- Business
- Geekay Wires Limited (GEEKAYWIRE.NS) manufactures and supplies a diverse range of wires and cables for industrial, automotive, power, and consumer applications. The company produces PVC insulated wires, including single core automotive wires, multi-core control cables, power cables, and house wiring products under brands such as GEEKAY and POWERPLUS; it also offers specialized cables like LT power cables, solar cables, and submersible pump cables. Founded in 1982 and headquartered in Hyderabad, India, Geekay Wires operates primarily in the Indian market with manufacturing facilities in Telangana and distribution networks across the country, serving sectors including real estate, infrastructure, automotive, and renewable energy.
In recent developments, the company listed its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in October 2024 through an initial public offering (IPO) that raised approximately INR 160 crore, marking a significant milestone in its growth trajectory. Geekay Wires has expanded production capacity with a new greenfield manufacturing facility at Uppal, Hyderabad, commissioned in fiscal 2024 to meet rising demand for wires and cables. Additionally, it formed strategic partnerships with key industry players for raw material sourcing and distribution, while launching new product lines including EV charging cables and enhanced solar cables to capitalize on India's electrification and renewable energy push within the last year.