Key Quantitative Figures
- Previous overall ESG Rating: [ICRA ESG] Impact Rating 75, Good
- Current overall ESG Rating: [ICRA ESG] Impact Rating 78, Good
- Environment parameter: Improved from 78 (Good) to 81 (Outstanding)
- Social parameter: Improved from 76 (Good) to 80 (Outstanding)
- Governance parameter: Improved from 70 (Good) to 71 (Good)
Entities Involved
- Shakti Pumps (India) Limited (BSE: 531431, NSE: SHAKTIPUMP)
- ICRA ESG Ratings Limited (rating agency)
- National Stock Exchange of India Ltd.
- BSE Limited
Company Background
Shakti Pumps (India) Limited was founded in 1982 as a partnership firm and converted to a public limited company in 1995. The company manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. The company has two manufacturing facilities in Pithampur, Madhya Pradesh with a combined capacity of 500,000 pumps and motors per year. Shakti Pumps is India's first 5-star rated pump manufacturer and supplies products to more than 100 countries.
Management Commentary
Mr. Dinesh Patidar, Chairman of Shakti Pumps, stated that the rating upgrade reflects the company's continued commitment to responsible growth and sustainable value creation. He emphasized that sustainability is deeply integrated into the business strategy, guiding decisions across renewable energy solutions, resource efficiency, governance practices, and social responsibility. The upgrade recognizes progress in strengthening ESG performance, enhancing transparency, and creating positive impact for communities and the environment.