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. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. He previously held 0.66 percent shares in Infosys and post the transaction, his … 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. Shreyas Shibulal believes in taking “calculated risks”. 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', an exchange filing by the company showed. 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”, as per exchange filing. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. S.D. 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. He has been featured on various channels regarding the … 1161.0 was reported to the exchange on Dec. 18, 2020. Shreyas Shibulal, son of Infosys Co-founder SD Shibulal, has started Micelio, a fund dedicated towards investing in electric vehicles. 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. Discover More.. 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 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. 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. We are using data to do all of this on the back-end, and electric vehicles lend themselves to this. Shibulal (Shibu) along with N.R. Narayana Murthy and five others, founded Infosys in 1981. 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. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. Different stakeholders are in different stages of maturity. We are also progressing well on building an EV formfactor for last-mile delivery. The stake sale amounted to Rs 786 crore at Infosys' Friday's market capitalisation of Rs 3,92,962.68 crore. 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. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. This places an unprecedented economic burden on India and its ability to improve its growth prospects. 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. Shibulal (Shibu) along with N.R. 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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", an exchange filing by the company showed. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. 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. Shibulal served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. 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. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. Based on the last closing price, the amount raised works out to over Rs 780 crore. 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. 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. In a Financial Times interview in 2012, it was cited that his favourite city is New York. 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. Using smart data and intelligence analytics, we’re able to deliver service that is cleaner, faster, and reliable. SS: There are several factors that give EVs an upper hand, especially in the last-mile delivery space. The promoter group owns less than 20% in Infosys. Yahoo is part of Verizon Media. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. 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. Infosys cofounder S.D. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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 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. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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 exchange filing. It will also offset the initial cost of the battery. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu … He previously held 0.66 percent shares in Infosys and post the transaction, his … 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. 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 ). 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. Insider Trading & SAST disclosures for Infosys Ltd. Both, combined, help the customer. 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. It’s a simple capex versus opex comparison. Details of family members and their value of shares traded Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Shreyas Shibulal, son of Infosys 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 are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. 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 kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. This scenario is even more appealing in an environment where fossil fuel prices are rising and battery technology advancements are driving EV costs lower. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. S.D. You can change your choices at any time by visiting Your Privacy Controls. To begin with, it’s because of the economics – lower costs and easier operations. 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. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this in India. 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. 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. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. 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. Narayana Murthy and five others, founded Infosys in 1981. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. Co-founder. Shibulal met his wife Kumari, during his university days in SD College. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. 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. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio SS: We feel the foundations of the infrastructure are just being built. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. Shibulal. How Shreyas Shibulal plans to disrupt EV space. 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. 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. Client facing efficiency has two sides to it – predictability and reliability. SS: We wanted to get a deeper understanding of the industry needs within the current EV ecosystem, especially in the last-mile delivery space. SAROJINI SHIBULAL DAMODARAN bearing DIN: 00041461 is holding active directorship in 15 Companies. The couple has two children; daughter Shruti and son Shreyas. 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