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Shakti Pumps eyeing Rs 5,000 crore revenues in next five years

16 Mar 2015 Evaluate

Shakti Pumps (India) is aiming to clock revenue of Rs 5,000 crore within next five years with the help of overseas acquisitions to strengthen its global footprints.

The company is looking to strengthen its brand in the overseas market. For this purpose the company is looking at acquiring pump companies mainly in the US and Europe with good available network, from which it can leverage.

Shakti Pumps was incorporated to manufacture submersible pumps and electric control panels. The company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.

Peers
Company Name CMP
Kirloskar Brothers 1595.55
Elgi Equipments 511.75
Shakti Pumps (India) 386.90
KSB 682.30
Oswal Pumps 219.45
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