Sanjay Aggarwal is Chairman & CEO of Paramount Cables Group, one of the largest manufacturer companies in India. Sanjay Aggarwal is the President of PHDCCI.
An expert in business growth, Sanjay has been an integral part of the growth story of Paramount Cables from a Rs 1 crore small scale industrial unit to one of the largest cable manufacturers in India. Sanjay personally led various key initiatives for Paramount Cables including the first public issue on Bombay Stock Exchange in 1994. Sanjay has also been the recipient of numerous prestigious awards over the past 34 years which include the National Small Industry Award 1984 given away by the President of India.
1. An introduction from you - background, overview, education...
2. Can you tell us about Paramount Cables - Electrical & Electronic Manufacturing, where you are the Chairman & CEO at Paramount Communications limited.
3. The 60 years of the Paramount Cables company reflect the growth of India in a lot of areas. How did you cope with the challenges of India's growth and all related areas?
4. You are the President at PHD Chamber of Commerce. Can you tell us about the organisation and efforts?
5. PHD Chamber of Commerce and Industry, was established in 1905. Since then India has been established as one of the leading business and economic nations. How do you see the history of the organisation?
6. With 42 million SMEs that represent around 45% of India workforce and exports. Can you tell us your efforts in this area?
7. With 130,000 companies as its members base, PHD Chamber is a major organisation focused on the development of small and medium businesses. What are your goals and how do you see the present and future of SMEs as the most important sector of our society?
8. HD Chamber has been authorized by the Government of India to issue Certificate of Origin (Non-Preferential) to Indian exporters. Can you tell us about this?
9. With Covid-19 there is an opportunity to redesign SMEs with digital transformation technologies and social impact. Can you tell us about doing business and commerce in India and how your organisation can help?
10. What are your final words and visions for the present and future of India?
About Sanjay Aggarwal’s background. My father started Paramount Communications back in the 50s. At that time, there was a great deal of lack of resources in India, there were hard times indeed. The context was very limited, especially in the field my father started his company, with few companies coping the market. The business was about producing cables and connecting homes across India.
When I started working in the company, in the 80s, the turnover of the company was a few million rupees. It was a time where there were big things happening in India, opening up to the world. My job was to take care of the company. I brought in new ideas, developing new products and I was able to successfully list the company on the stock exchange. Under my leadership we have been able to grow ever since to become a leading cable manufacturer company in India: from a Rs 1 crore small scale industrial unit to one of the largest cable manufacturers in India.
We have expanded our core business. We are now developing submarine cables. In fact, we were in charge of the connection between Sri Lanka and India. We have also acquired the oldest cable company in the world in 2007 to keep growing our business.
These are just some of the solutions we have provided. We are very proud of the work we have done and what we have achieved over the years.
Challenges facing entrepreneurs in India. The 90s was a great time in India. The opening of the country to the world, foreign capital came into the country and the growth was felt in the homes too. There were many challenges for entrepreneurs, of course. From my position, I have been very active and in close contact with the government, chambers of commerce and other associations to fight for entrepreneurs and SMEs. I thought that I could help them and become a representative of them, that is why I became the President of PHDCCI. One of the latest challenges has been the COVID-19 pandemic. When it happened, many business owners and companies were left with so many problems they haven’t faced before. So through my work on the PHDCCI we have been able to help many businesses, helping them work in other regional areas, with digitization, getting financial aid, etc. This disaster is actually making us think out of the box and even finding new opportunities.
About the PHD Chamber of Commerce. It was founded back when India was still a British colony. Over the years, the chamber kept growing and expanding to different regions within India, to a total of 33 now. Our ethos is based on progress and modernization, advising and supporting companies since our inception. We are their representatives, we talk on behalf of our companies. Our major efforts are regarding policy and as a contact point between businesses and the government. We also have a strong focus on skilling, providing different educational programs for our members.
Something that really makes us stand apart is that we are focused on SMEs. Whereas other chambers of commerce focus on industries, we support SMEs. With 130,000 companies as our members base, PHD Chamber is a major organisation focused on the development of small and medium businesses. We strongly believe in modernization and we have an open mind regarding new trends, technologies and processes.
Doing business in India. India is one of the most inviting countries to do business. We have a stable political environment, the rule of law defines our democracy and that provides the stability businesses need. We also have a huge market. We are going to become the third largest economy in the world in the next 10 years. And at the same time there is still much to be done, we are still getting there and there are still gaps in the market that businesses are slowly coping with.
Sanjay Aggarwal is Chairman & CEO of Paramount Cables Group. He completed his B.Com. (Hons) from the prestigious SRCC- Shri Ram College of Commerce in the year 1983 and joined Paramount Cables, founded by his father Lt Shri S.S. Aggarwal. Sanjay has also been the recipient of numerous prestigious awards over the past 34 years which include the National Small Industry Award 1984 given away by the President of India, Entrepreneur of the Year Award 1994 by All India Manufacturers Organization, Niryat Shree Award 2008-09 by FIEO and Major Donor Award 2017 by Rotary Foundation of Rotary International. Sanjay has been an integral part of the growth story of Paramount Cables from a Rs 1 crore small scale industrial unit to one of the largest cable manufacturers in India. Sanjay personally led various key initiatives for Paramount Cables including the first public issue on Bombay Stock Exchange in 1994, the transformation of the company from small enterprise status into medium scale industry upon successful launch of its PIJF Telecom Cable plant and further expansion and diversification into Optical Fiber Cables in 2001 and High Voltage Cables in 2007.
Sanjay Aggarwal, Chairman/CEO, Paramount Communication Ltd. Previously Mr Sanjay Aggarwal Secretary & Vice President at Telecom Equipment Manufacturers Association of India. He is President of the board of PHD Chamber of Commerce & Industry, Paramount Wires & Cables Ltd., AEI Power Cables Ltd. and Paramount Holdings Ltd. (Cyprus).
In the past Sanjay Aggarwal was Chief Financial Officer of Universal Cables Ltd.
Sanjay Aggarwal received an undergraduate degree from Shri Ram College of Commerce.
PHD Chamber of Commerce and Industry, established in 1905, is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages.The Chamber acts as a catalyst in the promotion of industry, trade and entrepreneurship. PHD Chamber, through its research-based policy advocacy role, positively impacts the economic growth and development of the nation.PHD Chamber is more than an organisation of the business community, as it lives by the chosen motto In Communities Life & Part of It and contributes significantly to socio-economic development and capacity building in several fields.
‘’PHD Chamber of Commerce and Industry(PHDCCI) is one of the Premier Chambers in India to have been accredited with “Diamond Grade” by NABET(QCI), at national and international level.
PHDCCI is a National Apex Chamber having its international office at Bahrain for 6 GCC countries, with 1,30,000 companies as its members base, as total focus on the development of small and medium businesses. PHDCCI has co-opted National and International Industry Associations and Organisations through over 100 MoUs signed between the parties.’’