#1656
Ajay Jaisinghani
India 74 years old
Overview
- Source of Wealth
- Wires and cables
- Industry
- Manufacturing
- Residence
- Mumbai
- Marital Status
- Married
- Children
- 3
Assets
- Polycab23,591,000 shares @ --542652-IN
Biography
Ajay Jaisinghani gets his wealth from a minority stake in Polycab India, which makes electrical wires and cables.
Polycab was started as a trading firm in 1986 by his brother Inder Jaisinghani.
The company makes everything from power cables to solar cables to optical fibre cables for the the power, oil and gas and renewable energy industries.
In 2014, Polycab expanded into products such as electric fans, LED lighting, switches and switchgear.
About
The company, which went public in 2019, got a boost in 2022 from increasing electrification and an uptick in spending in the power sector.
Son Bharat sits on Polycab's board.