In an era where innovation and sustainability drive success, APAR Industries Limited stands as a beacon in the cable solutions sector. During the Investor Day 2024, Mr. Shashi Amin, CEO of Cable Solutions shared insights into the remarkable evolution of the Cables business since its inception in 2008. This article delves into the key highlights of that presentation, showcasing how APAR has positioned itself as a formidable player in both domestic and international markets.

A Transformative Journey

The Cables business of APAR began its journey in 2008 with the acquisition of Uniflex Limited, marking a significant turning point. With an initial turnover exceeding INR 100 crores and challenges to overcome, the business has made substantial strides over the past 15 years. Today, it proudly claims a notable share of the global market, with 51% of its production sold internationally in FY 22-23. Although this figure slightly dipped to below 40% in FY 23-24 due to market fluctuations, the company remains on a robust growth trajectory.

Competing on a Global Scale

APAR competes with leading global players such as Prysmian, Nexans, and Southwire. Its footprint extends across key markets including the United States, Europe, and South America. The company’s ambition to rank among the top three cable manufacturers in India reflects its commitment to excellence and innovation.

Pioneering Innovative Solutions

The introduction of advanced technologies has set APAR apart from its competitors. The company operates five electron beam facilities, producing high-quality cables for various applications, including house wiring, railway systems, and defence projects. Electron beam (E-beam) technology utilizes accelerated electrons to induce chemical and physical changes in materials, enabling applications across various industries. Notably, APAR also leads the market in solar and wind energy solutions, boasting a significant share in these sectors.

One of the standout products is the Medium Voltage Covered Conductor (MVCC), designed to mitigate fire risks in forested areas—a pioneering effort that showcases APAR’s dedication to safety and environmental stewardship. Additionally, APAR’s fire survival cables can withstand extreme temperatures of up to 1,050°C for extended periods, ensuring reliability even in critical situations.

Global Market Potential

With a global wire and cable market valued at approximately USD 210-220 billion and growing at a CAGR of 5-6%, APAR is well-positioned to capitalise on international opportunities. The company aims to increase its presence in regions like North America and Europe, where demand for renewable energy solutions continues to rise.

The Indian cable market is projected to grow significantly, driven by increasing demand in real estate, power distribution, and infrastructure development. Recognising this potential, APAR has restructured its operations into verticals focusing on solar energy, wind energy, and other key sectors.

A Vision for the Future

As Mr. Amin articulated during his presentation, APAR is committed to driving innovation while maintaining a strong focus on sustainability. The journey from its humble beginnings to becoming a recognised leader in cable solutions exemplifies the collective efforts of dedicated team members who contribute tirelessly to this vision.

Looking ahead, APAR remains poised for growth as it embraces new technologies and expands its market reach. The company’s commitment to excellence enhances its brand and reinforces its position as a trusted partner in shaping the future of energy solutions globally.