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.

PG Electroplast Limited (PGEL), a leading Electronic Manufacturing Services (EMS) provider in India, has announced a significant strategic partnership with PAX India, a subsidiary of PAX Global Technology Limited. This collaboration marks PGEL's entry into the payments and financial technology hardware segment, expanding its portfolio beyond consumer electronics.

Key Highlights of the Partnership

• PGEL will manufacture PAX-branded Point-of-Sale (POS) devices at its existing facilities.
• Production is scheduled to commence by the end of this year.
• The partnership supports India's 'Make in India' and 'Digital India' initiatives.

Strategic Implications

This agreement represents a significant move for both companies:

• For PG Electroplast: The partnership allows PGEL to diversify its portfolio and enter the high-growth digital infrastructure solutions market. It positions the company as one of the few in India capable of manufacturing POS devices.

• For PAX India: The collaboration strengthens PAX's leadership position in the Indian market by enabling greater localization, efficiency, and scalability.

Executive Insights

Mr. Vikas Gupta, Managing Director – Operations at PG Electroplast Limited, commented on the partnership:

"We are proud to partner with PAX, a global leader in POS devices, to bring advanced digital payment solutions to India under the Make in India initiative. With this partnership, PGEL becomes one of the very few companies in India to manufacture POS devices, further diversifying our portfolio and reinforcing our commitment to scaling EMS in high-growth technology categories."

Mr. Sanjeev Sandhu, CEO of PAX India, added:

"India is one of the fastest-growing digital payments markets in the world, and we are committed to serving it with world-class, locally manufactured POS solutions. Partnering with PG Electroplast allows us to strengthen our presence in India by combining PAX's technology leadership with PGEL's proven manufacturing expertise."

Market Impact

The collaboration is poised to have a significant impact on India's growing digital payments landscape:

• It aims to meet the increasing demand for secure and reliable electronic payment solutions in India.
• The partnership supports the government's initiatives to promote local manufacturing and digital transformation.
• By combining PAX's global technology leadership with PGEL's manufacturing expertise, the collaboration is expected to enhance the reliability and scalability of POS solutions in the Indian market.

This strategic partnership between PG Electroplast and PAX India represents a significant step in the evolution of India's electronic manufacturing and digital payments sectors, potentially reshaping the landscape of POS device manufacturing in the country.