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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A sharp focus on its core business (without too many distractions) has given the cable and wire maker a shot at the No. 1 spot, overtaking the electrical goods market leader.
On 19 July, Polycab India made a statement that deserved a lot more attention than it got. The country’s leading manufacturer of cables and wires said it was on track to achieving its target of an annual top line of Rs 20,000 crore, or about $2.5 billion, much before the promised 2025-26 deadline.
“We believe that we should be either able to achieve or beat the guidance ahead of its time. We are in the process of calibrating our new mid-term guidance,” said Chirayu Upadhyaya, head of investor relations at Polycab. What he didn’t mention is that the company’s …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
Having an investment banker in charge has seen the consumer durables maker emerge the standout performer in its segment, giving the lie to naysayers.
With little by way of mechanisms to treat e-waste, the country manages to process less than a third of the hazardous materials from the rising pile of discarded electronics each year.
