How Inder Jaisinghani Built 1.15 Billion USD Company - Polycab India Pvt. Ltd.

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The founder of Polycab is Inder T. Jaisinghani, who started the company along with his brothers in 1983 and led it to become a top manufacturer of wires, cables, and electrical equipment in India. Company Origins The roots of Polycab date back to 1964, when Sind Electric Stores was established by Thakurdas Jaisinghani in Mumbai, selling electrical products like fans, lighting, switches, and wires.

Inder T. Jaisinghani, together with his brothers, transitioned from retail trading to manufacturing and formally founded Polycab Industries in 1983. Growth and Leadership Inder T. Jaisinghani currently serves as the Chairman and Managing Director of Polycab and has been integral to its growth since its inception. Under his leadership, Polycab moved from distribution to large-scale manufacturing, setting up a major plant in Halol, Gujarat, and expanding into new electrical product segments.

The Jaisinghani family continues to play an active role in the business, especially in strategic and management positions. Founding Family Members: Polycab’s journey reflects the vision and enterprise of the Jaisinghani family, especially Inder T. Jaisinghani’s leadership and strategic foresight

Polycab expanded from trading to manufacturing by making a series of visionary and strategic moves driven by the Jaisinghani family, especially Inder T. Jaisinghani. Strategic Shift from Trading to Manufacturing. In the 1980s, Polycab initially built its business as a trader of electrical products, gaining deep insights into market needs and establishing key industry contacts.

Seeing the limitations and opportunities of being only a trader, Inder T. Jaisinghani aimed to control the entire value chain, focusing on product quality and reliability. The company officially ventured into manufacturing in 1983, starting with a factory in Halol, Gujarat, to produce PVC-insulated wires, copper, and aluminium wire.

Polycab’s leadership invested heavily in machinery and automation, setting up advanced manufacturing units by 1996, and launching one of India’s largest electrical cable production facilities. The company consistently reinvested profits into new technology, expanding into R&D, and developed a diverse product portfolio—ranging from standard wires to specialised cables for railways, construction, and industrial applications.

Key Elements in Their GrowthPolycab’s commitment to in-house manufacturing enabled tight quality control and rapid innovation cycles. Investment in large, modern plants across several states, enabling production efficiencies and economies of scale. Expansion of distribution networks contributed significantly to getting their products to a wide range of customers and markets in India and globally.

Focus on product innovation, automation, and lean processes reduced costs and improved operational agility, allowing Polycab to quickly respond to market demands. This combination of quality-focused manufacturing investments, strategic expansion of product lines, and aggressive distribution network development transformed Polycab from a local trader into a leader in electrical manufacturing.

 Polycab offers a comprehensive range of electrical products designed for residential, industrial, infrastructure, renewable energy, and technology applications. Core Product CategoriesWires and Cables: Flexible Wires, Building Wires, Control Cables, LV and MV Power Cables, Instrumentation Cables, Optical-fibre Cables, EHV Power Cables, Solar Cables, Rubber Cables, Communication and Data Cables, and Special Purpose Cables.

Fast-Moving Electrical Goods (FMEG): Fans (ceiling, table, wall, pedestal, exhaust, air circulator, Farrata), LED Lighting (bulbs, downlights, panel lights, battens, outdoor lights, rope and strip lights), Home Appliances, Water Heaters, and Conduits. Switches and Switchgear: MCBs, RCCBs, RCBOs, Isolators, ACCLs, MCB Changeover Switches, Distribution Boards, and high-performance switches.Solar Products.

Solar DC and AC Cables, Solar PV Modules (DCR and NON-DCR), Mono PERC Modules (including bifacial), Solar On-grid Inverters (ranging from 2 kW to 350 kW), and other products supporting rooftop, commercial, and utility-scale solar projects.Other Solutions.

Lighting and luminaires for smart and sustainable building solutions, chemicals, pipes, fittings, accessories, digital technology-integrated products, and resource-optimised EPC (Engineering, Procurement, Construction) project solutions. Industry Verticals ServedResidential and Household NeedsIndustrial and ManufacturingInfrastructure, Transport, and Real EstateEnergy, Telecom, Defence, Oil, and Renewable and Solar PowerPolycab’s products are widely recognised for quality, technology integration, and sustainability, offering safety, efficiency, and compliance with global standards

Polycab reported a consolidated turnover (revenue) of over ₹224 billion (₹22,400 crore) in the financial year ending 2025, achieving record-breaking revenue and profitability in the Indian electrical industry. The company has consistently surpassed its ambitious growth targets set through its Project LEAP initiative, moving well ahead of schedule in FY 2024-25.Latest Turnover Figures 2024-25 revenue

Over ₹224 billion (₹22,400 crore). The company reported half-year revenues surpassing ₹120 billion (₹12,000 crore) for the first half of FY 2025-26, with strong YoY growth. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for H1 FY26 were ₹18,784 million (₹1,878.4 crore).Net WorthWhile the most recent net worth (shareholders' equity) figure is not directly stated,

Polycab’s market capitalisation crossed ₹1.13 trillion (₹1,13,311 crore) as of late 2024, and the company is recognised for being one of the most valuable entities in India’s electrical and cable industry. The company’s profitability also remains high, with profit after tax consistently growing and margins improving year-on-year. These achievements highlight Polycab’s strong market presence and sound financial health as it continues to lead India’s electrical products industry.