Introduction

Cables are one of the most important parts of India’s infrastructure. They carry electricity to homes, factories, offices, railway systems, data centres, renewable-energy projects and large industrial facilities. Although cables are usually hidden behind walls or underground, modern life would not work without them.

India’s cable industry has grown rapidly with the expansion of housing, roads, railways, power transmission, renewable energy, telecommunications, manufacturing and data infrastructure. Demand is also increasing from solar and wind projects, electric vehicles, industrial automation and new electricity distribution networks.

The industry includes companies making everything from household electrical wires to high-voltage transmission cables, communication cables, control cables and specialised industrial products. Some companies focus almost entirely on wires and cables, while others have cables as one part of a larger electrical-products business.

The companies discussed below have been selected based on factors such as revenue, manufacturing scale, product range, market presence, technology, exports and importance in India’s cable industry. This is not a strict ranking by revenue, because several companies have diversified businesses beyond cables.

The latest financial figures available for FY2025-26 have been used wherever companies have already reported their full-year results. Where FY2025-26 annual figures were not available or clearly comparable, the latest reported FY2024-25 numbers are mentioned.

Polycab India Limited

Image Courtesy:Polycab India Limited (Official Website)

Founded	1986
Headquarters	Mumbai, Maharashtra
FY2025-26 Revenue from Operations	₹28,883.8 crore
FY2025-26 PAT	₹2,708.4 crore
Main Products	Wires, power cables, communication cables and electrical products

Polycab India Limited is one of India’s largest electrical and cable manufacturers. The company has built a very strong position in wires and cables and has also expanded into fast-moving electrical goods such as fans, switches, lighting and other electrical products.

Its core business includes power cables, building wires, flexible cables and communication cables. These products are used in residential construction, commercial buildings, infrastructure projects, industries and power applications.

Polycab reported revenue from operations of ₹28,883.8 crore in FY2025-26, an increase of about 29% from ₹22,408.3 crore in FY2024-25. Profit after tax increased to ₹2,708.4 crore from ₹2,045.5 crore.

The company’s wires and cables business remains its main growth engine. Polycab also reported that its share of the organised wires and cables market had reached approximately 30-31% in FY2025-26.

Its large distribution network and strong retail brand have helped Polycab become one of the most familiar names in India’s electrical market.

KEI Industries Limited

Image Courtesy:KEI Industries Limited (Official Website)

Founded	1968
Headquarters	New Delhi, India
FY2025-26 Turnover	₹11,747.77 crore
FY2025-26 Net Profit	₹918.43 crore
Main Products	Low, medium and high-voltage cables, extra-high-voltage cables and wires

KEI Industries Limited is another major player in India’s cable industry. The company manufactures a wide range of wires and cables for residential, commercial, industrial and infrastructure applications.

Its portfolio includes extra-high-voltage and high-voltage power cables, low-voltage cables, house wires, solar cables, control cables and specialised cables.

KEI recorded a turnover of ₹11,747.77 crore in FY2025-26, compared with ₹9,735.88 crore in FY2024-25, representing growth of about 20.7%. Net profit increased to ₹918.43 crore from ₹696.41 crore.

The company’s cables and wires segment generated ₹11,220.57 crore of turnover in FY2025-26. This shows how important cables are to KEI’s overall business.

KEI also has a strong presence in exports and institutional markets. Its products are used in power, infrastructure, construction, railways, industrial projects and other sectors.

Havells India Limited

Image Courtesy:Havells India Limited (Official Website)

Founded	1983
Headquarters	Noida, Uttar Pradesh
FY2025-26 Consolidated Revenue	₹22,527.77 crore
FY2025-26 Consolidated PAT	₹1,689 crore
Main Products	Cables, wires, switches, lighting, fans and electrical appliances

Havells India Limited is one of India’s best-known electrical brands. While the company is not only a cable manufacturer, wires and cables are an important part of its electrical-products portfolio.

Havells manufactures power cables, house wires and other electrical products used in homes, commercial buildings and industrial applications.

The company reported consolidated revenue from operations of ₹22,527.77 crore in FY2025-26, compared with ₹21,778.06 crore in FY2024-25. Consolidated profit after tax was approximately ₹1,689 crore.

Havells has a large retail and distribution network in India. Its brands, including Havells, Crabtree, Lloyd and others, give it access to both electrical and consumer markets.

