BUSINESS
From a 15-year-old who was forced to give up on education and take over the responsibility of providing for the family over 5 decades ago, Inder Jaisinghani joined India's ever expanding list of billionaires in 2021.
Billionaire Inder Jaisinghani today commands a net worth of over Rs 9,000 crore. However, life remained a struggle for decades before the businessman and his brothers’ patience and perseverance bore fruit. Inder Jaisinghani is the chairman and managing director of Polycab India, leading electrical wires and cable company with a market cap of Rs 49,294 crore.
Jaisinghani’s story starts as a 15-year-old who was forced to give up on education and take over the responsibility of providing for the family after his father passed away in 1968. He took over the small electrical shop started by his father in Mumbai’s Lohar chawl. Together with his brothers Girdhari, Ajay and Ramesh, Inder began expanding the small family business.
In 1983, they founded the brand Polycab. They set up a small garage-like shop of 1,000 sq ft and experimented with wires. While his brothers focused on production, Inder went out taking care of sales and marketing of the business. After early struggle, they established a manufacturing unit in Gujarat’s Halol. Year by year, they grew their business and took the company from strength to strength.
A big milestone came in 2008 when World Bank’s private equity arm International Finance Corporation invested in Polycab and took a stake. The company expanded its product line to LED lighting, switches and electric fans in 2014. In 2019, the Jaisinghanis took the company public, leading to their worth skyrocketing. The Polycab stock got a tremendous boost from positive growth in the power sector in 2022. Inder Jaisinghani joined India's ever expanding list of billionaires in 2021.
Raima Sen mourns Bharat Dev Varma's demise, pens emotional note for 'great father, great husband'
DNA TV Show: Ahead of Maharashtra poll results, MVA, Mahayuti engage in resort politics
Maharashtra: Stage set for assembly poll results; Mahayuti, MVA confident of their victories
All set for vote counting in Jharkhand tomorrow; NDA, JMM-led alliances confident of winning
Watch: Australia star inquires Rishabh Pant about his next IPL team, gets 2-word reply
Shah Rukh Khan’s house Mannat was first offered to his industry rival…, but he refused because...
The Visionary Who Promises a Blue Sky for India: Holger Thorsten Schubart’s G20 Climate Speech
The Surge of High-End Living: Luxury Residential Market to Outpace Other Segments
FeFCon 2024 to be Held in Bangalore: A Premier Event on Fever Management
'That’s wild': Noida man turns cigarette butts into teddy bears in viral video, watch
London Airport evacuates passengers over security threat, thousands stranded
The World’s First Innovative Iron Supplement to Combat Iron Deficiency and Anaemia
Meet grandmother who became fashion icon after trying on her granddaughter’s clothes
IND vs AUS: Rishabh Pant joins Virat Kohli, Rohit Sharma in elite WTC list, becomes 3rd Indian to...
'All scripted drama...': Puneet Superstar allegedly assaulted by influencers in viral video, watch
Actress Ana de Armas caught kissing Cuban President Miguel Díaz-Canel’s son in viral photos
Oreshnik's Shadow: Will Russia's hypersonic missile force west to back down?
‘You’re So Beautiful’: World’s tallest woman meets world’s shortest woman over tea, pics go viral
Delhi-NCR Air Pollution: Consequences of GRAP-4 are drastic, may have adverse effects, says SC
Delhi-NCR Air Pollution: Schools likely to stay closed till..., check city-wise update
Maharashtra: 3 killed, 9 hospitalised after gas leak at fertiliser plant in Sangli
THIS farm is selling a cup of coffee for Rs 28000, but there's a twist, it is...
Chhattisgarh: 10 Maoists killed after encounter with security personnel in Sukma
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
IND vs AUS 1st Test: KL Rahul's dismissal sparks DRS controversy in Perth Test
Dense fog, heavy rain predicted in these states till November 25; check here
Oreshnik Hypersonic Missile: Which nations are within its range?
Bihar teacher, principal reach school in drunken state; know what happened next
'I have faced a lot of...': Arjun Kapoor REVEALS his biggest fear amid break up with Malaika Arora
How millions of Indians may get affected due to US indictment of Gautam Adani in bribery case
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says 'missing someone is okay but...'
After Bibles, watches and sneakers, Donald Trump is now selling autographed guitars, price is...
Delhi pollution: Air quality improves to ‘very poor’ category, AQI at...
Vladimir Putin's BIG threat, warns he could strike UK with new ballistic missile if...
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
Somebody misbehaved with Alia Bhatt on Highway sets then Imtiaz Ali had to...
Zomato CEO Deepinder Goyal reveals twist behind Rs 200000 job fee, closes application window
Days after Ratan Tata's demise, Tata Group's Rs 131000 crore company inks pact with ADB for...