Meet Man, Born In Mumbai's Lohar Chawl, Dropped Out Of School At 15 But Founded Rs 1,00,00,00,00,000 Giant - His Company Is India's Largest Manufacturer Of….; Find Out His Net Worth
Inder Jaisinghani's journey from Mumbai's modest Lohar Chawl to leading a Rs 1,00,00,00,00,000 company is a true rags-to-riches story. Dropping out of school at 15 after his father's death, he took over his family's small electrical business, which eventually became Polycab India Ltd.—India's largest wire and cable manufacturer. https://zeenews.india.com/photos/business/meet-man-born-in-mumbai-s-lohar-chawl-dropped-out-of-school-at-15-but-founded-rs-100000000000-giant-his-company-is-indias-largest-manufacturer-of-find-out-his-net-worth-2936352 Updated:Jul 24, 2025, 06:17 PM IST A Humble Beginning in Mumbai
1 / 8
Inder Jaisinghani's journey starts in the crowded lanes of Lohar Chawl, Mumbai. Born into a modest family, life took a sharp turn after his father's death. At just 15, he dropped out of school to support the family business — a decision that laid the foundation for an extraordinary future. Teenage Dropout With Sharp Business Instincts
2 / 8
Without formal education, Jaisinghani relied on street-smart business sense. His hands-on approach, ability to understand market trends, and commitment to customer satisfaction helped him grow the business steadily through the 1970s and 80s. Leading Polycab Into a New Era
3 / 8
In 1997, he was appointed Chairman and Director of Polycab. Under his leadership, the company diversified beyond wires and cables into electrical goods. By 2019, as Chairman and Managing Director, he took Polycab into high-growth areas including fans, lighting, switches, and smart home systems. From Family Shop to Manufacturing Powerhouse
4 / 8
Polycab's roots go back to 1964, when Inder's father founded Sind Electric Stores. A key turning point came in 1983 with the registration of Polycab Industries, followed by the launch of Polycab Wires in 1996. In the early 2000s, it expanded rapidly—adding products like PVC power cables, telephone wires, and more. A Strategic Leap into FMEG & Smart Tech
5 / 8
In the 2010s, Polycab entered the Fast Moving Electrical Goods (FMEG) segment—launching LED lights, switches, fans, and MCBs. In 2016, it partnered with Trafigura to build a copper rod plant. The company also ventured into IoT with its smart home solution, Polycab HOHM, in 2020. Polycab's Market Cap
6 / 8
A defining milestone came in 2024—Polycab's market capitalization crossed Rs 1 lakh crore. From a family-run business in Mumbai to becoming India's leading wire and cable manufacturer, Jaisinghani's leadership has built a globally competitive brand with strong investor confidence and consistent growth. Inder Jaisinghani's Net Worth
7 / 8
Jaisinghani's personal fortune reflects Polycab's stellar rise. In 2021, he was worth 3.4 billion dollars. By 2024, this grew to 8.6 billion dollars (Rs 7,25,88,51,50,000). Despite his billionaire status, he continues to focus on innovation, quality, and long-term growth. A Legacy Built on Grit and Vision
8 / 8
Inder Jaisinghani's rise from Mumbai's chawl to billionaire boardrooms is proof that determination and smart decision-making can rewrite destinies. Today, he leads a Rs 1 lakh crore company with global ambitions—while staying rooted in the values that shaped his early years.
