Latest news with #PolycabIndiaLimited
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.
&w=3840&q=100)
Business Standard
06-05-2025
- Business
- Business Standard
Polycab Q4 result: Net profit rises 34% to ₹730.3 crore, dividend declared
The board of directors of the company proposed a final dividend of ₹35 per equity share New Delhi Polycab India Limited on Tuesday reported a consolidated net profit of ₹730.3 crore for the quarter ended on March 31, 2025 (Q4 FY25). This marks a 34.3 per cent rise year-on-year (Y-o-Y) from ₹544 crore. Polycab's revenue from operations rose to ₹6985.8 crore from ₹5591.9 crore in Q4 FY24. The board of directors of the company proposed a final dividend of ₹35 per equity share. Shares of Polycab India were up 3 per cent at ₹5,970.5 apiece at 1.40 pm on the BSE on Tuesday following the release of the company's fourth quarter results.
Business Upturn
06-05-2025
- Business
- Business Upturn
Polycab India Q4 results: Revenue up 25% to Rs 6985.7 crore, Net profit rises 32.8% YoY
Polycab India Limited reported strong financial results for the quarter ended March 31, 2025, with consolidated net profit rising 32.8% year-on-year (YoY) to Rs 734.36 crore, compared to Rs 552.47 crore in the same quarter last year. The growth in profitability was supported by robust revenue and effective cost management. The company's revenue from operations for Q4 FY25 stood at Rs 6,985.8 crore, marking a 25% increase from Rs 5,591.9 crore reported in Q4 FY24. Total income for the quarter came in at Rs 7,033.86 crore. Total expenses rose to Rs 6,073.31 crore during the quarter, driven by an increase in material costs and employee benefit expenses. Despite the rise in expenses, Polycab maintained a healthy operating margin. For the full financial year FY25, revenue from operations stood at Rs 22,408.3 crore, up from Rs 18,099.4 crore in FY24, while net profit for the year rose to Rs 2,045.57 crore from Rs 1,802.79 crore. The company's strong growth comes amid increased demand in the cables and wires segment, along with the continued push for infrastructure and housing development across India. Polycab India delivered a robust performance in Q4 FY25, reporting a consolidated net profit of Rs 7,300 crore, a 33% year-on-year surge from Rs 5,500 crore, driven by strong operational efficiency and sustained demand. The company achieved a major milestone with its annual revenue rising 24% YoY to surpass Rs 22,000 crore, exceeding its Project Leap FY26 revenue target of Rs 20,000 crore a full year ahead of schedule. Additionally, Polycab declared a dividend of Rs 35 per share, reflecting its strong cash position and commitment to shareholder returns. Performance was notably better both YoY and QoQ, highlighting continued growth momentum. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
