Inder Jaisinghani, who grew up in a slum in Mumbai, had to leave school at the age of 15. Despite this setback, he went on to amass a personal fortune of $8.6 billion. As the Chairman and Managing Director of Polycab India Limited, his journey serves as a powerful reminder that with dedication and determination, no challenge is insurmountable.

Background

Inder Jaisinghani was born in Lohar Chawl, Mumbai, and spent his childhood in humble surroundings. He assisted with the family’s small business as part of his daily routine. However, due to family obligations, he had to leave school at the age of 15. Around the same time, his father passed away unexpectedly, leaving him with the responsibility of the household and the business. Through sheer determination and hard work, he transformed a modest electrical shop in Lohar Chawl into a thriving business empire.

Business strategies

Polycab began as a small electrical shop in Lohar Chawl. Inder Jaisinghani took the helm of the company in 1997, using his business acumen to transform it into the largest wire and cable manufacturing company in the country. Inder implemented various strategies to elevate Polycab, including expanding into new markets and prioritising the improvement of product quality.

Company's success

Inder Jaisinghani prioritised quality and innovation at Polycab, striving to offer better products and services. As a result, Polycab has gained the trust of customers not only in India but also in over 70 countries worldwide. A strong advocate for the 'Make in India' initiative, Inder has guided Polycab to achieve significant success in the Indian domestic market before expanding its reach in the global arena. 

Influential businessman

Inder Jaisinghani's leadership has established him as one of the country's most influential businessmen. Through Polycab's Corporate Social Responsibility (CSR) initiatives, he has made significant contributions to supporting economically and socially disadvantaged communities.

Also read: GeeksforGeeks: How this IITian transformed a simple blog into an Edtech platform