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Polycab India Limited has named new chief executive officers for its B2C, EPC, and Telecom business units. The appointments, part of a broader senior management shift, are effective May 06, 2026.
The company appointed Mr. Ishwinder Khurana as CEO for B2C operations, Mr. Hetal Shah as CEO for EPC, and Mr. Ashish D. Jain as CEO for Telecom. Other key moves include Mr. Rakesh Talati stepping into a Director (Non-board member) role overseeing Operations and becoming Chief Operations Officer. Mr. Ritesh Arora will serve as President & Chief Digital Officer, and Mr. Rakesh Rajput as President and Head of B2B Sales for North and East India.
These leadership changes are designed to bring focused strategies and execution to Polycab's diverse business segments, which include wires, cables, and Fast Moving Electrical Goods (FMEG). Appointing dedicated CEOs for B2C, EPC, and Telecom aims to drive specialized growth, enhance operational efficiency, and support the company's digital transformation goals, particularly with the new Chief Digital Officer role. Such strategic realignments often signal a company's proactive effort to adapt to market demands and pursue growth ambitions. Investors will likely monitor these moves for insights into Polycab's future direction and priorities.
Polycab India is India's largest integrated manufacturer of wires and cables and a major player in the FMEG market. The company's operations span wires and cables (W&C), FMEG, and Engineering, Procurement, and Construction (EPC). It faces competition from companies like Havells India Ltd, KEI Industries Ltd, and RR Kabel.
A notable area of concern relates to a tax demand. In late 2023, the Income Tax department conducted searches alleging unaccounted cash sales of approximately Rs 1,000 crore and other tax evasion methods. Polycab has denied these allegations and pledged cooperation. In April 2026, a tax demand notice of Rs 1,400 crore was issued concerning these operations.
Investors and market watchers will be keen to observe the execution of new strategies under the appointed leaders, the integration of these changes into Polycab's operations, and any further developments regarding the tax department's demand notice. The company's market performance and competitive standing will also be key indicators to track.