About Company

• The Company was incorporated as “GNG Electronics Private Limited” at Mumbai in 2006. Subsequently, on conversion to a public limited company, the name was changed to “GNG Electronics Limited”.
• The company is India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT Devices overall, both globally and in India, with significant presence across India, USA, Europe, Africa and UAE, in terms of value, as of March 31, 2025.
• The company operates under the brand “Electronics Bazaar”, with presence across the full refurbishment value chain, i.e., from sourcing to refurbishment to sales, to after–sales services and providing warranty. As of March 31, 2025, the company has a comprehensive portfolio of 5,840 SKUs. 
• The company is India’s largest Microsoft Authorised Refurbisher, in terms of refurbishing capability, as of FY 2024. Further, it is also the IT asset disposal partner for India’s 2nd largest software company as of FY2025.
• The company offers other value–added services such as ITAD and e-waste management services, warranties, doorstep service, on–site installation, flexible pay options, easy upgrades, assured buyback programmes and buyback programmes for refurbished ICT Devices.
• The company’s refurbished ICT Devices are sold in 38 countries as of March 31,2025. The company’s sales network comprises 4,154 touchpoints in India and globally as of March 31, 2025.
• The company has 5 refurbishing facilities located across India, the USA and the UAE. It has 1 facility in Navi Mumbai, Maharashtra, India, 1 facility in Dallas, Texas, USA and 3 facilities in Sharjah, UAE, aggregating to 58,127.82 sq. ft.
• The company has established a consistent track record of financial performance reflecting operational efficiency. For the financial years ending March 31, 2025, 2024, and 2023, the company’s revenue from operations stood at ? 1,411.11 Cr, ?1,138.14 Cr and ? 659.54 Cr, respectively.

Strengths

Competitive Strength 

• India’s largest refurbisher of laptops and desktops and among the largest refurbishers of ICT devices overall, both globally and in India
• Strong global supply chain, established sourcing base with a long tail of vendors and a wide customer base
• Well-established refurbishing capabilities and state–of–the–art infrastructure, with a focus on quality
• Well-positioned to harness the global shift to sustainability and growing focus on ESG
• Experienced management team and qualified personnel with significant industry experience
• Track record of profitability and consistent financial performance

Business Strategies 

• Expanding the footprint and increasing its market presence in India and other countries to capitalize on the industry tailwinds
• Enhancing procurement in India and other countries while simultaneously strengthening brand relationships
• Focus on environmental, social, and governance (“ESG”) standards and expanding opportunities with OEMs

Company Promoters

Company Financials

GNG Electronics Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2025 and March 31, 2024.

Objects of the Issue