### **Company Overview** Apar Industries Limited (APAR), founded in 1958, is a **$2 billion diversified Indian conglomerate** with a global footprint encompassing over **140 countries**. Headquartered in Mumbai, APAR operates across seven core verticals: Energy Transmission & Distribution, Renewable Energy, Defence, Railways, Telecommunications, Industrial & Infrastructure, and Consumer Goods & Appliances. The company is a third-generation family-led enterprise under the Desai family, focused on technological innovation, sustainability, and global expansion. With a **Fortune India 500 ranking of #154**, APAR is recognized for its vertically integrated manufacturing model—design, manufacture, supply, and turnkey solutions—that enables cost leadership, innovation, and strong global competitiveness. --- ### **Business Segments & Key Strengths** #### **1. Conductors (Core Growth Engine)** - **World’s largest manufacturer** of aluminum and alloy conductors; **#1 in India** and globally. - **Dominant in AL-59** railway conductors; supplies products from **33kV to 800kV**. - **Pioneer in High-Temperature Low-Sag (HTLS)** conductors, critical for grid modernization and renewable integration. - Offers **ACCC, ACSS, GAP, INVAR, and CTC/PICC** (for transformers) conductors. - **Key differentiators:** - Full **in-house alloying capability** (TAL, STAL, XTAL, and CuMg for bullet trains). - Use of **molten aluminum from Hindalco** at Odisha plants, cutting costs by ₹1,000–1,200/MT. - Five facilities near Mumbai ports and two in Odisha. - **Turnkey Expertise:** - Completed over **200 reconductoring projects**, including on live, urban, and river-crossing lines. - Executed high-impact projects, such as the **MSETCL 400kV Kalwa-Padgha DC line (102 km)**, **doubling capacity from 2,000 MW to 4,000 MW**. - Recognized with **Power Grid Award** for first operational HTLS project in India. - **Strategic Expansion:** - Investing ₹300 crores in FY25–26 in copper rod production and conductor capacity. - Coated conductor R&D underway for enhanced corrosion resistance. --- #### **2. Specialty Oils & Lubricants** - **World’s 3rd-largest transformer oil manufacturer** and India’s **#1 private blender and marketer**. - Brand **POWEROIL** includes over **400 specialty oil grades**, including naphthenic and 99% biodegradable **natural ester transformer oils**. - **Market Share:** 60% in Indian power transformer oil; sole Indian supplier to **all major HVDC projects**. - **Global Reach:** 49% of T-Oil sold overseas; exported to **over 140 countries**. - **White Oil Innovation:** - Supplies pharmaceutical-grade white oils (POWEROIL PEARL) used in **vaccines, cosmetics**, and food. - **Coating eggs with white oil extends shelf life by 3–4 weeks**. - **Lubricants Business:** - Revenue: **₹81,745 kl in FY25**; ranks **#9 in Indian lubricants**, #3 in agri and industrial. - Supplies major OEMs: **TAFE, Eicher, Escorts**, and Indian Railways CNG pumps. - Licensed by **VDA (Germany)** to produce **POWEROIL AdBlue®**, India’s first Adblue. - Partners with **ENI (Italy)** for auto lubes under ENI license. - **Capacity & Locations:** - Plants in **Rabale, Silvassa, Dadra**, and **Sharjah, UAE** (120KL capacity). - **Al-Hamriyah (UAE) plant** ensures seamless supply to Middle East & Africa. - **Investments:** ₹240 crores (FY18–FY25) in capacity, R&D, and expansion (e.g., 765KV/800KV T-Oil, 2x blended packing capacity). - **Global Strategy:** - Building a **new transformer & white oil plant in Luberef, Saudi Arabia**, in line with Vision 2030 localization. - Local filling models in Africa and SE Asia to bypass tariff barriers. --- #### **3. Cables & Cable Solutions** - **India’s largest exporter of CATV and broadband fiber optic cables**. - **Revenue (FY25): ₹4,945 crores**, growing at **5-year CAGR of 40.5%**. - **Flagship Brand:** **APAR Anushakti** – e-beam irradiated house wires with **50–70 year lifespan**, **50% higher current carrying**, and **melt resistance**. - **Technological Edge:** - Operates **India’s most advanced E-beam facility** with **4 E-beams**; first to use this tech for B2C house wires. - **CCV (Cable Curing & Vulcanization) line** for high-voltage cables. - **Renewables Focus:** - **#1 manufacturer for renewable energy cables** in India. - Supplies **70%+ of Indian wind turbine cables**, with approvals from **Vestas, Siemens, GE**. - Launching exports of windmill