About the Company

KEI Industries Limited is a leading Indian manufacturer of wires and cables with a legacy dating back to 1968, when it began as “Krishna Electrical Industries”; it was converted into a limited company on December 31, 1992. Today, the Company is among the top organised players, known for a wide product range and project capabilities across India and overseas  . Its portfolio spans Low Tension (LT), High Tension (HT) and Extra High Voltage (EHV) cables (including capabilities above 220 kV and up to 400 kV), control and instrumentation, specialty and elastomeric/rubber cables, submersible, flexible and house wires, winding wires, stainless steel wire, and turnkey EPC services for complex utility projects  .

The Company operates through 6 manufacturing plants and 2 backward-integration facilities for PVC compound, supported by strong R&D and quality systems . KEI has a global footprint across 60+ countries and maintains overseas offices in the UAE, Nepal, South Africa and Gambia, enabling faster execution and stronger customer proximity . As of March 31, 2025, the Company reported Nil subsidiaries; its Australian subsidiary was liquidated during the year, while an associate in South Africa continues to be accounted for as an associate  .

Key milestones include becoming one of the few Indian companies capable of producing 400 kV EHV cables and expanding international reach through certifications that open access to developed markets  .

Business Segments

– Revenue mix by product/segment (FY 2024-25): LT Cables 40 Per cent; House Wires and Winding Wires 30 Per cent; HT Cables 20 Per cent; EHV Cables 4 Per cent; EPC 4 Per cent; Stainless Steel Wire 2 Per cent .

– Channel and geography mix (FY 2024-25): Retail 52 Per cent; Institutional 35 Per cent; Export 13 Per cent of revenue  .

Key Management

– Anil Gupta – Chairman-cum-Managing Director .

– Rajeev Gupta – Executive Director (Finance) & CFO .

– Akshit Diviaj Gupta – Whole Time Director .

– Kishore Kunal – VP (Corporate Finance) & Company Secretary .

Latest Updates

– Expansion and capacity: A greenfield facility for LT, HT and EHV cables at Sanand, Ahmedabad, is under development; the site is listed as “plant under construction” and is expected to unlock long-length EHV and HVDC capabilities for global demand in due course   .

– Fund-raise: In November 2024, KEI completed a Rs 2,000 crore Qualified Institutional Placement to part-finance the Sanand facility, repay/pre-pay debt and for general corporate purposes .

– Market entry and certifications: The Company forayed into the US and European markets, supported by product certifications such as UL (US) and BASEC (UK), to enable access to larger export orders  .

– Distribution and retail: Retail contributed 52 Per cent of annual sales, backed by 2,082 active dealers and wider adoption of channel financing in the B2C network, strengthening receivables and market reach .

– Credit ratings: Long-term ratings were upgraded to AA+ (Stable) by CARE, India Ratings and Research and ICRA; A1+ was reaffirmed for short-term borrowings .

– Export momentum: Exports accounted for 13 Per cent of revenue in FY 2024-25, with entry into new geographies expected to support further growth  .