Apar Industries

Apar Industries Limited
Company typePrivate
ISININE372A01015
IndustryElectrical conductors, wires and cables, oils and lubricants, polymers
Founded1958 (1958)
FounderDharmsinh Desai
Area served
140+ countries
Key people
  • Dharmsinh Desai (ex-chairman)
  • Kushal Desai (chairman and managing director)
  • Chaitanya Desai (managing director)
Websitewww.apar.com

APAR Industries Limited (BSE: 532259, NSE: APARINDS) is an Indian industrial company[1] headquartered in Mumbai, India.[2][3][4][5] Founded in 1958 by Dharamsinh D. Desai, the company operates across industries including electrical conductors, cables, transformer oils, lubricants, telecom infrastructure, and automotive components.[6][7][8][9] It has been publicly listed on the Bombay Stock Exchange and the National Stock Exchange of India since 2004.[10][11][12][13]

History

APAR Industries was incorporated in 1958 as Power Cables Pvt. Ltd. during India's post-independence electrification drive,[8] initially manufacturing power transmission conductors with capital under ₹1 lakh.[8] In 1968, the company launched its transformer oil, branded as POWEROIL, through a collaboration with U.S.-based Sunoil.[8]

The company expanded into the electrical and telecom cables market in 2008 by acquiring Uniflex Cables.[14][15][16] In 2007–08, Apar entered a licensing agreement with Italy's Eni S.p.A. to produce and distribute automotive and industrial lubricants under the Eni brand in India. In 2022, actor Sonu Sood was appointed brand ambassador for its cable and wire products.[17][18][19][20]

Operations

Its Conductor Division produces high-temperature, low-sag (HTLS) conductors and supplies conductors for railway electrification, including projects in India.[21][15][8] The division has also developed and installed optical ground wire (OPGW) for telecommunications. As of 2024, the company reported having supplied conductors for over 35,000 kilometers of line globally and OPGW for over 10,000 route kilometers.[8]

The company's Transformer Oil business began production in 1968, making it one of the earliest producers in India. The division manufactures a range of products, including white oils and petroleum jelly, under the POWEROIL brand. According to company statements, it holds a significant share of the domestic market for transformer oils and has production facilities in India and the United Arab Emirates.[8][15]

APAR's Cables Division was established following the acquisition of Uniflex Cables in 2008.[15] It operates plants in Gujarat that produce high-tension and rubber cables.[22] A portion of its production is exported to markets in the Middle East and Africa.[15] In 2023, the division was recognized with an award at the India Wind Energy Leadership Awards.[23]

Other divisions include a Telecom Division, which focuses on connectivity infrastructure for networks and data centers, and ARKOS, a Singapore-based subsidiary launched in 2018 that manufactures batteries and tires for electric vehicles.[8]

CSR

Healthcare

  • Dharmsinh Desai Methodist Memorial Hospital (DDMM)[24]
  • Mobile Medical Unit (MMU)[24]

Education

  • Dharmsinh Desai University (DDU)[24]
  • Dr. N. D. Desai Faculty of Medical Science and Research[24]
  • Govardhan Skill Center (GSC)[24]
  • Sister Nivedita School on Wheels[24]

Gender Equality

  • Adruta Children Home[24]

Awards

2022

  • Recognized as a Star Performer – Large Enterprise by EEPC India.[25][26][27]
  • Company of the Year (Cables) at the Rooftop Solar Congress Middle East 2022 Awards[28]
  • Ranked 19th among the 100 Engineering Companies by Industrial Products Finder[29]

2023

2024

  • Aegis Graham Bell Award[31]

