Shakti Pumps (India) has invested Rs 1.50 crore in its wholly owned subsidiary i.e. Shakti EV Mobility (formerly known as Shakti Green Industries) by subscribing to 15,00,000 Equity Shares of Rs 10. The consolidated investment is Rs 9.76 crore after subscribing aforesaid equity shares.
Shakti EV Mobility is incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) (SPIL) December 16, 2021. The Company is engaged in manufacturing, trade, buy, sale of Electric Vehicle motors, Charging stations for Home/ Commercial/ Highways, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, Battery Charging System, Customized/ Integrated Electronic /Electrical Control Panel.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.