PG Electroplast's Subsidiary to Invest ₹1000 Crore in Maharashtra Mega Project

1 min read     Updated on 30 Aug 2025, 02:30 PM
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Overview

PG Electroplast's subsidiary, Next Generation Manufacturers Pvt Ltd, has signed an MoU with the Maharashtra Government for a ₹1000 crore investment in Kamargaon, Ahilyanagar. The project aims to establish an integrated manufacturing facility for air conditioners, washing machines, refrigerators, and allied products. Expected to create over 5,000 job opportunities, this initiative is part of Maharashtra's Magnetic Maharashtra program to boost industrial growth. The facility will enhance the consumer electronics ecosystem in western India and demonstrate PG Group's commitment to developing world-class manufacturing capacities in India.

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PG Electroplast , a leading electronic manufacturing services provider, has announced a significant partnership with the Maharashtra Government through its step-down subsidiary, Next Generation Manufacturers Pvt Ltd. The collaboration involves a substantial investment of ₹1000.00 crore in a mega project aimed at bolstering India's manufacturing ecosystem.

Project Details

The Memorandum of Understanding (MoU) was signed at the Sahyadri State Guest House in Mumbai. The ceremony was attended by notable government officials, including the Chief Minister of Maharashtra, Shri Devendra Fadnavis, and the Minister of Industries, Shri Uday Samant.

Key highlights of the project include:

  • Investment: ₹1000.00 crore
  • Location: Kamargaon, Ahilyanagar, Maharashtra
  • Scope: Establishment of a state-of-the-art integrated manufacturing facility
  • Products: Air conditioners, washing machines, refrigerators, and allied products
  • Employment: Expected to create over 5,000 direct and indirect job opportunities

Strategic Importance

This project is part of Maharashtra's flagship Magnetic Maharashtra initiative, aimed at attracting investments and boosting industrial growth in the state. The new facility is expected to significantly enhance the consumer electronics ecosystem in western India.

Mr. Vishal Gupta, Managing Director – Finance of PG Electroplast, expressed enthusiasm about the partnership, stating, "This investment underscores PG Group's commitment to creating world-class consumer electronics manufacturing capacities in India. The new facility at Kamargaon will be highly vertically integrated, boost the local components ecosystem, and generate large-scale employment."

Government Support

Chief Minister Devendra Fadnavis emphasized the government's commitment to ensuring smooth implementation of the project. He highlighted initiatives such as the Maitri Portal and a new energy policy reducing power tariffs, which are designed to create an investor-friendly environment in Maharashtra.

Company Background

PG Electroplast Limited is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing for leading consumer durable and electronics brands in India. The company boasts significant capabilities in plastic injection molding and offers services across the value chain in Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) for products like washing machines, room air conditioners, air coolers, and LED TVs.

This mega project represents a significant step forward in PG Electroplast's growth strategy and aligns with India's push for enhanced domestic manufacturing capabilities in the electronics sector.

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PG Technoplast Appoints Manufacturing Veteran Girish Chander as CEO

1 min read     Updated on 28 Aug 2025, 06:12 PM
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Overview

PG Electroplast announced Girish Chander as the new CEO of its wholly owned subsidiary, PG Technoplast Private Limited, effective August 29, 2025. Chander brings 29 years of manufacturing experience, including 21 years in the air-conditioning sector. His career includes roles at Vardhman Spinning Mills, Whirlpool India, LG Electronics India, Carrier Midea India, and Havells India. The appointment aims to enhance operational efficiency and drive growth for PG Technoplast.

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PG Electroplast announced a significant leadership change in its wholly owned subsidiary, PG Technoplast Private Limited. The company has appointed Girish Chander as the new Chief Executive Officer (CEO), effective August 29, 2025. This strategic move aims to bolster the company's operational efficiency and drive its next phase of growth.

A Wealth of Experience

Girish Chander brings an impressive 29 years of manufacturing and operations experience to his new role, with a particular focus on the air-conditioning sector, where he has spent 21 years. His educational background includes a B.E. in Production Engineering from PEC Chandigarh, completed in 1995. More recently, Chander enhanced his leadership skills through a Senior Executive Development Program in Transformational Leadership in 2023.

Career Highlights

Chander's career trajectory showcases a steady progression through various prominent companies in the manufacturing sector:

  • Started his career at Vardhman Spinning Mills
  • Held positions at Whirlpool India Limited
  • Worked at LG Electronics India Private Limited
  • Contributed to Carrier Midea India Private Limited
  • Most recently, served at Havells India Limited

At Havells, Chander played a crucial role in stabilizing operations at the company's Sricity plant. His experience spans multiple facets of manufacturing, including:

  • Demand planning
  • Production
  • Logistics
  • Cross-functional collaboration with sales and service teams

Strategic Appointment

The Board of Directors of PG Technoplast Private Limited expressed confidence in Chander's ability to lead the company forward. His appointment is seen as instrumental in:

  • Formulating and executing corporate strategies
  • Enhancing operational efficiency
  • Ensuring organizational excellence across all functions

Looking Ahead

As PG Technoplast Private Limited embarks on its next growth phase, Girish Chander's leadership is expected to be a driving force. His extensive experience in setting up greenfield factories and his proven track record in execution excellence position him well to lead the organization towards sustainable and scalable manufacturing excellence.

The appointment of Girish Chander as CEO marks a significant step for PG Technoplast Private Limited and its parent company, PG Electroplast, as they aim to strengthen their position in the manufacturing sector.

Historical Stock Returns for PG Electroplast

1 Day5 Days1 Month6 Months1 Year5 Years
+4.10%-4.97%-28.73%-31.19%+8.00%+11,342.27%
PG Electroplast
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