(Images Credit: @aditya_kondawar/X, @ForbesIndia/X, @NSEIndia/X)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Kisan Credit Card accounts in PSBs down 1.8% to 22.5 million in FY25
Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier New Delhi Listen to This Article The number of Kisan Credit Card (KCC) accounts in public sector banks fell by 1.8 per cent year-on-year to 22.5 million in FY25, even as the outstanding loan amount grew by a marginal 2.2 per cent growth to ₹41,300 crore during the period, a senior government official said on the condition of anonymity. The decline in active KCC accounts reflects multiple structural shifts in rural lending, the official said. 'Farmers' incomes have improved over the years, with many moving out of farming, while in some states they increasingly prefer co-operative banks, NBFCs or input-linked credit like fertilier cards, reducing drawdowns
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Shivraj Chouhan echoes PM's call, urges citizens to use indigenous products
Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan on Sunday once again echoed the Prime Minister's appeal by urging citizens to purchase products made within the country. Prime Minister Narendra Modi had on Saturday, during the disbursement of the 20th instalment of the PM-Kisan Samman Nidhi in Varanasi, urged the nation to buy indigenous products. Reaffirming the government's commitment to strengthening the economy, the Union Agriculture Minister reiterated the Prime Minister's appeal today: "Dear sisters and brothers--nieces and nephews, everyone lives for themselves--insects, birds, and animals. But what's the point of living only for oneself? We must live for our country. Living for the nation is what the Honourable Prime Minister taught us yesterday. He appealed to us to buy only those products for our homes that are made in our own country." "Dear sisters and brothers, whether something is made in your village, in a nearby city, in your district, in your state, or anywhere in our country, buy only those things. The Indian economy is growing rapidly. Today, we are ranked fourth in the world, and very soon, we will reach the third position. And this nation of 1.44 billion people is a huge market. If we resolve to buy and use only things made in our country, then our farmers, our small-scale producers, self-help groups, and local artisans- everyone will see their income increase. And when their earnings grow, our economy will become stronger. Why should our money go abroad? Let it provide livelihoods to our own children. I will live for my country, and you too should live for the means, buy only products that are Made in India. Thank you!" Earlier, he said that the welfare of farmers is a top priority of the government under the leadership of Prime Minister Narendra Modi. Addressing the gathering of farmers, officials and dignitaries in Patna, Agriculture Minister Chouhan said that with the help of the Direct Benefit Transfer scheme, the government is ensuring that the assistance reaches directly into the accounts of the farmers. Highlighting the measures for farmers' welfare, under the leadership of Prime Minister Narendra Modi, Chouhan said that with the help of DBT (Direct Benefit Transfer), the government is ensuring that the assistance reaches directly into the accounts of the farmers. He said, "Earlier, farmers used to get only a few pennies of Rs 1 sent by the government, but now they receive the whole amount without any leakage.
India.com
an hour ago
- India.com
PM Modi Set To Inaugurate Bengaluru Metro Yellow Line, Lay Foundation Phase 3 Expansion
Bengaluru's metro system is run by the Bangalore Metro Rail Corporation Limited (BMRCL), a joint partnership between the Government of India and the Karnataka government. Meanwhile, in a post on the social media platform X, Tejasvi Surya informed that both the projects are set to benefit nearly 25 lakh people in Bengaluru South, the constituency he represents. 'Hon. PM Sri Narendra Modi Ji's visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South,' Surya wrote. 'He will not only inaugurate the long-awaited Yellow Line Metro operations but also lay the foundation stone for Metro Phase 3 - a project that received Cabinet approval within the first 100 days of his third term. Together, these projects will benefit nearly 25 lakh people in Bengaluru South,' the post added. Hon. PM Sri @narendramodi Ji's visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South. He will not only inaugurate the long-awaited Yellow Line Metro operations but also lay the foundation stone for Metro Phase 3 - a project that received Cabinet approval… — Tejasvi Surya (@Tejasvi_Surya) August 3, 2025 On August 2, Union Minister of Housing and Urban Affairs, Manohar Lal, also announced that PM Modi is set to inaugurate the 19.15 km Yellow Line from RV Road to Bommasandra of Bengaluru metro on August 10. Additionally, he will also lay the foundation stone for the proposed 44.65 kilometre phase 3 project will be built at the cost of Rs 15,611 crore. "I am pleased to announce that the Prime Minister of India has kindly agreed to inaugurate 19.15 km Yellow Line from RV Road to Bommasandra of Bangaluru metro with 16 stations at the cost of Rs 5,056.99 Cr and lay the foundation stone of 44.65 km of Bangalore phase-3 at the cost of Rs 15,611 Crore on 10th August 2025," the office of the Union minister mentioned on X. I am pleased to announce that the Hon'ble Prime Minister of India has kindly agreed to inaugurate 19.15 km Yellow Line from RV Road to Bommasandra of Bangaluru metro with 16 stations at the cost of Rs 5,056.99 Cr and lay the foundation stone of 44.65 km of Bangalore phase-3 at… — Office of Manohar Lal (@officeofmlk) August 2, 2025 India currently has the third-largest metro network in the world, and it is on track to become the second. With metro lines now stretching across more cities and longer distances, nearly 1 crore people rely on these networks every single day. Closer to home, Bengaluru's 'Namma metro' stands as the second-longest metro network in the country, carrying over 8 lakh daily commuters.
