Polycab India Limited (BSE:542652, NSE: Polycab) has appointed Mr. Vivek Sharma as Deputy Managing Director effective October 4, 2021.
Mr. Sharma brings with him more than 35 years of rich corporate work experience having led large teams, for Global and National brands of repute. He has strengthened businesses and brands across diverse sectors like FMEG, ECM, Lighting and Consumer Durables, that saw accelerated industry leading growth in both revenues and profits. Prior to joining Polycab India, Mr. Sharma was Managing Director, Panasonic Life Solutions India where he was the first Indian Managing Director, to head the electricals arm of Panasonic Group in India.
Mr. Inder.T. Jaisinghani, Chairman & Managing Director, Polycab India Ltd., said, “Vivek brings with him an extensive work experience and diverse capabilities to contribute to our continued growth leadership. On behalf of the entire organization, I welcome him to Polycab India Ltd. and wish him unprecedented success.”
Speaking about his appointment, Mr. Vivek Sharma, Deputy Managing Director, Polycab India Ltd., said, “I am deeply honoured to be a part of Polycab India Ltd. I would like to thank Mr. Jaisinghani, for giving me this opportunity. I am excited to be part of this outstanding Polycab team. We shall be bolstering the industry domain expertise and manufacturing capabilities that have now made Polycab India Ltd the growth leader across sectors.”
An alumnus of Symbiosis Institute of Business Management, Mr. Vivek has also done Advanced Management course from IIM’s (Ahmedabad, Kolkata and Bangalore). He is a TEDX Speaker, acknowledged Trainer and an ICF trained coach.
PIL is a leading Electricals brand with over Rs 89 billion revenue. PIL is the largest manufacturer of Wires and Cables in India and one of the fastest growing player in the FMEG space. PIL manufactures and sells various types of cables, wires, electric fans, LED lighting and luminaires, switches and switchgears, solar products, pumps and conduits and accessories. Polycab caters to various public and private institutions across a diverse set of industries, as well as retail customers through its B2C business. PIL has a strong a Pan-India distribution network of over 4,100+ authorized dealers and distributors who in turn cater to over 165,000+ retail outlets. Business operations are managed through a corporate office, 4 regional offices, 16 local offices across India and over 50 warehouses located across the nation. PIL owns 23 manufacturing facilities located across the states of Gujarat, Maharashtra, Uttarakhand, and District of Daman. PIL puts strong emphasis backward integration of its manufacturing process and building in-house research and development ‘R&D’ capabilities to adhere to various national and international quality certifications. PIL has also exported goods to over 55 countries in past few years.
For further information, please visit www.polycab.com
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