Top 10 Best Wires And Cables Manufacturing Company In India In 2022
Top 10 Best Wires And Cables Manufacturing Company In India In 2022
A wire is a piece of metal used to transmit electric current, whereas a cable is a collection of wires enclosed in a plastic or rubber casing used to carry electrical signals. The materials utilised to produce these wires and cables include copper, aluminium, polymers, and alloys. They are widely employed in defence and gas, oil, and automobiles.
The use of wires and cables has increased in recent years due to a growth in dwellings and houses in developing countries. In recent years, the infrastructure sectors in India, China, and West Asia have proven to be important economic drivers.
The global wire and cable market is forecast to grow at a CAGR of 6.45 per cent from $ 201.76 billion in 2018 to $ 332.65 billion by 2026, from a projected value of $ 201.76 billion in 2018. The rising demand for wire and cable from various end-users is propelling this market forward.
The wire and cable business accounts for about 40% of the total electrical industry in India. It is increasing at a CAGR of 15%, mainly to the country’s expanding electricity and infrastructure industries. Furthermore, international investors see India as a potential market for high voltage (HV) and extra-high voltage (EHV) cables.
Primary Market Drivers:
- Rising urbanisation and industrialisation in emerging countries are propelling this market forward.
- Increasing demand for self-driving vehicles is also pushing this market forward.
Major Market Restraints:
- Rising raw material costs are stifling the market’s expansion.
- Another element limiting the market’s growth is the manufacturer’s investment problems.
The international wire and cable industry are highly fragmented. Significant players have employed various techniques to expand their position, including new product releases, expansions, agreements, joint ventures, partnerships, acquisitions, etc.
In addition, the fibre-based network is the foundation for future technologies like 5G, and with the opening of the PLI, India has the potential to become the world’s fibre capital, they said.
The inclusion of optic-fibre cable (OFC) producers on the list of segments eligible for benefits under the Central Government’s production-linked incentive (PLI) plan for telecom equipment manufacturing has been advocated for several years.
The Cabinet approved a Rs 12,195 crore PLI scheme for the telecom sector a few days before the Union Budget was presented, comprising localised manufacturing of core transmission equipment, access and customer premise products, routers and switches. The government wants to attract substantial foreign investments to help domestic enterprises seize new opportunities and become dominant export players.
The Central government has disregarded the scope of OFC manufacturing for a long time. According to NK Goyal, chairman of the Telecom Equipment Manufacturers Association, the industry was looking for a course correction in this budget.
Meanwhile, part of the labour-intensive small and medium firm sector, steel wire makers have expressed their dissatisfaction. According to a senior industry executive, they are experiencing a severe raw material scarcity, which may force the closure of many plants. Almost 100 production units in the organised sector, which employ roughly half a million people in the country, are already running at less than 50% of their rated capacity. According to the official, many more will be forced to close if the crisis continues.
Manufacturers have requested government assistance in the run-up to the Union Budget to assure raw material availability and a window for importing specialised commodities not manufactured in the nation. It remains to be seen if the finance ministry has offered any assistance in this area.
“The sector is suffering an urgent scarcity of high-grade wire rods, the principal raw material for wire manufacture, which has countless applications in nation-building,” says Tirthankar Banerjee, secretary-general of the Steel Wire Manufacturers Association.
Banerjee claimed that 50 per cent of the production problem is due to a lack of high-grade wire rods, which is caused by insufficient supply and import limitations.
Because the wires and cables market accounts for over 40% of India’s electrical industry, it benefits directly from the growth of power generation and distribution facilities. According to a CRISIL analysis, the domestic wires and cables business grew at a CAGR of 22% in volume over the last five fiscal years, reaching almost 17 million kilometres in FY 2018-19. According to the analysis, the industry would reach a volume of 27 million km by FY 2023-24, with a CAGR of 10%.
The Indian wires and cables industry grew at a CAGR of almost 13% in value terms over the last five fiscal years, reaching Rs. 646 billion in FY 2018-19, according to the research. By FY-2023-24, the sector is expected to increase at a CAGR of around 11%, reaching Rs. 1,000-1,100 billion. From 2009 to 2019, India became a net exporter of cables and wires, thanks to double-digit yearly growth of 12%.
In addition, the industry’s expansion is fueled mainly by the government’s current development push in the power and infrastructure sectors. The government’s push for renewable energy, and programmes for electrification, housing construction, and smart cities, have proven to be additional motivators.
