Innovation at the core: How Ravin Group is shaping the future of India’s wire and cable industry

As India accelerates its transition to a sustainable and energy-secure future, the wires and cables industry plays a critical enabling role. At the forefront of this transformation is Ravin Group, a player known for its innovation, quality and deep commitment to sustainability. In an exclusive conversation, a senior spokesperson Vijay Karia from Ravin Group discusses the company’s strategic direction, the evolving landscape of power infrastructure and how innovation and purpose-driven manufacturing are shaping the future of energy in India and beyond.

Q1: Sustainability has become central to modern manufacturing. How is Ravin Group aligning with this global shift?

Sustainability isn’t a buzzword for us—it’s ingrained in our DNA. In today’s world, it’s no longer optional; it’s essential for long-term success. The future is going to hit is faster than we think, as the pace of the world – especially the technology space is undergoing massive reforms. Electricity will be the backbone of every critical sector—from healthcare and infrastructure to infotainment and education. At Ravin Group, sustainability is a part of our DNA and we’ve made sustainability integral to our operations. Our manufacturing facilities in India and the UAE producing a wide range of electrical cables utilise solar energy, produce minimal waste, and are transitioning to biodegradable and recyclable packaging materials. We’re also aligned with ISO 14001 standards, ensuring our environmental practices meet global benchmarks.

Q2: What specific technologies is Ravin Group investing in to drive its sustainability mission?

The technologies we invest in today are building blocks for tomorrow. Our solar vertical, for example, delivers affordable energy via captive and open access mechanisms. Our smart solar tracking systems improve energy output by 15%–35%. These are powered by IoT and AI, enabling predictive maintenance and minimizing downtime. We’re not just building green products—we’re creating long-term impact.

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Q3: You’ve mentioned alignment with global sustainability goals. Could you elaborate on that?

Absolutely. Ravin is aligned with the UN Sustainable Development Goals (SDGs), particularly in areas like clean energy, industry innovation, and quality education. We’re working on advanced storage technologies, expanding vocational training, and building sustainable communities. Our goal is to empower—not just supply—through holistic and responsible growth.

Q4: The Indian wires and cables market is growing rapidly. What’s driving this growth, and how is Ravin Group positioned?

India’s wires and cables market is expected to grow at a CAGR of 14.5% until 2032. This is driven by rapid infrastructure development, electrification initiatives under RDSS, Smart Cities, and schemes like Bharatmala. The surge in real estate, data centers, and automation has further pushed demand. Renewable energy is also a major driver, with India aiming for 500 GW by 2030. Specialized cables, especially for solar and wind energy, are essential due to the volatile nature of these sources. Ravin is perfectly positioned with customized, high-performance cables designed for these evolving needs.

Q5: How does Ravin Group contribute to large-scale infrastructure and renewable energy projects?

We’re a trusted partner in critical infrastructure projects. Our fire survival cables have been used in the Mumbai Metro, Navi Mumbai Airport, Jammu-Baramulla Rail Link, and the Jamnagar Refineries. These cables maintain circuit integrity even under extreme conditions. In renewables, we provide DC and EHV/HT cables for solar and wind projects, ensuring efficiency and reliability in tough environments. Our innovations serve not just domestic projects but international clients as well.

Q6: Let’s talk numbers. How is Ravin Group performing financially, and what are your future plans?

FY25 looks promising—we’re projecting a turnover of Rs 1,500 crore and pre-tax profits of around Rs 80 crore. Our export footprint spans over 100 countries. Looking ahead, we’ve committed Rs 500 crore in CapEx from FY26 to FY30. This includes investments in nuclear cable technology, solar tracker manufacturing, EV charging infrastructure, and transformer moisture removal systems. We’re also diversifying into aircraft cable manufacturing, reflecting global trends towards lightweight, high-performance materials.

Q7: The industry as a whole is seeing significant capital investment. What’s your take?

Absolutely. An estimated Rs 17,000 crore in industry CapEx between FY25–FY30 is a game-changer. It’s not just about expansion—it’s about future-proofing. We must embrace the true spirit of “Make in India”—which means manufacturing entirely within the country. Self-reliance, especially in energy, is non-negotiable in today’s cyber-threat-prone digital age. We’re advocating for smarter grids, upgraded techniques, and local innovation as the key to staying ahead.

Q8: What’s your outlook for the future of the wires and cables market in India?

We’re entering a defining decade. The Growth in India’s wires and cables market is mainly driven by infrastructure expansion and ~~energy~~ electricity reforms. Rapid urbanization and government investment in Smart Cities, Bharatmala, railway electrification and rural electrification under schemes like RDSS, have fuelled the demand for efficient transmission networks and high-efficiency power cables.

While Industrial growth in real estate, data centres, and automation has further amplified the demand, India’s renewable energy target of achieving 500GW by 2030 has made it imperative to manufacture specialized cable. Due to the fluctuating and unstable nature of Renewable energy, the need for specialized high-voltage wind/solar cables has increased which can help in reducing energy losses during transmission and distribution. Emerging technologies and policy shifts add momentum. Rising consumer awareness prioritizes safety-compliant products, shifting preference from unorganized players. EV adoption and charging infrastructure drive demand for high-capacity cables, while urbanization elevates the need for fire-safe (FRLS) and halogen-free variants. Concurrently, “Make completely in India” incentives and PLI schemes strengthen domestic manufacturing and export potential. Together, these factors—infrastructure, renewables, mobility, safety standards, and policy support—underpin the growth trajectory.

