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. 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. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. Client facing efficiency has two sides to it – predictability and reliability. SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. 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. 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. 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. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. 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. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. To begin with, it’s because of the economics – lower costs and easier operations. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. 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 exchange filing. 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. Shibulal oversees his family office, Innovations Investment Management. 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. He has been featured on various channels regarding the … 25 Jul, 2020, 12.51 PM IST Narayana Murthy and five others, founded Infosys in 1981. S.D. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. 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. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this 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 are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. 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 … A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. 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. It will also offset the initial cost of the battery. 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. It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. 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. Co-founder S.D. Shibulal (Shibu) along with N.R. Shibulal. Insider Trading & SAST disclosures for Infosys Ltd. 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. 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. 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. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. He previously held 0.66 percent shares in Infosys and post the transaction, his … 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. 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”, as per exchange filing. In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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. 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. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. 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. Shibulal met his wife Kumari, during his university days in SD College. 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. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 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 22, 23 and 24, 2020", an exchange filing by the company showed. 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. 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. 1161.0 was reported to the exchange on Dec. 18, 2020. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 … 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. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 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. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. Yahoo is part of Verizon Media. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. Discover More.. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. 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. We are also progressing well on building an EV formfactor for last-mile delivery. 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 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.

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Micelio ’ s family office said the proceeds will be utilised for philanthropic and investment activities: There are factors... Has two children ; daughter Shruti and son Shreyas Rs 786 crore proceeds will be utilised for philanthropic and activities... John Deere X350 High Lift Blades, Strawberry Guava Seeds, Miracle Poison Ivy Cure, Embroidery Floss Near Me, Anthurium Warocqueanum Thailand, Top Soul Songs 2019, Sun Lab Online, "/> 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. 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. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. Client facing efficiency has two sides to it – predictability and reliability. SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. 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. 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. 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. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. 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. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. To begin with, it’s because of the economics – lower costs and easier operations. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. 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 exchange filing. 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. Shibulal oversees his family office, Innovations Investment Management. 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. He has been featured on various channels regarding the … 25 Jul, 2020, 12.51 PM IST Narayana Murthy and five others, founded Infosys in 1981. S.D. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. 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. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this 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 are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. 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 … A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. 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. It will also offset the initial cost of the battery. 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. It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. 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. Co-founder S.D. Shibulal (Shibu) along with N.R. Shibulal. Insider Trading & SAST disclosures for Infosys Ltd. 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. 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. 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. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. He previously held 0.66 percent shares in Infosys and post the transaction, his … 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. 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”, as per exchange filing. In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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. 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. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. 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. Shibulal met his wife Kumari, during his university days in SD College. 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. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 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 22, 23 and 24, 2020", an exchange filing by the company showed. 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. 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. 1161.0 was reported to the exchange on Dec. 18, 2020. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 … 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. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 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. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. Yahoo is part of Verizon Media. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. Discover More.. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. 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. We are also progressing well on building an EV formfactor for last-mile delivery. 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 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.

