List of the Top Wire and Cable Companies in India [2026 Updated List]

India’s wire and cable industry has emerged as one of the fastest-growing sectors in the electrical infrastructure landscape. According to Mordor Intelligence, the India Wire and Cable Market size is estimated at USD 21.22 billion in 2025, and is expected to reach USD 32.85 billion by 2030, at a CAGR of 9.13% during the forecast period (2025-2030).

This comprehensive guide analyzes the top wire and cable companies in India based on market share, financial performance, manufacturing capabilities, and growth prospects. Whether you’re a procurement professional, investor, or industry stakeholder, this updated list provides essential insights into the market leaders shaping India’s electrical infrastructure.

India’s Wire and Cable Industry: Market Overview 2026

The industry’s growth is being driven by multiple converging factors. Housing demand, renewable-energy targets, and rapid telecom upgrades are converging to keep large-volume orders flowing to cable makers, while mandatory BIS certification is nudging buyers toward organized suppliers.

Utility projects linked to the government’s pledge of 500 GW of non-fossil capacity by 2030 are creating multi-year procurement pipelines for extra-high-voltage (EHV) products. Additionally, 5G fiberisation and data-center corridors are expanding the addressable market for low-loss optical-fiber cables.

Key Growth Drivers

The renewable energy expansion continues to fuel demand significantly. Mordor Intelligence reports that installed renewable capacity reached 217.62 GW by January 2025, and the grid needs thousands of circuit-kilometers of EHV and flexible DC cables to transmit output from desert and coastal clusters to load centers.

The 5G deployment represents another major growth catalyst. India has rolled out 4.69 lakh 5G base stations since October 2022, yet only 35% of towers are fiberised, leaving massive headroom for optical-fiber deployment.

As highlighted at the Cable & Wire Fair 2025, the market size of the cable industry in India is currently valued at USD 21 billion and is projected to grow to USD 33 billion by 2030, at a CAGR of around 9%. India’s growth is not a headline—it’s a hardware story where every rupee of CAPEX translates into kilometers of wiring cable.

Market Leaders and Competitive Landscape

The organized segment controls about 74% of the Indian wire and cable market, yet no single player tops one-fifth share, keeping rivalry intense.

The top players in India’s organized cables and wires market as of 2025:

1. Polycab India Limited – According to Trade Brains, the company expanded its market share by 100 basis points, now holding around 27 percent of India’s organised cables and wires market, up from 25-26 percent in FY24 and 18-19 percent in FY19.
2. KEI Industries Limited – KEI Industries holds 9% share through project verticals in EHV turnkey contracts.
3. Havells India Limited – As of February 2025, the market share of Havells India in the wires and cables segment stood at 7.9 percent.
4. RR Kabel Limited – R R Kabel has a market share of 5.2 percent as of February 2025 with premium housing-wire positioning.
5. Finolex Cables Limited – A leading manufacturer with strong optical fiber capabilities.

Emerging Competition

Competitive intensity is rising as new copper smelters and backward integration moves lower raw-material risk for large entrants, prompting incumbents to accelerate capacity and brand investments. New entrants such as Adani and Birla are banking on backward integration to reset cost curves and challenge incumbent pricing assumptions.

Industry Outlook

According to SOIC research, organized cable and wire manufacturers are projected to achieve a revenue growth of 15-16% in FY26, following a solid growth trajectory of 16% in FY25.

Wire & Cable India reports that in 2025, India generated 1,821 billion units of electricity — a 5% increase over the previous year. The country’s grid network has expanded to over 4.6 lakh circuit kilometers and is expected to reach 6 lakh by 2030, with transmission investments projected to exceed INR 10 lakh crore by 2032.

Top 10 Wire and Cable Companies in India (2026)

1. Polycab India Limited – The Undisputed Market Leader

Market Position: #1 with 26-27% organized market share
Revenue: INR 224.1 billion (USD 2.7 billion) in FY25
Growth: 28% year-over-year revenue growth

Polycab India maintains its position as India’s largest wire and cable manufacturer through strategic expansion and product diversification. The company operates 28 manufacturing units across six states with a combined production capacity of 6 million kilometers annually.

