Shakti Pumps

What Shakti Pumps does

Shakti Pumps (India) Limited is a publicly listed Indian manufacturer of energy-efficient pumping solutions, headquartered in Indore with manufacturing at Pithampur in Madhya Pradesh and listed on the Bombay Stock Exchange (BSE: SHAKTIPUMP / 531431). Founded in 1982 by Dinesh Patidar, the company started with stainless-steel submersible pumps and motors and has since pivoted toward solar-powered pumping systems aligned with India's PM-KUSUM and state-level schemes such as Magel Tyala Saur Krushi Pump Yojana. The portfolio spans submersible pumps, open-well pumps, immersible pumps (SMTR series, 0.5–60 HP), motors, controllers, and the Shakti Solar Series, supported by 16 technology patents and 1,200+ product variants.

The company's business model is hardware sales-led, with revenue generated primarily from large government tenders — KREDL (Rs 654 crore for 16,780 pumps, January 2026), MSEDCL (Rs 155 crore for 6,580 pumps, April 2026), MPUVN (4,840 pumps), Haryana Renewable Energy Department, and Jharkhand REDA — supplemented by a dealer and authorized channel partner network (Tirupati Pump House for the Northeast, P.C. Jain & Sons for Uttar Pradesh), industrial and residential pump sales, and exports to 100+ countries including a new Uganda operation. FY26 consolidated net sales reached Rs 2,697.61 crore with a consolidated net profit of Rs 257.58 crore, against an order book reported between Rs 1,500 and Rs 2,050 crore.

Shakti Pumps is actively moving up the value chain via wholly-owned subsidiary Shakti Energy Solutions Limited, which is building a 2.20 GW solar DCR cell and PV module manufacturing facility at Pithampur to vertically integrate solar pump supply, financed in part by a Rs 292 crore QIP in July 2025. The company also holds electric-vehicle manufacturing subsidiary Shakti EV Mobility and has raised a combined ~Rs 492 crore via successive QIPs in March 2024 (LIC and SBI Mutual Fund, Rs 200 crore) and July 2025 (~Rs 292 crore) to fund capacity expansion. Institutional and third-party recognition includes Fortune India Emerging 100 (Rank 15), Hurun List 2025 (Madhya Pradesh's Most Valuable Family Business), and a Guinness World Record for solar water pumps installed in one month.

Name

Shakti Pumps

Legal name

Shakti Pumps (India) Limited

Website

https://shaktipumps.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shakti Pumps (India) Limited, founded in 1982 and listed on BSE, manufactures solar and stainless-steel submersible pumps from Pithampur, Madhya Pradesh, supplying Indian state utilities, farmers, industrial users, and 100+ export markets, with backward integration into solar cell manufacturing.

Ownership category

akta.pro rank

Product category

Water Pumps and Pumping Equipment

NAICS

Pump and Compressor Manufacturing (33391), Fluid Power Pump and Motor Manufacturing (333996)

SIC

Pumps & Pumping Equipment (3561), Motors & Generators (3621)

akta.pro primary industry

Centrifugal Pumps (IMAHANAA)

akta.pro secondary industries

Pump Systems & Pumping Stations (Surface, Submersible, Booster) (AFAAACAC), Pumps & Pumping Accessories (Surface/Submersible, Impellers, Seals) (AFABAHAH)

Keywords

• Solar water pumps
• Submersible pumps
• Industrial pumping solutions
• Agricultural irrigation equipment
• Energy efficient pumps

Headquarters

HQ city

Dhar

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Solar Water Pumps: Sale of solar-powered water pumping systems primarily to government entities under PM-KUSUM scheme and state-specific programs. Revenue recognized upon delivery, installation, and commissioning of pumping systems.
2. Industrial and Commercial Pumps: Submersible pumps, open well pumps, centrifugal pumps, and immersible pumps for industrial, agricultural, and residential applications
3. Solar Cell and Module Manufacturing: Manufacturing and sale of solar DCR cells and PV modules through subsidiary Shakti Energy Solutions Limited

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Shakti Pumps manufactures energy-efficient pumping solutions including solar-powered water pumping systems, stainless steel submersible pumps, open well pumps, immersible pumps, motors, and controllers. Its offerings serve agricultural irrigation, industrial fluid handling, residential water supply, and government-sponsored rural electrification schemes such as PM-KUSUM and Magel Tyala across India and 100+ countries.

