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Shakti Pumps India Limited is a manufacturer of submersible pumps for domestic, industrial, horticultural and agricultural use[citation needed]. Shakti pumps exports to more than 100 countries,[citation needed] with branches in the USA, Australia and UAE.The company is listed in the Bombay Stock Exchange and the National Stock Exchange of India.[1] The company has two manufacturing facilities with a capacity of 500,000 pumps per year.[citation needed] Shakti Pumps is also one of the largest manufacturers and exporters of solar pumps in India.[citation needed]
 | |
| Company type | Public |
|---|---|
| Industry | Pumps |
| Founded | 1982 |
| Headquarters | Pithampur, Madhya Pradesh, India |
Area served | Worldwide |
Key people | |
| Products | Pumps Foundry |
| Revenue |  $100 Million USD (2015) |
Number of employees | ~1400 (2016) |
History edit
Shakti Pumps was incorporated in 1982 by the Patidar family of Rau (Indore) to manufacture submersible pumps and electric control panels. In 1995, the company went public with an issue of Rs 500 lakh.
Later in 1996, company expanded its portfolio by manufacturing stainless steel submersible pumps and motors. In the same year, Shakti Pumps started its export operation.
In the year 2006, company was acknowledged with one star export house status. In the same year, the company established a branch office in Australia and Turkey.[2]
Products and Services edit
The company manufactures submersible pumps and submersible motors and associated control panels under the name Shakti.
The company is second largest stainless steel submersible pump sets manufacturer in the world.[citation needed]
References edit
- ^ "Listing Price BSE and NSE". money control. 1 June 2016. Retrieved 1 June 2016.
- ^ "Shakti Pump History". NDTV Profit. 1 June 2016. Retrieved 1 June 2016.