A considerable number of small and medium manufacturers and a few major and branded firms with domestic and export capabilities make up the wires and cables industry. The market share of organised players is steadily increasing and is predicted to reach 79 per cent by FY 2023-24, up from 68 per cent in FY 2018-19. GST implementation, increased efficiency, and a well-balanced cost structure are all elements contributing to India’s organised sector’s growth.
Furthermore, the expansion of organised players in the retail wires and cables industry is fueled by rising middle-class incomes, increased customer involvement in electrical purchases, and a preference for quality and brands.
Mr Deepak Chhabria, chairman of Finolex Cables, said that its staple electrical cables, dominated by house wiring, contribute 60% of revenue, Agri and automobile wires contribute 20%, power cables contribute 8%, and telecom cables contribute around 12%.
He went on to say that, despite the lockdown, the company has not slowed or scaled back its Rs 200-crore capex plan, which is currently underway in the Urse plant near Pune, where the company will make radiation technology-based solar cables, auto wires for engines, instrumentation cables using thin copper wires, and residential telecom fibres.
The telecom cables industry, according to Chhabria, was the poorest performance among his products in the first half, with revenue down over 36%. However, since Q2, there appears to be a demand rebound from the sector, but a new category– optical fibres for residential usage, as the lockdown continues. The copper stranded wire market is expected to grow at a CAGR of over 1% during the forecast period. Rising energy demands and goods drive the market with more flexible and functional applications.
According to several surveys, Asia-Pacific is expected to dominate the global market shortly. Infrastructure, telecommunications, energy, and other industries in emerging economies are anticipated to become increasingly prevalent in the future.
China, India, and the United States are predicted to boost the global construction industry to $ 8 trillion by 2030, according to a recent report by the Institution of Civil Engineers (ICE).
According to current trends, Asia-Pacific has the world’s largest construction market, driven by India, China, and other Southeast Asian countries. The Indian government’s ambition to develop initiatives like 100 smart cities and “Housing for All by 2022” is also projected to impact the country’s residential construction market significantly. India’s infrastructure industry has also piqued the interest of international investors.
The demand for copper stranded wires is predicted to rise as infrastructure investment in West Asia and Africa increases.
China will almost certainly be a prominent player in driving demand for copper stranded wire in the Asia-Pacific area during the next five years, as China has been the world’s biggest infrastructure investor in recent years.
According to market reports, China also spent roughly USD 274 billion on 3,485 infrastructure projects around the world. The increase in infrastructure expenditure is expected to raise the demand for copper stranded wire rapidly.
In terms of the wire and cable industry, electrical goods maker Havells India Ltd announced its best-ever quarter in October-December 2020, as pent-up demand pushed its revenues and profits to new highs.
The company’s third-quarter revenue increased by nearly 40% year over year, surpassing Rs 3,000 crore for the first time in its history.
Following are the Top 10 Best Wires And Cables Manufacturing Company In India In 2022
Havells India Limited is an Indian electrical equipment company situated in Noida. The company’s products include home and kitchen appliances, domestic, commercial, and industrial lighting, LED lighting, fans, and wiring accessories, water heaters, industrial and domestic cables and wires, induction motors, and capacitors.
The company employs over 6,000 employees and has 23 branches/representative offices in 50 countries. A businessman, Mr Rajan Bansal, purchases India’s first Lloyd’s exclusive shop. The store is in Paschim Vihar, in New Delhi’s western outskirts. As of 2016, it had 11 manufacturing facilities in India, including Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru.
Havells was ranked 125th out of 1200 of India’s most trusted brands in 2014, according to the Brand Trust Report 2014, a poll performed by Trust Research Advisory.
It bought the loss-making Towers and Transformers Ltd in Delhi in 1983 and turned it around in a year. Havells also acquired ECS, Duke Arnics Electronics, Standard Electricals, and Crabtree India between 1997 and 2001. Havells and Crabtree, established in the United Kingdom, formed a 50:50 joint venture, and Havells later purchased Crabtree’s share of the JV. Lloyd Electricals’ most recent acquisition has signalled the company’s debut into new consumer electronics markets.
2. Finolex Cables Ltd
Finolex Cables Ltd is India’s largest and most well-known electrical and telecommunication cable manufacturer, with a turnover of more than 26 billion rupees (about $400 million).
