PG Electroplast and PAX India Announce Strategic Manufacturing Partnership for POS Devices

#Partnership #PGEL #Manufacturing #PAX #EMS

“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.” - Vikas Gupta, Managing Director of Operations, PG Electroplast

August 2025 : PG Electroplast Limited (PGEL), a leading Electronic Manufacturing Services (EMS) provider, has recently signed a definitive agreement with PAX India to manufacture Point-of-Sale (POS) devices in India. This collaboration marks a significant step for both companies, strengthening local manufacturing capabilities in the fast-growing digital payments sector.

Under the new arrangement, PGEL will produce PAX-branded POS devices at its existing facilities, with production slated to commence by the end of this year. This agreement signifies PGEL’s entry into the payments and financial technology hardware segment, expanding its portfolio beyond consumer electronics into high-growth digital infrastructure solutions.

Mr. Vikas Gupta, Managing Director of Operations, PG Electroplast, commented, “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, PAX India, emphasized the strategic value of the partnership. “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.”

The collaboration will strengthen PAX India's leadership position by enabling greater localization and efficiency. It also aligns with the Government of India’s “Make in India” and “Digital India” missions, ensuring that secure and reliable payment devices are manufactured domestically to meet the nation’s increasing demand.

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