RR Kabel Success Story: It is said that no one knows where success lies. Today we are talking about Rameshwar Lal Kabra, founder of RR Kabel Ltd. He went from Bangladesh to Nepal to do good business. But I didn’t feel like going there. Then came back to India. Ran shops in many cities. Then formed the company. Today the market cap of this company is around Rs 19,500 crore.
Went from Bangladesh to Nepal then returned to India
The story of Rameshwarlal Kabra will start from Bangladesh. From there he migrated to Nepal in connection with business. He didn’t like it there so he came to India. Here he opened an electrical goods shop in Indore, Madhya Pradesh. When I didn’t feel like it there too, I came to Mumbai and opened a shop for the same thing.
The only principle was hard work
His son Shri Gopal Kabra, currently MD and Group President of RR Global, says that Rameshwarlal Kabra had only one goal – hard work. Following this principle, he shifted to manufacturing of electrical goods. There he got immense success. That is why today his group has become diversified.
Electric wire factory set up
About 25 years ago he set up a factory for electrical wires or cables, switches, switchgear, lighting and other accessories. It went away. It became successful because the products made from it are fire proof. This means that even if there is a fire in a house or a factory, there will be no effect on the cable. Meaning that there will be no fire even in an accident like short circuit.
got the company listed
This RR cable was listed only in September last year. At that time Rs 1964.01 crore was raised from the market. The price band of the company’s shares with face value of Rs 5 was kept at Rs 983 to Rs 1935. It got great success. Last Friday, i.e. on October 11, 2024, the shares of this company closed at Rs 1718.65.
Company started with Rs 27 crores became worth Rs 19,500 crores
When this company was started, a capital of about Rs 27 crore was required to build it. As of today, this company is desperate to touch the figure of Rs 20,000 crore. Last Friday, one of its shares closed above Rs 1718 in BSE. Accordingly, the market cap of the company is Rs 19,430.47 crore.
Received Padmashree Award
Rameshwarlal Kabra has also been very active in social service. He has established Ekal Andolan and Ekal Vidyalaya for the tribal and deprived community. Along with this, he has also contributed a lot in the field of trade and industry. To honor this contribution, he was awarded Padmashree in the year 2018.