PG Electroplast Limited (PGEL) Company Profile: Products, Promoters and Clients

PG Electroplast Limited (PGEL) Company Description

PG Electroplast Limited is a company that makes electrical goods in India. They mainly produce OEM units for consumer electronics. The company assembles a wide range of components, making products like washing machines, air conditioning parts, mobile phones, and LED lighting for other businesses. The company offers services throughout the product lifecycle, from idea and design to prototyping, licensing, and product rollout. They serve over 45 Indian brands and foreign companies in various sectors, including consumer goods, electronics, and automotive. The business serves more than 50 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 makes coolers, air conditioners, and washing machines. It is also an OEM. Located in Ahmednagar, Maharashtra, PGEL is the second-largest original design manufacturer (ODM) of room air conditioners in India and operates one of the oldest AC factories in the country. Additionally, PGEL has six types of semi-automatic washing machines and two fully automatic top-load machines, making it the second-largest washing machine OEM in India.

3.Electronics: They make printed circuit board assemblies (PCBAs) for many uses and handle everything from buying parts to assembling, testing, packing, and shipping. Their primary focus is on PCB assemblies for top TV makers. In 2022, PGEL entered the LED TV market by partnering with Jaina India. They now produce Google-certified ODM TVs in sizes from 24 to 70 inches.

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.

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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)