PVC-insulated electrical cables for the automotive industry were the company’s first products. PVC Insulated Industrial Cables, FR-LSH PVC Insulated Industrial Cables, PVC Insulated Single Core and Multicore Flexible Industrial Cables, Rodent Repellent Multicore Flexible Industrial Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables, Power and Control Cables, High Voltage Power Cables (Up to 33 kV), Polyethylene Insulated Jelly Filled Telephony Cables, PVC Insulated Winding
Lighting, electrical accessories, switchgear, fans, and water heaters are all manufactured by the company, in addition to a wide selection of Wires & Cables. The company has manufacturing facilities in Pimpri and Urse, Pune, Goa and Uttarakhand. The company has built a reputation as an innovative leader and quality manufacturer over the years by continually upgrading technology, modernising manufacturing facilities, and maintaining the highest standards of quality and services.
Finolex has become synonymous with quality, and its customers place a great value on the brand. Because of its spectacular rise, which has resulted in a large return on investment over the years, investors have flocked to its shares.
All of the company’s product lines and plants have received the IS/ISO 9001 Quality Management Systems Certification. Its plants in Urse and Goa have also received IS/ISO 14001 -Environmental Management Systems Certification.
Every cable is made with bright annealed electrolytic grade copper that is 99.97 per cent pure and insulated with virgin grade PVC made in-house. This is something that is created in-house.
The Harvard Business School Association of India – Economic Times award for “business excellence,” the IIM – LIC award for “marketing,” and the Engineering Export Promotion Council’s “export performance certificate” are some of the awards the company has received. The Directorate General of Foreign Trade granted the company Export House status.
Polycab is a company that manufactures and sells wires and cables and fast-moving electrical goods (FMEG) under the ‘POLYCAB’ name. They manufacture and market FMEG items, including electric fans, LED lighting and luminaires, switches and switchgear, solar products, and conduits and accessories in addition to wires and cables.
Their promoters have a combined total of more than four decades of experience. On January 10, 1996, the company was founded as ‘Polycab Wires Private Limited’ in Mumbai, India, as a private limited company under the Companies Act, 1956.
Power cables, instrumentation cables, solar cables, building wires, flexible cables, flexible/single multi-core cables, communication cables, and others like welding cables, submersible flat and round cables, rubber cables, overhead conductors, railway signalling cables, speciality cables, and green wires are some of the Polycab’s critical products in the wires and cables segment.
Polycab expanded into the engineering, procurement, and construction (EPC) business in 2009, which comprises electricity distribution and rural electrification project design, engineering, supply, execution, and commissioning. Polycab entered the FMEG category in 2014, and their main FMEG products include switches and switchgear and conduits and accessories.
Their Telecom Division manufactures OFCs, FRP/ARP Rods, IGFR Yarns, and various end-to-end passive networking solutions. It provides EPC services to help individuals with digital infrastructure and accessibility.
Polycab has 25 production sites spread across Gujarat, Maharashtra, Uttarakhand, and the union territory of Daman and Diu, including two joint ventures with Techno and Trafigura. Three of the 25 manufacturing sites are dedicated to FMEG production, including a 50/50 joint venture with Techno, a Gujarat-based LED product maker.
Polycab and Trafigura, a commodity trading corporation, formed a 50:50 joint venture in 2016 to build a copper wire rod production plant in Halol, India (the ‘Ryker Plant’). They attempt to provide personalised and creative items in a timely and professional manner.
Their manufacturing approach is designed to ensure quality while also allowing them to develop complicated electrical goods in short timeframes to fulfil the demands of their customer. Quality management system certificates for ISO 9001, ISO 14001, and OHSAS 18001 compliance are issued to most Polycab production sites. Their primary quality and test laboratory in Halol is NABL accredited.
Polycab’s central test laboratory for all flexible wires and cables, also in Halol, is approved by Underwriters Laboratories’ UL’. Certain of their products are also certified to meet various national and international quality standards, including those set forth by the Bureau of Indian Standards (BIS), the British Approvals Service for Cables (BASEC), the Underwriters Laboratories (UL), and the International Electrotechnical Commission (IEC).
4. KEI Industries Ltd
Krishna Electrical Industries began as a partnership firm in 1968, with the principal commercial operation of producing house wiring rubber cables and it has grown into a global powerhouse that offers complete wire and cable solutions. Their goods are available to customers in over 45 countries through a vast network of 5000+ channel partners.
