- Business
- Shakti Pumps (India) Limited specializes in the design, manufacture, and export of a broad range of high-performance, energy-efficient pumping solutions and electric motors. The company's core product portfolio includes stainless steel submersible pumps; solar water pumps; vertical multistage centrifugal pumps; monoblock end suction pumps; pressure booster pumps; wastewater, open well, shallow well, and slow speed pumps; immersible pumps; single shaft vertical multistage pumps; and related spare parts. These products serve diverse applications such as agriculture irrigation (including micro and flood irrigation), horticulture, domestic and community water supply, commercial and industrial uses, firefighting systems, pressure boosting in high-rise buildings, and wastewater treatment. The company also emphasizes solar-powered pumping solutions, capturing a significant 40% market share under the Indian government's PM-KUSUM scheme, focusing on renewable energy and sustainable water management technologies.
Founded in 1982 and headquartered in Pithampur, Madhya Pradesh, India, Shakti Pumps operates a large manufacturing facility capable of producing approximately 500,000 pumps annually. The company has a strong global presence, exporting products to over 120 countries worldwide. It maintains a diversified portfolio of over 1,200 indigenously developed products, underscoring its commitment to innovation with consistent investment in research and development.
Recent major developments include a strategic partnership with ReNew Photovoltaic Private Limited for the supply of DCR cell-based solar modules valued at approximately ₹1,300 crore for the fiscal year 2025-26, enhancing its renewable energy footprint. The company also secured board approval for a ₹400 crore capital raise through a Qualified Institutional Placement in early 2025 to support expansion plans backed by a robust order book of ₹1,800 crore. Further, Shakti Pumps announced a ₹120 million equity investment in its wholly owned subsidiary Shakti Energy Solutions to expand its solar cell and module manufacturing capabilities. The company also bolstered its presence in the electric vehicle sector through significant investments in its subsidiary Shakti EV Mobility, which manufactures electric vehicle motors, chargers, and related components, with a recent infusion of ₹6 crore and plans to expand this business line. Shakti Pumps is also increasing its manufacturing capacity by an additional 200,000 units per annum to a total of 700,000 units to cater to core pump production and its EV segment.
These strategic alliances, capacity expansions, and recent product innovations position Shakti Pumps as a leader not only in traditional pumping solutions but also at the forefront of the growing solar and electric vehicle markets, reinforcing its role as a key player in India's sustainable energy and water management industries.