The company is also investing in manufacturing capacity and newer areas such as renewable energy and energy-efficient products. This makes Havells an important company to watch as India’s demand for electrical infrastructure continues to increase.

R R Kabel Limited

Image Courtesy:R R Kabel Limited (Official Website)

Founded	1995
Headquarters	Mumbai, Maharashtra
FY2025-26 Revenue	₹9,722.4 crore
FY2025-26 EBITDA	₹789.1 crore
FY2025-26 PAT	₹492.2 crore
Main Products	Wires, power cables, electrical cables and consumer electrical products

R R Kabel Limited has become one of India’s leading branded wires and cables manufacturers.

The company sells electrical wires and cables for homes, commercial buildings, infrastructure and industrial applications. It also operates in the fast-moving electrical goods segment.

RR Kabel reported its highest-ever annual revenue of ₹9,722.4 crore in FY2025-26, compared with ₹7,618.2 crore in FY2024-25. Revenue grew by 27.6%. EBITDA increased sharply to ₹789.1 crore, while profit after tax rose to ₹492.2 crore.

The company’s wires and cables business remains the main contributor to its revenue. RR Kabel has also focused on exports and strengthening its distribution network.

Its three-year Project RRise strategy includes an ambition of achieving an 18% revenue CAGR in the wires and cables business.

Finolex Cables Limited

Image Courtesy:Finolex Cables Limited (Official Website)

Founded	1958
Headquarters	Pune, Maharashtra
FY2025-26 Revenue from Operations	₹6,321.01 crore
FY2025-26 PAT	₹622.87 crore
Main Products	Electrical cables, communication cables, optical-fibre cables and copper products

Finolex Cables Limited is one of India’s oldest and most established cable companies. The company manufactures electrical and communication cables used across residential, industrial, automobile, infrastructure and telecommunications applications.

Finolex reported revenue from operations of ₹6,321.01 crore in FY2025-26, compared with ₹5,318.9 crore in FY2024-25. Standalone profit after tax increased to ₹622.87 crore.

Electrical cables remain the company’s largest business. The segment generated approximately ₹5,490.23 crore in FY2025-26, while communication cables contributed another ₹500.33 crore.

The company has also been investing in optical-fibre manufacturing. Its products are increasingly relevant as India’s demand for broadband, data networks and digital infrastructure grows.

APAR Industries Limited

Image Courtesy:APAR Industries Limited (Official Website)

Founded	1958
Headquarters	Mumbai, Maharashtra
FY2025-26 Revenue	₹22,902 crore
FY2025-26 EBITDA	₹2,067 crore
FY2025-26 PAT	₹977 crore
Main Products	Conductors, cables, specialty oils and related electrical products

APAR Industries Limited is a diversified industrial company, but it is highly important to India’s electrical infrastructure because of its conductors and cable solutions business.

The company manufactures conductors and specialised cable products used in power transmission, distribution, railways, renewable energy and other infrastructure applications.

APAR reported its highest-ever annual revenue of ₹22,902 crore in FY2025-26, up 23.3% year-on-year. EBITDA rose to ₹2,067 crore and profit after tax reached ₹977 crore.

Its business is closely connected to India’s power-transmission expansion. As more electricity is generated from solar, wind and other sources, India needs stronger transmission and distribution networks to move that electricity to consumers.

APAR is therefore an important name in the higher-value end of the cable and conductor industry.

V-Guard Industries Limited

Image Courtesy:V-Guard Industries Limited (Official Website)

Founded	1977
Headquarters	Kochi, Kerala
FY2025-26 Consolidated Revenue	₹5,965.78 crore
FY2025-26 Consolidated PAT	₹308.33 crore
Main Products	Wires and cables, voltage stabilisers, fans, pumps, water heaters and electrical appliances

V-Guard Industries Limited is another diversified electrical company with a growing presence in wires and cables. The company is particularly well known in southern India and has gradually expanded its presence across the country. Its product range includes electrical wires and cables along with stabilisers, fans, pumps, water heaters and other consumer electrical products.

V-Guard reported consolidated revenue from operations of ₹5,965.78 crore in FY2025-26, up from ₹5,577.82 crore in FY2024-25. Consolidated profit after tax was ₹308.33 crore.

Although cables are only one part of its overall business, the company’s large consumer distribution network gives it an important position in India’s organised electrical-products market.

