About Shakti Pumps

Shakti Pumps (India) Limited is an integrated manufacturer of pumps, motors, controllers, variable frequency drives, inverters, and solar structures with four decades of presence, three state-of-the-art plants at Pithampur (MP), and a footprint across 100+ countries as of March 31, 2025. The Company is a leading supplier under PM-KUSUM with an estimated ~25% market share and 1,52,594 solar pumps installed, supported by strong backward integration and an in-house DSIR-recognised R&D centre with 15 granted patents out of 29 filed. Incorporated as an SSI in 1982, listed in 1996, and an early solar pump entrant in 2014, Shakti has scaled to Rs 2,516.20 crore consolidated revenue in FY 2024–25, driven by solar pumps, exports, and electronics, with exports contributing 17.4% and presence dominant in Africa, Middle East, USA, and Asia. The Company operates an SEZ export unit, an Electronics & Control Unit with 4,00,000 VFDs/inverters capacity, and has expanded structures to 2,00,000 units and is doubling pumps and motors capacity from 5,00,000 to 10,00,000 units per annum to meet demand.

Activities and offerings span submersible, open-well, monoblock, vertical multistage, wastewater and booster pumps; submersible and surface motors; smart controllers, VFDs, inverters, RMS/IoT; solar module mounting structures; and EV motors, controllers, and chargers via its wholly owned subsidiary Shakti EV Mobility Private Limited formed in December 2021. Operating geographies include India and exports to over 100 countries with subsidiaries in USA, UAE, Bangladesh, and a branch in Uganda; the Company’s corporate theme is “Solar Solutions for Sustainable Growth,” aligning with India’s rural water and clean energy goals. As of FY 2024–25, the Group includes domestic subsidiaries Shakti Energy Solutions Limited (structures; Rs 216.80 crore revenue) and Shakti EV Mobility Private Limited (EV components; Rs 3.80 crore revenue), and international subsidiaries Shakti Pumps USA, LLC (Rs 53.50 crore revenue) and Shakti Pumps (FZE), UAE (Rs 29.40 crore revenue), alongside the Uganda branch. Key milestones include CE mark and early exports (2003), SEZ unit (2008), first BEE 5-star in pumps (2009), PM-KUSUM participation (from 2020), 7 new patents in 2024, revenue crossing Rs 2,516.20 crore in FY 2024–25, and successful QIPs in 2024 and July 2025 to fund capacity and solar DCR plans.

Shakti Pumps Business Segment

• Revenue: Rs 2,516.20 crore in FY 2024–25; EBITDA Rs 603.00 crore (24.0%); PAT Rs 408.40 crore; order book Rs 1,654.60 crore as of March 31, 2025.

• Export contribution: 17.4% of revenue in FY 2024–25; exports grew 52.7% YoY to Rs 436.80 crore; export revenue-mix skewed to Africa (43.3%), Middle East (24.8%), United States (14.7%), RoW (13.8%), Asia (3.4%).

• Product/vertical mix: The Business Responsibility and Sustainability Report discloses 100% turnover under “Manufacture of other pumps” (NIC 28132), reflecting pump-centric manufacturing while the integrated model includes electronics and structures; detailed segmental revenue by product vertical beyond this classification is not separately disclosed in the report sections accessed.

Geographic split (if disclosed)

• International — Rs 436.80 crore (17.4%).

• India — Rs 2,079.40 crore (82.6%).
  Note: Derived from FY 2024–25 total revenue and export contribution disclosed; rounded to two decimals as per rules.

Shakti Pumps Key Management

• Dinesh Patidar — Chairman and Managing Director.

• Ravi Patidar — Company Secretary.

• Leadership Team and Board references are provided in “Our Leadership Team” and Corporate Information sections; exact names and designations beyond those cited should be read from the leadership pages in the report for completeness.

Latest Updates on Shakti Pumps

• Crossed consolidated revenue of Rs 2,516.20 crore in FY 2024–25, with EBITDA margin expanding to 24.0% and PAT margin to 16.2% on execution excellence and operating leverage.

• Order book stood at Rs 1,654.60 crore with strong visibility from PM-KUSUM and state solar pump programmes in Maharashtra, Uttar Pradesh, Haryana, Rajasthan, and others as of March 31, 2025.

• Capacity expansions: VFDs/inverters to 4,00,000 units annually; structures to 2,00,000; pumps and motors scaling from 5,00,000 to 10,00,000 units; part of the expansion operational in FY 2024–25.

• Subsidiary performance: Shakti Energy Solutions Limited achieved Rs 216.80 crore revenue; Shakti EV Mobility Private Limited progressed EV motors/controllers/chargers with Board-approved Rs 114.30 crore plan and patent on “Stack Assembly for Permanent Magnet Rotor”.

• Strategic initiative: Land secured from Madhya Pradesh Government to set up a 2.2 GW Solar DCR cells and modules facility via Shakti Energy Solutions Limited; aligns with domestic content and supply chain resilience.

Recognitions and funding: Received 7 new patents in 2024 taking total to 15; completed QIP issues in 2024 and July 2025 aggregating Rs 292.60 crore and Rs 292.60 crore-equivalent to fund growth; certified “Great Place to Work” and received Madhya Pradesh Best Employer Award 2025.