EPACK Durable Partners with Bumjin Electronics to Launch Audio Device JV in India

EPACK Durable Ltd has signed a strategic joint venture agreement with South Korea’s Bumjin Electronics Co. Ltd to manufacture and sell TV speakers, soundbars, and AI-enabled audio devices in India. The JV marks a significant expansion of EPACK’s consumer electronics footprint.

Key Highlights

- EPACK will hold a 66.67% stake in the JV, while Bumjin will retain 33.33%.

- The JV will operate with an authorized share capital of INR 140 million, split into 14 million equity shares.

- Products will be manufactured using SKD/CKD formats, targeting both domestic and export markets.

Strategic Objectives

- EPACK aims to leverage Bumjin’s technical expertise and global manufacturing standards.

- The partnership will enable technology transfer, innovation, and import substitution.

- The JV will also explore e-commerce and affiliated business channels to expand reach.
Governance Structure

- EPACK will appoint the business head and three board directors; Bumjin will nominate two directors and the technical lead.

- Financial leadership will be jointly decided.

Sources: MarketSetup.in, Rediff Money, EPACK Durable Corporate Filings.