Universal Cables Limited

Image Courtesy:Universal Cables Limited (Official Website)

Founded	1945
Headquarters	Satna, Madhya Pradesh
FY2024-25 Revenue	₹2,408.39 crore
FY2024-25 Net Profit	₹57.28 crore
Main Products	Low-voltage, medium-voltage and extra-high-voltage power cables

Universal Cables Limited is one of India’s established power-cable manufacturers and is part of the MP Birla Group.The company manufactures power cables covering different voltage ranges. Its products are used in power generation, transmission, distribution, industrial projects and infrastructure.

Universal Cables reported FY2024-25 revenue of ₹2,408.39 crore, up 19% from ₹2,020.67 crore in FY2023-24. Net profit was ₹57.28 crore.

The company was operating at around 90% capacity utilisation in FY2024-25. It invested approximately ₹126.31 crore during the year to expand manufacturing capacity and had a larger planned capital expenditure programme for its facilities in Satna and Goa.

Universal Cables is also expanding its international business. Its export revenue more than doubled in FY2024-25 to about ₹209 crore.

Diamond Power Infrastructure Limited

Image Courtesy:Diamond Power Infrastructure Limited (Official Website)

Founded	1970
Headquarters	Vadodara, Gujarat
FY2025-26 Revenue	₹1,910.10 crore
FY2025-26 PAT	₹158.17 crore
Main Products	Power cables, conductors and transmission products

Diamond Power Infrastructure Limited is a major manufacturer of power cables and conductors and has gained considerable attention because of its recent financial turnaround.

The company manufactures cables and conductors used in power transmission and distribution. It also operates in transmission-related infrastructure products.

Diamond Power’s revenue from operations increased dramatically from ₹1,115.39 crore in FY2024-25 to ₹1,910.10 crore in FY2025-26. Consolidated profit after tax increased from ₹34.50 crore to approximately ₹158.17 crore.

The company has benefited from stronger demand for power infrastructure and increased execution of orders. Its recovery is particularly interesting because the company has moved from a period of financial difficulty toward much stronger operating performance.

As India’s power-transmission network expands, companies such as Diamond Power can benefit from increasing demand for cables and conductors.

Cords Cable Industries Limited

Image Courtesy:Cords Cable Industries Limited (Official Website)

Founded	1987
Headquarters	New Delhi, India
FY2024-25 Revenue from Operations	₹794.56 crore
FY2024-25 Profit	₹14.67 crore
Main Products	Instrumentation, control, power and communication cables

Cords Cable Industries Limited is smaller than the large cable manufacturers on this list, but it has a specialised position in the industry.

The company focuses on control and instrumentation cables rather than competing only in the large consumer-wire market. Its products are used in industrial plants, process industries, power projects and other specialised applications.

Cords Cable reported revenue from operations of ₹794.56 crore in FY2024-25, compared with ₹627.74 crore in FY2023-24. Total revenue reached about ₹798.49 crore, while profit for the year increased to ₹14.67 crore from ₹10.07 crore.

Its specialised product portfolio makes it relevant for industries where cable performance, reliability and application-specific design are more important than simply selling high volumes of standard wires.

Financial and Operational Comparison

Company	Latest Revenue Figure	Main Cable Business
Polycab India	₹28,883.8 crore, FY2025-26	Wires, power and communication cables
Havells India	₹22,527.77 crore, FY2025-26	Wires, cables and electrical products
APAR Industries	₹22,902 crore, FY2025-26	Conductors and cable solutions
KEI Industries	₹11,747.77 crore, FY2025-26	Power cables and wires
R R Kabel	₹9,722.4 crore, FY2025-26	Wires and cables
Finolex Cables	₹6,321.01 crore, FY2025-26	Electrical and communication cables
V-Guard Industries	₹5,965.78 crore, FY2025-26	Wires, cables and electrical products
Universal Cables	₹2,408.39 crore, FY2024-25	Power cables
Diamond Power Infrastructure	₹1,910.10 crore, FY2025-26	Power cables and conductors
Cords Cable Industries	₹794.56 crore, FY2024-25	Control and instrumentation cables

Important: The revenue figures above are company-level revenues, not necessarily cable-only revenues. This matters particularly for diversified companies such as Havells, APAR and V-Guard.

Why the Cable Industry Is Growing in India

Expansion of Power Infrastructure

India’s electricity demand is increasing as households, industries, offices and infrastructure projects consume more power.

This requires new transmission lines, substations, distribution networks and electrical installations. All of these projects need large quantities of cables and conductors.

