Finolex Group
 | |
| Private company | |
| Founded | 1958 |
| Founder | P. P. Chhabria and K. P. Chhabria |
| Headquarters | Pune, India |
| Products | Cables |
| Revenue | ₹52.55 billion (US$780 million) |
Number of employees | 9,000 |
| Subsidiaries | Finolex Cables Ltd., Finolex Industries Ltd., Finolex J-Power Systems Ltd. and Finolex Plasson Industries Ltd |
| Website |
www |
Finolex Group is a private sector conglomerate based in Pune, India.[1] The Finolex Group comprises Finolex Cables Ltd., Finolex Industries Ltd., Finolex J-Power Systems Ltd. and Finolex Plasson Industries Ltd. In July 1945, two young brothers P.P Chhabria and K.P Chhabria came to Pune from Karachi in search of a livelihood and within six months set up a small shop selling electrical cables. The retail business became quite successful. A sizable order in the mid 1950s from the Defence Department for wire harnesses for trucks and tanks bolstered their confidence and they decided to manufacture Cables, themselves.
Starting as a small-scale industrial unit in 1956, they manufactured PVC insulated cables for the automobile industry. Finolex brand was born from "Fine" & "Flexibles" and "O" with an electric arc across it - signifying the electrical cable business the company was in. Their relentless search for growth and doughty perseverance saw them through some difficult times and in 1972 the enterprise turned into a limited company.
Since then, there has been no looking back and following a public offering in July 1983, Finolex Cables Limited embarked on a continuous process of expansion and modernization which enabled it to become the most diversified & largest cable manufacturer in the country.
Their relentless quest for growth saw the brothers establishing Finolex Industries Limited (FIL) in 1981. The company sought to manufacture Rigid PVC Pipes and Fittings at Pune, which find large-scale application in the agriculture sector. In a shrewd move towards backwards integration, the company has set up a PVC resin manufacturing facility at Ratnagiri on the west coast of India.
The early nineties saw the Finolex Group expanding into new business domains to manufacture Optic Fibre Cables and Copper Rods. Today the Group turnover exceeds Rs. 30 Billion (about US$750 million)
Finolex Cables Ltd (FCL) and Finolex Industries Ltd (FIL) are the two group companies whose equity shares are listed on the Bombay Stock Exchange and National Stock Exchange. Global Depository Receipts of Finolex Cables Limited are also listed on the Luxembourg Stock Exchange. Professionally managed, with continuous updating of technology and strict quality controls, Finolex strives for maximum customer satisfaction. Over the years, it has attained a significant position on the industrial map of India.
History
In July 1945, two young brothers, P. P. Chhabria and K. P. Chhabria, came to Pune from Karachi in search of a livelihood and within six months set up a small shop selling electrical cables. The retail business became quite successful. A sizable order in the mid-1950s from the Defence Department for wire harnesses for trucks and tanks bolstered their confidence and they decided to manufacture cables, themselves.
Starting as a small-scale industrial unit in 1956, they manufactured PVC insulated cables for the automobile industry. Finolex brand was born from "Fine" and "Flexibles" and "O" with an electric arc across it – signifying the electrical cable business the company was in. Their relentless search for growth and doughty perseverance saw them through some difficult times and in 1972 the enterprise turned into a limited company.
Following a public offering in July 1983, Finolex Cables Limited embarked on a continuous process of expansion and modernization which enabled it to become the most diversified and largest cable manufacturer in the country.
Their quest for growth saw the brothers establishing Finolex Industries Limited (FIL) in 1981. The company sought to manufacture rigid PVC pipes and fittings at Pune, which find large-scale application in the agriculture sector. In a move towards backwards integration, the company has set up a PVC resin manufacturing facility at Ratnagiri on the west coast of India.
The early 1990s saw the Finolex Group expanding into new business domains to manufacture optic fibre cables and copper rods. Today the group turnover exceeds Rs. 30 billion (about US$750 million).
Finolex Cables Ltd (FCL) and Finolex Industries Ltd (FIL) are the two group companies whose equity shares are listed on the Bombay Stock Exchange and National Stock Exchange of India. Global depository receipts of Finolex Cables Limited are also listed on the Luxembourg Stock Exchange. Professionally managed, with continuous updating of technology and strict quality controls, Finolex strives for maximum customer satisfaction. Over the years, it has attained a significant position on the industrial map of India.
Group of Companies
1.Finolex Cables Ltd. 2.Finolex Industries Ltd. 3.Finolex J-Power System Pvt. Ltd. 4.Finolex Plasson Industries Ltd.
Products
1.Wire. 2.Cable. 3.CFL. 4.Switches 5.Copper Rods. 6.PVC Pipe. 7.PVC Resin. 8.Optic Fibre. 9.Chemical.
Education
1.FAMT. 2.I2IT 3.Mohini Chabaria School. 4.Industrial Training Institute. 5.Ratnagiri School.
References
- ↑ Site Search. "Finolex Cables". Finolex.com. Retrieved 29 July 2010.