• Source:JND

It is often said that when a mountain of trouble falls upon someone, it is God giving that person an opportunity to become stronger and greater. In such times, some individuals forge themselves in the fire of hard work and struggle to such an extent that success eventually walks up to them. One such individual, tempered in this fire of hard work, is the 'Wire King' and the Chairman and Managing Director of India's largest wire company, Inder Jaisinghani.

There was a time when his family was extremely poor, but today the story is completely different. Although InderJaisinghani is now the MD of India's largest electronics—or rather, wire—company, he once had nothing. When he was 15 years old, his father passed away. This was nothing short of a shock for him. However, this was the moment he made himself strong. After his father's death, he dropped out of school and took over his father's 'Sind Electric Stores.' Later, this very store would write the story of India's largest wire company.

Childhood In Slums

Born into a poor family in Mumbai's Lohar Chawl, Polycab MD Inder Jaisinghani spent most of his childhood battling poverty. The situation worsened after his father's death, forcing him to leave school at the age of 15 and shoulder family responsibilities at a tender age.

However, undeterred by these difficult circumstances, Inder Jaisinghani made a firm resolve to change his life's trajectory. He began helping run the family business, Polycab, which was then just a small electrical goods shop in Lohar Chawl. Years later, using his brilliant business acumen, Inder transformed Polycab from a small shop into India's largest wire and cable manufacturing company. In 1997, Jaisinghani became the Chairman and Director of Polycab. Under his leadership, the company entered new markets and soon became a renowned name in the cable manufacturing sector.

A New Beginning In 1975 

In 1975, Inder Jaisinghani, along with his brothers, formed a partnership firm named 'Thakur Industries' in MIDC Andheri, Mumbai, to set up a factory for manufacturing cables and wires. In 1983, 'Polycab Industries' was registered as a small-scale industrial unit by the Directorate of Industries, Government of Gujarat. Subsequently, in 1996, the company was incorporated as Polycab Wires Private Limited in Mumbai.

The company grew steadily. By 1998, Polycab Industries established a facility in Daman for PVC-insulated power cables, house wires, telephone cables, optical fiber cables, switchboard cables, and quad cables. This marked a turning point, and in 2006, Polycab broke its own record, crossing the revenue milestone of INR 10,000 million.

Expansion Into The Switch Segment (2013)

The company continued to break record after record. In 2011, it crossed the revenue figure of INR 31,000 million. The year 2013 was a milestone for Polycab as the company entered the 'Switch' segment, opening its path into the FMEG (Fast Moving Electrical Goods) industry. The company expanded its scope into fans and LED lighting segments and also expanded its manufacturing facility for Miniature Circuit Breakers (MCB) in Nashik, Maharashtra. Polycab Chairman and MD InderJaisinghani played a pivotal role in all these developments.

Inder Jaisinghani’s Net Worth

After immense success, InderJaisinghani finally listed Polycab on the stock market in 2019. The company is listed on the BSE and NSE, and its Initial Public Offering (IPO) of Rs 13,450 million was subscribed 52 times over. Along with the company's growth, InderJaisinghani's net worth also soared. According to the Bloomberg Index, his current net worth is 7.96 billion dollars, which is approximately Rs 70,766 crore.

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Direct Competition With Adani And Birla

Polycab is currently India's largest company in this sector, but major players have now entered the market, ranging from Gautam Adani to Kumar Mangalam Birla. Gautam Adani's Adani Group officially entered the wires and cables business in March 2025 by forming a 50:50 joint venture, Pranita Ecocables Limited (PEL), with Pranita Ventures.

Meanwhile, the Aditya Birla Group officially stepped into the wires and cables business in early 2025 through its flagship company, Ultra Tech Cement. They invested Rs 1,800 crore to build a new plant in Gujarat, aiming to offer complete building solutions and capture more value in the construction supply chain by creating synergy with their existing construction materials portfolio (cement, paints).

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