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Shakti Pumps (India) > Company History > Pumps > Company History of Shakti Pumps (India) - BSE: 531431, NSE: SHAKTIPUMP
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Shakti Pumps (India)

BSE: 531431|NSE: SHAKTIPUMP|ISIN: INE908D01010|SECTOR: Pumps
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Company History - Shakti Pumps (India)
Shakti Pumps (India) Ltd. was originally established in January 1982
 as a Partnership Firm in the name of M/s. Shakti Electrical
 Industries by Shri Manoharlal Patidar, Shri Chandrasekhar Patidar and
 5 members of 
 Chaudhary Family headed by Ramchandra Chaudhary.  In 1986, Chaudhary
 Family retired from the partnership and Shri Dinesh Patidar joined as
 partner.  In April 1990 Shri Chandrasekhar Patidar retired and Shri
 Sunil Patidar joined as partner.  The partnership firm was
 reconstituted 
 three times in 1986, 1990 and 1994 before being converted into Public
 Limited Company under the provision of Section 565, 566 and 567 of
 Part IX of the Companies Act, 1956.  The Registrar of Companies,
 Madhya Pradesh at Gwalior, issued the Certificate of Incorporation
 dated 21st April, 1995.  The Certificate of Commencement of
 Production was received on 14.06.1995.  
 
 The unit was initially set up as a Small Scale Unit in 1982 to
 manufacture submersible pumps with installed capacity of 1500 pumps
 p.a. per shift.  The unit is under the exclusive ownership and
 control of Patidar Family since 1986.  The unit received ISI mark for
 its product in 1991.  M. P. Govt. (P.H.E.D. and Irrigation Dept) is
 the major consumer of the unit.  The unit has been supplying to M. P.
 Govt. under rate contract arrangement through Madhya Pradesh Laghu
 Udyog Nigam Ltd.  (MPLUN).  During the last 3 years, the unit has
 developed good network of private dealers in M. P. and few districts
 of Rajasthan bordering M.P.  The turnover of the unit went up from
 Rs. 124.99 lacs in 92-93 to Rs.449.27 lacs during 94-95.  During
 93-94 the unit has set up facility for manufacture of 800 Control
 Panels p.a. per shift.  The sales to private dealers which was only
 Rs. 30.30 lacs during 93-94 (constituting only 13% of the total sales
 of Rs. 238.71 lacs) went upto Rs. 227.86 lacs during 1994-95
 constituting just over 50% of the total sales of 
 Rs.449.27 lacs.  Considering the long association with M. P. Govt and
 the increasing demand from private market, the promoters have
 contemplated the proposed expansion project with increased capacity
 of 10,000 pumps and 8000 control panels.  The project also envisages
 to set up facility for manufacture of 10,000 monoblock pumps p.a.
 
 2005
 
 -Shakti Pumps secures export orders worth Rs 40 mn
 
 -Shakti Pumps secures order worth US $ 3 million from Vervent Inc ,
 USA
 
 -Shakti Pumps has successfully launched its first 4 Canned
 (Encapsulated) Raisin Cooled Energy Efficient Motor the Company is
 the only manufacturer in India of this type of product.
 
 -Shakti Pumps secures order worth US $ 3 mn from Swiss Motor Company
 
 -Shakti Pumps secures export order worth US $ 1 mn from Spain
 
 2006
 
 -Shakti Pumps has decided to recommend for dividend @ 10%
 
 2007
 
 -Shakti Pumps Commencement of commercial production of plant at SEZ,
 Pithampur, Indore, M.P.
 
 -Shakti Pumps signs agreement with Water Supply Dept. of Andhra
 Pradesh Government
 
 2009
 
 -Shakti Pumps has recommended Dividend @10%
 
 2010
 
 -Shakti Pumps India has recommended Dividend @ 10%
 
 2011
 
 -Shakti Pumps inaugurates New Office at Mumbai
 
 -Shakti Pumps has given the Bonus in the Ratio of 1:1
 
 2012
 
 -Shakti Pumps get status of Star Export House by Ministry of Commerce
 and Industry in accordance with the provision of the Foreign Trade
 Policy, 2004-2009.
 
 2013
 
 -Shakti Pumps has entered into an agreement with Perfect Relation
 Pvt. Ltd. for providing media and public relations services.
 
 -Shakti Pumps has bagged an order worth Rs 2.83 crore with Rajasthan
 Electronics & Instruments Limited for 900 nos. of pumps for a solar
 project.
 
 2014
 
 -Shakti Pumps India wins First Prize for Best Display Award by Madhya
 Pradesh Pavilion.
 
 2015
 
 -Shakti Pumps wins award for Corporate Excellence
 
 -Shakti Pumps enters into MoU with Ratnakar Bank Limited (RBL) for
 funding Solar Pump sets
 
 -Water pump maker Shakti Pumps India Ltd it has received the regional
 export award for the outstanding export performance
 
 -Shakti Pumps - Best Display Award India International Trade Fair
 
 -Shakti Pumps bags ECGC - Dun & Bradstreet Award for Best Focus
 Product Exports
Source : Dion Global Solutions Limited
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