Finolex Cables Limited: Market Research Report
Company Overview
Name, Mission of the Company
- Name: Finolex Cables Limited
- Mission: To maintain Leadership by being the Largest and most Diversified Cable Company in India through Total Quality, Latest Technology, and the Best Customer Service.
Foundation and Founders
- Founded: 1958
- Founders: Pralhad P. Chhabria and Kishan P. Chhabria
Key People
- Nikhil Manohar Naik: Non-Executive Director
- Ratnakar Prakash Barve: Executive Director
- Sriraman Raghuraman: Non-Executive Independent Director
- Zubin Framroze Billimoria: Non-Executive Independent Director
- Vanessa Singh: Non-Executive Independent Director
Headquarters
- Location: 26-27, Mumbai-Pune Road, Pimpri, Pune - 411 018
Number of Employees
- No information is available
Revenue
- No information is available
Company Specialties
- Known for being the largest and most diversified cable company in India, recognized for consistent quality, innovation, safety standards, and an extensive product portfolio across multiple electrical segments.
Products
Product Offerings
- Wires & Cables
- Fans
- Water Heaters
- Switches
- Switchgear
- Home Appliances (including room heaters and irons)
- Lights
- Conduits & Fittings
- Smart Homes (including smart switches and smart door locks)
High-Level Description and Key Features
Wires & Cables
- Description: Wide range includes PVC Insulated Cables, High Voltage Cables, Auto & Battery Cables, LAN Cables, and Fiber Optic Cables.
- Key Features: Flame Retardant (FR) properties, fire-resistant low-smoke (FRLS), Halogen-Free Flame Retardant (HFFR), compliance with BIS safety norms.
Smart Homes
- Products: Smart switches and smart door locks
- Key Features: Convenience, security, energy efficiency, modern design integration.
Fans and Lighting
- Description: Includes decorative lighting solutions and a variety of fans.
- Key Features: Energy-efficient, stylish designs, various power and speed options.
Water Heaters and Room Heaters
- Description: Innovative heating solutions for household use.
- Key Features: Safety mechanisms, energy-saving features, rapid heating technology.
Switches and Switchgear
- Description: Range includes switches, modular switches, and switchgear components.
- Key Features: High durability, safety assurance, ease of installation.
Recent Developments
New Products and Innovations
- Smart Solutions: Launched a new range of smart switches and smart door locks in September 2023.
- LAN Components: Extended LAN portfolio with passive components in November 2023.
New Features Added
- Eco-Friendly Initiatives: Introduced FinoGreen Eco-Safe, Halogen-Free Wires in April 2024, emphasizing safety and environmental standards in electrical installations.
New Partnerships and Expansions
- Partnership with J-Power Systems Corporation: Collaboration to provide turnkey solutions in EHV cable systems.
- Warehouse Expansion: Inaugurated a Finolex Hub in Bengaluru in October 2023, enhancing market presence and distribution efficiency.
- Major Investment in Maharashtra: Significant investment of Rs. 580 crores for expansion in Maharashtra as of February 2024.
Board of Directors
Board Members
- Mr. Nikhil Manohar Naik: Non-Executive Director
- Mr. Ratnakar Prakash Barve: Executive Director
- Mr. Sriraman Raghuraman: Non-Executive Independent Director
- Mr. Zubin Framroze Billimoria: Non-Executive Independent Director
- Mrs. Vanessa Singh: Non-Executive Independent Director
Quality and Safety Commitment
- Certifications: ISO 9001 and ISO 14001 certifications across all product lines and plants.
- Quality Assurance: Adherence to stringent quality standards, fostering partnerships, and continuous improvement programs across the value chain.
Environmental Responsibility
- Sustainability Initiatives: Focus on preventing pollution, efficient resource utilization, and ongoing assessment and improvement of occupational health and safety standards.
Conclusion
Contact Information
- Address: 26-27, Mumbai-Pune Road, Pimpri, Pune - 411 018
- Phone: +91-20-27506200
- Email: sales@finolex.com
This concludes the detailed company-focused market research report on Finolex Cables Limited. No additional commentary is included as specified.
