What we do GNG Electronics Ltd refurbishes laptops, desktops, and ICT devices, offering affordable, reliable products with warranty globally under the brand Electronics Bazaar. |
Founded in 2,006 |
Market share India's largest refurbisher of laptops and desktops with strong presence in India, USA, Europe, Africa, and UAE. |
Problem solved Provides cost-effective, premium refurbished ICT devices as reliable alternatives to new hardware, addressing affordability and sustainability. |
Top clients or who we serve Serves retail consumers and large format retailers including Vijay Sales, HP India, Lenovo, operating B2B and B2C models. |
Key management Sharad Khandelwal, Managing Director with expertise in executing growth and expanding global footprint. |
Our journey and innovations Started in 2006, expanded facilities across India, UAE, USA. IPO in 2025 raising ₹460 Cr. Pioneered end-to-end refurbishment and buyback programs. |
Where we operate Operations in India, UAE, USA, Europe, Africa with presence in 44 countries worldwide. |
Top products or what we offer Refurbished laptops, desktops, ICT devices; buyback solutions; e-waste management; new and open-box electronic devices. |
Top brands Electronics Bazaar - flagship brand with wide global reach and comprehensive refurbishment services. |
Raw materials needed Used laptops, desktops, ICT devices sourced globally for refurbishment. |
Raw materials supplier Sourced from corporate clients, retailers, and OEM buyback programs like those with HP and Lenovo. |
Recurring vs cyclical contribution Revenue mix includes recurring buyback and warranty services plus cyclical refurbishment sales. |
Our industry position Market leader in refurbished ICT sector in India with growing global footprint and strong OEM partnerships. |
Financial highlights FY26 Revenue ₹1411.11 Cr, Net Profit ₹68.83 Cr, consistent YoY growth reflecting expanding scale and margins. |
Geographical revenue split Export revenues ₹1065.78 Cr and local Indian revenues ₹345.33 Cr in FY26. |
Order book - |
Whats driving growth AI adoption, component supply constraints shifting demand to refurbished devices; expanding global footprint and brand strength. |
Our future plans Scale production in India, USA, UAE; expand warehouses and improve ITAD and circular economy initiatives. |
Our green promise Focus on circular economy promoting e-waste management and sustainable ICT product life cycles. |
Our people and values Committed to disciplined execution, long-term value creation, and advancing sustainable ICT solutions. |
Key challenges ahead Supply chain volatility, technology shifts, maintaining quality standards amid rapid growth. |
Interesting facts Largest ICT refurbishment company in India with a footprint across 44 countries and an IPO raising ₹460 Cr in 2025. |
Risks and strategy Mitigating risks through diversified markets, strong OEM partnerships, continuous innovation, and expansion into new geographies. |
