About PG Electroplast Limited (PGEL)

PG Electroplast Limited (PGEL) is a leading, diversified Electronics Manufacturing Services provider specialising in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and plastic injection moulding for 70+ Indian and global brands. The company operates 11 manufacturing units across Greater Noida, Uttar Pradesh; Roorkee, Uttarakhand; Ahmednagar, Maharashtra; and Bhiwadi, Rajasthan, supported by a 10,000+ workforce as on March 31, 2025. PGEL’s portfolio spans room air conditioners, washing machines, LED TVs (via JV), air coolers, automotive components, sanitaryware and consumer electronics, with deep capabilities in PCBs, sheet metal and tool manufacturing that enable end‑to‑end solutions from design to final assembly. It serves customers across 28 Indian states and two countries (Nepal and Sri Lanka); exports contributed less than 0.1% of turnover in FY 2024–25.

The company’s legacy traces back to the PG Group’s beginnings in 1977, progressing through factory build-outs, entry into appliances, and expansion into ACs, washers and tooling. Recent milestones include commissioning an AC plant at Bhiwadi and acquiring Next Generation Manufacturers (NGM) in 2024, followed by consolidating leadership in AC ODM in 2025. PGEL has three subsidiaries (including a step‑down subsidiary).

PG Electroplast Limited’s Business Segments

• Revenue by vertical (FY 2025): Room Air Conditioners 61.79%; Plastic moulding 20.23%; Washing machines 9.2%; Electronics (Non‑TV) 7.17%; Air coolers 1.4%.

• Revenue by geography: Exports contributed less than 0.1% of turnover; the balance was domestic.

PG Electroplast Limited’s Key Management

• Anurag Gupta – Chairman

• Vishal Gupta – Managing Director – Finance

• Vikas Gupta – Managing Director – Operations

• Pramod Chimmanlal Gupta – Chief Financial Officer

• Sanchay Dubey – Company Secretary (up to May 12, 2025)

• Deepesh Kedia – Company Secretary (w.e.f. May 13, 2025)

Latest Updates on PG Electroplast Limited

• Commissioned a second room air‑conditioner facility in Rajasthan with backward integration for heat exchangers, copper tubing and controllers, expanding domestic manufacturing depth and reducing import dependency.

• Strengthened the televisions business through Goodworth Electronics, the company’s joint venture, which manufactures LED TVs and interactive flat panel displays; the JV received approval under the IT hardware PLI scheme.

• Executed a Qualified Institutions Placement (QIP) on December 10, 2024, issuing 2,14,59,218 equity shares at Rs 699/- per share (including premium), aggregating to Rs 1,49,999.93 Lakh, to fund growth plans and strengthen the balance sheet.

• Sub‑division of equity shares: the company split its equity shares from face value Rs 10 to Rs 1, effective July 10, 2024, to enhance liquidity and shareholder accessibility.

• Entered a strategic partnership with a leading home‑appliance brand for contract manufacturing of select semi‑automatic washing machines, deepening relationships with tier‑1 brands.