Born in Mumbai’s Lohar Chawl and forced to quit studies at 15 due to family responsibilities, Inder Jaisinghani rose from a life of struggle and limited means to build a remarkable success story through sheer hard work and determination.
In 1968, he started the Polycab company along with his brothers. They began this venture from a small garage. Initially, the company made only electrical cables and wires, using limited capital and resources.
The beginning was not easy. Lack of money, market competition, and resource problems always arose. However, Jaisinghani focused on quality and gradually made his mark in the local markets.
Over time, Polycab expanded its product range. Today, the company manufactures not only cables and wires but also a variety of products such as switches, LED lights, fans, solar products, and switchgear, which are in demand across different sectors.
In 2008, the World Bank’s equity firm, International Finance Corporation, which invests in stock market companies, bought a stake in Polycab.
Today, the market value of Polycab India has increased significantly. As of August 19, 2025, its market capitalisation reached Rs 1,07,864.97 crore. Since the company was listed on the stock market in 2019, its value has risen rapidly. On the same date, Havells’ market cap was Rs 98,251.89 crore.
According to Forbes India, 72-year-old Inder Jaisinghani’s total wealth is around $8.6 billion (about Rs 75,000 crore). In 2022, it was just $3.35 billion. In his personal life, he values simplicity and hard work. He prefers to live a simple life and is wholly dedicated to his family. He believes that ethics and quality are the real keys to long-term success.
He also contributed greatly to the technological advancement of Polycab. Modern manufacturing units and research centres were established, further improving the quality and functionality of the products.
Polycab India has 27 manufacturing plants spread across different parts of India. The company exports its products to more than 84 countries, including cables and wires for sectors such as solar, electronics, defence, infrastructure, and real estate.
