Author: abhishek2019cs034abesit@gmail.com

Shakti Pumps (India) Limited has invested ₹11 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh.

The investment, made through a cash subscription to equity shares of the subsidiary, will support the development of a high-efficiency Solar DCR cell and solar PV module manufacturing plant with a planned production capacity of 2.20 GW.

Shakti Energy Solutions, incorporated in 2010, currently operates in the manufacturing of solar structures and rooftop solutions. Its turnover increased from ₹139.59 crore in FY2023-24 to ₹216.53 crore in FY2024-25 and further to ₹239.11 crore in FY2025-26.

The new facility is part of Shakti Pumps’ broader capacity-expansion programme. According to the company’s FY2025-26 investor presentation, the planned investment for the 2.2 GW Solar DCR cell and PV module plant is ₹1,200 crore, with commissioning of 0.5 GW of DCR module capacity expected by the end of Q1 FY2026-27.

The company has said the solar manufacturing project will enable greater backward integration through in-house DCR cell manufacturing and provide greater control across the solar value chain.

The ₹11 crore investment was completed on September 14, 2026. As the investment was made in a wholly owned subsidiary, it does not qualify as a related-party transaction, according to the disclosed details.

Shakti Pumps (India) Limited has invested ₹11 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh.

The investment, made through a cash subscription to equity shares of the subsidiary, will support the development of a high-efficiency Solar DCR cell and solar PV module manufacturing plant with a planned production capacity of 2.20 GW.

Shakti Energy Solutions, incorporated in 2010, currently operates in the manufacturing of solar structures and rooftop solutions. Its turnover increased from ₹139.59 crore in FY2023-24 to ₹216.53 crore in FY2024-25 and further to ₹239.11 crore in FY2025-26.

The new facility is part of Shakti Pumps’ broader capacity-expansion programme. According to the company’s FY2025-26 investor presentation, the planned investment for the 2.2 GW Solar DCR cell and PV module plant is ₹1,200 crore, with commissioning of 0.5 GW of DCR module capacity expected by the end of Q1 FY2026-27.

The company has said the solar manufacturing project will enable greater backward integration through in-house DCR cell manufacturing and provide greater control across the solar value chain.

The ₹11 crore investment was completed on September 14, 2026. As the investment was made in a wholly owned subsidiary, it does not qualify as a related-party transaction, according to the disclosed details.

Shakti Pumps (India) Limited has invested ₹11 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh.

The investment, made through a cash subscription to equity shares of the subsidiary, will support the development of a high-efficiency Solar DCR cell and solar PV module manufacturing plant with a planned production capacity of 2.20 GW.

Shakti Energy Solutions, incorporated in 2010, currently operates in the manufacturing of solar structures and rooftop solutions. Its turnover increased from ₹139.59 crore in FY2023-24 to ₹216.53 crore in FY2024-25 and further to ₹239.11 crore in FY2025-26.

The new facility is part of Shakti Pumps’ broader capacity-expansion programme. According to the company’s FY2025-26 investor presentation, the planned investment for the 2.2 GW Solar DCR cell and PV module plant is ₹1,200 crore, with commissioning of 0.5 GW of DCR module capacity expected by the end of Q1 FY2026-27.

The company has said the solar manufacturing project will enable greater backward integration through in-house DCR cell manufacturing and provide greater control across the solar value chain.

The ₹11 crore investment was completed on September 14, 2026. As the investment was made in a wholly owned subsidiary, it does not qualify as a related-party transaction, according to the disclosed details.

BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”