Polycab India Limited is an ISO 9001, ISO 14001 and OHSAS 18001 certified company involved in manufacturing and distribution of wires, cables and fast moving electrical goods (“FMEG”) under the brand name “Polycab”.
As on 31st March 2018, the company has well-established dealers and distributors network across India including 3,300 approved dealers that supply across 100,000+ retail outlets.
It has 24 manufacturing facilities across Gujarat, Maharashtra, Uttarakhand and Daman and Diu.
Date of Incorporation: The Company was initially incorporated as “Polycab Wires Private Limited” on 10th January 1996 at Mumbai. Eventually, It was reformed to a public company “PolyCab India Limited” on 29th August 2018.
Promoters of the Company: Mr Inder Jaisinghani, Mr Ajay T.
Jaisinghani, Mr Ramesh T. Jaisinghani and Mr Girdhari T. Jaisinghani are the promoters of Polycab India Limited.
Products and Service Offerings: The Company offers a wide range of wires, cables and electronic product including electric fans, LED lighting & luminaire, switches & gears, solar products, conduits and accessories.
Customer Segments: It directly sells its product to direct customers including power utilities and institutional customers such as developers of residential and commercial building projects and OEMs, L&T Construction and government clients across India.
Objects of the Offer: The main objectives of Polycab India Limited are:
- Repayment of borrowings made by the company either wholly or partly.
- Financing working capital requirements.
- General Corporate Expenses.