GX Group Aims for Rs 500 Crore Revenue with Ambitious Expansion Plans

Telecom gear maker GX Group predicts a 66% revenue rise to Rs 500 crore by FY 2026, citing growth in domestic and export sectors. CEO Paritosh Prajapati highlights the company’s expansion plans, including Rs 100 crore investment in India and leveraging the telecom production-linked incentive scheme.

Telecom equipment manufacturer GX Group anticipates a significant revenue boost, aiming for a 66% hike to reach Rs 500 crore by the financial year 2026. The company's growth strategy combines a robust domestic market presence and increased exports, as confirmed by CEO Paritosh Prajapati.

Prajapati disclosed that GX Group is set to inject Rs 100 crore into expanding its manufacturing facilities within India this fiscal year. This move aligns with the benefits accrued from the telecom production-linked incentive (PLI) scheme, which has played a pivotal role in the company's growth trajectory.

In addition to expanding production capacity, GX Group eyes a 120% surge in exports to Africa, Europe, and Southeast Asia by pivoting from software to hardware exports. The company aims to create a global hub in India, focusing on local value addition and partnering with SMEs to foster an Atmanirbhar ecosystem for broadband equipment components.