Shakti Pumps (India) Limited has invested ₹5 crore in its fully-owned subsidiary, Shakti EV Mobility Private Limited. The amount was allocated through the purchase of 50 lakh equity shares at a face value of ₹10 each, raising the total investment in the unit to ₹55 crore.
This financial move aligns with the provisions of Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, 2015, and includes all necessary disclosures under Schedule III, Part A, Paragraph A(1), as well as in line with SEBI’s circular dated July 13, 2023.
Established on December 16, 2021, Shakti EV Mobility focuses on the electric vehicle segment. The company manufactures electric motors for various vehicle types, including two-, three-, and four-wheelers, along with specialized vehicles. Its portfolio also includes EV chargers and control systems. As of March 31, 2025, it recorded assets of ₹1,012.18 crore and revenue of ₹37.27 crore.
Since the electric mobility firm is entirely owned by Shakti Pumps, this investment is not considered a related-party transaction under current rules, and arm’s length pricing requirements do not apply. The transaction was carried out without the need for government or regulatory approvals and was completed on the same day as the share issuance. The funding aims to accelerate the growth and operational capacity of Shakti EV Mobility. The company plans to enhance its production capabilities and further its role in the evolving electric vehicle market.
Founded in 1982 and publicly listed since 1995, Shakti Pumps is a leading Indian manufacturer specializing in solar pumps, stainless steel submersible systems, and energy-efficient water pumping technologies. It remains the only Indian company to fully manufacture all major solar pump components in-house, including VFDs, motors, structures, and inverters.
With two advanced production units located in Pithampur, Madhya Pradesh, the company has an annual manufacturing capacity of 5 lakh pumps and motors. Shakti Pumps is also a pioneer in delivering solar-powered irrigation solutions, helping India’s rural and agricultural sectors reduce dependence on conventional power sources.
Known for quality, durability, and innovation, Shakti Pumps exports to over 100 countries and holds the distinction of being India’s first 5-star rated pump maker. The firm continues to play a vital role in supporting India’s clean energy mission.
