Mr Murthy Munipalli, Managing Director of Incap India, expressed gratitude for the recognition. “We are truly honored to receive the STPI IT Export Award. The dedication and expertise of our team in India continue to be the driving force behind our success here, ensuring that we consistently deliver quality and value to our customers. The award also stands as proof of the strong partnerships we maintain with our clients, suppliers, and the local community here in Tumkur, Karnataka, and further strengthens our position as a trusted manufacturing partner for our global customers,” stated Munipalli.
 
The award was presented during the STPI IT Export Awards 2025 ceremony, held as part of the 28th edition of Bengaluru Tech Summit 2025 at the Bengaluru International Exhibition Centre (BIEC). The category covers companies with exports up to INR 2,000 crore (around EUR 200 million).
 
This is the seventh time that Incap India has received the prestigious STPI IT Exports Award, having also been recognised in 2013, 2016, 2019, 2020, 2021, and 2023. Incap India has been a member of STPI since 2007. Mr Munipalli highlighted the importance of Karnataka as the heart of the electronics and IT sector in India, noting that the state accounts for nearly half of the country’s performance in this field.
 
STPI, an organisation under the Ministry of Electronics and Information Technology, promotes technology and electronics exports across India. According to STPI, Karnataka accounted for 44% of India’s total IT and electronic hardware exports during the financial year 2024–2025. STPI acknowledged the contribution of Karnataka-based IT and electronic hardware companies, including Incap, for their role in strengthening India’s exports and generating employment. The selection of awardees was made by a core committee comprising eminent representatives from industry, academia, and the state government.
 
Incap India factory is located in Tumkur, Karnataka near Bangalore. The three factories at Incap India have 34,561 square meters of total floor space and produce inverters and UPS, battery chargers, PCBs for fuel and cash dispensers, power supply units, rescue devices, solar inverters, drives and medical devices as well as devices for other electronic industrial products. The machinery is suitable for common component technologies, and together with the great location and skilled personnel, Incap India can provide high-quality manufacturing services to meet the most demanding customer needs.
 
Photos from the award ceremony and the Incap India factory: https://photos.app.goo.gl/Gojm6EsDwjY799u4A
 
 
INCAP CORPORATION 
 
Additional information: 
Otto Pukk, President and CEO, tel. +372 508 0798 
Murthy Munipalli, Managing Director of Incap CMS Pvt. Ltd., tel. +91 98802 31431
 
Incap in brief
 
Incap Corporation is a trusted partner and full-service provider in Electronics Manufacturing Services. As a global EMS company, Incap supports customers ranging from large multinationals and mid-sized companies to small start-ups in their complete manufacturing value chain. Incap offers state-of-the-art technology backed up by an entrepreneurial culture and highly qualified personnel. The company has operations in Finland, Estonia, India, Slovakia, the UK, USA, and Hong Kong and employs approximately 2,500 people. Incap’s share has been listed on Nasdaq Helsinki Ltd stock exchange since 1997.