Founded by Dharmsinh D. Desai in 1958, Apar Industries began its journey as Power Cables Pvt. Ltd., focusing on power transmission conductors.

In 1968, the company introduced its transformer oil brand, POWEROIL, through a collaboration with U.S.-based Sunoil.

Over the years, Apar expanded its portfolio by acquiring Uniflex Cables in 2008, entering the electrical and telecom cables market.

In 2007–08, it partnered with Italy’s Eni S.p.A. to produce and distribute automotive and industrial lubricants under the Eni brand in India. The company’s growth trajectory has been marked by strategic expansions and product diversification.

Apar Industries Ltd. is publicly listed on the Bombay Stock Exchange (BSE) under the code 532259 and on the National Stock Exchange (NSE) with the ticker symbol APARINDS.

The company’s shares have been actively traded, reflecting investor confidence in its growth prospects

Working Areas

• Conductors: Manufacturing high-temperature, low-sag (HTLS) conductors and supplying conductors for railway electrification in India. The company has supplied over 35,000 km of conductors globally.
• Transformer and Specialty Oils: Pioneering transformer oil production in India since 1968, Apar’s POWEROIL brand includes white oils, process oils, and petroleum jelly. The company holds a 60% domestic market share in power transformers and ranks as the third-largest global transformer oil producer.
• Cables: Through the acquisition of Uniflex Cables, Apar 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.
• Telecom: Focusing on connectivity infrastructure for 4G/5G networks, fiber broadband, and data centers, Apar 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.

Apar Industries has set ambitious growth targets for the next five years, aiming to surpass the industry growth rate with a strategic emphasis on expanding its presence in international markets. The company is working to strengthen its presence in export markets for cables and wires.

In 2024, Apar announced plans to establish a subsidiary in Saudi Arabia, furthering its international expansion.

Additionally, the company is investing in increasing its aluminum rod manufacturing capacity by 42,000 MTPA, enhancing its production capabilities for conductors and cables.