In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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. S.D. 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 ). It will also offset the initial cost of the battery. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. The promoter group owns less than 20% in Infosys. 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. Shreyas Shibulal believes in taking “calculated risks”. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. 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. Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). 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. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. Discover More.. SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues. 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 exchange filing. Shibulal met his wife Kumari, during his university days in SD College. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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. 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. SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. 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. Using smart data and intelligence analytics, we’re able to deliver service that is cleaner, faster, and reliable. 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 served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. 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. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. SS: There are several factors that give EVs an upper hand, especially in the last-mile delivery space. 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. Narayana Murthy and five others, founded Infosys in 1981. 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 previously held 0.66 percent shares in Infosys and post the transaction, his … 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'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 … You can change your choices at any time by visiting Your Privacy Controls. 1161.0 was reported to the exchange on Dec. 18, 2020. 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. Client facing efficiency has two sides to it – predictability and reliability. 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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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 exchange filing. 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. 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. S.D. The kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. Find out more about how we use your information in our Privacy Policy and Cookie Policy. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. 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. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. SS: We feel the foundations of the infrastructure are just being built. Narayana Murthy and five others, founded Infosys in 1981. Insider Trading & SAST disclosures for Infosys Ltd. 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", an exchange filing by the company showed. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. 25 Jul, 2020, 12.51 PM IST In a Financial Times interview in 2012, it was cited that his favourite city is New York. 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. 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. 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. 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. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. This scenario is even more appealing in an environment where fossil fuel prices are rising and battery technology advancements are driving EV costs lower. The stake sale amounted to Rs 786 crore at Infosys' Friday's market capitalisation of Rs 3,92,962.68 crore. 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. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. SS: We wanted to get a deeper understanding of the industry needs within the current EV ecosystem, especially in the last-mile delivery space. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this in India. In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 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 … One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. Details of family members and their value of shares traded 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. 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. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. We are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. 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. Shreyas Shibulal, son of Infosys Co-founder SD Shibulal, has started Micelio, a fund dedicated towards investing in electric vehicles. 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.

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 (Shibu) along with N.R. The couple has two children; daughter Shruti and son Shreyas. 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. 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. 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. Both, combined, help the customer. 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. SAROJINI SHIBULAL DAMODARAN bearing DIN: 00041461 is holding active directorship in 15 Companies. 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. 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. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu … Our service, backed by technology, training and our data ensures reliable, along with on-time delivery. Shreyas Shibulal, son of Infosys co-founder S.D. He has been featured on various channels regarding the … How Shreyas Shibulal plans to disrupt EV space. Different stakeholders are in different stages of maturity. 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. To begin with, it’s because of the economics – lower costs and easier operations. Shibulal oversees his family office, Innovations Investment Management. 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 We are also progressing well on building an EV formfactor for last-mile delivery. Yahoo is part of Verizon Media. 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 conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. This places an unprecedented economic burden on India and its ability to improve its growth prospects. 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. 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 …

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