Inder Jaisinghani is the Chairman and Managing Director of Polycab India Limited, a leading manufacturer and supplier of electrical wires, cables, and fast-moving electrical goods (FMEG). His journey from humble beginnings to leading one of India’s most successful companies is a testament to resilience, vision, and entrepreneurial acumen.
Early Life and Background
- Born: Inder Jaisinghani was raised in Mumbai, India, in the bustling commercial locality of Lohar Chawl, known for its trade and small businesses.
- At the young age of 15, Inder faced the sudden loss of his father, which forced him to drop out of school to support his family.
- His early exposure to trade and commerce in Lohar Chawl laid the foundation for his entrepreneurial career.
Founding Polycab
- 1970s: Inder and his brothers began their journey in the electrical goods trade, starting as distributors.
- 1986: Recognizing the demand for high-quality electrical products, the family established Polycab, initially as a trading company.
- Over time, Inder transitioned Polycab into manufacturing, focusing on delivering quality and innovative solutions in the electrical industry.
Expansion and Success
- Polycab grew from a small venture into India’s largest wire and cable manufacturer, serving over 70 countries globally.
- The company diversified into FMEG (Fast Moving Electrical Goods), offering products like fans, switches, lighting, and appliances.
- Polycab became a publicly listed company in 2019, with a strong market presence and revenue exceeding ₹12,000 crores annually.
Leadership and Vision
- Inder Jaisinghani’s leadership style is characterized by customer focus, commitment to quality, and innovation.
- He has been instrumental in positioning Polycab as a leader in the industry while maintaining a strong emphasis on sustainability and ethical business practices.
Achievements and Recognition
- Forbes India’s 100 Richest (2023): Inder Jaisinghani ranked among India’s wealthiest individuals.
- Recognized for his contributions to India’s manufacturing sector and aligning with the “Make in India” initiative.
Personal Life and Philanthropy
- Despite his immense success, Inder Jaisinghani maintains a low-profile lifestyle.
Legacy
Inder Jaisinghani’s journey is a story of perseverance and vision. Starting from modest beginnings, he built a global business empire while inspiring countless entrepreneurs to dream big and work relentlessly toward their goals.
