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Polycab Wires
4.0
based on 1.4k Reviews
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Company Overview
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Working at Polycab Wires
Company Summary
Polycab India Limited is a leader in Wire & Cables. The brand also has a wide range of switches, lighting, fans, and other electrical solutions for homes and commercial applications.
Overall Rating
4.0/5
based on 1.4k reviews
3% above
industry average
Highly rated for
Salary, Work-life balance, Skill development
Work Policy
Work from office
70% employees reported
Monday to Saturday
78% employees reported
Strict timing
59% employees reported
Within city
43% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
52 employees reported
Job/Soft skill training
49 employees reported
Office cab/shuttle
19 employees reported
Cafeteria
14 employees reported
View all benefits
About Polycab Wires
Founded in1996 (29 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitepolycab.com
Primary Industry
Other Industries
View in video summary
Polycab is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods ‘FMEG’ under the ‘POLYCAB’ brand. Apart from wires and cables, we manufacture and sell FMEG products such as electric fans, LED lighting and luminaires, switches and switchgear, solar products and conduits & accessories.
Our promoters collectively have more than four decades of experience among them. Our Company was incorporated as ‘Polycab Wires Private Limited’ on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956.
We manufacture and sell a diverse range of wires and cables and our key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires.
In 2009, we diversified into the engineering, procurement and construction ‘EPC’ business, which includes the design, engineering, supply, execution and commissioning of power distribution and rural electrification projects. In 2014, we diversified into the FMEG segment and our key FMEG products are switches and switchgear and conduits & accessories.
Our promoters collectively have more than four decades of experience among them. Our Company was incorporated as ‘Polycab Wires Private Limited’ on January 10, 1996 at Mumbai as a private limited company under the Companies Act, 1956.
We manufacture and sell a diverse range of wires and cables and our key products in the wires and cables segment are power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi core cables, communication cables and others including welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signaling cables, specialty cables and green wires.
In 2009, we diversified into the engineering, procurement and construction ‘EPC’ business, which includes the design, engineering, supply, execution and commissioning of power distribution and rural electrification projects. In 2014, we diversified into the FMEG segment and our key FMEG products are switches and switchgear and conduits & accessories.
Mission: We will demonstrate commitment by focussing on company objectives and the needs of our customers.
Vision: to innovate continuously and provide greater value to all
Polycab Wires Ratings
based on 1.4k reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
688
4
309
3
175
2
70
1
121
Category Ratings
3.8
Salary
3.8
Work-life balance
3.8
Skill development
3.7
Company culture
3.7
Job security
3.6
Promotions
3.6
Work satisfaction
Polycab Wires is rated 4.0 out of 5 stars on AmbitionBox, based on 1.4k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Polycab Wires
based on 1.3k reviews
4.1
Rated by 68 Women
Rated 4.0 for Company culture and 3.9 for Work-life balance
4.0
Rated by 1.2k Men
Rated 3.8 for Work-life balance and 3.8 for Salary
Work Policy at Polycab Wires
based on 213 reviews in last 6 months
Work from office
70%
Hybrid
26%
Permanent work from home
4%
Polycab Wires Reviews
Top mentions in Polycab Wires Reviews
+ 5 more
Compare Polycab Wires with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 1.4k reviews | 4.0/5 based on 3.3k reviews | 3.8/5 based on 622 reviews | 4.2/5 based on 736 reviews |
Highly Rated for | Skill development Work-life balance Salary | Work-life balance Salary | Work-life balance Job security | Salary Work-life balance Job security |
Critically Rated for | No critically rated category | No critically rated category | Promotions Salary | No critically rated category |
Primary Work Policy | Work from office 70% employees reported | Work from office 73% employees reported | Work from office 83% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 4.1 Good rated by 68 women | 3.7 Good rated by 130 women | 2.8 Poor rated by 9 women | 3.9 Good rated by 15 women |
Rating by Men Employees | 4.0 Good rated by 1.2k men | 4.0 Good rated by 3k men | 3.8 Good rated by 588 men | 4.2 Good rated by 687 men |
Job security | 3.7 Good | 3.7 Good | 3.8 Good | 3.9 Good |
View more
Polycab Wires Salaries
Polycab Wires salaries have received with an average score of 3.8 out of 5 by 1.4k employees.
Deputy Manager
(321 salaries)
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₹4.2 L/yr - ₹15 L/yr
Executive Engineer
(175 salaries)
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₹3.1 L/yr - ₹6.6 L/yr
Sales Executive
(115 salaries)
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₹1.8 L/yr - ₹5.2 L/yr
Sales Representative
(110 salaries)
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₹2.1 L/yr - ₹4.5 L/yr
Senior Engineer
(92 salaries)
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₹3 L/yr - ₹7.5 L/yr
Chief Manager
(90 salaries)
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₹9.4 L/yr - ₹30 L/yr
Production Engineer
(81 salaries)
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₹1.6 L/yr - ₹4.9 L/yr
Territory Sales Incharge
(74 salaries)
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₹3.8 L/yr - ₹8.5 L/yr
Business Development Manager
(56 salaries)
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₹4 L/yr - ₹13.5 L/yr
Sales Manager
(52 salaries)
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₹6.5 L/yr - ₹18 L/yr
Polycab Wires Interview Questions
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Polycab Wires News
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Polycab, KEI Industries, Havells May Face Tough Times Ahead, Say Brokerages
- The cables and wires sector, including companies such as Polycab, Havells, V-Guard, and KEI Industries, is expected to face challenging times ahead.
