Prime Cable Industries Limited Company Summary

Prime Cable Industries Limited Summary

The Promoter, Purshotam Singla commenced his journey in 1997 with a sole proprietor concern titled Prime Cable Industries wherein he started the business of manufacturing and trading of electrical cables and allied items. To expand the business, Purshotam Singla and Vijay Lakshmi Singla incorporated R C Cable Private Limited in 2008 to continue with manufacturing and trading of cables and wires. Effective April 1, 2009, the business of Prime Cable Industries was acquired and taken over by the Company as a going concern basis.Further, in February 2019, Companys name was changed to Prime Cable Industries Private Limited. Subsequently, both the sons of our Promoters, Purshotam Singla and Vijay Lakshmi Singla i.e. Naman Singla and Nikunj Singla joined the Company as Promoters since October 2018, further contributing to its ongoing growth and expansion. Subsequently, the status of the Company was converted into a public Company and the name was changed from Prime Cable Industries Private Limited to Prime Cable Industries Limited and a fresh certificate of incorporation was issued on December 18, 2024 by the Registrar of Companies, Central Processing Centre.Further, Shreya Jhalani Singla, spouse of Naman Singla, also joined the Company in 2022 and was subsequently appointed as a non-executive director since February 2025 to assist the Company in their expansion plans. The Company started production at Unit II for manufacture of Control Cables, Power Cables etc. in 2024. The experience, expertise, and industry knowledge of Promoters has enabled Company to evolve, diversify and to become an established manufacturer of cables and wires.Company has been engaged in the manufacturing and sale of cables and wires for the past 17 years. It manufacture low voltage (up to 1.1 KV) control cables, power cables, aerial bunch cables, instrumentation cables, housing/building wires and conductors catering to several institutions which includes EPC players, electricity boards, public sector undertakings responsible for generation, transmission and distribution of power (transmission, distribution and generation), oil & gas, mining, steel, real estate, electric panel builders, etc.Company is planning to raise capital of Rs 40.10 Crore equity shares having the face value of Rs 5 each, comprising a fresh issue of 35.10 Crore and Rs 5 Crore equity shares via offer for sale.