Shakti Pumps Invests ₹5 Crore in Subsidiary Shakti EV Mobility
Shakti Pumps invested ₹5 Crore in its wholly owned subsidiary, Shakti EV Mobility, acquiring 50 Lakh equity shares. This brings the total consolidated investment to ₹70 Crore. Shakti EV Mobility manufactures EV motors and chargers.
The investment of ₹5 crore, while significant for the subsidiary, is a relatively small portion of Shakti Pumps' overall operations, thus having a medium impact.
The investment in a wholly-owned subsidiary to expand its business is a positive development for the company's growth prospects.
Shakti Pumps (India) Limited has announced an investment of ₹5,00,00,000 (Rupees Five Crores Only) in its wholly owned subsidiary, Shakti EV Mobility Private Limited. This investment was made by subscribing to 50,00,000 equity shares of face value ₹10 each.
Following this subscription, the consolidated investment in Shakti EV Mobility now stands at ₹70,00,00,000 (Rupees Seventy Crores Only). Shakti EV Mobility Private Limited, incorporated on December 16, 2021, is engaged in the manufacturing of electric vehicle motors for two-wheelers, three-wheelers, four-wheelers, special-purpose electric vehicles, and chargers for electric vehicles.
The objective of this investment is to initiate and expand the business of the wholly owned subsidiary. The company's total asset size as of March 31, 2026, was ₹12,857.28 Lacs. The turnover for the previous three financial years was ₹2,425.41 Lacs in FY2026, ₹372.73 Lacs in FY2025, and ₹430.09 Lacs in FY2024. No government or regulatory approvals are required for this investment, and it was completed on the same day.
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Shakti Pumps (India) Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shakti Pumps (India) Limited. Read the original for the full detail.