PG Electroplast Limited (PGEL) Company Profile: Products, Promoters and Clients
PG Electroplast Limited (PGEL) Company Description
As one of the top suppliers of Indian electronic manufacturing services, PG Electroplast Limited is particularly strong in plastic injection moulding, original design manufacturing (ODM), and original equipment manufacturing (OEM). The business serves more than fifty Indian and international brands.
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Q1.What are the Products and Service offerings of PG Electroplast Limited?
1.Plastic Molding: PGEL is an excellent manufacturer of high-precision, surface-critical injection moulded small, medium, and large components. To accommodate different customer needs, the firm provides a range of specialised post-molding techniques.
2.Product Business: PGEL is a manufacturer of coolers, air conditioners, and washing machines. It also serves as an OEM. Situated in Ahmednagar, Maharashtra, it is the second-largest original design manufacturer (ODM) of room air conditioners in India, running one of the oldest integrated AC manufacturing factories in the country. Furthermore, with six platforms for semi-automatic washing machines (SAWM) and two platforms for fully automatic top-load (FATL) machines, PGEL is the second-largest washing machine OEM in India.
3.Electronics: PGEL develops printed circuit board assemblies (PCBAs) for a wide range of applications on a turnkey basis, managing procurement, assembly, testing, packing, and shipping. The primary business in this segment is PCB assemblies for leading TV manufacturers. In 2022, PGEL ventured into the LED TV market through a joint venture with Jaina India, producing Google-certified ODM TVs in sizes ranging from 24” to 70”.
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4.Tool Manufacturing: Small to medium-sized moulds are produced by PGEL for use in the white goods, home and kitchen appliance, and automotive industries. The business has also expanded into engineered polymers for use in automobiles, sanitaryware, and other niche markets.
Revenue Split for FY23:
- Plastic Molding: 30%
- Product Business: 62%
- Consumer Electronics: 7%
- Moulds: 1%
Product Mix for FY23:
- Air Conditioners (AC): 77%
- Washing Machines (WM): 19%
- Air Coolers: 4%
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Q2.Who are the Promoters of PGEL?
Mr. Anurag Gupta: Chairman & Executive Director (Technical)
Mr. Anurag Gupta, who succeeded Mr. Promod Gupta as Chairman, has been a part of the Electronics Manufacturing Services industry for more than 27 years. He has a bachelor’s degree in Computer Engineering and Computer Science from Bengaluru University. He is responsible for development and implementation of procurement and monitoring of plant machinery, R&D, technical policies, quality assurance, and technological advancement.
Mr. Vishal Gupta: Managing Director (Finance)
Mr. Vishal Gupta is the Executive Director of Operations and also a promoter of PG Electroplast. He is responsible for administration, finances, compliances, and government and customer relationships, along with some focus on key operations of the company's Air Conditioner business. He completed a Bachelor of Commerce from Delhi University in 1993, and an MBA from the University of Pune in 1995. He started his career with Astrotech International, one of PG promoter group’s companies, in the year 1995. Five years later, he joined Bigesto Technologies Limited as a Director, and finally joined PG Electroplast Limited as the Executive Director of Finance in 2010.
Q3.Who are the Clients of PGEL ?
PGEL caters to leading Indian and global brands, including notable names like LG Electronics, Carrier, Jaguar, Kohler, Usha, Whirlpool, SMR, Bright Auto, and Groupo-Antolin.
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(By Medhansh Bairaria)