Amplifying performance.
Powering change.
In FY23, we continued our transformation
journey.
Powering change.
We executed our Project LEAP strategy and delivered on our plans. Our initiatives related to our strategic themes are well underway, and we have reaffirmed our commitment to becoming a sustainable organisation in FY23. While we have a long road ahead, we are making progress towards achieving our targets and becoming a stronger, more sustainable organisation
Customer Centricity
Redefined our operating model to adopt a more cross-functional and service-oriented approach, with the aim of delivering a superior customer experience
Go-to-Market Excellence
Broad-based expansion of the distribution network, including into the hinterlands of India
Accelerating our Sustainability Agenda
Innovating for an impactful, equitable, and better tomorrow by driving inclusive growth in the long term
Setting up of Organisation Enablers
Transforming ourselves into a digital-first organisation
Winning with New Products
Devising a portfolio roadmap and increasing our presence across price points to cater to the complete spectrum of customers
Who We Are
Polycab India Limited is India’s largest integrated manufacturer of wires and cables, and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry
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Wires and Cables (W&C)
We are India’s dominant manufacturer and seller of a varied range of wires and cables for retail and industrial use, catering to a diverse customer base across a wide range of industries
₹125,369 Mn
W&C REVENUE
FMEG
Our FMEG business, which commenced in FY14, is a high-growth segment. It features a growing product mix across different price points that caters to the complete spectrum of customers
₹12,512 Mn
FMEG REVENUE
International Business
Our international business delivers superior electrical products and solutions, tailored to meet the everchanging demands of our valued customers
₹13,835 Mn
INTERNATIONAL BUSINESS REVENUE
Message from the Chairman and Managing Director
“We continued to deliver a strong performance in FY23, registering the highest-ever revenue and PAT in the history of our Company. This was achieved on the back of the healthy volume growth in the Wires and Cables business”
Inder T. Jaisinghani
Chairman & Managing Director
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Gandharv Tongia
Executive Director and CFO
We cemented our position as the market leader with our focus on quality, innovation, and brand recognition that differentiates us from our peers in the Wires and Cables industry. Our strong distribution network and diverse product offerings make us the preferred choice for customers
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We have a clear focus on establishing ourselves as the preferred provider of cable and wiring solutions in key geographies. We strive to achieve this by delivering high-quality products, exceptional customer service, and innovative solutions that cater to the unique needs of our customers
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At Polycab, we are implementing a multi-faceted approach to expand our FMEG business and achieve growth. Our goal is to redefine our value proposition to customers, empowering them to adopt a modern lifestyle that places safety and convenience at the forefront
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The Industries We Serve
We are a business charting an exciting course based on sustainability, experience transformation, and technological innovation. Our comprehensive range of products and adherence to the highest customer value proposition enables us to enrich our customers' lives
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How We Create Value
Accelerating our Sustainability Agenda
We have advanced in our sustainability journey and aligned ourselves more closely with our stakeholders. In FY23, we prioritised our material issues and identified strategic enablers and objectives
Environmental Stewardship
Climate change and energy
Water
management
Waste
management
Social Inclusion
Health and safety
Diversity and inclusion
Employee training
Responsible supply chain
Corporate social responsibility
Governance and Ethics
Corporate governance, ethics, and transparency
Data privacy and cyber security
ESG Policies and Initiatives
ESG-related policies, procedures, and code aligned with global frameworks and standards which underpin our ESG initiatives
Validation and Evaluation
- Robust sustainability governance
- Informed by stakeholder dialogue
- Guided by sustainability rating and ranking
Stakeholder Value Creation
Long-term sustainable growth
Alignment with Intergovernmental Instruments
- India's Nationally Determined Contributions (NDCs)
- Paris Agreement
Impacting Communities
Creating a positive impact on society
Our materiality assessment helps us evaluate ground realities, better understand the external environment, and align our priorities in a pragmatic way. These periodic evaluations enable us to authenticate our business model and make informed decisions to maximise value creation
Economic
Environment
Social
Governance
Value Created for Stakeholders
Superior stakeholder returns through optimal utilisation of resources
23.5%
Dividend payout ratio
Best-in-class products and services
99.7%
Customer complaints resolved
Protecting and nurturing our employees
67,000+
Total training hours
Creating an inclusive ecosystem for partners
70%+
Sustainable sourcing
Empowering beneficiaries through our CSR activities
100,000+
Lives impacted
Minimising our impact on the environment
17%
Contribution of renewable electricity to total electrical consumptionGovernance at Polycab
Our culture, policies, and interactions with our stakeholders are reflective of the values we uphold in our corporate governance. Our corporate governance practices and performance depend heavily on integrity and transparency, which also helps us consistently win and keep the trust of our stakeholders
- Review organisational progress and continuously evaluate our strategic priorities relating to changing dynamics and opportunities
- Focus on becoming future-ready
- Formulate ESG framework and targets
100%
Attendance by the Board of Directors4
Board meetingsRisk Management
A dynamic operating environment brings with it inevitable internal and external risks. Our rigorous approach prepares us to adapt to contingencies and stay ahead of the curve
