Early Life and Family
Ajay Jaisinghani, along with his brothers Inder and Ramesh, joined their elder brother Girdhari in managing the family business, Sind Electric Stores, after the passing of their father in 1968. The family, originally from Pakistan, had established the store in Mumbai's Lohar Chawl, a hub for electrical goods.
Rise to Success
In 1983, Ajay, along with his brothers, founded Polycab Industries, which then manufactured electrical goods on a large scale in Gujarat. Under the leadership of Ajay's brother, Inder Jaisinghani, the business expanded and diversified. Polycab India was incorporated in January 1996. In 2019, the company went public.
Key Business Strategies
The primary source of Ajay Jaisinghani's wealth is his stake in Polycab India, a company that manufactures and sells wires, cables, electric fans, LED lighting, and other electrical products. The company's success has been attributed to the increasing demand for its products, especially due to the rising electrification in India.
Current Status
Ajay Jaisinghani is currently a Director at Polycab Wires & Cables Pvt Ltd. since 2005 and also a Director at Jaisingh Finance Pvt Ltd.. He was a Director at Polycab India Ltd. from 2006 to 2021.
