Draft:Apar industries


Apar Industries Ltd.
Company typePublic
NSEAPARINDS
IndustryElectrical and Industrial Products
Founded1958
FounderDharmsinh D. Desai
Key people
Kushal N. Desai (Chairman and Managing Director)
ProductsConductors, Specialty Oils, Cables, Lubricants
Revenue₹14,872.41 crore (FY 2023)
Websitewww.apar.com

Apar Industries Ltd. is an Indian multinational company that manufactures a wide range of electrical and industrial products. Founded in 1958, Apar has grown into a key player in the power transmission, distribution, and automotive sectors.[1]

History

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Apar Industries was founded in 1958 by Dharmsinh D. Desai. Initially starting as a small enterprise, the company expanded into several product categories, including conductors, specialty oils, and cables.[2]

Products and Services

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Apar Industries provides a diverse range of products that serve industries worldwide: Conductors: The company is one of the largest manufacturers of conductors used in power transmission and distribution networks. Specialty Oils: Apar is a leading supplier of transformer oils and other industrial lubricants. Cables: Apar manufactures power cables and telecom cables for a variety of industries. Lubricants: The company produces lubricants for both automotive and industrial applications.[3]

Financial Performance

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For the financial year 2023, Apar Industries reported revenues of ₹14,872.41 crore, driven by its global expansion and diversified product portfolio.[4]

Stock Market Performance

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In 2023, Apar Industries’ stock price saw a significant increase, rising from ₹1,800 to ₹5,700 within nine months.[5] This surge was attributed to the company’s strong financial performance and growing market presence.

References

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  1. ^ "Apar Industries: Premiumisation, Exports to Propel Strong Growth". BQ Prime. 2023-06-30.
  2. ^ "Apar Industries H1 FY2023-24 Result Highlights". Equitymaster. 2023-08-10.
  3. ^ "Apar Introduces Premium Transformer Oil". Cable Community. 2023-07-12.
  4. ^ "Apar Industries Reports Record Revenue Growth in FY23". Business World. 2023-07-31.
  5. ^ "Apar Industries Share Price: Multibagger Returns in 2023". Business Today. 2023-08-07.