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POLYCAB
Mid Cap | Cables
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About Polycab India
History of Polycab India Limited
Incorporated in 1996, Polycab India Limited is involved in the manufacturing of wires, cables and other Fast-Moving Electric Goods (FMEG) products, such as lighting, fans, luminaires, switches, switchgear and small domestic appliances. In 1983, the Jaisinghani family formed a partnership firm, Polycab Industries, to manufacture wires and cables. In 1996, they established Polycab Wires Private Limited in Mumbai. Later, in 2011, Polycab Industries amalgamated with Polycab Wires Private Limited. In 2018, the company’s name was changed to Polycab India Limited. In 2019, Polycab India Limited released its IPO and got listed on the NSE and BSE. As of March 2023, Polycab India Limited has 25 manufacturing units located in Maharashtra, Tamil Nadu, Uttarakhand, Union Territory of Daman and Gujarat, and 23 warehouses and depots in India. They have more than 4,300 authorised distributors, and their products are available in more than 2,05,000 retail outlets. They even serve international customers in North America, South America, Asia, Europe, Australia and Africa.Business Segments of Polycab India Limited
The 3 primary business segments of the company are as follows:- Wires and Cables (W&C): This is the main business segment of the company. They manufacture and sell a wide range of wires and cables, such as energy cables, special cables and communication cables, Polycab wires and Etira wires. These are for both retail and industrial purposes. They serve a comprehensive range of customers across various industries.
- FMEG: Under this segment, the company manufactures lighting, fans (ceiling fans, table fans, pedestal fans, wall fans, exhaust fans, air circulator fans, etc.), luminaires, switches, switchgear and several other domestic appliances, such as water heaters, irons, coolers, etc. This business was started in FY 2014. They offer a wide range of products at different price points. Through their brand, Hohm, they offer LED Lighting and smart automation solutions for fans and ACs.
- International Business: Under this segment, the company delivers the best electric products and solutions to international customers.
- Silvan Innovation Labs Private Limited: This wholly-owned subsidiary of Polycab India Limited is a technology company that provides cutting-edge automation offerings for offices, homes, banks, hotels, retail outlets, etc.
- Polycab Australia Pty Limited: This is a wholly-owned subsidiary of the company that is involved in the business of trading electrical wires and cables, consumer electrical goods and optical fibre cables.
- Polycab Support Force Private Limited: This wholly-owned subsidiary of Polycab India Limited offers staffing solutions.
Key Personalities of Polycab India Limited
Inder T. Jaisinghani, Managing Director and Chairman Inder T. Jaisinghani has been the Chairman and Managing Director of Polycab India Limited since August 28, 2019. He has been associated with the company since its inception. He was the Chairman and Director of the company from December 20, 1997. He plays an important role in various company functions, such as Strategy and Planning, Sales and Marketing, Administration and Management, Operations, Governance, Finance and Support.Parent Organisation
Indian Private
Managing Director
Inder Thakurdas Jaisinghani
Founded
1996
NSE Symbol
POLYCAB
Community Discussion
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AngelOne
10th July 2024
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AngelOne
10th July 2024
Polycab India Ltd-latest-market-updates-24541
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Polycab India Ltd FAQs
What is the share price of Polycab India Ltd (POLYCAB) shares?
Polycab India Ltd (POLYCAB) share price as of July 26, 2024, on NSE is Rs 6545 (NSE) and Rs 6545 (BSE) on BSE.
Can I buy Polycab India Ltd (POLYCAB) from Angel One?
Yes, You can buy Polycab India Ltd (POLYCAB) shares by opening a Demat account with Angel One.
How do I buy Polycab India Ltd (POLYCAB) from Angel One?
Polycab India Ltd (POLYCAB) share can be bought through the following modes:
1. Direct investment: You can buy Polycab India Ltd (POLYCAB) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Polycab India Ltd (POLYCAB) shares.
1. Direct investment: You can buy Polycab India Ltd (POLYCAB) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Polycab India Ltd (POLYCAB) shares.
What is the main business of Polycab India?
The main business of Polycab India is to produce cables, wires, and other allied products, including PVC conduits, glands, and lugs. It also manufactures consumer electrical products, such as fans, switchgear, switches, solar inverters, LED lights and luminaries, and solar pumps.
Who are the promoters of Polycab India?
Some of the promoters of Polycab India are Inder T Jaisinghani, Ajay T Jaisinghani, Ramesh T Jaisinghani, Girdhari Thakurdas Jaisinghani, Kunal Inder Jaisinghani, Bharat Jaisinghani, Nikhil Ramesh Jaisinghani, Inder Thakurdas Jaisinghani / Meena Inder Jaisinghani (Inder Shikha Trust), and Girdhari Thakurdas/Raju Girdhari Jaisinghani (Girdhari Reshma Trust).
What are the Subsidiaries that comes under Polycab India?
Some of the main subsidiaries that come under Polycab India are Tirupati Reels Private Limited, Silvan Innovations Labs Private Limited, Dowells Cables Accessories Private Limited, Polycab Australia Pty Limited, Uniglobus Electricals and Electronics Private Limited, Polycab Support Force Private Limited, Polycab USA LLC, and Steel Matrix Private Limited.
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