PG Electroplast Limited (PGEL), one of India’s leading Electronic Manufacturing Services (EMS) providers, has entered into a definitive agreement with PAX India, a subsidiary of PAX Global Technology Limited (HKEX: 327), to manufacture Point-of-Sale (POS) devices in India. Production will take place at PGEL’s existing facilities, with rollout expected by the end of this year.
This partnership marks PGEL’s entry into the payments and financial technology hardware space, expanding its portfolio beyond consumer electronics and reinforcing its presence in fast-growing digital infrastructure markets. Speaking on the collaboration, Vikas Gupta, Managing Director – Operations, PG Electroplast Limited, said: “We are delighted to partner with PAX, a global leader in POS technology, to bring world-class digital payment devices to India under the Make in India initiative. With this collaboration, PGEL becomes one of the select companies in India to manufacture POS devices, further diversifying our product portfolio and strengthening our role in scaling advanced EMS capabilities.”
Sanjeev Sandhu, CEO of PAX India, added “India is one of the fastest-growing digital payments markets worldwide. Partnering with PG Electroplast allows us to combine PAX’s technology leadership with PGEL’s proven manufacturing expertise. Through local production, we aim to deliver scalable, reliable POS solutions tailored to the needs of Indian customers, while contributing to the Digital India and Make in India programs.”
The partnership strengthens PAX India’s market leadership by enhancing localization, efficiency, and scalability. It also ensures that secure, high-quality POS devices are manufactured domestically to meet rising demand for electronic payment solutions across the country.
PAX Global Technology Limited is a leading provider of electronic payment terminals and related services, offering Android smart POS, unattended payment systems, traditional POS, and SaaS-based cloud platforms. Headquartered in Hong Kong, PAX operates in more than 100 countries through a global network of offices, partners, and system integrators. Established in 2018, PAX India has since become a leading player in the Indian POS industry, serving major banks, acquirers, and technology service providers.
PG Electroplast Limited is a leading EMS and contract manufacturing provider for consumer durables and electronics in India. With one of the largest plastic injection moulding capacities in the country, PGEL offers end-to-end solutions across Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM). Its product range includes washing machines, room air conditioners, air coolers, and LED televisions.
