### **Company Overview** - **Company Name**: PG Electroplast Limited (PGEL) - **Established**: 2003 - **Headquarters**: Noida, Uttar Pradesh - **Flagship of**: The PG Group (founded in 1977) - **Key Business Models**: - **Original Design Manufacturer (ODM)** - **Original Equipment Manufacturer (OEM)** - **Plastic Injection Moulding** - **Electronics Manufacturing Services (EMS)** - **Employees**: Over 10,000 (as of Aug 2025) - **Manufacturing Footprint**: 11 advanced facilities across Greater Noida, Roorkee, Bhiwadi, and Ahmednagar - **Subsidiaries & JV**: - **PG Technoplast Private Limited (PGTL)** – Wholly owned, manufactures ACs and components - **Goodworth Electronics Limited** – 50% JV, produces LED TVs and interactive flat panels - **Next Generation Manufacturers Private Limited (NGM)** – Wholly owned, supports expansion in AC and electronics PGEL is a leading Indian **Electronic Manufacturing Services (EMS)** provider, offering end-to-end solutions—from product conceptualization, design, tooling, and prototyping to final assembly and supply chain development—for over 70 leading Indian and global brands. --- ### **Core Business Segments & Capabilities** #### **1. Product Manufacturing (ODM/OEM)** - **Room Air Conditioners (RACs)**: - **2nd largest ODM in India** by unit volume - Produces **indoor (IDU)** and **outdoor units (ODU)** and **completely built units (CBUs)** - Capacity: **2M IDUs, 1M ODUs annually** – expandable - **Fully backward-integrated plant in Ahmednagar**, producing: - Heat exchangers, copper tubing, cross-flow fans, controllers, sheet metal, plastic components - PLI Scheme participant, one of the largest beneficiaries in AC components - Offers **0.75T to 2.0T** models (inverter, fixed-speed, IoT-enabled) - R&D focus on energy efficiency, seasonal relevance, and smart features - **Washing Machines**: - **2nd largest ODM** in India - Produces **semi-automatic (6–14 kg)** and **fully automatic top-load (6–9 kg)** models - Manufactures for **25+ brands**, including major OEMs - Capacity: **~1M monthly units (1.35 lakh/month in dedicated platforms)** - R&D-driven features: >9 wash programs, air drying, magic filters, 5-star BEE ratings - Strategic partner with a **leading global appliance brand** - **Air Coolers**: - Portfolio includes desert, personal, and window models - **80% Y-o-Y growth (Aug 2025)** driven by BLDC motors and advanced cooling tech - ODM platforms developed for multiple clients - **Refrigerators**: - **New product category** via greenfield plant in South India - First phase targets **1.2 million units/year by Dec 2026** - Strategic entry into a high-growth segment with limited domestic manufacturing - **LED TVs & Interactive Panels**: - Manufactured via **50% JV – Goodworth Electronics** - Capacity: **100,000 units/month of 24”–100” screens** - Full vertical integration: in-house plastic, SMT, MI, and final assembly #### **2. Plastic Injection Moulding** - **One of India’s largest players** by revenue and capacity - Operates **over 500 injection moulding machines (90T–2,100T)** - Serves consumer durables, automotive, sanitaryware, lighting, and electronics - Specializes in **high-precision, surface-critical components** - Technologies: **Vertical injection, blow moulding, thermoset, gas-assist** - Post-moulding operations: ultrasonic welding, pad printing, hot stamping, PU/powder painting #### **3. Electronics Division** - **PCB Assembly (SMT/Wave Soldering)** for consumer electronics, appliances, automotive - Serves TV OEMs and produces sub-assemblies for ACs - Expanding into **electronic subsystems**: security cameras, voice boxes, IoT modules - Fully automated SMT lines with **3D SPI and AOI inspection** - Capable of **RoHS and non-RoHS** production #### **4. Sheet Metal & Tooling** - **60+ automated press machines (80T–450T)** in Ahmednagar and Bhiwadi - In-house **tool manufacturing** with CAD/CAM capabilities - Produces large tools (up to 1,000T), reducing dependency on imports - Supports internal ODM development with faster turnaround --- ### **Strategic Expansion (2025–26)** | **Project** | **Location** | **Investment Range** | **Key Details** | |-----------|------------|---------------------|----------------| | Refrigerator Greenfield Plant | Sri City, Andhra Pradesh | ₹1,000 crore over 5Y | 50-acre land via PGTL; first South Indian manufacturing presence; largest land holding | | Washing Machine Campus | Greater Noida | Part of ₹700–750 crore CAPEX | Expand capacity for new ODM platforms | | AC Expansion | Supa, Ahmednagar (MH) | | Increase RAC and compressor capacity at highly integrated unit | | Plastic & Cooler Plant | Bhiwadi, Rajasthan | | Supports coolers and downstream industrial segments | | Supa Expansion (New Unit)** | Ahmednagar, MH | ₹1,141.14 crore | For Next Generation Manufacturers; ₹741.91 crore already utilized | - **New POS Manufacturing via PAX India JV**: - Strategic partnership with **PAX Global Technology (HKEX: 327)** - To produce **POS terminals and fintech hardware** in India - First Indian EMS provider to enter financial payment hardware space - Production begins by end-2025 in existing facilities - Supports **“Make in India”** and digital infrastructure growth --- ### **Strategic Initiatives & Enablers** - **Backward Integration**: - In-house production of **critical AC components, PCBs, sheet metal, and plastic parts** - Reduces import dependency, improves margins and lead times - **Process Excellence & Automation**: - Implemented **MES systems, digital work instructions, real-time tracking** - Digitalization improves **visibility, quality, and scalability** across plants - **R&D & Innovation**: - Developed **ODM platforms** across ACs, WM, coolers, TVs - Focus on **IoT, energy efficiency, seasonal features, and premium finishes** - Strong client adoption for smart, customized solutions - **Operational Efficiency**: - Focus on **capital efficiency, RoCE, and operating leverage** - CAPEX reinvested into **high-return projects** and capability enhancement - Cash flow from operations funding organic growth - **Market Positioning**: - Positioned to benefit from **China+1, PLI Scheme, Atmanirbhar Bharat, and import substitution** - Increasing share from **tier-1 OEMs, regional brands, and emerging players** - Leveraging **client trust and end-to-end capabilities** for wallet share expansion --- ### **Geographic & Export Strategy** - **Domestic Footprint**: Pan-India coverage via multi-location manufacturing - **South India Entry**: Land acquisition in **Sri City, AP** marks first southern facility - Proximity to **Chennai Port** enables future **export opportunity** in white goods and EMS - Targets 30% of India’s consumer durable market in southern states - **Current Exports**: <0.2% of turnover - **Future Focus**: Gradual build-up of export capabilities post-domestic capacity stabilization --- ### **Sustainability & Cost Leadership** - **Renewable Energy**: - Rooftop solar and **1.5 MW captive solar plant in Supa (AH)** - Committed to **3.1 MW PPA in UP**, reducing energy costs and carbon footprint - **Cost Leadership Drivers**: - Backward integration, scale, automation, PLI incentives - **Mega Project status** and tax benefits for new subsidiaries - Strategic plant locations near demand hubs (NCR, West, South) --- ### **Key Clients & Partnerships** - **Brand Clients**: LG, Whirlpool, Carrier Midea, Voltas, Sansui, Godrej, Orient, Haier, Intex - **Global Partnership**: PAX Global (POS devices) - **Joint Venture**: Goodworth Electronics (LED TVs, displays) - **Government Programs**: PLI Scheme (AC components), Mega Project Status, Make in India ---