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Top Cable Companies in India,4

Mar 03, 2020

Finolex Cables Limited


Year of establishment: 1958

Headquarter/Branches:

HQ: Pune, Maharashtra;

Branches: Ahmedabad, Bengaluru, Bhubaneshwar, Verna, Guwahati, Indore, Japiur, Kochi, New Delhi, Raipur, Secunderabad, Ludhiana, Gurgaon, Lucknow, Patna, Vadodara, Coimbatore, Chennai.

Manufacturing facilities and locations: 5 Plants at Pimpri, Urse, Goa, Roorkee (Uttarakhand).

Number of Employees: Over 1500


Actual Production:

Electrical Cables:

59,569 MT (2017-18);

59,812 MT (2016-17).

Metal based Communication Cables:

8,216 MT (2017-18);

7,643 MT (2016-17).

Optical Fiber Cables:

2,410,449 FKM (2017-18);

1,159,898 FKM (2016-17).


Product Portfolio and Applications:

LIGHT DUTY CABLES:

FR PVC insulated

Industrial cables

Flexible cables

Solar cables

Elevator cables

3CF & WW cables for agricultural sector

Auto & Battery cables for automobile sector

POWER & CONTROL CABLES:

LT & HT Power and Control cables

COMMUNICATION CABLES:

Co-axial cables

Speaker cables

CCTV cables


Financials:

Turnover:

Rs. 3,012 Cr (2017-18);

Rs. 2,711 Cr (2016-17).

Growth Rate (turnover): 11.10%.

Profit (PBT):

Rs. 504 Cr (2017-18);

Rs. 419 Cr (2016-17).

Growth Rate (PBT): 20.2%

Net Worth as on 31.03.2018: Rs. 2,194 Cr.


New Developments since 2016:

Single component Ambi-cure XLPE compound developed with new Technology. This is a latest method with low energy/manpower requirement.

Several grades of PVC compounds were reformulated to suit higher line speeds and also made environmentally friendly complying with ROHS requirements.


Product/brand Launches since 2016:

Launched recently new product ranges like fans, lighting products, water heaters, switches, and switchgears.


Market Served (domestic/exports):

FOB value of exports for the year was lower than the previous year at Rs 274.9 million (Previous year’s export value of Rs. 316.1 million).

Market Footprint:

Number of Dealers/distributors/retail Outlets:

28 Depots;

More than 4000 Channel Partners;

More than 30000 dealers.


Details of joint ventures or details of the joint venture you are planning to set up with a firm in the near future:

Essex Corp. USA (Superior) for JFTC cables and copper rods

AT&T (Lucent Technologies) for optic fibre cables

Corning, USA for optic fibre

NSW, Germany for winding wires

Sumitomo, Japan for EHV power cables

GE, USA Compounds



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