Cable Corporation of India

The History of Cable Corporation of India Ltd. is as old as electric cable manufacturing in India! It dates back to 1956 when the Indian promoters M/s. Thakerseys & Khataus and German promoters & M/s. Siemens joined hands & put forward the idea of setting up a PVC power cable factory to manufacture PVC insulated and sheathed cables and wires in India for the first time. M/s Siemens, Germany, were to provide technical know-how for the project, started the planning of the cable factory in Neustadt, Cobvig, West Germany. Simultaneously in India, formalities were being pursued with various authorities at various levels to get industrial license to set up a cable plant in Bombay, Maharashtra. M/s. Siemens were to look after the technical needs of the cable plant and management of the factory for the initial 15 years whereas financial needs, government & Semi government, local and municipal formalities were to be taken care of by Indian promoters. The company was officially incorporated and registered in the first week of November 1957, with a share capital of Rs. 10 Millions (15.6% each was subscribed by the house of Khataus, house of Thackerseys, house of Siemens and Felten &Guileume, 20% preference share by Life Insurance Corporation of India and balance of 17.6% by the friends of the promoters).