PRO FX Tech Approves Strategic Move into Domestic Manufacturing in Bengaluru
The Board of Directors of Pro FX Tech Limited has greenlit a strategic foray into manufacturing, establishing a dedicated assembly and production facility in Bengaluru, Karnataka. The move signifies a significant operational expansion for the audio-visual distribution company.As the first phase of this initiative, PRO FX Tech will establish an approximately 8,000 sq. ft. facility. This unit is slated to commence operations by December 2026. Initially, the manufacturing focus will be on assembling and producing architectural speakers, covering both select products from brands represented by Pro FX and items under its own in-house brand.
This strategic decision is primarily driven by the need for greater resilience against external cost pressures, including foreign exchange fluctuations, particularly volatility associated with the US dollar, as well as rising import costs and applicable duties. By developing domestic manufacturing capabilities progressively, PRO FX aims to create a more stable and scalable business model over the long term.
The initiative also supports the "Make in India" vision, enabling the company to develop products specifically tailored for the Indian market while strengthening domestic expertise within the audio sector. The management stated that future phases of production will involve evaluating more sophisticated and complex audio products based on market response and performance from the initial product program.
Manmohan Ganesh, Managing Director of PRO FX Tech Limited, commented on the manufacturing push, stating that it is a crucial strategic step toward building a sustainable business model. He emphasized that recent volatility in foreign exchange rates and rising import-related costs underscore the importance of cultivating domestic capabilities, allowing the company to progressively reduce exposure to external factors and strengthen its position in the audio segment. The investment value linked to the manufacturing initiative will be disclosed once operations commence.
PROFX Stock Price Movement
Shares of Pro FX Tech Limited concluded the day trading virtually unchanged, settling at ₹73.4 after posting a 0.00% change today. The stock saw a volume of 3,200 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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