KEI Industries has always been a firm believer in the power of its people. Its headquarters are currently in New Delhi. However, we have around 38 branch offices and 21 warehouses throughout the country. It has taken us more than five decades of effort, perseverance, and passion for becoming a powerful catalyst and establish their current global position.
The company, headquartered in New Delhi, India, provides a wide range of cabling solutions. Extra-High Voltage (EHV), Medium Voltage (MV), and Low Voltage (LV) power cables are all manufactured and sold by KEI. With a rising presence in the Engineering, Procurement, and Construction (EPC) services arena, KEI has established itself as a one-stop-shop for products and services, serving retail and institutional segments.
KEI is much more than simply a cables and wires manufacturer and supplier in India and a preferred provider for commercial and public sector clients in many areas of the world. They are a complete solutions supplier with a product display that includes the full range of cables and wires tailored to fulfil different clients’ specific and niche needs in the Retail, Institutional (EHV + EPC), and Exports segments.
KEI has been equipped to be a catalyst of Power with a global footprint in more than 50 countries thanks to five decades of passion, effort, and dedication. It has been able to construct new bridges that have brought it even closer to its consumers’ homes and hearts.
The firm has invested in flexible production facilities and extended its capacity, putting it in an excellent position to take advantage of opportunities in the country’s power utilities, core infrastructure, industrial, and building and construction sectors. The company’s move into the EHV cable market and EPC Services for Power Sector Projects has expanded the opportunity horizon.
The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the Kolkata Stock Exchange list the company’s shares. The Company’s GDR and FCCB are traded on the Luxembourg Stock Exchange.
5. RR Kabel
RR Kabel is a subsidiary of RR Global, a USD 850 million electrical conglomerate with operations in over 85 countries. They continue to provide the greatest quality products employing the latest advances in wire design and engineering across several business verticals, including Wires & Cables. They provide the most comprehensive selection of premium wires and cables for residential, commercial, industrial, and infrastructure applications.
RR Kabel is a certified ISO 9001, ISO 14001, and OHSAS 18001 firm. RR Kabel’s products are certified to BASEC (UK), UL (USA), CSA (Canada), VDE (Germany), TUV Rheinland (Germany), and other standards.
REACH (Registration, Evaluation, and Authorisation of Chemical Substances) and RoHS (Restriction of Hazardous Substances) compliance has also been achieved by intensive research and development by trained personnel to ensure that our goods adhere to global guidelines and regulations.
RR Kabel believes that innovation and successful R&D are critical to their industry’s future success since they enable them to push boundaries and abolish borders. RR Kabel believes in this, and they are constantly developing new solutions that are globally relevant and focused on delivering the safest possible environment.
6. Anchor by Panasonic
Anchor Electricals Pvt. Ltd. is an electrical equipment manufacturer based in India. India is the world’s largest producer of electrical switches, both modular and non-modular. Low-voltage switchgear, wires and cables, lighting, and fans are among the products it produces.
Panasonic Life Solutions India Pvt. Ltd., formerly Anchor Electricals Pvt. Ltd., is a wholly-owned subsidiary of Panasonic Corporation of Japan. In 2007, Panasonic purchased Anchor, a 50-year-old Indian family-owned electrical equipment company. Low-voltage electrical switches and accessories, switchgear and protection devices, wires and cables, lamps and luminaires, and fans are all manufactured. Panasonic home automation products are also available.
Daman, India, has been chosen as the location for the company’s new production facility. The plant will create a complete variety of wiring devices and cost Rs 200 crores to build. The current output capacity of the factory is 240 million units. The products made in Daman will serve the home market for the first two years. Exports were expected to account for 5% of the company’s revenue by 2015. The plant has implemented technologies like LED lighting, solar panels, and the utilisation of sewage water that has been cleaned.
Delton will ensure comprehensive quality excellence in product and service to its local and worldwide customers. As a result, all consumer expectations will be met in every way.
Delton will strive to be the most cost-effective while producing the greatest quality cable and collecting the required revenue to meet the goals and aspirations of their shareholders, employees, and the general public.
They adhere to the principle of providing customer happiness rather than just customer service. Delton has received major honours for its hard work and dedication from different reputable organisations for decades, including the EEPC (Export Engineering Promotion Council) and the prize for the largest exporter from India. Delton is honoured to be recognised for its excellence and will continue to strive for higher customer satisfaction!
Delton has implemented quality, environmental, health, and safety management system.
