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. S. D. Shibulal (born 1 March 1955, in Alappuzha, India), better known as Shibulal, is an Indian business executive.He was the Chief Executive Officer and Managing Director of Infosys, and one of its seven founding members. 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 … 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. 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. 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. The kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. 25 Jul, 2020, 12.51 PM IST 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 is where the idea of an intelligent EV fleet that would run pilots to understand last-mile connectivity, germinated, and eventually took shape in the form of Lightning Logistics. 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 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. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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. It’s a simple capex versus opex comparison. Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). 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 … 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. 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 served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. 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. Our service, backed by technology, training and our data ensures reliable, along with on-time delivery. Shibulal oversees his family office, Innovations Investment Management. The couple has two children; daughter Shruti and son Shreyas. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Different stakeholders are in different stages of maturity.

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. 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. Narayana Murthy and five others, founded Infosys in 1981. 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. 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. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. This places an unprecedented economic burden on India and its ability to improve its growth prospects. 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. Discover More.. Shibulal (Shibu) along with N.R. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 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. SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues. 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. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu … 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. S.D. 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. 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 percent shares in Infosys and post the transaction, his … 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. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. Shreyas Shibulal, son of Infosys Co-founder SD Shibulal, has started Micelio, a fund dedicated towards investing in electric vehicles. 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 ). 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. You can change your choices at any time by visiting Your Privacy Controls. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio Shreyas Shibulal’s Micelio all set to fund EV startups with a corpus of Rs 140 Cr, Ola, Mahindra, Bounce: meet the companies lighting up the road for electric vehicles to go the distance, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, Inspired by Coco Chanel, this mompreneur went on to build a fashion jewellery brand, Startup Bharat: This fashion ecommerce startup curates undiscovered, Made in India brands, [The Turning Point] How an ad in a newspaper fulfilled this homemaker’s dream of becoming an entrepreneur, From Ola, Zomato to Nykaa, Flipkart, LIC, here are some of the biggest IPOs expected in 2021, ‘Customers are the greatest product managers’ – 35 quotes of the week from Indian startup journeys, [YS Learn] Why this senior Ola executive believes it is important to foster cultural entrepreneurship, Edtech startup Quantel helps you get personal career advice from industry experts, Chennai-based pet food startup Canine India is revolutionising the sector with meat-based offerings, Pivot and Persist: After making 350+ brands reach 25K users, GetNatty is now retelling its story with video first shopping app, Government has NITI to help think and plan policies and adoption of EVs. 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. 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. SS: We feel the foundations of the infrastructure are just being built. 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 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. Shreyas Shibulal, son of Infosys co-founder S.D. Shreyas Shibulal believes in taking “calculated risks”. 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. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. 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. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this in India. 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. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. 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 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. He has been featured on various channels regarding the … 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. 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. Co-founder S.D. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. 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. Co-founder. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. Shibulal (Shibu) along with N.R. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 … Client facing efficiency has two sides to it – predictability and reliability. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. 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. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. He previously held 0.66 percent shares in Infosys and post the transaction, his … Both, combined, help the customer. 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. Details of family members and their value of shares traded 1161.0 was reported to the exchange on Dec. 18, 2020. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. 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. It will also offset the initial cost of the battery. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps.

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