What Does Elektra Do?

Total employees5840
HeadquartersMexico City
FoundedN/A

Elektra, commercially known as Grupo Elektra, S.A.B. de C.V., is a prominent Latin American conglomerate specializing in financial services and specialty retail. For over 70 years, Elektra has aimed to enhance the quality of life for millions by providing accessible credit, banking services, and a wide range of retail products including electronics, appliances, furniture, and motorcycles. The company operates primarily in Mexico, the United States (through Advance America), Guatemala, Honduras, and Panama, with a strong commitment to financial inclusion and serving the middle and lower-income segments of the population.

Where Is Elektra's Headquarters?

HQ Function

Serves as the corporate nerve center for Grupo Elektra, overseeing strategic planning, financial management, legal affairs, and the coordination of its retail and financial service divisions across multiple countries.

Notable Features:

The headquarters is a modern corporate building situated on a major avenue in southern Mexico City, reflecting its status as a leading national enterprise. Specific architectural awards or unique internal facilities are not widely publicized, but it's designed for corporate operations.

Work Culture:

The work culture at Elektra's headquarters is characterized by a dynamic, results-oriented environment, driven by its operations in the fast-paced retail and financial sectors. There's an emphasis on innovation, market expansion, and customer service.

HQ Significance:

The Mexico City headquarters is crucial as it anchors Elektra's extensive operations within its primary market, Mexico, and directs its international strategies for Latin America and the U.S. It symbolizes the company's long-standing presence and influence in the region's economy.

Values Reflected in HQ: The headquarters' location in a major economic hub and its modern infrastructure likely reflect Elektra's values of market leadership, efficiency, and forward-thinking in its business approach.

Location:

Elektra has a significant international presence, primarily focused on the Americas. Its core operations span Mexico (its largest market), the United States (through Advance America for financial services), Guatemala, Honduras, and Panama. Globally, Elektra supports functions such as specialized retail of consumer durables and electronics, extensive financial services including banking (Banco Azteca), consumer credit, insurance, and pension fund management. These operations are supported by a robust supply chain, advanced financial technology platforms, and extensive customer service networks across its operating countries.

Street Address:

Av. Insurgentes Sur 3579, Colonia Tlalpan La Joya

City:

Mexico City

State/Province:

Mexico City

Country:

Mexico

Where Else Does Elektra Operate Around the World?

Spartanburg, South Carolina, USA

Address: 135 N. Church Street, Spartanburg, SC 29306, USA

To provide short-term financial solutions to consumers across the United States, operating a large network of centers and online services under various brand names.

Key urban centers in Guatemala, Honduras, and Panama

Address: Multiple regional offices and flagship store locations supporting Banco Azteca and Tiendas Elektra operations.

To serve the Central American market with consumer goods and financial products, tailoring offerings to local consumer needs, promoting financial inclusion, and expanding Elektra's market share in these countries.

Buying Intent Signals for Elektra

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Elektra? Meet the Executive Team

As of April 2025, Elektra' leadership includes:

Ricardo B. Salinas Pliego - Chairman of the Board of Directors
Rafael Guillermo Piccolo Iniesta - Chief Financial Officer, Grupo Elektra
Alejandro Valenzuela del Rio - Chief Executive Officer of Banco Azteca and Azteca Servicios Financieros
Francisco Luis Juan José de Jesús Carriedo Ocejo - Chief Executive Officer of Tiendas Elektra (Specialized Commerce)

Who's Investing in Elektra?

Elektra has been backed by several prominent investors over the years, including:

Ricardo B. Salinas Pliego (Principal and Controlling Shareholder)
Various institutional investors (shares traded on the Mexican Stock Exchange, BMV: ELEKTRA*)
Individual retail investors (via public stock listing)

What Leadership Changes Has Elektra Seen Recently?

Hire3
Exits1

In the past 12-15 months, Elektra has experienced key leadership changes, including the appointment of a new Group CFO and new CEOs for its financial (Banco Azteca) and retail (Tiendas Elektra) divisions, signaling strategic repositioning and focus in these core areas.

Departures

F. Javier Gallástegui Armella, F. Javier Gallástegui Armella transitioned from his role as CFO of Grupo Elektra to other responsibilities within Grupo Salinas.

New Appointments:

Rafael Piccolo Iniesta, Rafael Piccolo Iniesta appointed as new Chief Financial Officer for Grupo Elektra.
Francisco Carriedo Ocejo, Francisco Carriedo Ocejo appointed as new CEO of Tiendas Elektra.
Alejandro Valenzuela del Rio, Alejandro Valenzuela del Rio appointed as new CEO of Banco Azteca.

What Technology (Tech Stack) Is Used byElektra?

Discover the tools Elektra uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Elektra Email Formats and Examples

Elektra (Grupo Elektra) and its subsidiaries like Banco Azteca likely use standardized corporate email formats. Common patterns include [first initial][last name] or [first name].[last name] @[companydomain]. The specific domain may vary (e.g., @grupoelektra.com.mx, @elektra.com.mx, @bancoazteca.com.mx).

[first_initial][last]@grupoelektra.com.mx or [first].[last]@grupoelektra.com.mx

Format

jdoe@grupoelektra.com.mx or jane.doe@grupoelektra.com.mx

Example

75%

Success rate

What's the Latest News About Elektra?

PR Newswire (Grupo Elektra)February 27, 2024

Elektra Announces Fourth Quarter 2023 and Full Year 2023 Results

Grupo Elektra reported a 10% increase in consolidated revenue to Ps.184,675 million for 2023, driven by a 16% growth in financial income and an 8% rise in commercial sales. Consolidated EBITDA reached Ps.16,613 million, reflecting strong performance in both its financial and retail segments....more

El CEOMay 17, 2024

Elektra outlines strategy to reduce company debt

Grupo Elektra is implementing strategies aimed at reducing its outstanding debt. These measures include optimizing its financial portfolio and enhancing operational efficiencies across its business units to strengthen its overall financial health and navigate current market conditions effectively....more

Forbes MéxicoMarch 12, 2024

Elektra's Banco Azteca aims to become the largest neobank in Mexico

Banco Azteca, the financial division of Grupo Elektra, is significantly boosting its investment in digital banking technologies and services. The bank's strategic goal is to position itself as the leading neobank in Mexico by expanding its digital offerings and improving financial accessibility for its customer base....more

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