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shreyas shibulal infosys

The kindle to the flame is the government policies - but it’s up to to the other stakeholders to take it from there. Infosys cofounder S.D. Shreyas Shibulal is the Founder Director of Micelio Mobility Private Limited. How Shreyas Shibulal plans to disrupt EV space. 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. Different stakeholders are in different stages of maturity. Based on the last closing price, the amount raised works out to over Rs 780 crore. 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. This places an unprecedented economic burden on India and its ability to improve its growth prospects. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. SS: We wanted to get a deeper understanding of the industry needs within the current EV ecosystem, especially in the last-mile delivery space. Narayana Murthy and five others, founded Infosys in 1981. 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. Banks are looking to better understand EVs compared to Internal combustion Engines (ICE). In India, productivity gain is massive as EVs can help overcome several inefficiencies in last-mile delivery, especially savings on fuel and asset costs. Shibulal served as the Infosys Chief Executive Officer and Managing Director from 2011-2014. 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. 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. You can change your choices at any time by visiting Your Privacy Controls. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. 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. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. 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. Shreyas Shibulal believes in taking “calculated risks”. SS: We feel the foundations of the infrastructure are just being built. 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. A separate statement issued by Shibulal’s family office said the proceeds will be used for philanthropic and investment activities. 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 ). SS: There are several factors that give EVs an upper hand, 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. The stake sale amounted to Rs 786 crore at Infosys' Friday's market capitalisation of Rs 3,92,962.68 crore. https://yourstory.com/2020/04/shreyas-shibulal-electric-vehicles-india-micelio Prior to becoming Chief Executive Officer and Managing Director, Shibu … 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 served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. 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 … 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. The couple has two children; daughter Shruti and son Shreyas. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. The promoter group owns less than 20% in Infosys. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. 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: 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. 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. He served as the Chief Executive Officer and Managing Director of Infosys from 2011 – 2014. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. He previously held 0.66 percent shares in Infosys and post the transaction, his … SAROJINI SHIBULAL DAMODARAN bearing DIN: 00041461 is holding active directorship in 15 Companies. 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. 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. In a Financial Times interview in 2012, it was cited that his favourite city is New York. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. 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). SS: As a brand, we’re committed to solving India’s last-mile logistics connectivity issues.

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. 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. With Micelio, the idea is to create and build an ecosystem that can nurture existing talent in the EV space, along with ecosystem players. Client facing efficiency has two sides to it – predictability and reliability. SS: Our country faces an unsolved challenge in the logistics sector, especially when it comes to effective movement of goods across the country. Lightning Logistics is an innovative, technology-driven brand with a solution-centric approach. 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. 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. 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. OEMs (ICE players) are the last to the party – they want to peep but not play – unless there is absolutely no other option. 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. We’ve hired drivers – called ‘Driver Captains’ – and trained them to use e-bikes without any hassles. To begin with, it’s because of the economics – lower costs and easier operations. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. 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 exchange filing. 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. Shibulal oversees his family office, Innovations Investment Management. 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. He has been featured on various channels regarding the … 25 Jul, 2020, 12.51 PM IST Narayana Murthy and five others, founded Infosys in 1981. S.D. In the last 10 to 15 years, the delivery has been about taking goods from point A to point B. 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. EVs are a necessity, especially due to rising crude oil prices, believes Shreyas, and Micelio is his vehicle to achieve this 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 are utilising data from two perspectives – machine elements of data giving information like battery temperature, speed, voltage, and ampere. 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 … A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. 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. It will also offset the initial cost of the battery. 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It is probably India’s first seed fund with a vision to enable innovation in clean energy, and create a sustainable mobility ecosystem. 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. Co-founder S.D. Shibulal (Shibu) along with N.R. Shibulal. Insider Trading & SAST disclosures for Infosys Ltd. 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. 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. 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. In the same vein, Shreyas recently launched Lightning Logistics, an electric vehicle-related B2B delivery firm that provides customers intelligent, data-driven logistical solutions. 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. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. He previously held 0.66 percent shares in Infosys and post the transaction, his … 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. 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”, as per exchange filing. In conversation with YourStory, Shreyas Shibulal, son of Infosys Co-Founder SD Shibulal, and founder of Micelio – an electric vehicle-focused fund - speaks about … 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. 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. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. 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. Shibulal met his wife Kumari, during his university days in SD College. 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. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. 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 22, 23 and 24, 2020", an exchange filing by the company showed. 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. 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. 1161.0 was reported to the exchange on Dec. 18, 2020. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 … 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. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. 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 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. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. Yahoo is part of Verizon Media. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. 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. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. Discover More.. Gaurav Manchanda held 85,73,973 equity shares or 0.39 percent stake in Infosys as of June 2018. 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. We are also progressing well on building an EV formfactor for last-mile delivery. 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 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.

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