while providing capacity for further growth. It also follows the UK-India Free Trade Agreement coming into force in July 2026, providing a supportive backdrop for discoverIE as it increases its manufacturing presence in one of its targeted growth markets.
The investment reinforces the group’s strategy of concentrating resources on structurally attractive sectors benefiting from electrification and sustainability trends. By increasing local manufacturing capacity, discoverIE is positioned to serve expanding Indian demand while also using the Bangalore operation as a platform for international sales.
From an investment perspective, discoverIE’s outlook is supported by steady financial performance, improving earnings and consistently positive free cash flow. Higher leverage remains a consideration, while technical indicators point to a strong share-price uptrend but also suggest overbought conditions that could create near-term volatility. Valuation represents another potential constraint, with a relatively high price-to-earnings multiple and only a modest dividend yield.
More About discoverIE Group plc
discoverIE Group plc is a FTSE 250-listed international designer and manufacturer of customised electronic components for industrial applications.
Operating through its Magnetics & Controls and Sensing & Connectivity divisions, the group develops application-specific components for original equipment manufacturers across markets including medical technology, transportation electrification, renewable energy, security and industrial automation.
Its business model is built around long-term customer relationships and customised products that can generate recurring revenue throughout the lifecycle of customers’ applications. discoverIE operates across 21 countries and focuses on markets benefiting from long-term structural trends including electrification, automation and sustainability.
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