About Finolex Cables Limited

Finolex Cables Limited is one of India’s largest manufacturers of electrical and communication cables. Established in 1958 and incorporated in 1967, the Company has built a nearly seven-decade heritage of reliability, innovation and quality in wiring products and allied electrical solutions  . Its diversified portfolio spans electrical cables, communication cables and a growing Fast-Moving Electrical Goods (FMEG) range, including lighting, fans, water heaters, irons, smart door locks, smart switches, switchgear, accessories, and conduits & fittings . Manufacturing is anchored by five ISO-certified plants across Pimpri, Urse, Goa and Roorkee, supported by backward integration into key inputs such as Continuous Cast Copper rods, PVC compounds and optical fibre (with glass preforms to follow) . The pan-India distribution network comprises 600+ distributors, 5,000 channel partners and 2,15,000 retailers.

Finolex has a strong domestic footprint across 28 States and 8 Union Territories and supplies to 14 international markets; exports contributed approximately 1% of turnover in FY 2024–25 . The Company has zero subsidiaries; its investments include associates and joint ventures, but there are no subsidiary companies as of the reporting year. Recent milestones include strengthening backward integration and expanding capacity in fibre optics and automotive cables, underpinning its “Total Electrical Solutions” positioning .

Finolex Cables Limited’s Business Segments

Revenue by segment/vertical:

• Electrical Cables: 84%

• Communication Cables: 10%

• Copper Rods: 1%

• FMEG products: 5%

• Revenue by geography:Exports contributed approximately 1% of turnover (balance from domestic sales)

Finolex Cables Limited Key Management

• Ratnakar Barve, Whole Time Director and Chairman

• Pravin Ahire, Whole Time Director (w.e.f. October 14, 2024)

• Mahesh Viswanathan, Chief Financial Officer

• Siddhesh Mandke, Company Secretary and General Manager (Legal)

Latest Updates (FY25) on Finolex Cables Limited

• Capacity and technology: The Company completed commissioning of a new e-beam facility; advanced projects include commissioning of an optical fibre preform facility, expansion of optic fibre capacity and scaling auto cable production. Product development includes EV battery cables and instrumentation cables for railways.

• Market reach: A retail expansion drive aims to reach 2,50,000 retailers, with a focus on Tier 2 and Tier 3 cities, alongside deeper engagement with real estate developers.

• Capital programme: A capex plan of nearly Rs 500 crore was lined up for FY 2024–26 to support capacity and product diversification initiatives.

• Corporate actions: The Company’s Global Depository Receipts were delisted from the Luxembourg Stock Exchange effective April 16, 2024.

• Joint venture status: Corning Finolex Optical Fibre Private Limited, a joint venture company, was liquidated by order of the NCLT, Mumbai Bench, dated June 6, 2024.