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About the Company
Incorporated in 1996, Mumbai-based Polycab India Limited is engaged in the manufacturing, selling, and distribution of wires, cables, and fast-moving electrical goods (FMEG) such as solar products, luminaires, LED lighting, electric fans, and switchgear, and it also operates in the EPC business. The company entered the EPC segment in 2009 and the FMEG segment in 2014, and as of March 31, 2018, it had over 3,300 authorized dealers and distributors, around 1,00,000 retail outlets, 24 manufacturing facilities, and 29 warehouses across India, supported by a strong sales and marketing network comprising a corporate office, three regional offices, and 20 local offices. In FY2018, Polycab held nearly 18% market share in the organized wires and cables industry and about 12% of the overall wires and cables market in India. In 2016, the company entered into a joint venture with Trafigura to set up a copper wire rod manufacturing facility at Waghodia, India, with an expected annual capacity of 2,58,620 MT to strengthen backward integration. Polycab has exported products to around 40 countries, with exports contributing 5.14% of total revenue in FY2018, and during FY2016–FY2018, its total income, EBITDA, and profit grew at a CAGR of 14.31%, 23.80%, and 41.69%,