- Business
- PG Electroplast Limited, the flagship company of the PG Group founded in 1977 and formally incorporated in 2003, manufactures and assembles consumer electronic components and finished products as a leading Indian electronic manufacturing services provider specializing in original equipment manufacturing, original design manufacturing, and plastic injection molding; it offers plastic molding with over 500 advanced machines ranging from 90T to 2100T, sheet metal stamping, printed circuit board assemblies, polyurethane painting and powder coating, final product assembly, and tool manufacturing for air conditioner sub-assemblies and indoor units including heat exchangers, washing machines including semi-automatic models, LED televisions, air coolers, refrigerators, kitchen appliances such as juicers and mixer grinders, mobile handsets, LEDs, sanitaryware including thermoset toilet seats, bathroom fittings, DVD players, set-top boxes, automotive components, and point-of-sale devices. Headquartered in Greater Noida, India, with facilities in Noida, Greater Noida, Bhiwadi, Ahmednagar, Pune, and a new expansion site in Sri City, Andhra Pradesh, the company serves over 50 Indian and global brands in consumer electronics, home appliances, automotive, lighting, and payments technology sectors primarily in India with growing export potential. In recent developments, PG Electroplast entered the payments technology sector through a 2025 strategic manufacturing partnership with PAX India for point-of-sale devices with production commencing by year-end; acquired a 50-acre land parcel in Sri City, Andhra Pradesh via wholly owned subsidiary PG Technoplast for a Rs 1,000 crore integrated manufacturing campus focusing initially on a 1.2 million unit annual capacity refrigerator plant by December 2026; formed a joint venture with Goodworth Electronics in FY24 to expand TV and hardware business; commissioned a Bhiwadi AC unit and doubled capacities for air conditioners, washing machines, and air coolers; approved Rs 1,500 crore fundraising via qualified institutional placements; and reduced net debt by Rs 325 crore while allotting equity shares under employee stock option schemes.