Shakti Pumps has invested Rs. 1,00,00,000 in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Limited) by subscribing to 10,00,000 Equity Shares of Rs. 10/- (Rupees Ten each).
The consolidated investment is Rs. 13,76,00,000/- (Rupees Twelve Crore Seventy Six Lacs Only) after subscribing aforesaid equity shares.
Shakti EV Mobility Private Limited (“the Company”) was incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) Limited (“SPIL”) 16th December, 2021.
Shakti EV Mobility Private Limited is engaged in manufacturing Electric Vehicle motors, Charging stations for Home and Commercial use, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, and Battery Charging Systems.