RR Kabel Limited is an Indian company that manufactures and sells wires, cables, and fast-moving electrical goods (FMEG) both in India and Internationally. The company offers house wires, industrial wires, power cables, and special cables. It also provides FMEG products, including electric fans, LED lighting, switches, switchgear, water heaters, and other appliances.[5][6][7][8] Their products are used in residential, commercial, industrial, and infrastructure sectors. The company was formerly known as Ram Ratna Agro-Plast Limited and changed its name to R R Kabel Limited in November 2000[9]. R R Kabel Limited was incorporated in 1995 and is based in Mumbai, India.[10]
RR Kabel is listed on the BSE and NSE. The company is ranked 335th on the Fortune India 500 list of the India's biggest companies as of 2024.[11]
History
Rameshwarlal Kabra started from a small electrical trading shop in Mumbai, India. He founded RR Kabel and the group is among the market leaders in its segment.
He was steadily succeeding in his work, but an incident turned everything around. One day, a fire broke out in his warehouse. Luckily, it didn't cause much damage. But it made Rameshwarlal Kabra realize something important: safety should be his top priority. This idea helped his company, RR Kabel, grow. They focused on making high-quality, safe products that people could trust. This made RR Kabel stand out in the market.[12] [13][14][15]
IPO
In May 2023, RR Kabel Ltd filed draft papers with the Securities and Exchange Board of India for an Initial Public Offering(IPO) to raise up to Rs 225 crore through a fresh issue of equity and an offer-for-sale of 1.72 crore equity shares from the promoters and other shareholders.[16][17][18][19]
RR Kabel IPO opened for subscription on Wednesday, September 13, and closed on Friday, September 15. RR Kabel price band was fixed in the range between ₹983 to ₹1,035 per equity share of face value of ₹5 each. The IPO was oversubscribed 18.69 times.[20][21]
IPO listed at 14% premium over IPO price. RR Kabel is the first company in the Indian stock markets to make a T+2 listing- the second working day after the closing of the issue on September 15. [22][23]
Financials
RR Kabel showcased robust financial growth in the fiscal year 2023-24. The company reported a revenue of ₹6,657.2 crore in FY24, reflecting an 18.2% increase from ₹5,633.6 crore in FY23. Net profit for FY24 stood at ₹298.1 crore, a 57% rise compared to ₹189.9 crore in the previous fiscal year. [24][25][26][27][28]
India Ratings & Research has affirmed RR Kabel's bank facilities with an 'IND AA-'/Stable rating, indicating a strong capacity to meet financial obligations.[29]
Awards & Recognitions
RR Kabel has garnered several prestigious awards and recognitions, reflecting its commitment to excellence and innovation.[30][31]
In recognition of Shri Rameshwarlal Kabra's exceptional contributions to trade and industry, he was honored with the prestigious Padma Shri Award, India's fourth-highest civilian award, by President Ram Nath Kovind in 2018.[32]
In 2015, RR Kabel was ranked 452nd among India's 1,000 most attractive brands in the Fast-Moving Electrical Goods category, according to the Brand Trust Report 2015, a study conducted by Trust Research Advisory.[33]
Sponsorship & Brand Ambassadors
RR Kabel partnered with Bollywood actor Akshay Kumar as its brand ambassador.[34][35][36][37][38][39] This collaboration emphasizes the brand's commitment to safety and quality in its products. In December 2024, Akshay Kumar visited RR Kabel's state-of-the-art manufacturing facility in Waghodia, reinforcing the company's dedication to innovation and safety.[40][41][42][43]
Additionally, RR Kabel has engaged in strategic sponsorships, including a multi-year partnership as the principal sponsor of the Kolkata Knight Riders (KKR) IPL team, aiming to enhance brand visibility.[44][45][46][47][48]
Corporate Initiatives
RR Kabel has shown its commitment to giving back to society through various Corporate Social Responsibility (CSR) initiatives. The company focuses on diverse areas such as education, healthcare, the environment, and community development, aiming to make a meaningful impact on society.[49][50][51]
The Kabel Star Scholarship Program by RR Kabel supports the children of electricians, helping them pursue higher education and professional training.[52][53][54] Recognizing the critical role electricians play in India’s safety and progress, the program reflects RR Kabel’s commitment to community empowerment. Beyond innovation in products, RR Kabel aims to lead in social responsibility, making a lasting impact on the communities it serves.[55][56][57][58]
References
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