From Mumbai's Humble Chawl To Becoming A Billionaire -- Meet Inder Jaisinghani Who Built Rs 7,25,88,51,50,000 Net Worth

From Mumbai's Lohar Chawl to becoming one of the richest people in India, Inder Jaisinghani's quick ascent serves as a reminder that anyone who perseveres and faces obstacles head-on can have the last laugh. As Chairman and Managing Director of Polycab India Ltd., Jaisinghani has been instrumental in turning the company from a small trade firm into the biggest producer of wires and cables in India. 

By beating all odds, Jaisinghani, who dropped out of school at 15, became one of India's richest people, with a net worth of $8.6 billion (Rs 7,25,88,51,50,000).

 

Inder Jaisinghani's story starts at the Lohar Chawl in Mumbai. To help support his family and run their modest business after his father's untimely death, Jaisinghani left school at the age of 15. Whatever difficult time he was going through, he kept on living his life with the conviction that it would end one day and he would taste success. He joined the business and eventually, he was in charge of Polycab. He poured in his blood, sweat, and tears to help Polycab ascend the ladder of success.

Jaisinghani became the Chairman and Director of Polycab in 1997. He oversaw the company's growth into new markets and made it a household name in the electrical manufacturing sector. He officially took on the position of Chairman and Managing Director in 2019. Through his unrelenting effort and teamwork, he made Polycab the nation's biggest producer of wires and cables. 

According to the Polycab website, under Jaisinghani's direction, the business has grown significantly over the past 50 years. The website further describes him as a fervent supporter of the "Make in India" initiative, promoting the nation's innovative manufacturing capacity for both domestic and foreign markets. He has a strong commitment to social responsibility and is actively striving to improve economically and socially disadvantaged communities through Polycab's CSR initiatives, the website says.

Forbes India Rich List estimates Jaisinghani's net worth to be an astounding $8.6 billion, making him one of the richest businessmen in the nation.

Jaisinghani's sharp business acumen has helped Polycab India Limited become the biggest wire and cable maker in India and one of the fastest-growing FMEG firms. Along with its outstanding services in cities across India, Polycab has also served customers in more than 70 nations worldwide.