PG Electroplast Limited (PGEL), one of India’s leading Electronic Manufacturing Services providers, has entered into a definitive agreement with PAX India, a subsidiary of PAX Global Technology Limited, to manufacture Point-of-Sale (POS) devices in India. This marks PGEL’s expansion into financial technology hardware, diversifying beyond its strong base in consumer electronics.
Under this agreement, PGEL will produce PAX-branded POS devices at its facilities, with manufacturing expected to begin by the end of 2025.
As per exchange filings, Mr. Vikas Gupta, Managing Director: Operations, PG Electroplast Limited, said, “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.”
This collaboration will not only broaden PGEL’s capabilities but also contribute to India’s mission of strengthening local manufacturing under the “Make in India” and “Digital India” initiatives.
Highlighting the importance of this partnership, Mr. Sanjeev Sandhu, CEO of PAX India, stated, “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.”
PAX Global Technology, a Hong Kong-based company traded on the Hong Kong Stock Exchange as HKEX: 327, is a top global supplier of electronic payment terminals and services. They provide a range of products, including smart and classic point-of-sale (POS) systems, unattended payment devices, and cloud-based software. With its headquarters in Hong Kong, PAX operates in over 100 countries through its network of local offices, partners, and integrators.
Read More: PG Electroplast Share Price Tanks 37% in 4 Days as FY26 Growth Guidance Cut!
As of August 20, 2025, at 11:45 AM, PG Electroplast share price is trading at ₹553.20 per share, reflecting a gain of 2.39% from the previous closing price.
The partnership between PGEL and PAX India represents a significant step toward boosting India’s digital payment ecosystem. By combining global technology expertise with local manufacturing strength, the collaboration is set to deliver cutting-edge POS solutions while aligning with national initiatives to drive self-reliance and digital transformation.
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Published on: Aug 20, 2025, 1:16 PM IST
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