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PG Electroplast Ltd. IPO
Incorporated in 2003, PG Electroplast Ltd is in the business of Electronic Manufacturing Services (EMS). Company manufactures verity of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India. The Company was incorporated on March 17, 2003 as PG Electroplast Private Limited under the Companies Act, 1956. Subsequently, pursuant to a special resolution passed at the meeting of the shareholders of our Company at an Extraordinary General Meeting held on July 15 2010, our Company became a public limited company and the word ‘private’ was deleted from our name. The fresh certificate of incorporation to reflect the new name was issued by the RoC on August 6, 2010 The Company is a part of the PG Group, promoted by our Chairman and Managing Director, Mr. Promod Gupta. The history of PG Group dates back to 1977, when Mr. Promod Gupta started dealing in and making radio transistors, receivers and black & white television components at his residence. This was the time when black & white TV components were being imported and supplied to old brands such as Beltek, Televista, Singer, Weston and Crown. He setup his first factory at Delhi in 1981-82, at a time when few renowned brands were making their way to the Indian market. He continued making TV components till the year 1989, before approaching these OEMs for making the entire black & white TV set on contract manufacturing basis. Later, the PG Group also started making CTVs for regional brands. In 1996, it setup its second factory at Noida, followed by a third factory at Bhopal, Madhya Pradesh in 1997. In 1999, the PG Group entered into backward integration by setting up a PCB assembly line at Noida. It then setup another factory at Mohali for assembling VCD/DVD players in 2001. It again entered into backward integration in 2003, with foray into plastic injection moulding. This made the PG Group, an integrated player in the electronic consumer market, with the capability to do plastic injection moulding, PCB assembly and final integration of the products. He then incorporated our Company with the establishment of Unit I at Greater Noida in 2002-03, Unit-II at Roorkee in 2007-08 and later with Unit-III at Greater Noida and Unit-IV at Ahmednagar (Maharastra) in 2010-11. PROMOTERS OF THE COMPANY: Issue Detail:
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