What we do Ultracab (India) Ltd manufactures and exports wires and PVC cables, serving clients globally with a focus on power, control, mechanical, auto, and special cables. |
Founded in 2,007 |
Market share Strong presence in India and global markets including UK, UAE, Africa, Singapore, Uganda, supported by approval from major government and large private sectors. |
Problem solved Provides high-quality cables meeting diverse industrial and infrastructure needs, addressing global demand for reliable power and control cabling solutions. |
Top clients or who we serve Serves government entities, large public and private sector industries across India and international markets; primarily B2B. |
Key management Nitesh Parshottambhai Vaghasiya (Chairman cum Managing Director), Pankaj Vasantbhai Shingala (Whole Time Director), Pravin Pansuriya (CFO). |
Our journey and innovations Founded in 2007, expanded manufacturing capabilities twice, installed high-tech machinery and solar power systems, growing product range to over 1300 cable products. |
Where we operate India (manufacturing base) with exports to UK, UAE, Africa, Singapore, Uganda, and other international markets. |
Top products or what we offer Power cables, control cables, mechanical cables, automotive cables, and special cables tailored for infrastructure and industrial applications. |
Top brands - |
Raw materials needed Copper, PVC, insulating materials and other raw components for cable manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely driven by project orders and infrastructure growth, showing both recurring and cyclical characteristics. |
Our industry position Recognized player with consistent growth; credit rating improved to IVR BBB-/Stable, reflecting stronger financial discipline. |
Financial highlights Revenue Rs. 239.4 Cr (FY 2024-25), up 93%, PAT Rs. 9.72 Cr, up 63%, reflecting strong operational growth and profitability. |
Geographical revenue split - |
Order book - |
Whats driving growth Rising infrastructure development, power transmission needs, export demand, and sector diversification drives growth. |
Our future plans Expand product portfolio, increase capacity, enhance global reach and invest in technology and sustainability. |
Our green promise Adoption of 490 kW rooftop solar power, ISO 45001:2018 certified health and safety systems, energy efficient machinery deployment. |
Our people and values Committed workforce focused on quality and sustainability. Training on safety and anti-harassment policies practiced. |
Key challenges ahead Maintaining supply chain efficiency, managing raw material costs, and expanding global market share amid competitive pressures. |
Interesting facts Solar power integration and continuous capacity expansion at Shapar facility illustrate commitment to technology and environment. |
Risks and strategy Monitors financial risks via internal controls; mitigation plans ongoing; strong Board oversight ensures risk management. |
