Latest news with #PolycabIndiaLtd.
India.com
7 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)
Business Insider
20-07-2025
- Business
- Business Insider
Citi Sticks to Its Buy Rating for Polycab India Ltd. (POLYCAB)
In a report released today, Ashish Kanodia from Citi maintained a Buy rating on Polycab India Ltd., with a price target of INR8,600.00. The company's shares closed last Friday at INR6,926.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Kanodia covers the Consumer Cyclical sector, focusing on stocks such as Aditya Birla Fashion and Retail Limited, Devyani International Ltd., and Jubilant Foodworks Limited. According to TipRanks, Kanodia has an average return of 4.3% and a 41.67% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Polycab India Ltd. with a INR6,468.86 average price target, which is a -6.60% downside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a INR8,428.00 price target. The company has a one-year high of INR7,607.15 and a one-year low of INR4,557.45. Currently, Polycab India Ltd. has an average volume of 17.34K.
Business Insider
20-07-2025
- Business
- Business Insider
Polycab India Ltd. (POLYCAB) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Girish Achhipalia maintained a Buy rating on Polycab India Ltd. today and set a price target of INR8,428.00. The company's shares closed last Friday at INR6,926.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Achhipalia is ranked #4930 out of 9841 analysts. Currently, the analyst consensus on Polycab India Ltd. is a Moderate Buy with an average price target of INR6,468.86. Based on Polycab India Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR69.86 billion and a net profit of INR7.27 billion. In comparison, last year the company earned a revenue of INR55.53 billion and had a net profit of INR5.46 billion
