Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). Narayana Murthy and five others, founded Infosys in 1981. 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'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. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Insider Trading & SAST disclosures for Infosys Ltd. Prior to becoming Chief Executive Officer and Managing Director, Shibu … One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. 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. Shibulal met his wife Kumari, during his university days in SD College. While the battery may cost more when you first buy it, over the course of three years (let’s say), it’ll cost you less in electricity costs to charge the vehicle than it would to run the same number of kilometres on petrol or diesel. Different stakeholders are in different stages of maturity. SS: There are several factors that give EVs an upper hand, especially in the last-mile delivery space. SS: From the fund perspective, we will continue to look at fostering different parts of the EV ecosystem by investing in a diverse group of startups developing EV technologies. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. Bengaluru: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings.. 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”, an exchange filing by the company showed. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio 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. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. He previously held 0.66 percent shares in Infosys and post the transaction, his … In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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. 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. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. 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. 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. S.D. SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues. Shibulal oversees his family office, Innovations Investment Management. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. 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. 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 … 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 … 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. Rising costs of fossil fuels significantly increase the cost of operations with a fossil fuel-driven fleet, whereas the more you use an EV fleet, the more you save, thereby reducing dependence on crude oil. Client facing efficiency has two sides to it – predictability and reliability. 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. 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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. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale.

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. 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. 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. In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. It’s a simple capex versus opex comparison. 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. SS: We wanted to get a deeper understanding of the industry needs within the current EV ecosystem, especially in the last-mile delivery space. This scenario is even more appealing in an environment where fossil fuel prices are rising and battery technology advancements are driving EV costs lower. SAROJINI SHIBULAL DAMODARAN bearing DIN: 00041461 is holding active directorship in 15 Companies. In a Financial Times interview in 2012, it was cited that his favourite city is New York. Shreyas Shibulal, son of Infosys Co-founder SD Shibulal, has started Micelio, a fund dedicated towards investing in electric vehicles. 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. The stake sale amounted to Rs 786 crore at Infosys' Friday's market capitalisation of Rs 3,92,962.68 crore. 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. 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. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. 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 … Details of family members and their value of shares traded Shibulal (Shibu) along with N.R. Shreyas Shibulal, son of Infosys co-founder S.D. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. To begin with, it’s because of the economics – lower costs and easier operations. 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. 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. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. Co-founder S.D. In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. A separate statement issued by Shibulal's family office said the proceeds will be utilised 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. 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 Our service, backed by technology, training and our data ensures reliable, along with on-time delivery. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. Shibulal. Then there is a people dynamics of data, for eg: when has a driver checked in, where is he presently, how much cash is the driver carrying, which bike should a rider use, etc. The promoter group owns less than 20% in Infosys. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. This is something, this second-generation entrepreneur confesses that he has learnt from his father S D Shibulal, co-founder, former chief executive officer and managing director of IT services major Infosys. 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. Shibulal served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. Kumari Shibulal, his wife, held another 0.25%, son Shreyas Shibulal 0.66% and daughter Shruti Shibulal owned 0.06% stake at the end of June quarter. He stepped down from the post of CEO and MD on 31 July 2014 and was succeeded by the first non-founder CEO of Infosys Dr. Vishal Sikka. 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. 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. We are using data to do all of this on the back-end, and electric vehicles lend themselves to this. You can change your choices at any time by visiting Your Privacy Controls. Co-founder. 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. 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. This places an unprecedented economic burden on India and its ability to improve its growth prospects. 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. 1161.0 was reported to the exchange on Dec. 18, 2020. 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). The couple has two children; daughter Shruti and son Shreyas. He previously held 0.66 percent shares in Infosys and post the transaction, his … Yahoo is part of Verizon Media. 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. Shibulal (Shibu) along with N.R. Both, combined, help the customer. The kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. 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. Discover More.. Find out more about how we use your information in our Privacy Policy and Cookie Policy. SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. 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. Narayana Murthy and five others, founded Infosys in 1981. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. 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