Key Strengths:

• International presence in 79 countries with 8% revenue from exports
• Comprehensive product portfolio covering wires, cables, and electrical accessories
• Strong brand recognition and extensive distribution network
• Robust R&D capabilities with focus on sustainable products

Recent Developments:

• Achieved FY26 revenue target ahead of schedule
• Expanded manufacturing capacity by 15% in FY25
• Launched a new range of fire-resistant cables for infrastructure projects

2. KEI Industries Limited – The Growth Champion

Market Position: #2 in the organized market
Revenue: INR 97.36 billion in FY25
Growth: 19.89% revenue growth

KEI Industries has established itself as a formidable player through aggressive expansion and international market penetration. The company’s ambitious growth targets include reaching INR 10,000 crores by FY26 and INR 20,000 crores by 2030.

Key Strengths:

• Manufacturing presence across 6 units with advanced technology
• Strong export performance with 13% revenue from international markets
• Presence in 60+ countries globally
• Planned investment of INR 400 crores for capacity expansion

Product Focus:

• Extra High Voltage (EHV) cables for power transmission
• Optical fiber cables for telecom infrastructure
• House wires and building wires for the construction sector

3. Havells India Limited – The Diversified Giant

Market Position: #3 in the cable segment
Total Revenue: INR 185.5 billion
Cable Revenue: INR 63.18 billion (34% of total revenue)

Havells India leverages its diversified electrical portfolio to maintain a strong position in the cable market. The company’s integrated approach across electrical products provides significant competitive advantages.

Key Strengths:

• 15 manufacturing plants across India
• Strong brand presence in both consumer and industrial segments
• Comprehensive distribution network with 8,000+ dealers
• Recent commissioning of new cables plant in Tumkur, Karnataka

Strategic Advantages:

• Cross-selling opportunities across product categories
• Strong relationships with electrical contractors and builders
• Focus on premium segment with higher margins

4. Finolex Cables Limited – The Wire Market Leader

Market Position: 24.9% organized wire market share
Revenue: INR 50.14 billion
Specialization: Market leader in building wires

Finolex Cables commands significant market share in the wire segment while expanding its fiber optic capabilities. The company’s INR 500 crore investment to double fiber capacity to 8 million kilometers demonstrates commitment to telecom infrastructure growth.

Key Strengths:

• Dominant position in house wires and building wires
• Strong brand recognition in residential construction
• FinoGreen eco-friendly product range
• Strategic focus on telecommunications cables

Innovation Focus:

• Development of lead-free, eco-friendly wire solutions
• Advanced manufacturing processes for consistent quality
• Investment in fiber optic technology for 5G infrastructure

5. RR Kabel – The Export Powerhouse

Market Position: Largest wire and cable exporter
Revenue: INR 65.95 billion
Export Share: 26% of revenue from international markets
Global Presence: 67 countries

RR Kabel stands out as India’s premier cable exporter, serving diverse international markets with high-quality products. The company’s planned INR 1,200 crore capex over three years indicates aggressive expansion strategy.

Key Strengths:

• Strongest international presence among Indian manufacturers
• Comprehensive product range for diverse applications
• Advanced manufacturing facilities with global quality standards
• Strong relationships with international distributors and contractors

6. Apar Industries – The Global Conductor Leader

Market Position: World’s largest conductor manufacturer
Revenue: INR 184.92 billion
Export Revenue: 45.2% from international markets
Global Presence: 140+ countries

Apar Industries demonstrates global leadership in conductor manufacturing while maintaining strong positions in cables and transformer oils. The company’s diversified portfolio provides resilience against market fluctuations.

Key Strengths:

• Leading global market share in conductors
• Strong presence across four continents
• Integrated business model spanning multiple electrical components
• Focus on high-voltage transmission solutions

7. Sterlite Technologies (STL) – The Fiber Optic Specialist

Market Position: India’s largest optical fiber manufacturer
Specialization: Optical fiber and telecom infrastructure
Global Operations: Four continents

Sterlite Technologies maintains leadership in optical fiber manufacturing despite recent market challenges. The company’s comprehensive global operations position it well for 5G infrastructure expansion.

