Tourism Australia invites Indians to ‘Experience the game and beyond’ at the ICC T20 World Cups in 2020 - Gensol Engineering Ltd. reaches 8% above IPO price on listing day - Seeing plastic waste as a resource: Covestro plans to promote circular economy, Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes - VODAFONE IDEA BUSINESS SERVICES AND NOKIA PARTNER TO LAUNCH SD-WAN TO HELP BUSINESSES DRIVE DIGITAL TRANSFORMATION - IRCTC listing ceremony held at BSE - Magnificent Trailer of Hindi Film "Ramrajya" launched - Himalaya Expands Its Hair Care Portfolio with Natural Shine Henna - DR AKSHATA PRABHU TO REPRESENT INDIA AT MS. INTERNATIONAL WORLD 2020 IN MIAMI, FLORIDA, UNITED STATES - Global Excellence Awards 2019 - Actress Madhuri Dixit Nene honors path breaking entrepreneurs and organisations - Aviation Giants Airport Authority of India, Air India and Air India Express Onboard TReDS platform M1xchange - Union Women and Child Development Minister Smriti Irani address press conference at BJP Party office  in Mumbai - Governor Koshyari asks people to use Khadi to empower rural artisans, Khadi Fashion Show at World Trade Centre - Lamborghini Opens New Showroom In Mumbai and Launches the Huracán EVO Spyder New showroom at the marquee address – Prabhadevi Launch of the new Lamborghini Huracán EVO Spyder, a design translated into open-air exhilaration Electrohydraulic, lightweight, soft top for pure Spyder feeling - Blue Star declared winner of the prestigious ‘Golden Peacock Award for Excellence in Corporate Governance’ for 2019 - Nokia announces over 2,000 5G patent declarations - Maruti Suzuki Ciaz continues its dominance for 5 years, Over 30% market share with more than 2.7 lakh delighted customers - Japan’s Nippon Life Insurance, announces the integration of Nippon India Mutual Fund (erstwhile Reliance Mutual Fund) into their Global Unified Asset Management Fold   - BKT SCORES GLOBAL AGREEMENT WITH SPANISH FOOTBALL LEAGUE LALIGA - America’s leading manufacturing state eyes technological ties with India, says Mr. Holcomb - Karan Johar, Anil Kapoor, Javed Akhtar, Asha Parekh, Ajay Mago & many others at the launch of Khalid Mohamed’s debut novel ‘The Aladia Sisters’, an Om Books International publication - HARMAN Opens Flagship Brand Store in Mumbai, experience the full range of JBL, Harman Kardon and HARMAN’s Luxury Audio Products at R City Mall in Ghatkopar, Mumbai - Actress Parineeti Chopra Premiering as Brand Ambassador for India’s First International Dive Expo “Adex India – Mumbai Dive Show Ocean Festival” the Longest run & Largest Dive Expo in Asia! now at BEC, Goregaon - Lifestyle & Adventure comes to the Heart of Mumbai, Opens a new ISUZU Brand Showroom at Nariman Point - Rate cuts must be accompanied by substantial transmission by banks to push credit, growth: ASSOCHAM - Apollo Hospitals Deploys Kronos Workforce Solution to Augment Superior Care - Bollywood Actress and Model Sanjana Sanghi visited a Teach For India classroom with school Children - Governor attends 150th Birth Anniversary of Mahatma Gandhi - T-2 TO THE NBA INDIA GAMES 2019, India’s first-ever floating court makes a grand debut - Bollywood Singer Falguni Pathak and Devotees perform Dandiya raas Garba Dance for Navratri festival celebration - Indian American physician and filmmaker Dr. Ravi Godse's English film "Remember Amnesia" happens to be the first film ever made with award-winning Hollywood, Bollywood & Marathi stars - Manappuram Home Finance Limited NCD Issue to Open on September 30, 2019 - The shoot for a international magazine cover - Bollywood actors during trailer launch of their upcoming film "BYPASS ROAD" - Pakkhi Hegde turns entrepreneur, launches her record label ‘Beyond Music’ - Ninth International “NextGen Genomics, Biology, Bioinformatics and Technologies (NGBT)” Conference in Mumbai - Polycab India Ltd. showcases its first-ever Polycab Experience Centre in Mumbai’s iconic electrical markets hub Lohar Chawl - SRCC Children’s Hospital redefines holistic pediatric care in India, NH-SRCC Hospital to conduct 200 cardiac surgeries per month for needy children under various Government schemes Around 1,400 children suffering from cardiac ailments screened in last one year across rural Madhya Pradesh, Maharashtra and Goa - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row - Fibre-based Technologies to be a Key Enabler for Digital India: Broadband India Forum - EXPORT-IMPORT BANK OF INDIA ORGANIZES EXIM BAZAAR – AN EXCLUSIVE ART & CRAFT EXHIBITION OF HANDMADES - Actor Bhumi Pednekar along with Director of Suntuity REI- Imaan Javan come together with Celebrities, top business leaders and students all join hands for global strike, demand action on climate change in Mumbai - Mithali Raj and Siddhant Chaturvedi announce the 2nd edition of Skechers Performance Mumbai Walkathon - Nokia shows the way forward to accelerate the connected world in 5G era at Bangalore Innovation Day - The fully electric XC40 SUV – Volvo’s first electric car and one of the safest on the road - L&T Technology Services recognized as ‘Best Company for Excellence in Services’ by Indo-American Chamber of Commerce-West India Council - Mukesh Ambani tops the IIFL Wealth-Hurun India Rich List 8th year in a row, Record Stats: With 953 entrants, India’s most comprehensive Rich List grows overall by 122 - IRCTC’S Initial Public Offering (IPO) to open on Monday, 30, 2019 with Price Band of Rs. 315 – Rs. 320 per Equity Share each of Face Value of Rs. 10 each - Samsung (Mobile Phones) ranked as India’s Most Consumer-Focused Brand; Dell and Apple iPhone follow, 56 Indian brands feature among top 100; LIC, Tata Motors, Amul (Milk) lead India list - 76% of Mumbaikars who are stressed are at heart risk: Saffolalife Study - RCF announces Financial Results, Overall Performance And Company Highlights Post it’s 41St AGM - Aiming to provide women with a platform and enabling them to make a difference, India Brainy Beauty 2019 pageant is back with its finale - Vastrabharana 2019 exhinition organized by the Crafts Council of Karnataka - OPI, the #1 Salon brand worldwide in nail color and care, announced the launch of their new Peru collection in India - Bollywood Actors Salman Khan, Ameesha Patel & others during the launch of the Bigg Boss 13 in Mumbai - Union Minister Arjunram Meghwal inaugurates solo art exhibition of renowned painter Gopal Vyas, who celebrates 50 golden years - Global Survey Reveals Major Shift in Education Toward Do-It-Yourself Learning - 1 millionth Maruti Suzuki car exported from Gujarat’s Mundra Port, with shipments to more than 125 countries; cumulative exports cross over 1.8 million units - Solve for the planet: 24-Hour NASA Space App Challenge 2019 Begins - Hero Electronix forays into Consumer Technology, unveils a new Brand – Qubo, AI-powered Connected Smart Devices, Launches India’s first Smart Indoor Camera with advanced Artificial Intelligence-driven features