SWISS CERT Pvt. Ltd. has certified Delton’s Quality Management System to ISO 9001:2015.
SWISS CERT Pvt. Ltd has certified Delton’s Environmental Management System to ISO 14001: 2015 standards.
Delton’s health and safety system have received OHSAS 18001:2007 certification.
V-Guard Industries Ltd is a prominent electrical appliance manufacturer in India, and the largest in Kerala, with a revenue of US$340 million in the fiscal year 2017–18. Voltage stabilisers, electrical cables, electric pumps, electric motors, geysers, solar water heaters, electric fans, and UPSs are all manufactured by the company. Kochouseph Chittilappilly launched it in 1977 as a small voltage stabiliser manufacturer.
Kochouseph Chittilappilly also developed subsidiaries like V-Star Creations, an Indian producer of men’s, women’s, and children’s innerwear, and Wonderla, a South Indian chain of amusement parks.
V-Guard is a consumer goods company that sells a range of products. As of March 2019, the company had over 500 distributors, 40,000 retailers, and 31 branches across India, with its headquarters in Kochi, Kerala. Since 2008, it has been traded on the NSE and BSE. V-Guard has marketed electronic items and appliances in the home, industrial, and agricultural markets over the years, bringing the company’s total sales to over 2,150 crores in 2016–17.
Kochouseph Chittilappilly founded the company in 1977 to create a brand in the Indian electric and electronic goods market. The company began with a tiny voltage stabiliser manufacturing unit, $100,000 in funding, and two workers. V. A. Sreekandan, an artist, designed the Kangaroo logo (Mani).
Mithun Chittilappilly, the company’s current managing director, holds a Post Graduate Diploma in Management from the University of Melbourne in Australia. He began his career with V-Guard as an executive director in 2006, and in 2012, he was promoted to managing director. Mithun Chittilappilly has previously worked for major multinational corporations like Deloitte and Hewlett Packard.
Kochouseph Chittilappilly, the company’s chairman and founder, was born in 1950 in Thrissur, Kerala, to a farming family. He graduated with a master’s degree in physics and began as a supervisor in an electronics firm. He is one of the company’s founder promoters and served as acting managing director until April 2012, when he handed over the reins to his son Mithun Chittilappilly.
Shree Sant Kripa Appliances Pvt. Ltd., the SSK Group’s flagship company, was founded in 1989. The SSK Group’s quest for perfection over the previous two decades has made it a force to be reckoned with in various industries.
Syska LED provides a diverse selection of high-quality LED lighting solutions for various applications, including residential, retail, commercial, and industrial settings. The SSK Group saw that the LED Lighting market in India was destined to reach 75% and that this was the foundation upon which the firm would be built. Syska LED is now a global leader, offering a wide range of lighting solutions. Over 40 patents for lighting systems are currently held by Syska LED. Syska LED will play a critical part in altering lighting usage in India as the future develops.
Syska Accessories are custom-made items for India’s rising mobile phone consumers, and they are developed with a lot of study and invention. Syska Accessories are designed to improve the lives of those who use them. They are quality tested, sturdy, and reliable, with aesthetically pleasing designs.
Syska provides your wires and cables after pioneering revolutionary leads in India. They’re the most secure you’ll find. They’re insulated with PVC and fire-resistant as well. The flexibility of these wires and cables boosts their current carrying capacity.
10. Plaza Cables
Plaza Cables is well-known for its excellent craftsmanship. Since its beginning 35 years ago, R K Cable, now known as PLAZA CABLES, has come a long way, establishing itself as a major player in the cable and wires industry. Plaza has set quality and safety standards with all of its products since its inception. Plaza Cables has the most advanced manufacturing and testing equipment available.
Because power cables are inextricably linked to power generating. They provided a natural expansion opportunity, and the company now has a complete and comprehensive variety of cable solutions to fulfil varied power generation needs. These include PVC-insulated LT Power and Control Cables, XLPE-insulated Power Cables, Railway Signaling Cables, Mining Cables, Aerial Bunched Cables, and Medium Voltage XLPE Insulated Cables, among others.
Plaza Cables has now entered the solar lighting and solar water heating systems, both approved by MNRE/SEC. Plaza also produces CFLEB (Self Ballasted Lamps for General Lighting Services), an energy-saving bulb that complies with IS:15111 Part I and Part II up to amendment no. 6 and bears the ISI mark.