The Next 50#70 SFO Technologies

SFO Technologies engages in manufacturing services, products and technologies, engineering, and software and systems integration businesses worldwide. The group offers turnkey solutions, product development and maintenance, R&D support, and customer services spanning diverse domains such as embedded system development, design and product development, industrial process and automation, education services, and other IT services as well. FY14 marked a growth of 36% for SFO Technologies with its revenue standing at `1,200 crore compared to `882 crore in the previous year.

SFO Technologies acquired 100% of the share capital of Ashling Microsystems, a leading supplier of Embedded Software Development tools.

During the year, the company entered the defence and aerospace sector in a big way. The company's future strategy is to focus on the defence, aerospace, healthcare, transportation, and communication segments mostly for export.

It has hardware and software facilities in India and the United States. SFO Technologies operates as a subsidiary of NeST Group.