RR Kabel, one of the leading wires and cables brands, has decided to invest Rs 1000 crore in the next three years to diversify and increase its product portfolio. Sharing the company’s future plans, RR Global chairman and famous industrialist Tribhuvan Kabra informed that the company has set a target to increase its turnover from current Rs 7500 crores to 20,000 crores in the next five years.
Addressing a press meet at a city hotel on Thursday, Kabra said that they started their journey as a small trading business of wires and cables in Delhi in 1972. Over the years, they expanded their business.
He said that by bringing the German technology quickly to India they started manufacturing wires and cables business in the late 90s. Presently the company is ranked amongst the top three retail wire manufacturers across the nation. It is also the largest consumer of copper in India, an achievement which no one would have imagined a cable and wire company to be capable of. Started with the exports, RR Kabel has now become one of the largest cable exporters to 85 countries with manufacturing units located in Silvassa and Waghodia.