- Analysts predict slower growth and margin erosion for these companies, despite their historical strong performance.
- Investec has downgraded its valuation for Havells and V-Guard, while Jefferies has cut the target price for Polycab and KEI Industries.
- UltraTech Cements Ltd., a major player in the cement sector, plans to enter the cables and wires market, which adds to the competitive pressure.
Bloomberg Quint | 3 Mar, 2025
Polycab, RR Kabel, Finolex, KEI Industries, Havells: How UltraTech short circuited cable stocks
- The announcement of UltraTech Cement's entry into the cables and wires space caused a significant decline in the market value of cable stocks.
- Investors reacted negatively due to overall market weakness, high valuations of the sector, and learnings from the paints industry experience.
- Wire stocks have high price-to-earnings ratios despite a 21% correction in the past year, which made the negative news more impactful.
- Havells India, with its diversified portfolio, is better positioned to absorb the competition in the cable and wires segment.
HinduBusinessLine | 1 Mar, 2025
Cable Stocks Erode Rs 30,000 Crore In Market Cap On UltraTech's Foray Into The Sector
- UltraTech Cement Ltd.'s announcement of its entry into the wires and cables segment caused a market cap erosion of around Rs 30,000 crore for listed wires and cable players.
- Stocks like KEI Industries Ltd., Polycab India Ltd., and RR Kabel Ltd. witnessed significant declines following UltraTech's announcement.
- The negative stock reactions may also be linked to the Aditya Birla Group's foray into the paints sector with Birla Opus, impacting valuations across companies.
- UltraTech plans a capital expenditure of Rs 1,800 crore for its market entry, aiming to establish a plant in Bharuch, Gujarat by December 2026.
- With a current market size of Rs 80,000 crore, UltraTech targets addressing the building wire market first, which is around Rs 25,000 crore.
- Ambit estimates UltraTech could generate annual revenue of Rs 5,000–7,000 crore and EBITDA of Rs 400–800 crore from the cable venture in three–five years.
- The entry poses financial strain for UltraTech amidst existing investments; stock prices of cable companies, including Polycab and KEI, may see de-rating.
- Analysts foresee challenges in building a dedicated distribution network for the wires and cables business, impacting UltraTech's leverage and market positioning.
- Concerns arise about UltraTech's strategy to integrate building solutions with cements, paints, wires, and cables; potential overlaps and operational challenges are discussed.
- Expectations of revenue potential, competitive landscape shifts, and market reactions suggest a period of adjustment and valuation corrections for the cable industry.
Bloomberg Quint | 27 Feb, 2025
Polycab, KEI Industries, RR Kabel, Havells and Finolex Cables crash on UltraTech’s entry into cables & wires space
- UltraTech's entry into the cables and wires space resulted in a crash in the stock prices of Polycab, KEI Industries, RR Kabel, Havells, and Finolex Cables.
- Analysts anticipate a de-rating in valuation multiples for other players in the space. However, KEI, Polycab, and Havells are expected to remain bullish.
- Nuvama Institutional Equities states that UltraTech's entry is unlikely to impact the FY25-28 earnings of cables and wires players.
- ICICI Securities predicts a potential contraction in margins for players due to aggressive pricing by UltraTech.
HinduBusinessLine | 27 Feb, 2025
KEI Industries, Polycab, Havells Share Prices Go Haywire After UltraTech's Cables Entry Plan
- Shares of Polycab India, KEI Industries, R R Kabel, and Havells India saw a sharp decline after UltraTech Cements announced plans to enter the cables and wires business.
- The entry of UltraTech is expected to create healthy competition among organized players, according to Macquarie.
- KEI Industries shares fell by 20%, Polycab shares fell by 15%, and Havells shares fell by 9.41% on the NSE.
- Analysts have mixed recommendations for these stocks, with some suggesting a 'buy' and others recommending a 'hold' or 'sell'.
Bloomberg Quint | 27 Feb, 2025
UltraTech Will No Longer Be Just A Cement Company
- UltraTech Cement Ltd, India's largest cement company, is venturing into the cables and wires industry with a planned investment of Rs 1800 crore over the next two years.
- The company aims to set up a plant in Bharuch, Gujarat, with the plant expected to be functional by December 2026.
- The move is part of UltraTech's strategy to expand its presence in the construction value chain and cater to the increasing demand for cables and wires in various sectors.
- Financially, the venture holds significant revenue potential, with estimated Ebitda margins and revenue projections contributing to the company's overall growth.
