Manjunath Jyothinagara, Managing Director of KAS Group
KAS Group is currently sitting on an order book of over ₹500 crore and expects this to grow nearly five-fold to at least ₹2,500 crore over the next three years, as demand for semiconductor and advanced manufacturing equipment gathers pace in India.
The company, which has grown about 40 times in the last five years, is expanding its footprint as it looks to tap the emerging semiconductor ecosystem, according to Manjunath Jyothinagara, Managing Director of KAS Group.
“Until 2020, we were in a struggling phase, with hardly ₹20 crore in business annually. But post-COVID, many solar fabs came in. Solar fabs are a subset of semiconductors in terms of complexity, challenges, and scale. So, doing solar gave us a lot of confidence to enter the semicon industry,” he said.
In 2009, Jyothinagara founded UHP Technologies, a solutions provider for ultra-high purity gas and chemical delivery systems. UHP Technologies has executed over 275 projects across India and eight countries, earning a contract with Micron Semiconductor’s Gujarat facility.
In 2011, he established KASTECH Equipments, a company that exports high-purity equipment to international markets from a SEMI-compliant cleanroom, and in 2024 founded KASFAB Tools, a contract manufacturer for complex semiconductor equipment.
The KASFAB Tools facility in Doddaballapur, inaugurated in January 2025, has secured a $2.3 million order from a US customer. The 20,000 sq ft plant also received an initial investment of ₹20 crore.
The group operates across facilities engineering, high-purity equipment manufacturing and semiconductor equipment fabrication. Its businesses supply systems and equipment used in advanced manufacturing facilities, including for semiconductor and solar manufacturing.
Jyothinagara said the company is seeing increasing opportunities as India builds out a domestic semiconductor ecosystem, with fabs acting as anchor investments but requiring a broader network of suppliers and equipment makers.
The company began its semiconductor journey by building custom equipment for research and development customers, before moving into contract manufacturing for global equipment makers, with companies from Europe and the US approaching KAS Group.
“A larger share of our revenue comes from solar. In the future, this will shift towards semiconductors because it is a much bigger industry,” he said.
The group is also developing its fourth vertical, KGM Semicon, which will manufacture quartz parts used inside semiconductor equipment.
“KGM Semicon makes quartz parts that go inside semiconductor equipment used to make chips. The quartz part carries the wafer inside, and it has a limited life. Quartz is delicate, so we have to keep making these parts,” the MD shared.
The KGM Semicon facility is planned for Dholera, Gujarat, closer to semiconductor fabs, while KAS Group’s existing operations in Doddaballapur and Bengaluru will continue to serve its other businesses.
“₹250 crore is the next phase of the investment, mostly in Dholera because we have to be closer to the fab. Quartz, refurbished tools and parts cleaning — all three will come under one roof, under one name called KGM Semicon,” he said.
Jyothinagara said the company has deliberately built capacity ahead of demand, allowing it to scale once semiconductor projects begin placing larger orders.
“Today, for equipment that goes into facilities, we can make close to 2,000 pieces here, even when demand is only a couple of hundred. For contract manufacturing, we can easily make 3,000 pieces. We have set up very large capacities, but it will take some time to realise the orders.”
Published on September 21, 2026
