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Product Code : 08
Brand Name : FINOLEX
Product Description


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

The year that went by has been one with tumultuous developments both within India as well as globally. While the Asian economy (barring Japan) continued to grow, the rest of the globe continues to be sluggish. The financial position of many of the European economies has caused quite some concern, as also the political turmoil in the Middle East. Rising commodity prices and inflationary trends in many countries including India have emerged as challenges in the quest for growth.


It is my belief, that despite the high levels of inflation, India continues to be rather well-positioned to achieve continued economic success and growth in this very challenging environment. The demand on Infrastructure, urban development requirements, and measures promised by the government towards improving the rural economy as well as initiatives being taken by the government in ensuring financial inclusion at all levels will generate sufficient investment and propel growth.


Your Company is again well-placed to benefit from the opportunities that the Indian economy will continue to offer. The product offering from your Company is geared to meet the demands that a growing economy will create. Your Company places great emphasis on product quality and believes in using up-to-date and appropriate technology at all its facilities. Another area of focus for the coming period is in the expansion of network and reach, specifically in the North and North Eastern regions of the country, adding Distributors and Dealers to make further inroads in these markets. Your Company believes that people are its best assets and ambassadors, and continues to invest in talent enhancement.


As we embark on a new financial year, I look forward to your continued support and encouragement in taking your Company to greater heights. 



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