Latest news with #InderJaisinghani
India.com
4 days ago
- Business
- India.com
Meet man, born in a Mumbai chawl, quit school at 15, built Rs 1010000000000 company; his business is..., net worth is Rs...
Inder Jaisinghani (File) Building a successful business from scratch while battling crushing poverty is undoubtedly a cumbersome task which only a handful of people can boast to have accomplished in India. One such shining example is the inspiring story of Inder Jaisinghani, the Chairman and Managing Director (MD) of Polycab India Limited, who was born in a humble Mumbai Chawl , spent his childhood in utter poverty, yet through sheer hard work and dedication, turned a small shop in a major business empire which is currently valued at a whopping Rs 101 , 000 crore. Who is Inder Jaisinghani? Born in a low-income household in Mumbai's Lohar Chawl, Inder Jaisinghani spent most of his childhood battling crippling poverty and things got worse after the death of his father, which forced him to drop out of school at the age of 15, and shoulder the burden of the family's responsibilities at a tender age. However, unfazed by the overwhelming odds, Inder Jaisinghani was determined to change his circumstance in life and started out by helping run the family business, Polycab, which at the time was a small electric goods shop in Lohar Chawl. Over the years, Inder applied his exceptional business acumen to transform Polycab from a tiny shop to the largest wire and cable manufacturing firm in India. In 1997, Jaisinghani took over as the Chairman and Director of Polycab, and under his leadership, the company ventured into new markets, and soon became a leading name in the cable manufacturing sector. How Polycab became a Rs 10,000 crore giant? Under Inder Jaisinghani, Polycab, which started out as a small-time trading firm in 1986, has today become the leading cables and wires company in India, valued at a whopping 101,000 crore. In 2008, International Finance Corporation, the private equity arm of the World Bank, picked up a stake in Polycab, and in 2014, the company expanded its product catalog, and started manufacturing items like electric fans, LED lighting, switches and switchgear. Polycab became a publicly-traded company in 2019, and currently has 28 manufacturing plants across India and exports its products to 79 countries. Once a small shop, Polycab has witnessed stunning growth in the last 50 years under the leadership of Inder Jaisinghani. Inder Jaisinghani net worth Polycab Chairman, Inder Jaisinghani, who began his journey from a slum in Mumbai, is now one of the richest individuals in India, with a net worth of $2.1 billion (about Rs 181618322970), making him one of richest industrialists in the country, according to Forbes. Apart from his business acumen, Jaisinghani is also renown for his charity and works for the upliftment of the economically and socially downtrodden communities through Polycab's CSR initiatives. He is also a vehement supporter of the 'Make in India' initiative.
India.com
5 days ago
- Business
- India.com
Meet Man, Born In Mumbai's Lohar Chawl, Dropped Out Of School At 15 But Founded Rs 1,00,00,00,00,000 Giant - His Company Is India's Largest Manufacturer Of….; Find Out His Net Worth
photoDetails english 2936337 Inder Jaisinghani's journey from Mumbai's modest Lohar Chawl to leading a Rs 1,00,00,00,00,000 company is a true rags-to-riches story. Dropping out of school at 15 after his father's death, he took over his family's small electrical business, which eventually became Polycab India Ltd.—India's largest wire and cable manufacturer. Updated:Jul 24, 2025, 06:17 PM IST A Humble Beginning in Mumbai 1 / 8 Inder Jaisinghani's journey starts in the crowded lanes of Lohar Chawl, Mumbai. Born into a modest family, life took a sharp turn after his father's death. At just 15, he dropped out of school to support the family business — a decision that laid the foundation for an extraordinary future. Teenage Dropout With Sharp Business Instincts 2 / 8 Without formal education, Jaisinghani relied on street-smart business sense. His hands-on approach, ability to understand market trends, and commitment to customer satisfaction helped him grow the business steadily through the 1970s and 80s. Leading Polycab Into a New Era 3 / 8 In 1997, he was appointed Chairman and Director of Polycab. Under his leadership, the company diversified beyond wires and cables into electrical goods. By 2019, as Chairman and Managing Director, he took Polycab into high-growth areas including fans, lighting, switches, and smart home systems. From Family Shop to Manufacturing Powerhouse 4 / 8 Polycab's roots go back to 1964, when Inder's father founded Sind Electric Stores. A key turning point came in 1983 with the registration of Polycab Industries, followed by the launch of Polycab Wires in 1996. In the early 2000s, it expanded rapidly—adding products like PVC power cables, telephone wires, and more. A Strategic Leap into FMEG & Smart Tech 5 / 8 In the 2010s, Polycab entered the Fast Moving Electrical Goods (FMEG) segment—launching LED lights, switches, fans, and MCBs. In 2016, it partnered with Trafigura to build a copper rod plant. The company also ventured into IoT with its smart home solution, Polycab HOHM, in 2020. Polycab's Market Cap 6 / 8 A defining milestone came in 2024—Polycab's market capitalization crossed Rs 1 lakh crore. From a family-run business in Mumbai to becoming India's leading wire and cable manufacturer, Jaisinghani's leadership has built a globally competitive brand with strong investor confidence and consistent growth. Inder Jaisinghani's Net Worth 7 / 8 Jaisinghani's personal fortune reflects Polycab's stellar rise. In 2021, he was worth 3.4 billion dollars. By 2024, this grew to 8.6 billion dollars (Rs 7,25,88,51,50,000). Despite his billionaire status, he continues to focus on innovation, quality, and long-term growth. A Legacy Built on Grit and Vision 8 / 8 Inder Jaisinghani's rise from Mumbai's chawl to billionaire boardrooms is proof that determination and smart decision-making can rewrite destinies. Today, he leads a Rs 1 lakh crore company with global ambitions—while staying rooted in the values that shaped his early years. (Images Credit: @aditya_kondawar/X, @ForbesIndia/X, @NSEIndia/X)