Product overview

Shakti Pumps (India) Limited is a Pithampur-based manufacturer offering energy-efficient pumping solutions with a diverse product portfolio spanning solar pumps, submersible pumps, open well pumps, immersible pumps, motors, and controllers. The company operates as a unified platform offering multiple product lines focused on water management across agriculture, industrial, residential, commercial, and government sectors. Their Solar Series products harness solar energy for irrigation, while their industrial-grade submersible and centrifugal pumps serve diverse applications from domestic water supply to heavy-duty machine tool cooling.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Pumps (Shakti Solar Series) Energy-efficient solar photovoltaic water pumping systems designed for off-grid agricultural irrigation, leveraging solar energy to provide sustainable water management for farmers. Available in 3HP, 5HP, and 7.5HP specifications and deployed at scale under PM-KUSUM and state schemes.
• Submersible Pumps 100% stainless steel submersible pumps and motors for deep well water extraction, designed for agricultural, industrial, domestic, and horticultural applications with corrosion-resistant construction.
• Open Well Pumps Centrifugal pumps designed for extraction from open reservoirs, wells, or tanks, used for agricultural, domestic, commercial, and industrial water supply. Includes SS and CI Openwell Pumps, SHOC series horizontal pumps, and SOMB series.
• Immersible Pumps (SMTR Series) Vertical multistage centrifugal pumps designed for pumping cooling lubricants for machine tools, condensate transfer, and similar industrial applications. Ratings from 0.5 HP to 60 HP with maximum head of 330m.
• Motors Energy-efficient motors designed to work with pump systems for optimal performance and reduced operational costs.
• Controllers Advanced automation systems for intelligent water management, providing control and monitoring capabilities for pump operations.
• Industrial Pro Heavy-duty industrial pumping solutions designed for demanding industrial applications requiring robust and reliable fluid handling.
• Solar DCR Cells and PV Modules Solar DCR (Domestic Content Requirement) cells and PV modules manufactured through wholly-owned subsidiary Shakti Energy Solutions Limited. 2.20 GW capacity plant in Pithampur supports backward integration for the company's solar pump business.

Quantifiable outcome

• 40% reduction in energy costs
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Tirupati Pump HousecoreChannel Partner/ Reseller/ Distributor · 25 June 2026Authorized channel partner for Northeast India region. Organized Product Launch Meet 2026 in Guwahati, Assam, bringing together dealers, channel partners, and government officials from across Northeast India to showcase latest energy-efficient pumping technologies and solar solutions.
• P.C. Jain & Sons LLPcoreChannel Partner/ Reseller/ Distributor · 10 March 2026Appointed as authorized channel partner in Kanpur, Uttar Pradesh. Partner supports dealer meet events and new showroom inauguration to expand distribution and strengthen service network for solar pumps and energy-efficient solutions.
• Shakti Energy Solutions LimitedcoreStrategic or Co-development PartnerWholly-owned subsidiary overseeing 2.20 GW solar DCR cell and module manufacturing plant in Pithampur, Madhya Pradesh. Investment of Rs 10 crore made by Shakti Pumps to establish greenfield manufacturing facility for backward integration.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CRI Pumps: One of India's largest submersible and solar pump manufacturers, directly competing with Shakti in agricultural, domestic, and industrial pumps. Overlaps strongly on product range, customer segments (farmers, dealers, government), and go-to-market through dealer networks across India.
• Kirloskar Brothers: Leading Indian pump manufacturer with a broad portfolio of centrifugal, submersible, and industrial pumps serving agriculture, industry, and municipal segments. Comparable in scale and product breadth to Shakti's non-solar offerings and a key bidder on government and industrial tenders.
• Crompton Greaves Consumer Electricals: Major Indian branded player in pumps, motors, and fans, with a strong residential and agricultural pump franchise. Overlaps with Shakti in submersible pumps, agricultural irrigation, and rural dealer distribution, and competes for institutional and government orders.
• Texmo Industries: Indian manufacturer of submersible pumps, monobloc pumps, and agricultural pumps under the Texmo brand. Direct overlap with Shakti's domestic agricultural and rural pump business, particularly in tier-2/tier-3 markets via dealer networks.
• Lubi Industries: Gujarat-based pump manufacturer offering submersible, centrifugal, and solar pumps for agriculture, industry, and residential use. Comparable product portfolio, channel-based distribution, and exposure to government solar pump schemes make it a direct India competitor.
• Falcon Pumps: Indian manufacturer of submersible, monobloc, and centrifugal pumps serving agriculture, domestic, and light industrial segments. Competes with Shakti in the value and mid-tier agricultural pump market through overlapping dealer channels.

Broad incumbents

• KSB Limited: Global pump and valve manufacturer with a sizable Indian subsidiary serving industrial, water, and power markets. While more focused on industrial and process pumps than solar pumps, it competes with Shakti in centrifugal and submersible pump categories for institutional buyers.
• Grundfos: Global Danish pump manufacturer with India operations supplying high-efficiency pumps for buildings, industry, and water utility applications. Overlaps with Shakti's industrial, commercial, and emerging solar/energy-efficient pump segments, but with a global premium-brand positioning.
• Adani Solar: Solar manufacturing and EPC arm of the Adani Group with significant solar cell/module capacity and downstream solar applications including agricultural pumps. Competes with Shakti's Pithampur solar plant in module supply and increasingly in integrated solar pumping systems.

Emerging players

• Waaree Energies: One of India's largest solar PV module manufacturers with growing exposure to solar pump and EPC businesses. Comparable to Shakti where the two intersect on solar-powered water pumping solutions and the broader DCR-compliant solar market enabled by PM-KUSUM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/shaktipumps
• Facebookfacebook.com/shaktipumps
• LinkedInlinkedin.com/company/shaktipumps

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shakti Pumps