cables to US and Europe. - **Defence & Railways:** - Supplies **torpedo guidance cables, submarine, and tactical cables** to Indian Navy and Army. - Developed **tangle-free optical fiber for underwater defence communications**. - Cables used in **Vande Bharat Express**, **Sydney Metro**, and high-speed rail projects. - **Global Expansion:** - **UL and CPR certified products** enable US, EU, and ME market access. - **#1 Indian exporter to US cable market**, exceeding ₹1,000 crores in FY23. --- #### **4. Telecom Solutions** - Launched in 2017, a strategic entry into **next-gen infra**. - **APAR Telecom Solutions** offers: - **Fiber optic (OFC), hybrid, ADSS, OPGW, LAN, connectorized, and data cables**. - **Turnkey network services**: rollout, active installation, NMS. - **GIGAVOLT™ Hybrid Cables:** - **Integrate fiber and copper** in one cable for **power + data transmission**. - Enables faster, cheaper deployment for **5G, Wi-Fi, IoT, and smart cities**. - **#1 Indian manufacturer of hybrid cables globally**. - **Market Penetration:** - Among **top 5 players in India’s OFC market**. - Launched **High Span ADSS (up to 250m)** for Aarey-Kudus and major Indian telecom operator. - Secured **fiber network build order** with a top Indian telco. - **Certifications:** ISO, UL, CPR—highest number among Indian cable makers. --- #### **5. Polymers & APARPRENE®** - Established in 2014 for backward integration in cable insulation. - **APARPRENE®** is a **100% recyclable TPE platform** used in: - **Automotive:** floor mats (Bajaj Auto), interiors, wiring. - **Cable sheathing:** replaces PVC, EPR with **LSZH/ZHFR**, improved flexibility & ESG. - **Consumer:** toys, appliances. - **In-House Capabilities:** - **TPE, TPV, TPO, XLPE compounds**, with 1300 T/Month TPE capacity. - Facilities in **Umbergaon**, ISO & IATF certified; advanced lab (FTIR, DSC, TGA). - **Innovation:** - Developed **anti-track HDPE/XLPE** for durability. - Custom **EVA-based ARKOS Gripp tyres** for 3-wheelers. --- #### **6. Automotive & Aftermarket (ARKOS Brand)** - Launched in 2023 with **ARKOS Battery, Tyres, Lubricants, and AdBlue®**. - **ARKOS Battery:** Launch of **Bolt 3-Wheeler Battery (35Ah & 65Ah)** targeting rural/semi-urban India. - **ARKOS Tyres:** EVA rubber tyres for 3-wheelers—enhanced grip, durability, comfort. - **AdBlue®:** VDA-licensed **emission-reducing fluid** for BS-VI diesel vehicles. - **Market Strategy:** Bundling **Bolt Battery + ARKOS Lubricants** for mechanic partnerships. --- ### **Global Presence & Export Strategy** - **Exports**: **32.8% of total revenue (FY25)**, with oils (44%), cables (31.1%), and conductors (24.2%). - **Top Markets**: USA, Middle East, Africa, Australia, Europe, Latin America, Saudi Arabia. - **UL & CPR Certifications**: **#1 in India** with 19 UL approvals, enabling access to US power and telecom sectors. - **Local Presence**: Subsidiaries in **USA (CEMA), Saudi Arabia, Brazil (APAR Latam)**. - **“China +1” Advantage:** Positioned as reliable alternative amid globalization shifts. --- ### **Manufacturing & Innovation** - **10+ Advanced Plants**: - India: Umbergaon, Khatalwada (smart factory under construction), Rabale, Silvassa. - UAE: Sharjah (Al-Hamriyah). - **R&D Centers**: In-house R&D in **Rabale**, **Khatalwada**, and **Umbergaon**. - **Investment in Innovation:** - ₹741 crores (FY18–FY25) in capacity and tech. - ₹160 crores (2017–2024) in new-age cables. - New greenfield **Industry 4.0 plant in Khatalwada** (66 acres) under construction for scalability. - **Backward Integration:** - In-house **alloying, compounding, conductor production, molten metal use**. --- ### **Competitive Advantages** 1. **Technology Leadership**: E-beam cabling, HTLS conductors, natural ester T-Oil. 2. **Vertical Integration**: From raw materials (molten Al) to turnkey solutions. 3. **Global Scalability**: Strong certifications, strategic overseas plants. 4. **OEM Partnerships**: Long-term contracts with **TAFE, Eicher, CTC Global, Eni, DKSH (Australia)**. 5. **First-Mover Products**: First Indian EV wiring harness, AdBlue®, 800KV T-Oil. --- ### **Challenges & Mitigation** - **De-globalization Risks**: Mitigated by **local manufacturing in UAE, Saudi Arabia, Brazil, USA**. - **Chinese Competition**: Countered with **quality, certifications, and “China +1” positioning**. - **High Import Duties**: Overcome with **local filling operations (Africa, SE Asia)**. ---