India’s wire and cable industry is dominated by Finolex Cables, Polycab, Havells, KEI Industries, and RR Kabel. Polycab leads in revenue and market share, while Havells benefits from diversification. KEI is strong in EPC projects, RR Kabel is expanding aggressively, and Finolex focuses on high-quality electrical and communication cables. Each company has unique strategies, strengths, and customer segments, shaping its competitive edge.
Polycab India and KEI Industries lead in the electrical goods sector, with extensive product ranges and robust growth strategies. Polycab excels in market share and diversity, while KEI focuses on manufacturing expansion and export. Both companies leverage their strengths in a growing market, signaling promising prospects for investors and stakeholders.
Significant decline in Polycab’s share prices can be attributed to allegations of tax evasion against the company. The Income Tax Department of India reported finding undisclosed income of approximately ₹200 crore (or around $24.1 million) linked to Polycab.
Polycab shares crashing by over 7% on January 9, 2024