Key Strengths:

• Advanced fiber optic manufacturing capabilities
• Strong relationships with telecom operators
• Global technology partnerships
• Focus on next-generation connectivity solutions

8. V-Guard Industries – The South Indian Leader

Market Position: Strong regional presence
Revenue Growth: Consistent double-digit growth
Focus: Consumer electrical products including cables

V-Guard Industries leverages its strong brand presence in South India to compete effectively in the cable market, particularly in the consumer segment.

9. Nicco Corporation – The Infrastructure Specialist

Market Position: Focus on infrastructure and industrial cables
Specialization: High-voltage and specialty cables

Nicco Corporation targets niche segments with specialized cable solutions for infrastructure and industrial applications.

10. Universal Cables – The Emerging Player

Market Position: Growing presence in organized market
Focus: Building wires and industrial cables

Universal Cables demonstrates strong growth potential through strategic positioning in high-growth segments.

List of the Top Wire Companies in India in 2026

These companies represent the diverse and innovative landscape of the wire and cable industry in India. Each of them plays a vital role in supporting various sectors of the economy, contributing to the nation’s growth and development.

*Disclaimer: The information provided regarding the list of top wire and cable companies in India is solely for informational and educational purposes. It is important to note that this list is not exhaustive and does not endorse any specific company. The selection of companies is based on publicly available information and is not intended to favor any company over others. Readers are encouraged to conduct their own research and exercise due diligence before making business decisions based on this information. The information’s accuracy, completeness, or relevance cannot be guaranteed, and it is subject to change without notice.

1. Polycab India Limited

Polycab, headquartered in Mumbai, is a leading name in the Indian wire and cable industry. Known for its extensive range of products, including electrical cables, FRP cables, and solar products, Polycab has a strong network of distributors and a reputation for quality and innovation.

Website: Polycab India Limited

2. Havells India Ltd

Havells stands out in the wire and cable segment, with its vast array of products ranging from home and kitchen appliances to lighting for domestic, commercial, and industrial applications. Its commitment to quality and customer service has earned it a formidable reputation.

Website: Havells India Ltd

3. Finolex Cables Ltd

Pune-based Finolex is one of India’s largest manufacturers of electrical and telecommunication cables. Their product portfolio includes a diverse range of electrical wires and cables that cater to various sectors.

Website: Finolex Cables Ltd

4. KEI Industries Limited

KEI is known for its high-quality products, which, include house wires, control cables, high-voltage cables, and rubber cables. With a strong emphasis on R&D, KEI continues to innovate and expand its product offerings.

Website: KEI Industries Limited

5. Sterlite Technologies Ltd

Sterlite Technologies is a global leader in end-to-end data network solutions with a significant presence in the wire and cable industry in India. They specialize in optical fiber and cables, network design, and deployment solutions.

Website: Sterlite Technologies Ltd

6. RR Kabel

A part of RR Global, RR Kabel is known for its range of wires and cables that meet international safety standards. The company prides itself on its innovative, fire-safe products.

Website: RR Kabel

7. V-Guard Industries Ltd

V-Guard offers a wide range of products including voltage stabilizers, inverters, wiring cables, and more. Their focus on quality and innovation has made them a trusted brand in Indian households.

Website: V-Guard Industries Ltd

8. Birla Cable Ltd

Birla Cable specializes in optical fiber cables, and telecommunication cables. They are known for their cutting-edge technology and quality products in the telecommunications sector.

Website: Birla Cable Ltd

9. Apar Industries Ltd

Apar Industries is a key player in the field of conductors, transformers, and specialty oils. They are recognized for their high-quality products and innovative solutions in the wire and cable industry.

Website: Apar Industries Ltd

10. Universal Cables Ltd

One of the oldest cable manufacturing companies in India, Universal Cables offers a wide range of products including power cables, rubber cables, and jelly filled telephone cables.

Website: Universal Cables Ltd

11. Syska Wires and Cables

Part of the renowned Syska Group, this company has rapidly gained recognition for its high-quality electrical wires and cables. Known for its innovation in LED lighting, Syska has also made a name for itself in the wire and cable sector with its reliable and safe products.

