News, 8 August 2025
Shakti Pumps (India) Limited has infused ₹5 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 50 lakh equity shares at ₹10 each boosting its total investment in the electric‐mobility arm to ₹55 crore. Completed on the same day as the share issuance, the transaction fully complies with SEBI LODR Regulation 30, Schedule III Part A and the July 13, 2023 circular, and being between wholly owned entities does not constitute a related‐party deal or require external approvals.
Founded on December 16, 2021, Shakti EV Mobility manufactures electric motors for two‐, three‐ and four-wheelers, alongside EV chargers and control systems. As of March 31, 2025, the company’s assets totaled ₹1,012.18 crore, with revenues reaching ₹37.27 crore. This fresh capital will accelerate its production capabilities and market expansion in India’s rapidly evolving EV sector.
Established in 1982 and publicly listed since 1995, Shakti Pumps stands as India’s leading manufacturer of solar pumps and stainless-steel submersible systems. With two cutting‐edge plants in Pithampur, Madhya Pradesh—and an annual capacity of 500,000 pumps and motors it remains the only domestic company to produce all major solar-pump components (VFDs, motors, structures, inverters) in-house. Exporting to over 100 countries and holding the distinction of India’s first 5-star rated pump maker, Shakti Pumps continues to drive rural solar irrigation and bolster the nation’s clean-energy mission.