Polycab India Ltd. showcases its first-ever Polycab Experience Centre in Mumbai’s iconic electrical markets hub Lohar Chawl

Pix 1. MUMBAI, (GNI): Mr. Inder T. Jaisinghani (CMD, Polycab India Ltd.) inaugurates their first-ever Polycab Experience Centre in the country at the iconic Lohar Chawl market in Mumbai – photo by Sumant Gajinkar

Pix 2 – MUMBAI, (GNI): Mr. Inder T. Jaisinghani (CMD, Polycab India Ltd.) lights the lamp to mark an auspicious beginning during the inauguration of their first-ever Polycab Experience Centre in the country at the iconic Lohar Chawl market in Mumbai – photo by Sumant Gajinkar

Pix 3. – MUMBAI, (GNI): Extreme right: Mr. Inder T. Jaisinghani (CMD, Polycab India Ltd.) with trade members during the inauguration of their first-ever Polycab Experience Centre in the country at the iconic Lohar Chawl market in Mumbai -photo by Sumant Gajinkar

MUMBAI, 30 September 2019, (GNI): Polycab India Limited (“Polycab” or the “Company”), a leader in the wires and cables business and the go-to manufacturer of Fast Moving Electrical Goods (“FMEGs”) business, inaugurated its first-ever Polycab Experience Centre in the country in Lohar Chawl – Mumbai’s largest iconic wholesale market for electrical goods. Mr. Inder T. Jaisinghani, Chairman & Managing Director, Polycab India Limited, inaugurated Polycab Experience Centre at Plot No. – 157/161, Zaveri Building, Shamaldas Gandhi Marg, Lohar Chawl, Kalbadevi, Mumbai – 400002 in the presence of the Company’s Directors, senior management team members, several prominent business associates, influential and trade fraternity constituents. Polycab has 3,400+ authorised dealers and distributors and 115,000 retail outlets managed through corporate offices, 3 regional offices and 20 local offices across India. It has 1,700+ dealers and distributors on a Pan-India exclusively for FMEGs.

