What we do Polycab India Limited is a top Indian manufacturer of wires, cables, and fast-moving electrical goods (FMEG), also engaging in EPC power projects. |
Founded in 1,996 |
Market share Market leader with 26-27% share in India’s organized wires & cables segment. |
Problem solved Provides high-quality electrical components and solutions essential for power transmission, infrastructure, and domestic electrical needs. |
Top clients or who we serve Serves B2B clients like L&T Construction, government bodies, industrial sectors, and B2C customers nationally and internationally. |
Key management Inder T. Jaisinghani (Chairman & Managing Director), Gandharv Tongia (Executive Director & CFO). |
Our journey and innovations Founded in 1996, diversified into FMEG in 2014, launched innovative IoT-enabled products, expanded manufacturing, and globally integrated operations. |
Where we operate India-wide presence with exports to U.S., Australia, and other international markets. |
Top products or what we offer Wires & cables, electric fans, LED lighting, switches, solar products, and electrical EPC solutions. |
Top brands POLYCAB (Market leader in wires & cables, growing FMEG portfolio including Polycab Purocoat fans, Evina and Levana Plus switches). |
Raw materials needed Copper, aluminium, PVC compounds, steel, and raw materials for electrical accessories. |
Raw materials supplier Supplies include domestic and global sources; owns copper wire rod manufacturing facility for backward integration. |
Recurring vs cyclical contribution Majority recurring revenue from manufacturing; EPC and FMEG show some cyclicality. |
Our industry position Largest Indian wires & cables manufacturer with fastest growing FMEG; leader in organized electrical manufacturing market. |
Financial highlights FY 2024-25 revenue ₹219 billion, PAT ₹20 billion; 24% YoY revenue growth, 13.2% EBITDA margin. |
Geographical revenue split ~94% domestic revenue, ~6% from international markets including U.S. and Australia. |
Order book Robust supply chain and major EPC project contracts supporting growth. |
Whats driving growth Infrastructure investments, renewable energy projects, real estate boom, technology innovation, and strategic capacity expansion. |
Our future plans Project Spring aims to invest ₹60-80 billion over 5 years, scaling FMEG, exports, digitization, and ESG initiatives. |
Our green promise ESG roadmap targeting renewable energy usage, water recycling, diversity, safety, and sustainable governance. |
Our people and values Strong employee base with focus on diversity, leadership development, and ethical culture. |
Key challenges ahead Raw material price volatility, global economic uncertainties, and competitive market dynamics. |
Interesting facts First in Indian electrical industry to cross ₹200 billion revenue; launched country’s first 4-in-1 protection fans. |
Risks and strategy Commodity price fluctuations mitigated via hedging; expanding backward integration and diversified product portfolio to reduce risks. |
