Rank #1632
Ajay Jaisinghani
Net worth $2.6B
Wires and cables · India
- Born
- Jan 12, 1952
- Age
- 74
- Source
- Wires and cables
- Residence
- Mumbai
- Citizenship
- India
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- 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.
Financial assets
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