What we do Finolex Cables Ltd is India's leading manufacturer of electrical and telecommunication cables and fast-moving electrical goods including fans, switches, and home appliances. |
Founded in 1,958 |
Market share Largest player in electrical cables market in India with strong brand presence and pan-India distribution network. |
Problem solved Provides reliable wiring and electrical solutions essential for residential, industrial, and infrastructure applications ensuring safety and efficiency. |
Top clients or who we serve Serves infrastructure, construction, communication sectors, retail consumers; caters to B2B and B2C markets across India and exports to select markets. |
Key management Ratnakar Barve (Chairman, Whole Time Director) with deep industry experience. |
Our journey and innovations Founded in 1958; pioneered continuous cast copper rods production; diversified into high voltage cables, smart electrical products, and expanded capacities steadily. |
Where we operate Domestic stronghold in India with exports mainly to select international markets. |
Top products or what we offer Electrical cables, communication cables, copper rods, switchgear, fans, LED lamps, water heaters, and smart electrical devices. |
Top brands Finolex (cables), Finoglow (CFL lamps), Finolex J-Power (high voltage cables JV) with strong market recognition and growth. |
Raw materials needed Copper rods, PVC, aluminium, and additives for cables and electrical products. |
Raw materials supplier In-house manufactured continuous cast copper rods, supplemented by external suppliers for polymers and metals. |
Recurring vs cyclical contribution Revenue is largely recurring from long-term electrical infrastructure and consumer electrical goods demand. |
Our industry position Market leader in cables with strong position in electrical consumer products, recognized for quality and innovation. |
Financial highlights FY 2024-25 revenue Rs 5319 crore, net profit Rs 701 crore, consistent growth with healthy margins and strong cash flows. |
Geographical revenue split Over 98% revenue from India, with exports contributing under 1% of total revenue. |
Order book JV Finolex J-Power Systems has order backlog of approximately Rs 300 crore for FY 2025-26. |
Whats driving growth Infrastructure expansion, renewable energy projects, urbanization, and increasing electrification drive growth. |
Our future plans Capex of Rs 500 crore to expand cable capacity and optic fiber production, plus growth in home appliances segment. |
Our green promise Committed to sustainability with solar power plants and energy-efficient product lines. |
Our people and values Around 1,594 permanent employees, strong focus on ethics, safety, and employee development. |
Key challenges ahead Commodity price volatility, competition, and execution of large expansion projects. |
Interesting facts First Indian cable manufacturer to produce continuous cast copper rods in-house; broad product diversification over decades. |
Risks and strategy Risk of raw material price fluctuations mitigated by backward integration and price adjustments; focus on product innovation and expanding premium consumer segments. |
