[6] As of March 2023, the company operates 28 manufacturing units in Gujarat, Maharashtra, Karnataka, Uttarakhand, Tamil Nadu, and the Union Territory of Daman,[7] along with over 29 warehouses across India.

[11] The company's origins date back to 1964 with the establishment of Sind Electric Stores in Lohar Chawl by Thakurdas Jaisinghani, who had moved to Bombay from Pakistan after the Partition of India.

[2] In 1983, the company formally entered the electrical goods manufacturing sector with the founding of Polycab Industries by Inder T. Jaisinghani and his brothers.

The joint venture, with an initial investment of $37 million, focused on the production of rubber cables for the shipbuilding, railway, and wind power industries.

[13] In September 2008, the International Finance Corporation, the private investment arm of the World Bank, acquired a 12% stake in Polycab Wires for ₹551.5 crore (US$120 million).

[13][3] In 2013, the company formed a joint venture with Nexans, holding a 49% stake, to establish production facilities in Gujarat.

[13] Polycab India Limited established a 50:50 joint venture named Ryker Base with Trafigura (Singapore) in 2016 to strengthen its backward integration for copper.

[21][22] In March 2024, Polycab India's IT infrastructure was targeted by a ransomware attack attributed to the Lockbit[23] group.