In 1968, Polycab began selling cables in Mumbai
Polycab's retail success in Mumbai allowed them to open a factory in the city in 1972, making Low Voltage Cables. Soon, Mumbai evolved as a city that never experienced power cuts.
A unit was set up in Andheri, one of Mumbai's popular suburbs in order to manufacture more Low Voltage Cables.
Polycab managed to prove itself as a highly reliable brand and was granted permission to expand its business. In 1984, a larger unit was set up in Halol, Gujarat, to produce Low Voltage cables.
Low Voltage Cable units were then set up in Daman.
Their success lead to an annual sale worth USD 8 Million (48 Core) and the company further expanded to manufacturing Building Wires and Flexible Wires in Daman.
Polycab set a new benchmark in the world of market leadership by crossing a turnover of USD 214 million (INR 1070 crores).
Became the epitome of market leadership in all segments with a turnover of USD 275 million (INR 1375 crores).
Polycab was valued at a whopping USD 1 billion after IFC invested USD 90 million (INR 400 crores).
Polycab established itself as India's No.1 Cable and Wire manufacturing company with a sales turnover of USD 900 million (INR 4350 crore) and an impressive market share of 22%.