Mar 03, 2020
Finolex Cables Limited
Year of establishment: 1958
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
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
3CF & WW cables for agricultural sector
Auto & Battery cables for automobile sector
POWER & CONTROL CABLES:
LT & HT Power and Control cables
Rs. 3,012 Cr (2017-18);
Rs. 2,711 Cr (2016-17).
Growth Rate (turnover): 11.10%.
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).
Number of Dealers/distributors/retail Outlets:
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