Shakti Pumps Invests ₹5 Crore in EV Mobility Subsidiary

Shakti Pumps (India) Limited has invested ₹5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, according to a regulatory filing submitted to the stock exchanges. The capital infusion was executed through the cash subscription of 50 lakh equity shares possessing a face value of ₹10 each. Following this transaction, the parent company's aggregate consolidated investment in the electric mobility unit stands at ₹70 crore.

The primary objective of the funding is to support the operational expansion of the subsidiary. Incorporated in December 2021, Shakti EV Mobility specializes in the engineering and production of electric vehicle powertrain components, including motors and charger controllers designed for two-wheelers, three-wheelers, four-wheelers, and special-purpose electric vehicles.

Further down in the regulatory disclosure, the company outlined the historical financial trajectory of the domestic EV component business. The subsidiary recorded a significant revenue scale-up during FY26, posting a turnover of ₹24.25 crore, following the ₹3.73 crore registered in FY25.