References

  1. ^ "APAR IND. Ltd" (PDF). Nirmal Bang.
  2. ^ "Financial Statement Analysis: Case Study of Apar Industries". Research Gate.
  3. ^ Balaji, Madhu (29 March 2024). "Apar Industries to establish its subsidiary in Saudi Arabia". BusinessLine. Retrieved 25 January 2025.
  4. ^ "APR: Apar Industries Ltd Stock Price Quote - Natl India - Bloomberg". Bloomberg.com. Archived from the original on 12 August 2022. Retrieved 26 February 2025.
  5. ^ "Apar Industries Ltd. (532259) Stock Price Today". WSJ. Retrieved 26 February 2025.
  6. ^ "Compounder moving up the value chain" (PDF). Nuvama.
  7. ^ "Nuvama initiates coverage on Apar Industries with Rs 12,700 target, calls it a compounder". The Economic Times. Archived from the original on 13 January 2025. Retrieved 30 October 2025.
  8. ^ a b c d e f g h Paul, Sidhanth. "APAR Industries: The Pickaxes and Tools Fueling Power Sector Growth". Capitalmind. Retrieved 25 January 2025.
  9. ^ "Fit for a king!" (PDF). Analyst report - IDBI.
  10. ^ a b "Fortune India 500 Ranking | Fortune India". www.fortuneindia.com. Retrieved 28 January 2025.
  11. ^ "Fortune India 500 Ranking | Fortune India". www.fortuneindia.com. Retrieved 28 January 2025.
  12. ^ Livemint (30 October 2024). "Apar Industries Q2 Results Live: Profit Rise by 11.47% YOY". mint.
  13. ^ "Financial Statement Analysis: Case Study of Apar Industries". Asian Journal of Management Cases: 09728201231169131. 18 July 2023. doi:10.1177/09728201231169131. ISSN 0972-8201.{{cite journal}}: CS1 maint: article number as page number (link)
  14. ^ "APAR Industries Ltd" (PDF). Nirmal Bang.
  15. ^ a b c d e "The Transformer At Apar". www.fortuneindia.com. 2 October 2024. Retrieved 25 January 2025.
  16. ^ "We have a proposal in place for merging Uniflex into Apar Industries: Kushal Desai, MD, Apar Industries". The Economic Times. 30 May 2011. ISSN 0013-0389. Retrieved 28 January 2025.
  17. ^ "Apar signs MoU with ENI of Italy". Autocar Professional. Retrieved 28 January 2025.
  18. ^ Reporter, BS. "Apar to launch AGIP lubricants - Video". Archived from the original on 6 August 2017. Retrieved 28 January 2025.
  19. ^ "Apar Industries in pact with Italy's ENI". reuters. 5 December 2007.
  20. ^ Ghosh, Anupama (3 September 2024). "Apar Industries renews endorsement deal with actor Sonu Sood". BusinessLine. Retrieved 25 January 2025.
  21. ^ "Apar Industries shares tank 20% on disappointing December quarter results".
  22. ^ Ksheerasagar, A. (7 November 2024). "Nomura initiates coverage on CG Power, GE Vernova and Apar Industries with 'buy' rating, sees up to 49% upside". Mint.
  23. ^ www.ETBrandEquity.com. "Apar Industries honours electricians with latest ad - ET BrandEquity". ETBrandEquity.com. Retrieved 25 January 2025.
  24. ^ a b c d e f g "CSR". Apar. Retrieved 26 February 2025.
  25. ^ a b "49th EEPC INDIA National Export Awards".
  26. ^ a b "48th EEPC INDIA National Export Awards".
  27. ^ a b "51st EEPC India National AWARD 2022".
  28. ^ Takkar, Geeta (25 March 2022). "Rooftop Solar Leaders Honored And Awarded At Middle East Rooftop Solar Congress 2022". SolarQuarter. Retrieved 28 January 2025.
  29. ^ "APAR Industries".
  30. ^ "ET 500 Companies List | PDF | Economy Of India | Companies". Scribd. Retrieved 28 January 2025.
  31. ^ admin. "Finalists of 14th Aegis Graham Bell Awards, supported MeiTY". Aegis Graham Bell Awards. Retrieved 28 January 2025.
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