Website: Syska Wires and Cables

12. Anchor Electricals Pvt. Ltd. (A Panasonic Group Company)

Anchor, now a part of Panasonic, has a long-standing reputation in the Indian electrical industry. The company offers a wide range of products, including advanced wires and cables known for their safety and durability.

Website: Anchor Electricals

13. Diamond Power Infrastructure Ltd.

Based in Vadodara, Diamond Power Infrastructure is one of the leading manufacturers of cables and conductors in India. Their product range includes power cables, conductors, and transmission towers, known for their quality and performance.

Website: Diamond Power Infrastructure Ltd.

14. Gupta Power Infrastructure Ltd.

Gupta Power is recognized for its comprehensive range of products that include cables, conductors, and LED lighting. Their innovative approach and focus on quality make them a notable player in the wire and cable industry.

Website: Gupta Power Infrastructure Ltd.

15. RPG Cables (Part of KEC International)

RPG Cables, a part of the RPG Group and KEC International, has a rich history in the Indian cable industry. They offer a wide range of products including power cables, control cables, and optical fiber cables.

Website: RPG Cables

16. Shilpi Cable Technologies

Shilpi Cable Technologies has emerged as a significant player in the cable industry with its diverse range of products that cater to various sectors including telecom, automotive, and energy.

Website: Shilpi Cable Technologies

17. Torrent Cables Ltd.

Part of the Torrent Group, this company specializes in manufacturing a wide range of cables, particularly focusing on power cables. They are known for their high standards of quality and reliability.

Website: Torrent Cables Ltd.

18. Cords Cable Industries Ltd.

Cords Cable Industries is known for its industrial cables that are used in various sectors like telecommunications, power, and infrastructure. They are recognized for their quality and innovation.

Website: Cords Cable Industries Ltd.

19. Nicco Corporation Ltd.

Nicco Corporation has a significant presence in the cable manufacturing sector, offering a range of power and control cables. They have a strong focus on technology and customer service.

Website: Nicco Corporation Ltd.

20. Paramount Communications Ltd.

Paramount Communications offers a broad spectrum of cables, including power, control, and instrumentation cables. They are known for their commitment to quality and excellence in the cable manufacturing.

Website: Paramount Communications Ltd.

Industry Growth Drivers and Future Outlook

Renewable Energy Sector Creates Unprecedented Demand

India’s renewable energy expansion drives substantial cable demand, with installed capacity reaching 217.62 GW by January 2025. The Central Electricity Authority (CEA) estimates thousands of circuit-kilometers of extra-high-voltage (EHV) cables needed for grid integration.

Key Opportunities:

• Solar rooftop installations exceeding 1 million under the PM Surya Ghar scheme
• Wind power expansion requires specialized cables
• Grid modernization for renewable energy integration
• Energy storage systems are creating new cable requirements

Telecommunications Infrastructure Transformation

The 5G rollout has deployed 4.69 lakh base stations since October 2022, with IEEMA projecting massive fiber deployment requirements. Only 35% of towers are currently fiberized, creating multi-year demand opportunities.

Market Drivers:

• Target of near-100% fiber backhaul to 120 million households
• Domestic fiber output exceeding 100 million fiber-kilometers in FY24
• India is emerging as a net exporter of optical fiber
• Smart city initiatives require extensive fiber infrastructure

Housing and Construction Sector Momentum

The nationwide push for 100 million new homes directly drives housing wire demand, which commanded 32.8% market share in 2024. Rising middle-class population projected at 580 million by 2025 fuels demand for quality electrical components.

Market Disruption: UltraTech Cement’s Entry

February 2025 Announcement: UltraTech Cement announced its entry into the wire and cable market with INR 1,800 crore investment, causing immediate 10-18% stock price declines across existing players.

This entry by the Aditya Birla Group signals potential market consolidation and intensified competition, particularly in the building wire segment, where UltraTech’s cement business provides natural synergies.

