Ajay Jaisinghani
$2.2B
Born
Jan 12, 1952
Age
74
Source of Wealth
Wires and cables
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
3
Education
- Ajay Jaisinghani gets his wealth from a minority stake in Polycab India, which makes electrical wires and cables.
- Polycab was started as a trading firm in 1986 by his brother Inder Jaisinghani.
- The company makes everything from power cables to solar cables to optical fibre cables for the the power, oil and gas and renewable energy industries.
- In 2014, Polycab expanded into products such as electric fans, LED lighting, switches and switchgear.
- The company, which went public in 2019, got a boost in 2022 from increasing electrification and an uptick in spending in the power sector.
- Son Bharat sits on Polycab's board.
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