Growth in Housing and Construction

Every new home, apartment, office and commercial building needs electrical wires and cables. India’s urbanisation and continued construction activity therefore create steady demand for building wires, power cables and related electrical products.

Renewable Energy

Solar and wind power are becoming increasingly important parts of India’s energy mix. Renewable-energy projects require specialised cables to connect solar panels, inverters, substations and transmission networks. Large renewable projects also require cables capable of handling demanding outdoor and electrical conditions.

Railways and Metro Projects

Railway electrification, metro systems and other transportation projects require specialised electrical cables. India’s continued investment in railways, metros and urban transportation is therefore another source of demand for cable manufacturers.

Data Centres and Digital Infrastructure

India’s growing digital economy is increasing demand for data centres, telecommunications networks and broadband infrastructure. This creates opportunities for communication cables, optical-fibre cables and other specialised products.

Electric Vehicles

The growth of electric vehicles is creating new requirements for charging infrastructure and electrical systems. Electric-vehicle charging stations, battery systems and related infrastructure require electrical cables designed for suitable power and safety requirements.

Conclusion

India’s cable industry is closely connected with the country’s economic and infrastructure growth. From household wiring to high-voltage transmission systems, cables are required in almost every part of the modern economy.

Polycab India has emerged as one of the country’s largest electrical and cable companies, with FY2025-26 revenue of nearly ₹28,884 crore. KEI Industries and R R Kabel have also recorded strong growth, while Finolex Cables remains one of India’s established names in electrical and communication cables.

Companies such as Havells, APAR Industries and V-Guard have broader electrical portfolios but remain important because of their cable and electrical-infrastructure businesses. Universal Cables, Diamond Power Infrastructure and Cords Cable Industries have more specialised positions in power, control and industrial cable markets.

The future of the Indian cable industry is likely to be supported by power transmission, renewable energy, housing, railways, industrial expansion, data centres and electric-vehicle infrastructure.

At the same time, manufacturers will need to deal with changing copper and aluminium prices, competition, technology requirements and the need for higher-quality products.

Overall, the Indian cable industry is moving from a simple commodity-driven business toward a more technology-focused and infrastructure-oriented industry. Companies that can combine strong manufacturing capabilities, reliable products, efficient distribution, innovation and financial strength are likely to remain important players in India’s growing electrical ecosystem.

Frequently Asked Questions (FAQs):

Which is the largest cable company in India?

Polycab India is one of India’s largest cable and wire manufacturers by revenue and market presence. 

Which company makes the most popular electrical wires in India?

Polycab, Havells, KEI, Finolex and RR Kabel are among the popular electrical wire brands. 

What are the main types of cables made in India?

Indian companies manufacture power, electrical, communication, control, instrumentation and optical-fibre cables. 

Which company is known for high-voltage cables?

KEI Industries, Universal Cables, APAR Industries and Diamond Power Infrastructure manufacture high-voltage cable products. 

Is Polycab an Indian company?

Yes, Polycab India is an Indian company headquartered in Mumbai, Maharashtra. 

Which cable companies are listed on the Indian stock market?

Polycab, KEI Industries, Havells, RR Kabel, Finolex Cables, APAR Industries and V-Guard are publicly listed companies. 

Which company makes both cables and electrical appliances?

Havells, V-Guard and RR Kabel have cable businesses along with various electrical or consumer products. 

Which company manufactures optical-fibre cables?

Finolex Cables is one of the established Indian manufacturers of optical-fibre and communication cables. 

Why is demand for cables growing in India?

Demand is increasing due to construction, power infrastructure, renewable energy, railways, industries and digital infrastructure. 

Which cables are used in power transmission?

High-voltage, extra-high-voltage cables and conductors are commonly used in power transmission systems. 

What raw materials are mainly used to make electrical cables?

Copper and aluminium are the main conducting materials used in many electrical cables. 

Which cable companies supply products for renewable energy projects?

Companies such as Polycab, KEI, APAR and Finolex manufacture products used in renewable-energy and power applications. 

Are Indian cable companies involved in exports?

Yes, several major Indian cable manufacturers export their products to international markets. 

What factors affect the price of electrical cables?

Copper and aluminium prices, cable specifications, insulation materials, manufacturing costs and market demand affect cable prices. 

What is the future of India’s cable industry?

India’s cable industry is expected to benefit from growing power, renewable-energy, construction, infrastructure and digital-investment needs.