Quality Standards and Certifications

BIS Certification Requirements

All wire and cable manufacturers must comply with Bureau of Indian Standards (BIS) certification requirements. Key standards include:

• IS 694:2010 for PVC insulated cables
• IS 1554:2013 for electrical wires
• IS 7098:2018 for optical fiber cables
• IS 10810:2013 for building wires

International Standards Compliance

Leading manufacturers also comply with international standards:

• IEC (International Electrotechnical Commission) standards
• UL (Underwriters Laboratories) certifications for export markets
• CE marking for European markets
• RoHS compliance for environmental safety

Technology and Innovation Trends

Sustainable and Eco-Friendly Solutions

• Lead-free cable compounds for environmental safety
• Recyclable materials in cable construction
• Low-smoke, halogen-free cables for safety applications
• Solar-grade cables with enhanced UV resistance

Advanced Manufacturing Technologies

• Cross-linked polyethylene (XLPE) insulation technology
• Aluminum conductor steel reinforced (ACSR) cables
• High-temperature superconductor cables for special applications
• Smart cables with integrated monitoring capabilities

Regional Manufacturing Hubs

Major Manufacturing Clusters

• Gujarat: Hosts multiple large-scale manufacturing facilities
• Maharashtra: Strong presence of cable manufacturers
• Tamil Nadu: Focus on automotive and industrial cables
• Karnataka: Emerging hub with new investments
• Uttar Pradesh: Growing manufacturing base

Export Performance and Global Presence

India’s wire and cable industry demonstrates strong export performance:

• Total exports: USD 2.1 billion in FY24
• Growth rate: 12% year-over-year
• Key markets: Middle East, Africa, Southeast Asia, Latin America
• Product focus: Conductors, power cables, optical fiber cables

Investment Opportunities and Market Entry Strategies

For Investors

• Focus on companies with strong export capabilities
• Consider firms with renewable energy exposure
• Evaluate manufacturing efficiency and technology adoption
• Assess brand strength in key market segments

For New Entrants

• Identify niche segments with limited competition
• Ensure compliance with BIS certification requirements
• Develop strong distribution networks
• Focus on technology differentiation

Industry Challenges and Risk Factors

Raw Material Price Volatility

• Copper and aluminum price fluctuations impact margins
• Need for effective hedging strategies
• Long-term contracts help stabilize costs

Regulatory Compliance

• Evolving safety and environmental standards
• Regular audits and quality certifications required
• Import duties affecting raw material costs

Competition Intensification

• Entry of new players increasing competitive pressure
• Price competition affecting profitability
• Need for continuous innovation and efficiency improvements

Future Outlook: 2025-2030 Projections

Market Growth Expectations

The Indian wire and cable market is projected to reach USD 30-33 billion by 2030, driven by:

• Infrastructure development under various government schemes
• Electric vehicle adoption requires specialized cables
• Smart grid implementation across states
• Continued renewable energy expansion
• 5G and beyond telecommunications infrastructure

Technology Evolution

• Integration of IoT and smart monitoring capabilities
• Development of superconducting cables for high-efficiency transmission
• Advanced materials for extreme environment applications
• Sustainable manufacturing processes and circular economy adoption

Conclusion

India’s wire and cable industry presents exceptional growth opportunities driven by infrastructure development, renewable energy expansion, and technological advancement. The top companies profiled in this analysis demonstrate strong fundamentals, innovative capabilities, and strategic positioning for continued success.

Key Takeaways:

• Polycab India maintains clear market leadership with a strong growth trajectory
• Export-oriented companies like RR Kabel and Apar Industries show resilience
• Technology specialists like STL benefit from telecom infrastructure expansion
• New entrants like UltraTech Cement will intensify competition
• Quality and compliance remain critical success factors

For stakeholders in the construction, electrical, and infrastructure sectors, partnering with established players while monitoring emerging opportunities will be crucial for success in this dynamic market.

About Constructionplacements: We provide comprehensive industry analysis and career opportunities in India’s construction and infrastructure sectors. For the latest updates on wire and cable industry trends, visit our industry insights section.

Sources and References:

• Fortune Business Insights – India Wires and Cables Market Report 2032
• Mordor Intelligence – India Wire and Cable Market Analysis
• Bureau of Indian Standards – Product Certification
• Indian Electrical & Electronics Manufacturers’ Association (IEEMA)
• Company annual reports and investor presentations from Polycab, KEI Industries, Havells, and other major manufacturers

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