The company is the industry leader in Cable and Wire manufacturing in India, with a USD 2 billion plus market capitalization and USD 500 million plus treasury portfolio. Serving the electrical industry for over five decades, the company also manufactures and sells FMEG products such as electric fans, LED lighting and luminaires, switches and switchgear, solar products and conduits & accessories. The company has 25 manufacturing facilities across the country and exports to 40+ countries globally, with a network of 3500+ distributors.
Sanjeev Chhabra
Chief Treasury Officer, Polycab India Ltd.
The entire operations were being managed manually before the automation process was initiated with IBSFINtech. Being manual process with limited resources at hand, it was a time-consuming activity for the company’s treasury team. Most of their time went in completing the transactional activities while the focus was required on the strategic decision making. Moreover, owing to the size of the treasury portfolio, it was very difficult and inefficient to manage treasury through spreadsheets. More than the management of activities, the manual activities exposed the entire function to indefinite risk, without any control over the function across the organization. All this created multitudes of other challenges for the treasury function and therefore it was decided to automate the end-to-end operations.
Key objectives for which the company was looking for a comprehensive Treasury & Trade Finance Management solution are
The company required a solution to manage its trade finance activities, investments and FX risks, therefore, the company procured the integrated solution for Treasury & Trade Finance management from IBSFINtech. the platform also offers a robust in-built alerting engine to send out alerts/emails/notifications in case of any lapse of the defined policies, due date intimations and other such critical notifications to enable a proactive decision-making environment in the organization.
The company is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail. The company is a leader in its addressable market manufacturing
India’s first power sector Infrastructure Investment Trust (InvIT) that is focused on owning and operating power transmission assets and solar assets was established in 2016
India’s leading air conditioning and commercial refrigeration company, with an annual revenue of over ₹6000 crores (over US$ 770 million),a network of 32 offices, 5
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