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. 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 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. The couple has two children; daughter Shruti and son Shreyas. 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. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. 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. You can change your choices at any time by visiting Your Privacy Controls. Shreyas Shibulal believes in taking “calculated risks”. How Shreyas Shibulal plans to disrupt EV 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. 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. Shreyas Shibulal, son of Infosys co-founder S.D. This places an unprecedented economic burden on India and its ability to improve its growth prospects. SD Shibulal's family sells 0.20% stake in Infosys for Rs 786 crore. 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. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. 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. 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. Take the very name of our company, for example, ‘Micelio’ is a part of the organism that feeds an ecosystem while growing itself. He previously held 0.66 percent shares in Infosys and post the transaction, his … As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. 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 … In January 2019, Shreyas Shibulal, son of Infosys co-founder SD Shibulal, set up Bengaluru-based investment fund ‘Micelio’ for investing in electric vehicles. 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. According to stock exchange data, the Shibulal family held 1.88 per cent in Infosys before the sale. Among the members, son Shreyas sold 40 lakh shares, representing 0.09 per cent of Infosys, on July 22, 23 and 24. The idea was to build things that can have a long-term social impact, and this reflects in Micelio’s culture as well. 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 … Based on the last closing price, the amount raised works out to over Rs 780 crore. Electric vehicles had captured Shreyas’ imagination in his college days, and he even built a car as part of an academic project. Prior to becoming Chief Executive Officer and Managing Director, Shibu served as Chief Operating Officer from 2007 - 2011. 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. He has been featured on various channels regarding the … 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. SAROJINI SHIBULAL DAMODARAN bearing DIN: 00041461 is holding active directorship in 15 Companies. 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. 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. SS: We feel the foundations of the infrastructure are just being built. Yahoo is part of Verizon Media. 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. 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 is the Founder Director of Micelio Mobility Private Limited. Using smart data and intelligence analytics, we’re able to deliver service that is cleaner, faster, and reliable. Insider Trading & SAST disclosures for Infosys Ltd. 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 a Financial Times interview in 2012, it was cited that his favourite city is New York. SD Shibulal, along with NR Narayana Murthy and five others, had founded Infosys in 1981. S.D. Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company on July 22-24, according to regulatory filings. Infosys cofounder 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", an exchange filing by the company showed. 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. Different stakeholders are in different stages of maturity. Shibulal. Find out more about how we use your information in our Privacy Policy and Cookie Policy. S.D. 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. Shibulal (Shibu) along with N.R. 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. Our service, backed by technology, training and our data ensures reliable, along with on-time delivery. Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile 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. 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 ). 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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