Date: August 25, 2026

Business Activities & Products

  • Main products contributing to 90% turnover:
  • AAC/AAAC/ACSR Conductors: 51.88% of turnover
  • Transformer & Specialty Oils: 21.93% of turnover
  • Power/Telecom Cable: 25.39% of turnover
  • Polymer: 0.80% of turnover

Operations & Markets

  • Number of locations:
  • National: 27 (11 plants + 16 offices)
  • International: 3 (1 plant in Sharjah, UAE + 2 offices in Singapore & USA)
  • Markets served: 28 states + 8 UTs in India; 140+ countries internationally
  • Export contribution: 29.77% of total turnover
  • Customer types: Industries/Corporates, OEMs, EPC companies, Utilities, Renewables, Export customers, Distributors

Employees & Workforce

  • Total employees: 2,332 (2,065 male, 267 female)
  • Total workers: 7,807 (7,605 male, 202 female)
  • Differently abled: 4 employees (2 male, 2 female) + 4 workers (all male)
  • Gender representation:
  • Board of Directors: 14.3% female (1 out of 7)
  • Key Management Personnel: 0% female (0 out of 5)
  • Turnover rates:
  • Permanent Employees: 13.35% (Male: 14.07%, Female: 7.69%)
  • Permanent Workers: 17.02% (all male)

Subsidiaries & Associates

  • Wholly owned subsidiaries: Petroleum Specialities Pte. Limited (Singapore), Petroleum Specialities FZE (Sharjah), APAR Transmission & Distribution Projects Private Limited, APAR Distribution & Logistics Private Limited, APAR USA LLC, Apar Industries Middle East Limited (Saudi Arabia), Apar Industries Latam Ltda (Brazil)
  • Associates: AMPOIL Apar Lubricants Private Limited (40% holding), Clean Max Rudra Private Limited (26% holding)
  • CSR applicable: Yes (Section 135 of Companies Act, 2013)
  • Turnover: ₹2,19,96,56,70,733
  • Net worth: ₹51,23,40,21,236

Complaints & Grievances

  • Shareholders: 20 complaints filed, 2 pending resolution
  • Customers: 320 complaints filed (110 Cable, 110 Oil, 100 Conductor), 9 open cases subsequently closed
  • Value Chain Partners: 36 complaints filed (14 Cable, 22 Conductor), 3 pending resolution
  • Employees & Workers: 0 complaints
  • Communities: 0 complaints

Material Responsible Business Conduct Issues

1. Higher costs of energy (Risk): Addressed through increased renewable energy share (10.9% in FY25-26 vs 3.7% in FY22-23) via wind-solar hybrid plants (9.9 MWp wind + 8.4 MWp solar) and rooftop solar (6.9 MWp)

2. Climate Change (Risk): Mitigation through design-strengthening, covered sheds, and high-capacity pumps for water evacuation

3. Carbon Tax Risk (Risk): Minimal impact as most customers in US, Canada & Latin America; working to reduce carbon emission intensity

4. Product Stewardship (Opportunity): Developing low-carbon footprint products including Natural Ester-Based Transformer Fluids, High-Conductivity OPGW, High Emissivity Coated HTLS Conductors

5. Access to new markets (Opportunity): Benefiting from global wires and cables market growth (expected CAGR 6.30% from 2025 to 2032) and India's renewable energy targets (450 GW by 2030)

Governance & Policies

  • Policies cover all 9 NGRBC principles, approved by Board
  • Key certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, NABL accreditation
  • Human Rights Excellence certification (BEC 1500:2024) with Platinum rating for all facilities
  • Board oversight: CSR & Sustainability Committee established
  • External assessments: Great Place to Work certification, TUV SUD assurance on BRSR Core indicators

Principle-wise Performance

Principle 1 (Ethics & Governance)
  • Training coverage: 100% of Board, KMPs, employees and workers on NGRBC principles
  • Fines/penalties: Multiple minor penalties totaling approximately ₹5.4 lakhs and USD 6,134 mainly for GST compliance issues and payroll tax delays
  • Anti-corruption policy: Implemented with web link provided
  • No disciplinary actions against Directors/KMPs/employees/workers for bribery/corruption
Principle 2 (Sustainable Products)
  • R&D revenue expenses: 0.11% of revenue (₹24.39 crores)
  • R&D Capex: 0.02% of total Capex (₹4.19 crores)
  • Sustainable sourcing: 65% of inputs sourced sustainably
  • EPR compliance: 6,963 MT plastic waste recycled through authorized vendors
  • Life Cycle Assessments: EPDs published for major product categories
Principle 3 (Employee Well-being)
  • Employee benefits: 100% coverage for health insurance, accident insurance, paternity benefits; 40% coverage for day care facilities
  • Retirement benefits: 100% coverage for PF, Gratuity, ESI, Superannuation
  • Training: 31.30 average training hours per employee; 570 programs on Occupational Health & Safety
  • Safety performance: LTIFR of 0.00 for employees, 0.65 for workers; no fatalities
Principle 4 (Stakeholder Engagement)
  • Stakeholder groups: Shareholders, Employees, Customers, Suppliers, Government, Community
  • Engagement channels: AGM, results publications, training programs, awareness programs, community visits
  • Focus on vulnerable groups: 86% permanent workers from SC/ST/OBC categories; tribal youth employment programs
Principle 5 (Human Rights)
  • Human rights training: 100% coverage for employees and workers
  • Minimum wages: 100% employees and workers paid above minimum wage
  • Median remuneration: Board members ₹96.80 lakhs (male), ₹10.75 lakhs (female); KMPs ₹1.83 crores; other employees ₹9.51 lakhs (male), ₹6.29 lakhs (female)
  • POSH complaints: 1 complaint filed, 1 upheld
Principle 6 (Environmental Protection)
  • Energy consumption: 397,669 MWh total; 6.00% from renewable sources
  • Energy intensity: 17.36 MWh/₹Cr turnover
  • Water consumption: 378,559 KL; intensity 16.5 KL/₹Cr turnover
  • GHG emissions: Scope 1 - 48,222 tCO2e; Scope 2 - 138,693 tCO2e; intensity 8.16 tCO2e/₹Cr turnover
  • Waste management: 18,753 MT total waste generated; 98.72% recovered through recycling
  • Zero Liquid Discharge implemented across all units
Principle 7 (Policy Influence)
  • Industry affiliations: 11 trade associations including CACMAI, IEEMA, CII, MPSA
  • No anti-competitive conduct issues
Principle 8 (Inclusive Growth)
  • CSR spending: ₹204.72 crores on various community projects
  • Procurement: 8.53% from MSMEs; 64.0% sourced directly from within India
  • Job creation: 30% rural, 20% semi-urban, 4% urban, 46% metropolitan
Principle 9 (Consumer Responsibility)
  • Consumer complaints: 320 total complaints, mainly on logistics and product quality issues
  • No product recalls
  • Cyber security framework implemented based on ISO/IEC 27001:2022
  • No data breaches

Assurance & Certification

  • Independent reasonable assurance by TUV SUD South Asia Private Limited on BRSR Core indicators
  • Assurance scope covered manufacturing plants, offices, and warehouses in India and UAE
  • Conclusion: BRSR Core indicators prepared in all material respects in accordance with criteria

AGM Information

  • 37th Annual General Meeting to be held on Monday, September 21, 2026 at 2.30 p.m. (IST)
  • Mode: Video Conferencing/Other Audio Visual Means