Polycab India to Merge with its 100% Subsidiary

Polycab India Limited has announced the merger of its wholly owned subsidiary, Uniglobus Electricals and Electronics Private Limited, with itself. Polycab’s Board has approved this merger in its meeting held on 6th May 2025.

Established in 2021, Uniglobus was initially set up as an electronics laboratory and was later developed into a full-fledged manufacturing facility based in Halol, Gujarat. Uniglobus’ electrical portfolio included a wide range of Fast-Moving Electrical Goods (FMEG), including LED drivers, luminaires, BLDC controllers, and surge protection devices. For the recently concluded FY-25, Uniglobus Electricals reported a revenue of Rs. 175.28 crore.

Mentioning the rationale behind this merger, Polycab India highlighted that this merger will consolidate product portfolio of both companies, and integrate their technology and R&D capabilities. This is expected to yield greater efficiency in operations and result in cutting costs. Apart from this, the merger is expected to result in greater economies of scale and better utilisation of resources. Further, post this merger, the number of statutory approvals and regulatory compliances needed for different products would reduce, as Uniglobus Electricals and Electronics would be absorbed into Polycab.