- With this investment, UltraTech plans to diversify its portfolio beyond cement, although some analysts express concerns about the impact on the company's positioning as a pure play cement maker.
- According to Citi Research, investing in the wires business might offer better returns compared to cables due to the expected gross block multiples in the respective segments.
- UltraTech's entry into the cables and wires industry is expected to shake up the market, with potential implications for the top players in the industry like Polycab India, KEI Industries, and others.
- The industry dynamics could see shifts in Ebitda margins and the emergence of a competitive landscape, similar to what occurred in the paint industry when new players entered the market.
- The move signifies UltraTech's strategic diversification and expansion plans, signaling a departure from its traditional cement-focused business model.
- Overall, UltraTech's foray into the cables and wires sector represents a significant strategic move with both growth opportunities and potential challenges in the evolving market environment.
Bloomberg Quint | 26 Feb, 2025
Kei share price Target 2025, 2026 To 2030
- KEI Industries Limited is an Indian company that manufactures and sells electrical cables and wires.
- Founded in 1968, it offers products such as power cables, control cables, and instrumentation cables.
- KEI is well-recognized for its high-quality products and has a strong global presence in over 45 countries.
- Discover KEI Share Price Target for 2025 ranging between Rs 6,970 and Rs 4,578.
- The projected growth from 2026 to 2030 shows maximum targets reaching Rs 13,180.80 by 2030, with minimum targets ranging from Rs 5,785.76 in 2026 to Rs 8,820.07 in 2030.
- KEI's share prices have grown by 816% in the last five years alone, from Rs 376 per share in March 2019 to the current Rs 3,990.00.
- Polycab, Finolex Cables, Sterlite Techno, and Diamond Power are KEI's Competitors who are giving tough competition to KEI Ltd.
- It is advised to take proper guidance from experts before investing as stock market predictions are unpredictable and can change.
- Additionally, the values provided in the article are based on predictions and may not be accurate.
- For further insights about the stock market, they can be contacted via email.
VIE Stories | 1 Feb, 2025
Polycab India shares surge 2.5% as revenue exceeds five-year target
- Polycab India Limited has reported robust financial performance for the third quarter and nine months ended December 31, 2024, surpassing its strategic revenue goals.
- In the third quarter, the company's revenue grew 20% YoY to ₹5,226.1 crore, with all business segments showing strong performance.
- For the nine-month period, Polycab reported a 24% YoY revenue increase to ₹15,423 crore.
- Chairman and Managing Director Inder T. Jaisinghani announced 'Project Spring,' a new initiative to unlock growth potential for fiscal year 2030.
HinduBusinessLine | 23 Jan, 2025
Polycab India Q3 Results: Profit, Revenue Rise; Share Price Dips
- Polycab India's net profit for Q3 FY25 grew by 10.9% YoY to Rs 458 crore.
- Revenue for Q3 FY25 surged 20.4% YoY to Rs 5,226 crore.
- Earnings before interest, taxes, depreciation, and amortisation increased by 26.6% to Rs 720 crore.
- Polycab India's share price declined by 8.81% to Rs 5,982 apiece.
Bloomberg Quint | 22 Jan, 2025
Q3 Results Live Updates: HDFC Bank, BPCL, HUL, Coforge To Announce Earnings Today
- HDFC Bank, BPCL, HUL, and Coforge are among the companies announcing their Q3 results today.
- HUL share price rose ahead of its Q3 results, snapping a two-day fall.
- Jefferies expects stocks to outperform despite weak Q3 results as the earnings miss is already factored in.
- HDFC Bank, BPCL, HUL, and Polycab are set to announce their earnings today.
Bloomberg Quint | 22 Jan, 2025
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Polycab Wires FAQs
When was Polycab Wires founded?
Polycab Wires was founded in 1996. The company has been operating for 29 years primarily in the Electrical Equipment sector.
Where is the Polycab Wires headquarters located?
Polycab Wires is headquartered in Mumbai, Maharashtra.
How many employees does Polycab Wires have in India?
Polycab Wires currently has more than 4,800+ employees in India. Sales & Business Development department appears to have the highest employee count in Polycab Wires based on the number of reviews submitted on AmbitionBox.
Does Polycab Wires have good work-life balance?
Polycab Wires has a Work-Life Balance Rating of 3.8 out of 5 based on 1,300+ employee reviews on AmbitionBox. 73% employees rated Polycab Wires 4 or above, while 27% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Polycab Wires work-life balance reviews for more details
Is Polycab Wires good for career growth?
Career growth at Polycab Wires is rated fairly well, with a promotions and appraisal rating of 3.6. 73% employees rated Polycab Wires 4 or above, while 27% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Polycab Wires promotions/appraisals reviews for more detailed insights.
What are the pros of working in Polycab Wires?
Working at Polycab Wires offers several advantages that make it an appealing place for employees. The company is highly rated for salary & benefits, skill development and work life balance, based on 1,300+ employee reviews on AmbitionBox.
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