o3 Capital acted as the Exclusive Financial Advisor to SFO Technologies on its Growth Capital Raise.

We are pleased to announce that our client, SFO Technologies, has raised USD ~85 million (₹750+ crore) in a funding round led by Trident Growth Partners and Amicus Capital Partners, with participation from Anicut Capital and HDFC AMC.

SFO Technologies is a leading Kochi-based electronics manufacturing services provider focused on mission-critical, low-volume, high-complexity products. SFO offers vertically integrated design-to-manufacturing capabilities across its 24 units in Kochi, Bangalore, and Pune, and has cultivated decades-long relationships with marquee Fortune 500 clients across industrial, medical, aerospace, energy, transportation and communication sectors. The company manufactures complex products for critical applications that require stringent qualification criteria and certifications across diversified end markets.

The current capital-raise will be deployed to significantly expand the manufacturing capacity over the next two years, pursue backward integration through components manufacturing, and strengthen the company's global footprint.

This transaction marks the seventh mandate successfully executed by o3 Capital for SFO Technologies across fundraising and both inbound and outbound M&A transactions. The partnership spans more than two decades, during which o3 Capital has served as SFO’s trusted lifecycle banker, supporting the company across multiple phases of growth and strategic evolution.

Speaking of the transaction,

N. Jehangir, Founder at SFO Technologies, commented: “Beyond capital, Trident Growth Partners and Amicus Capital bring deep domestic and global relationships, along with a shared belief in what we are building. Their conviction in our vision strengthens our belief that India can compete at the highest levels of global manufacturing through engineering excellence and operational discipline.

We’re especially grateful to o3 Capital for bringing such marquee partners onto our cap table. For over two decades, o3 Capital has been part of the SFO family—standing by us through every phase—and their guidance and unwavering support has truly helped shape the journey we are on today.”

T.R. Srinivas, Managing Partner at o3 Capital, said: “Our long-standing partnership with SFO Technologies is built on deep trust and a consistent focus on long-term value creation. We are proud to have advised SFO on this landmark capital raise, which brings together high-quality investors aligned with the company’s strategic vision.

This transaction underscores the strength of India’s EMS ecosystem and reinforces o3 Capital’s position as a leading advisor to various scaled assets in the EMS ecosystem.”

Rajesh Ramaiah, Managing Partner at Trident Growth Partners, commented: “SFO Technologies exemplifies the kind of customer-first, execution-led businesses TGP aims to back. We were particularly impressed by SFO’s breadth and depth of capabilities, disciplined operations, and deep focus on customer solutions. They are addressing a critical need for high-complexity manufacturing with a scalable, quality-driven model and an unwavering focus on engineering excellence. Alongside capital, TGP will serve as a long-term partner to SFO Technologies, supporting the company with providing strategic inputs, establishing best practices on governance, as well as access to its ecosystem of operating advisors and founders.”

Sunil Theckath Vasudevan, Partner at Amicus Capital Partners, added: “I have known SFO Technologies and Mr. Jehangir since 2006. During these years SFO has grown to be a world-class, integrated electronics manufacturing platform that serves as a one-stop shop for high-complexity design and manufacturing solutions. The company’s strong engineering capabilities from components to high-level assemblies, consistent execution discipline, and long-standing partnerships with blue-chip global customers across multiple sectors highlight the trust and reputation it has cultivated over decades. With an experienced leadership team and strong operational foundation, SFO is well positioned to capitalize on the structural tailwinds in the Indian EMS sector. We look forward to working closely with Mr. Jehangir and the management team to support the company’s next phase of growth to be a global leader in EMS.”

About Trident Growth Partners

Trident Growth Partners is a growth-stage private equity fund that was launched by 3 GPs with 50+ years of combined investment experience at Premji Invest and IFC, with a top tier track record of investing $1.2 billion in 36 companies of which 15 became unicorns and 14 had IPO’s/M&A/secondary exits. While sector agnostic, the fund’s investment themes include Consumer, Financial Services, Enterprise Technology, Manufacturing and Healthcare.

About Amicus Capital Partners

Amicus Capital Partners is an India-dedicated growth capital fund. The fund is focused on investing in sectors where the investment team has deep expertise – financial services, consumer, healthcare, technology & business services, and specialty manufacturing. The Fund seeks to invest in capital efficient and fast-growing businesses looking to scale-up once the business model is proven and partner with entrepreneurs to create segment/category leaders.

About o3 Capital

o3 Capital is a leading mid-market investment bank focused on delivering differentiated outcomes across private equity, M&A, structured finance, and strategic advisory. With deep sector expertise and long-standing client relationships, o3 Capital partners with entrepreneurs and institutions to drive transformational growth and value creation.