Polycab Experience Centre showcases the entire premium range of high quality offerings offering value for money in various categories such as Wires, Cables, innovative frame retardant products developed through a strong R&D pipeline; FMEGs such as Fan, Switches, Pumps, Geysers, Lighting, Solar, Conduit Pipes, etc. In Wires & Cables, Polycab has the widest range of power cables, control cables, instrumentation, building wires and industrial cables. Polycab Experience Centre showcases its plans to strengthen its FMEG product portfolio and entry into new product segments by way of continuous product development and innovation. Its R&D activities will be focused on developing new products to capitalize on industry trends, including the move towards home automation and green or environmentally friendly products that consume less power. It also intends to focus on street lighting and other specialized products such as domestic and agriculture pumps amongst others.

Addressing to media persons Mr. Inder T. Jaisinghani, Chairman & Managing Director, Polycab India Limited, said, “The Polycab Experience Centre is a strategic showcase of our wide range of quality products under one roof so that it is easy for consumers and trade constituents to experience and choose them. We intend to further our connect with direct customers in the FMEG market and continue to evolve and design future-ready innovative products customized for their changing needs. We started operations long back in Lohar Chawl in Mumbai, which is an important feeder market to western India and we wanted to dedicate our first experience centre to this iconic hub. Retailers from upcountry markets can also visit and experience Polycab products & choose them. We are planning to open more such experiential stores across key cities in due course to display our best-in-class products.”

About Polycab India Ltd. intends to focus on manufacturing value-added FMEGs that enjoy higher profit margins such as premium fans, a wider range of table, pedestal and wall fans, smart fans and lighting products in the professional luminaire segment and penetrate segments of the FMEG market that are fast growing such as growing preference for energy-effect LED sources and growing exports of ceiling fans, ensuring its presence in each rung of the value chain. Since the manufacture of value-added FMEG use the same back-end manufacturing processes and equipment as the Company current portfolio of products, it is well positioned to capture the demand for such value-added products.

Polycab India Limited, a prime example of Make in India is a leading Electricals brand with INR 80 bn revenues from domestic and exports (over 40 countries over last 3 years). It is the Number 1 manufacturer of Wires and Cables with 18% share of the organized and 12% share of the total market. In Wires & Cables, Polycab caters to institutional and retail customers in different industries. It offers Made-to-stock based on demand forecasts from customers and/or company sales team. It also offers Made-to-order: customized products for varied applications – Telecom, Oil & gas, Auto, Power, Signalling, Communication, Building Electrification etc. In the Fast Growing Electrical Goods (FMEG) business, it posted 51% CAGR over FY15 to FY19. It has a Pan-India distribution network – Distributors (as on June 2019) were as follows:- Wires and Cables: 1,145;FMEG: 1,744; Common: 575. It has multi-location manufacturing – 24 manufacturing facilities, including two joint ventures with Techno Electromech Pvt Ltd. (“Techno”) and Trafigura Pte Ltd (“Trafigura”), located across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Daman and Diu.

Polycab’s research and development (“R&D”) capabilities, emphasizes on upgrading the technology used in our production process, customer-centric R&D efforts and R&D center located in Halol, assist its sales and marketing team in understanding customers’ requirements. Its R&D efforts have helped to resolve the technical problems that our customers faced. Through its R&D efforts, it has developed products such as flame retardant elastomeric compounds, flame retardant chlorosulphonated polyethylene rubber compounds and cathodic protection cables using fluoropolymers and other innovative products such as environmentally friendly ROHS compliant wires and power cables, rubber (elastomeric) cables and electron beam irradiated cables to serve the needs of the automobile, ship-building industry, mining, solar energy and rolling stock sector. In addition, we have adopted automation systems in the manufacturing process such as the manufacturing execution system (“MES”), which is an automated sensor base system for recording the actual consumption of raw materials in production, as well as enterprise resource planning (“ERP”) systems. It has also adopted the Maynard Operation Sequence Technique (“MOST”) to drive productivity and optimize capacity utilization. It has created an after-sales service vertical, focused on providing quality after sales services to all our customers across all our product categories.ends

Be the first to comment on "Polycab India Ltd. showcases its first-ever Polycab Experience Centre in Mumbai’s iconic electrical markets hub Lohar Chawl"

Leave a comment

Your email address will not be published.


*