The promoter group owns less than 20% in Infosys. This included shares held by his wife Kumari Shibulal, his son-in-law Gaurav Manchanda, how son Shreyas Shibulal and shares that were gifted to his grandson, Milan Shibulal Manchanda. It’s a simple capex versus opex comparison. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 percent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per an exchange filing. Client facing efficiency has two sides to it – predictability and reliability. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. After graduating from the University of Pennsylvania, he briefly interned at Tesla – the world’s largest EV automaker – which inspired him to do something similar in India. Shreyas Shibulal, Founder of Micelio – an electric vehicle-focussed fund, and son of Infosys Co-founder SD Shibulal, speaks about the fund’s investment plans. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. While son Shreyas Shibulal owned 1.80 crore shares or 0.66 per cent equity stake and daughter Shruti Shibulal had 27.37 lakh shares or 0.06 per … Both, combined, help the customer. Co-founder. Shibulal's son Shreyas sold 40 lakh shares, 'representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020', as per exchange filing. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. This places an unprecedented economic burden on India and its ability to improve its growth prospects. How Shreyas Shibulal plans to disrupt EV space. Shibulal, along with wife Kumari, daughter Shruti and son Shreyas, holds nearly 2.2% of Infosys shares, which has a market capitalisation of around $30 billion. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. They’re contemplating how EV loans make sense, the residual value of EVs, if EVs are a sum of parts, what’s the best way to finance them, etc, Startups obviously move the fastest to form some clusters (it's a question of survival) - but their challenge is still to compete/retain identity, Academic Institutes do take a long-term view and many of them (IIT Madras, for example) have incubated good EV startups. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. Infosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, Frankfurt 23 Jun, 2014, 11.36 AM IST Besides assets in India, the family office of Infy’s CEO owns apartments across Seattle and Bellevue in US, and now buying in Berlin and Frankfurt. Shibulal's son Shreyas sold 4 million shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing. Think Tanks could help bring funds from corporates linked to climate change/sustainability – and use it to influence government policy, and understand what ideas can be imported from global experiments. To begin with, it’s because of the economics – lower costs and easier operations. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. Consumers are looking for knowledge/information on EVs more than actual financing (yes, it's the logical next step...but we haven't reached that tipping point yet). Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", an exchange filing by the company showed. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. 1161.0 was reported to the exchange on Dec. 18, 2020. Prior to becoming Chief Executive Officer and Managing Director, Shibu … Insider Trading & SAST disclosures for Infosys Ltd. The total paid up capital of all companies where SAROJINI SHIBULAL DAMODARAN holds active directorship is Rs ₹22,83,30,80,080.00 ( ₹2,283.31 Cr ). The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. The stake sale amounted to Rs 786 crore at Infosys' Friday's market capitalisation of Rs 3,92,962.68 crore. SS: There are several factors that give EVs an upper hand, especially in the last-mile delivery space. We are also progressing well on building an EV formfactor for last-mile delivery. The fund, which has a corpus of Rs 140 crore, and targets startups primarily in the electric vehicle space, was set up using Shreyas’ personal wealth. Shibulal met his wife Kumari, during his university days in SD College. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Shibulal, has drawn up plans to expand the fleet capacity of Lightning Logistics, a pure play electric vehicle last-mile delivery firm, over the next t According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. He previously held 0.66 percent shares in Infosys and post the transaction, his … Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. We are using data to do all of this on the back-end, and electric vehicles lend themselves to this. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. He has been featured on various channels regarding the … Co-founder S.D. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", an exchange filing by the company showed. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. At Micelio, we focus on nurturing the Electric Vehicle (EV) ecosystem by acting as a catalyst for disruptive electric mobility solutions with a clear social impact. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. Shibulal's son Shreyas sold 40 lakh shares, 'representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020', an exchange filing by the company showed. Based on the last closing price, the amount raised works out to over Rs 780 crore. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 25 Jul, 2020, 12.51 PM IST At Lightning Logistics, we will be using data to make the delivery process more efficient – from an internal efficiency perspective, as well as an external client-facing efficiency perspective. His background in Embedded Systems, coupled with a childhood interest in the automotive sector and a passion for clean mobility, made him start this firm. Shibulal. Narayana Murthy and five others, founded Infosys in 1981. Shreyas Shibulal, son of Infosys co-founder S.D. You can change your choices at any time by visiting Your Privacy Controls. Our service, backed by technology, training and our data ensures reliable, along with on-time delivery.

Infosys Co-founder and former Infosys CEO, SD Shibulal and his family, sold 85 lakh of their equity shares in the IT company Infosys Technologies worth over ₹770 crore. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. He previously held 0.66 percent shares in Infosys and post the transaction, his … SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. In the coming financial year, we are also looking to grow our Lightning Logistics fleet, experiment with different categories of vehicles and establish a diversified client portfolio. The latest disclosure under SEBI Prohibition of Insider Trading regulations was made by Srinivas Poosarla in Infosys Ltd. where Disposal of 400 Equity Shares done at an average price of Rs. It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. Using smart data and intelligence analytics, we’re able to deliver service that is cleaner, faster, and reliable. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 percent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing. Daughter Shruti Shibulal is with the hospitality industry, while son Shreyas is pursuing engineering from a US university * WEALTH: Rs 4,331 crore as on December 31, 2013. Shibulal's son Shreyas sold 40 lakh shares, 'representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July … Yahoo is part of Verizon Media. 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Shreyas Shibulal believes in taking “calculated risks”. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. It will also offset the initial cost of the battery. Therefore, Lightning Logistics was started as a ‘one-stop solution for India’s logistical needs’, contributing to its economic growth, job creation and building an efficient system of logistical transport. Shibulal served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Shreyas Shibulal (SS): Micelio was founded with the vision to be an enabler of innovations in clean energy, and to create a sustainable shared mobility ecosystem with a strong EV focus. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … Shibulal oversees his family office, Innovations Investment Management. According to the shareholding pattern of the promoter and promoter group on BSE, SD Sibulal held 17.65 lakh shares or 0.4 per cent stake in Infosys … SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues. Shibulal (Shibu) along with N.R. The couple has two children; daughter Shruti and son Shreyas. SS: We feel the foundations of the infrastructure are just being built. The kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. Moreover, EVs are far less complex and help provide transparency to organisations in terms of reducing hidden costs by using smart tracking features, such as battery optimisation, finding efficient routes, etc, resulting in long term profitability. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing. Different stakeholders are in different stages of maturity. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", an exchange filing by the company showed. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020”, as per exchange filing.

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