# MIC Electronics Signs MoU with Refit Global for Circular Electronics

URL: https://technosports.co.in/mic-electronics-signs-mou-with-refit-global/  
Published: 2026-02-17  
Updated: 2026-02-17  
Author: Hardik Dhamija

[MIC Electronics](https://technosports.co.in/?s=MIC+Electronics) Limited signed a Memorandum of Understanding (MoU) with Refit Global Private Limited on February 17, 2026, marking a strategic evaluation of entry into India’s fast-growing refurbished and circular electronics segment. With valuation discussions concluded and due diligence in final stages, this deal could represent MIC Electronics’ calibrated expansion into a high-growth, sustainability-aligned vertical.

The engagement has progressed to a signed term sheet, signalling serious intent beyond exploratory talks. Transaction advisor Bestvantage Mergerbay is guiding the deal structure.

![MIC Electronics](https://technosports.co.in/wp-content/uploads/2026/02/MIC-Electronics-1-1-1024x614.jpg)

## Why Circular Electronics, Why Now

India’s refurbished electronics market is witnessing strong growth driven by shorter device replacement cycles, rising demand for affordable technology, ESG-led procurement practices, and increased regulatory focus on responsible e-waste management. Circular economy models are increasingly embedded within electronics manufacturing, with greater emphasis on refurbishment, reuse, and responsible recycling.

For MIC Electronics, this pivot aligns with a broader strategic shift away from traditional project-led infrastructure businesses toward scalable, repeatable business models with long-term value creation potential.

| **Evaluation Scope** | **Details** |
| --- | --- |
| **Segments** | Consumer electronics, enterprise and institutional devices |
| **Models Assessed** | Refurbishment, resale, managed device lifecycle, asset recovery |
| **Distribution** | Platform-led multi-channel distribution |
| **Logistics** | Reverse logistics and compliance-driven refurbishment |
| **Markets** | Domestic and cross-border/export opportunities |
| **Transaction Model** | Asset-light and platform-led |

## What Each Partner Brings

The partnership combines complementary strengths. [Refit Global](https://refitglobal.com/) contributes experience in refurbished electronics sourcing, testing, grading, and multi-channel distribution alongside deep understanding of circular supply chains across consumer and enterprise segments.

MIC Electronics brings established electronics manufacturing and SMT infrastructure, strong quality and governance frameworks, large-scale assembly and testing expertise, and crucially, institutional and government market access—a significant differentiator for enterprise device lifecycle programs.

Together, the parties are evaluating integrated models spanning refurbishment, testing, compliance, and distribution across domestic and export markets.

![](https://technosports.co.in/wp-content/uploads/2026/02/MIC-Electronics.jpg)

## Strategic Vision

Rakshit Mathur, CEO of MIC Electronics Limited, commented: “This engagement marks a meaningful step in MIC Electronics’ strategic evaluation of future-ready, scalable growth opportunities. The refurbished and circular electronics segment offers strong long-term potential, and our discussions with Refit Global allow us to assess capital-efficient structures that combine sustainability, technology capability, and disciplined value creation for stakeholders.”

The proposed transaction’s asset-light structure is notable—MIC Electronics is prioritising platform-led distribution and selective manufacturing integration rather than heavy capital deployment, preserving financial discipline during evaluation.

## ESG and Digital Inclusion Impact

Beyond business returns, the deal carries meaningful ESG implications. Extending device lifecycles reduces electronic waste, improves resource efficiency, and promotes affordable digital access—enabling broader technology inclusion across India’s price-sensitive consumer segments.

The transaction also aligns with export-oriented refurbished electronics supply chains, potentially positioning India as a compliant global supplier of certified refurbished devices.

No binding commitments will be concluded until all conditions precedent, approvals, and regulatory requirements are satisfied—meaning this MoU represents evaluation intent, not a completed transaction.

For more tech industry deals and circular economy updates, follow our coverage.

## FAQs

### **Is the MIC Electronics and Refit Global deal finalised?**

No—a term sheet is signed and due diligence is in final stages, but no binding commitments exist until all approvals are met.

### **What makes MIC Electronics well-suited for the refurbished electronics market?**

Its existing SMT manufacturing infrastructure, testing expertise, quality frameworks, and institutional/government market access are key advantages.