Shakti Pumps invests ₹12 crore in wholly owned EV subsidiary
- Shakti Pumps invested ₹12 crore in Shakti EV Mobility Private Limited
- Consolidated investment in the subsidiary now stands at ₹92 crore
- Subsidiary turnover rose to ₹2,425.41 lakh in FY26 from ₹372.73 lakh in FY25
- Transaction completed without government or regulatory approvals
*this image is generated using AI for illustrative purposes only.
Shakti Pumps (India) Limited invested ₹12 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1.2 crore equity shares. This infusion brings the consolidated investment in the electric vehicle component maker to ₹92 crore.
The transaction was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares were issued at a face value of ₹10 each. As a wholly owned subsidiary, the acquisition does not fall under related party transactions, and no government or regulatory approvals were required for the same-day completion of the deal.
Subsidiary financial trajectory
Shakti EV Mobility Private Limited was incorporated on December 16, 2021, and operates in the manufacturing of electric vehicle motors and chargers. The subsidiary has shown significant revenue acceleration in the most recent fiscal year compared to previous periods.
| Fiscal Year | Turnover (₹ lakh) |
|---|---|
| FY26 | 2,425.41 |
| FY25 | 372.73 |
| FY24 | 430.09 |
The data indicates a substantial jump in turnover from FY25 to FY26, reflecting the ramp-up phase of the subsidiary's operations in the two-wheeler, three-wheeler, and four-wheeler EV motor segments.
What the numbers show
The latest capital infusion represents approximately 13% of the total consolidated investment of ₹92 crore made by the parent company to date. With total assets of the subsidiary standing at ₹12,857.28 lakh as on March 31, 2026, the new equity injection is relatively modest compared to the existing asset base but aligns with the company's stated objective to initiate and expand business operations. The sharp increase in turnover from ₹372.73 lakh in FY25 to ₹2,425.41 lakh in FY26 suggests that the subsidiary is moving beyond its initial setup phase into active commercial production.
Historical Stock Returns for Shakti Pumps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.83% | -5.68% | -14.97% | -28.55% | -51.32% | +243.03% |
How will the additional ₹12 crore capital specifically accelerate Shakti EV Mobility's capacity expansion for four-wheeler EV motors?
What are the projected profitability timelines for the subsidiary given its current revenue ramp-up phase?
Will Shakti Pumps pursue external strategic partnerships or joint ventures to scale beyond its wholly owned subsidiary model?
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