Mumbai, Maharashtra, India, November 2025 — Polycab India Limited, a leading manufacturer of cables, wires, and electrical solutions, has announced the appointment of Niyant Maru as its Chief Financial Officer (CFO). With an illustrious career spanning over two decades in finance leadership, Niyant brings a wealth of expertise in corporate governance, strategic finance, and business transformation across some of India’s most respected conglomerates.
In his new role, Niyant will oversee Polycab’s financial strategy, capital allocation, and fiscal operations, ensuring continued growth and resilience as the company strengthens its leadership in the electrical and energy solutions sector. His appointment comes at a pivotal juncture as Polycab expands its focus on sustainability, digitalization, and global competitiveness.
Before joining Polycab India Limited, Niyant served as Chief Financial Officer at Vistara – Tata SIA Airlines Ltd., where he played a key role in the airline’s strategic expansion, financial governance, and performance optimization over nearly eleven years. His leadership was instrumental in driving operational excellence and building a robust financial framework that supported Vistara’s steady ascent in the aviation sector.
Prior to Vistara, he was the Chief Financial Officer at Tata Realty & Infrastructure Limited, where he led large-scale financial operations, project finance, and capital structuring for infrastructure and real estate ventures. Earlier, he spent over twelve years with The Indian Hotels Company Limited (IHCL), where he held the role of Vice President – Finance, contributing significantly to financial planning, corporate strategy, and investor relations.
Niyant’s appointment reflects Polycab’s commitment to reinforcing its leadership team with seasoned professionals capable of navigating complex financial landscapes and driving value creation in an evolving energy ecosystem.
About Polycab India Limited
Polycab India Limited is one of India’s leading manufacturers of wires and cables and a fast-growing player in the electrical solutions industry. The company’s product portfolio includes cables, wires, fans, switches, lighting, solar solutions, and conduits, delivering comprehensive and sustainable solutions to households and industries alike.
Polycab is also the proud manufacturer of India’s first GreenPro Certified House Wire, underscoring its dedication to environmental responsibility and energy efficiency. With a strong distribution network, cutting-edge technology, and a customer-first approach, Polycab continues to power India’s progress with safe, reliable, and innovative electrical solutions.
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