Born in 1953, as the eldest of five children in a Sindhi family, Inder T. Jaisinghani’s life changed dramatically in 1968. At just 15 years old, he dropped out of school following the sudden death of his father, Thakurdas Jaisinghani, to take over Sind Electric Stores, a small electrical goods shop in Lohar Chawl, Mumbai.
With no formal training, Inder T. Jaisinghani had to learn the basics of retail management, including inventory control, negotiation, and market demands. His brothers soon joined him, and together they recognized the huge potential in India’s growing electrical wires and cables industry, fueled by rapid industrialization and urbanization. They expanded their business beyond mere retail trading and structured their operations. In 1983, they officially founded Polycab, which quickly became a key player in India’s electrical trading sector. Polycab’s reputation for quality services spread rapidly, propelling it to national leadership.
A visionary entrepreneur, Inder T. Jaisinghani realized that controlling production was crucial to ensure quality and reduce costs. In 1996, he established Polycab’s first manufacturing plant in Halol, Gujarat. This strategic move transformed Polycab from a distributor into a genuine industrial manufacturer, ensuring total control of the value chain.
But Jaisinghani’s ambitions extended beyond manufacturing. He understood that in order to expand internationally, Polycab needed a solid corporate structure. He restructured the company as a public limited company, allowing Polycab to raise funds from private investors. He also introduced strong corporate governance to attract institutional investors in the future. Polycab soon became one of India’s top manufacturers of electrical wires and cables.
As the market evolves, Inder T. Jaisinghan aims to internationalize Polycab and differentiate itself in higher value-added sectors. 2008 marked a strategic turning point. He established a joint venture with Nexans, a global leader in the electrical cable industry.
This partnership provided Polycab with advanced industrial expertise, allowing to differentiate itself in specialized sectors, such as marine, wind energy and railway cables.
Polycab shifted towards an integrated model (engineering, procurement, and construction), enabling the company to win new contracts and sustain long-term growth. Continuing its diversification strategy, Inder T. Jaisinghani expanded Polycab’s product range to meet the increasing demand for complete electrical solutions, introducing electric fans, LED lighting, switches, switchgear ...
Through this transformation, Polycab became a key player in the energy sector, combining technological innovation with sustainable growth.
In 2019, Polycab went public, listing on both the NSE and BSE to accelerate its development. The 2019 IPO accelerated its expansion and innovation under the strategic leadership of Inder T. Jaisinghani.
Beyond benefiting Polycab, this move contributed to India’s industrialization and local production, aligning with the government’s “Make in India” initiative. By attracting capital, the company was able to invest heavily in factories and new technologies, driving innovation and energy efficiency in India while creating thousands of jobs (direct and indirect).
Since its April 2019 stock market debut, Polycab India Limited has experienced remarkable growth. In March 2025, the stock price reflects a total growth of approximately 700% since the IPO.
Inder T. Jaisinghani is also known for his commitment to his employees. The company’s emphasis on cutting-edge technologies and training programs enables employees to develop key skills, and the company’s ongoing expansion offers strong career prospects and stability to its employees.
Understanding his corporate social responsibility, Jaisinghani actively supports Polycab’s CSR initiatives, focusing on uplifting underprivileged communities. By integrating these values into Polycab’s corporate culture, he encourages employees to engage in philanthropic efforts, strengthening their sense of purpose and positive societal impact.
Despite his immense success, Inder T. Jaisinghani maintains a humble and reserved approach, avoiding media attention. He prefers to focus on his company and employees rather than personal publicity.
His pragmatic leadership, combined with his long-term strategic vision, has made Polycab a global player and a dominant force in India’s electrotechnical industry.
At 71, Inder T. Jaisinghani is an Indian entrepreneur, founder, and CEO of Polycab, a leading manufacturer of wires, cables, and electrical equipment in India.
His fortune is estimated at $8.6 bn.
(source: Forbes, january 2025)
"Sustainable success is built on a clear vision, innovation, and an unwavering commitment to quality"
IN A FEW FIGURES :
Headquarter in Gujarat
Founded in 1983
Presence in over 79 countries worldwide, with 28 factories and 29 warehouses in India
2024 Revenue : $2.1 bn
Market cap : $11.5 bn
Largest wire and cable manufacturer in India, holding a 26% market share
ELECTRONICS SECTOR IN INDIA
The wires and cables sector in India is experiencing strong growth, driven by rapid industrialization, urbanization, and government initiatives such as «Make in India».