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Q9: How is Ravin Group positioned to leverage the increasing demand for high-performance cables, particularly in sectors like renewable energy and telecom?

India is stepping up to become a “Solar diplomacy”. Our group, with decades of experience, is strategically positioned to capitalize on the surging demand for high-performance cables, particularly in fast-growing sectors like renewable energy, urban infrastructure, and telecommunications. Our cables are designed to offer customised industry / application-based solutions.

Ravin Group is now a trusted partner for critical infrastructure, catering mostly by delivering fire survival cables for high-stakes projects like the Mumbai Metro, NMACC, Jammu-Baramulla Rail Link, Navi Mumbai Airport, Jamnagar Refineries, and other industrial zones, where safety and reliability are non-negotiable. These cables are engineered to maintain circuit integrity even under extreme heat and fire conditions, ensuring uninterrupted evacuation and emergency services during crises.

We are also driving the renewable energy growth with specialized DC and EHV/HT cables for solar parks and wind farms domestically and globally. Its weather-resistant designs ensure durability and efficiency in harsh conditions, minimizing maintenance and maximizing reliability. By combining technological innovation, deep domain expertise, and a commitment to sustainability, Ravin Group is taking the lead to power India’s growth story across sectors including renewable energy. While we talk of renewable energy especially solar power complemented by battery storage systems that ensure reliability and round the clock availability there is one more source which is the future to long term sustainable development of India. Nuclear energy further strengthens India’s capacity to meet high-demand scenarios and significantly reduces dependence on fossil fuels. It delivers stable emission-free baseload electricity crucial for continuous demand. Together these energy sources will reduce environmental impact, enhance energy security and will be key to India’s long term economic and sustainable development.

Can you provide insights into Ravin Group’s recent financial performance and future growth strategies?

Ravin Group’s recent financial performance reflects steady growth, with FY25 turnover projected at Rs 1,500 crore and pre-tax profits nearing Rs 80 crore. This growth is underpinned export footprint across 100+ countries. Looking ahead, we will be investing Rs 500 crore in capex between FY26 and FY30 to capitalize on emerging opportunities. Key investments include nuclear energy, expansion of solar tracker production, entry into EV charging infrastructure, and online transformer moisture removal products The firm is also diversifying into aircraft cable manufacturing aligning with global trends toward lightweight and durable materials. Innovation is the way forward. We are not just reacting to trends – we are defining them with our AAA (make it Available, Accessible and Affordable) principle for all our products. By prioritizing R&D and strategic partnerships—such as collaborations for nuclear technology—we aim to penetrate new verticals while reinforcing our leadership in traditional sectors like power transmission and renewable energy.

What are your views on the investment trends in the industry, especially considering the Rs 17,000 crore capex anticipated between FY25 and FY30?

The anticipated CapEx of Rs 17,000 crore in the wires and cables industry highlights a tremendous opportunity for transformation—not just growth. These investments will enable the sector’s readiness to lead India’s transition to a more energy-resilient future.The importance of domestic manufacturing cannot be overstated. For years, the industry has faced challenges due to rising imports. The true spirit of “Make in India” must be interpreted as “Make Completely in India”—only then can we insulate ourselves from external vulnerabilities and truly empower national growth. We must ensure the growth in electricity access is matched with a proportional rise in per capita consumption across all regions.

We would have to upgrade ourselves in terms of manufacturing techniques, which are agile and deeply rooted in local innovation.

Our adaptability and deep understanding of India’s evolving market conditions give us a competitive edge—not just to sustain, but to grow confidently even in uncertain times.

We believe that true growth happens when we blend technology with purpose. The investments we make today will lay the groundwork for smarter grids, empowered communities, and an India that thrives on clean, accessible, and secure power.

This also reflects a broader shift towards self-reliance in critical sectors. As cyber threats rise and the energy sector goes digital, the need for local, secure and resilient infrastructure becomes non-negotiable in critical sectors like the electrical sector. That’s where domestic industry must lead the way.

What innovation trends do you see shaping the future of the wires and cables industry?

Innovation is transforming the wire and cable industry. The industry is constantly advancing prioritizing safety and sustainability. Innovations to support enhanced fire safety include smart coatings that signal heat exposure and durable sheathing materials resistant to extreme temperatures. This supports the driving demand for Fire Survival (FS) cables in critical infrastructure like metros, hospitals, and data centres. Simultaneously, eco-friendly designs are gaining traction, with halogen-free, materials and low-carbon manufacturing processes reducing environmental impact. Also,

Another key aspect is High Voltage Direct Current (HVDC) transmission, gaining traction, minimizing losses compared to traditional AC systems. The shift toward DC-compatible infrastructure, tailored for modern appliances and EVs, solar powered microgrids, reflects a broader industry realignment toward energy efficiency and future-ready solutions. These trends position India’s industry to deliver safer, adaptive, and sustainable solutions for an energy-efficient future.