Finolex Cables

What Finolex Cables does

Finolex Cables Ltd is an India-headquartered, publicly listed (NSE/BSE: FINOLEXCAB) manufacturer of electrical and communication cables founded in 1945 by P.P. Chhabria and K.P. Chhabria in Pune, with corporate operations headquartered in Pimpri. The company operates four manufacturing plants in Pimpri, Urse (both Pune), Goa, and Roorkee (Uttarakhand), employs between 5,001 and 10,000 people, and runs certifications across ISO 9001, ISO 14001, ISO 45001, ISO 27001, and TL-9000. Its portfolio spans house wires (FinoUltra), industrial power cables, optical fibre cables, telephone/LAN/CCTV/co-axial cables, solar PV cables (Solar Endura), and automotive cables, alongside XLPE insulation compounds (Finvul-X, Finopower), flame-retardant cables (Finogard), and a parallel FMEG business covering fans, water heaters, switches (including Finotouch smart switches), switchgear, lighting, conduits, and smart home products.

The core technical differentiators sit in materials and process control: more than 99.97% pure electrolytic-grade bright-annealed bare copper for house wires; proprietary XLPE compounds for LT and HT cables; in-house Electron Beam curing imported from Korea for UV/ozone/temperature/hydrolysis-resistant solar PV cables; and backward integration into optical fibre production via a newly commissioned preform/glass plant, with OFC draw capacity being doubled from 4 million to 8 million fibre kilometres. Q3 FY26 (Dec 2025) consolidated sales reached ₹1,598.62 crore, up 35.23% year-on-year, with net profit of ₹164.03 crore and operating margin at 9.86% (down from 11.65%).

Revenue mechanics combine B2C/contractor sales through an extensive pan-India dealer network with dealer-locator tooling, direct enterprise sales for large projects via branch offices, and government infrastructure wins. Customer segments are diversified across electrical contractors, real estate developers, telecom operators (including BSNL BharatNet), government-funded infrastructure projects, and hyperscale data center/AI infrastructure buyers. Pricing is not publicly disclosed and is negotiated through dealer and direct sales channels. With cash and equivalents exceeding ₹2,500 crore, a ₹300 crore capex plan, and a communicated ₹750 crore communication cables revenue target by FY28, the company is executing a clear backward-integration-led expansion into higher-value optical fibre products while sustaining its incumbent electrical wires franchise.

Name

Finolex Cables

Legal name

Finolex Cables Ltd

Website

https://finolex.com

Company type

Public

Founded year

1945

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Electrical Cables and FMEG Products

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Fiber Optic Cable Manufacturing (335921), Wiring Device Manufacturing (33593), Current-Carrying Wiring Device Manufacturing (335931)

SIC

Electric Lighting & Wiring Equipment (3640), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Building Wire & Cable (Residential/Commercial) (IMADAMAA)

akta.pro secondary industries

Data, Communications & Fiber Optic Cable (IMADAMAD), Coaxial, RF & Specialty Signal Cable (IMADAMAE), Wiring Devices & Receptacles (switches, sockets, plugs, industrial outlets, pin & sleeve) (IMAGAEAF), Cable Accessories & Joints/Terminations (splices, joints, terminations, link boxes) (EUADADAC)

Keywords

• Electrical cables manufacturing
• Optical fibre cables
• Power distribution cables
• Switches and switchgear
• Consumer electrical goods

Headquarters

HQ city

Pimpri

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels3 records

Marketing channels2 records

Core offering

Finolex Cables manufactures and sells electrical wires and cables (house wires, power cables, optical fibre cables, solar PV cables, LAN, telephone, co-axial and CCTV cables), along with a diversified FMEG portfolio including fans, water heaters, switches, switchgear, lights, conduits, and smart home products. It operates four manufacturing plants in India (Pimpri, Urse, Goa, Roorkee) with backward integration into optical fibre and preform production.

Product overview

Finolex Cables is a diversified cable and electrical products company with a portfolio spanning Wires & Cables (house wires, OFC, power cables, automotive cables, solar PV cables), Fans, Water Heaters, Switches (including smart switches under Finotouch brand), Switchgear (MCB, RCCB, MCCB), Lights, Home Appliances (room heaters, irons), Conduits & Fittings, and Smart Home products. The company operates four manufacturing plants in Pimpri, Urse, Goa, and Roorkee. The core wire and cable business serves industrial, infrastructure, and consumer segments, with recent backward integration into optical fiber manufacturing through a new preform plant.

Differentiator

Problem solved

Functional benefit

Brands

• Finotouch: Smart switches and smart home products
• FinoUltra
• Finovul-X
• Finopower
• Solar Endura
• Finogard

Products and services

• Wires & Cables
• Fans
• Water Heaters
• Switches
• Switchgear
• Lights
• Smart Home Products
• Optical Fibre Cable (OFC)
• Solar PV Cables
• Conduits & Fittings

Quantifiable outcome

• Optical fibre draw capacity doubled from 4 million to 8 million fibre kilometres
• +6 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Recent moves9 records

Expansion highlights6 records

Regional players

• V-Guard Industries Limited: Indian electrical products company spanning wires & cables, switchgear, fans, water heaters and stabilizers; competes with Finolex in the FMEG adjacency and wires, primarily in Indian domestic market.

Direct peers

• RR Kabel Limited: Specialist Indian cables and wires manufacturer with strong house wire presence, going head-to-head with Finolex in retail/dealer and project channels; highly comparable product and customer overlap.
• KEI Industries Limited: Indian manufacturer of power, control and instrumentation cables including house wires and OFC, directly competing with Finolex in cables for infrastructure, utilities and industrial projects; similar B2B/government project mix.
• Polycab India Limited: India's largest cable and wire manufacturer, competing head-to-head with Finolex across house wires, power cables, OFC and FMEG; most directly comparable Indian cable peer with overlapping distribution, customer base and project exposure.
• Polycab India Limited (FMEG overlap): Same as primary direct peer listed first; can be treated as a duplicate rank-1 reference.

Broad incumbents

• Havells India Limited: Broad incumbent electrical products player spanning cables, switches, switchgear, fans, water heaters and lighting; competes with Finolex across FMEG and cables as part of a wider portfolio with stronger consumer brand.
• Prysmian Group: Global leader in cables for energy, telecom and fiber optics, including OFC for data centers; relevant global benchmark for Finolex's specialty and communication cables technology and scale.
• Bajaj Electricals Limited: Large incumbent Indian electrical and consumer durables company spanning lighting, fans, appliances and EPC projects; overlapping with Finolex in fans, lighting and appliances with far broader consumer brand reach.
• Crompton Greaves Consumer Electricals Limited: Major Indian consumer electrical brand with fans, water heaters, lighting and small appliances; competes with Finolex in the FMEG and smart home categories where Finolex is scaling.

Emerging players

• Sterlite Technologies Limited (STL): Indian specialist in optical fibre cables and fibre-to-the-home solutions; overlaps with Finolex's OFC and communication cables push, and is a key competitor for BSNL BharatNet, telecom and hyperscale data center contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FinolexCables

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finolex Cables