# Apar Industries

APAR Industries Limited (BSE: 532259, NSE: APARINDS) is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra. Founded in 1958 by Dharamsinh D. Desai, the company operates across industries including electrical conductors, cables, transformer oils, lubricants, telecom infrastructure, and automotive components. It has been publicly listed on the Bombay Stock Exchange and the National Stock Exchange of India since 2004. As of 2024, APAR Industries ranked 154th on the Fortune 500 India list, with a market capitalization of ₹38,372.59 crore as of October 2024.

## History

APAR Industries was incorporated in 1958 as Power Cables Pvt. Ltd. during India's post-independence electrification drive, initially manufacturing power transmission conductors with capital under ₹1 lakh. In 1968, the company launched its transformer oil, branded as POWEROIL, through a collaboration with U.S.-based Sunoil.
The company expanded into the electrical and telecom cables market in 2008 by acquiring Uniflex Cables. In 2007–08, Apar entered a licensing agreement with Italy's Eni S.p.A. to produce and distribute automotive and industrial lubricants under the Eni brand in India. In 2022, actor Sonu Sood was appointed brand ambassador for its cable and wire products.

## Operations
### Conductors

APAR's Conductor Division manufactures high-temperature, low-sag (HTLS) conductors and supplies conductors for railway electrification in India. It has supplied over 35,000 km of conductors globally. The division has also developed optical ground wire (OPGW) for telecom applications and installed 10,450 route kilometers of OPGW under live conditions in 2024. Its projects include a USD 33 million contract in Australia.

### Transformer and specialty oils

APAR pioneered transformer oil production in India in 1968. Its POWEROIL brand includes white oils, process oils, and petroleum jelly. The company is India's largest private manufacturer and exporter of specialty oils, holding a 60% domestic market share in power transformers. It ranks as the third-largest global transformer oil producer, with facilities in India and the UAE.

### Cables

The Cables Division, established through the 2008 Uniflex acquisition, operates plants in Gujarat producing high-tension cables, rubber cables, and polyethylene products. Approximately 30% of its output is exported to the Middle East and Africa. In 2023, the division received the Technology of the Year award at the India Wind Energy Leadership Awards.

### Telecom

APAR's Telecom Division focuses on connectivity infrastructure for 4G/5G networks, fiber broadband, and data centers. It also supports projects in railways, renewable energy, and defense communications.

### Specialty automotive

In 2018, APAR launched ARKOS, a Singapore-based subsidiary producing batteries and tires for electric and conventional two- and three-wheelers.

## Financials

In November 2023, APAR raised ₹1,000 crore through a qualified institutional placement (QIP), issuing 1.9 million shares at ₹5,264 per share. Proceeds were allocated to working capital requirements after deducting ₹17.42 crore in issuance costs.

## Corporate social responsibility
### Healthcare

* Dharmsinh Desai Methodist Memorial Hospital (DDMM)
* Mobile Medical Unit (MMU)

### Education

* Dharmsinh Desai University (DDU)
* Dr. N. D. Desai Faculty of Medical Science and Research
* Govardhan Skill Center (GSC)
* Sister Nivedita School on Wheels

### Gender Equality

* Adruta Children Home

## Awards
### 2022

* Recognized as a Star Performer – Large Enterprise by EEPC India.
* Company of the Year (Cables) at the Rooftop Solar Congress Middle East 2022 Awards
* Ranked 19th among the 100 Engineering Companies by Industrial Products Finder

### 2023

* Received the 5-Star Export House Certificate from the Government of India
* Listed among the ET 500 Companies in India
* Ranked 183rd in the Fortune 500 India list

### 2024

* Aegis Graham Bell Award