Mumbai, Jun 12 (UNI) Private equity player Subhkam Ventures has increased its stake in Shakti Pumps (India) Ltd., a leading stainless steel submersible pump manufacturer in India, to 12.05 per cent.
Mr. Manu Punnoose, Director&CEO, Subhkam Ventures said ''Shakti Pumps (India) Ltd. has demonstrated its products' superiority and credentials and is successfully competing with the world's largest player Grundfos in the export market. The most striking feature of its product line is its energy efficiency of over 30 per cent over other competing products.'' The Company is expected to close FY08 with turnover of over Rs.100 crore. The Company caters to both the domestic as well as export market.
The Company has two state of the art facilities in Indore. Based on its superior quality, Shakti Pumps has been able to successfully compete with world leader Grundfos in the major international markets. The pumps of the Company are almost 30 per cent more energy efficient than other pumps in the market, a release said.
UNI AR OBB AG1805