Latteys Industries is a pump manufacturer that has turned energy efficiency into its calling card - it makes more than 260 models of submersible pump that carry a 5-star rating from India’s Bureau of Energy Efficiency, a count it claims is the highest for any Indian company. Founded in 2004 as a proprietorship in Chhatraal, Gujarat, and now operating from a single integrated factory in Ahmedabad’s GIDC Naroda estate, the company graduated from the NSE’s SME platform to the Main Board in May 2023. Everything it does flows from a simple recurring logic: design pumps that consume less electricity in a country where power is expensive and unreliable, then sell them through a wide dealer network to farmers, households and industries that care deeply about running costs. # Business segments A single engine - energy-efficient water pumps and motors - sold into three distinct customer worlds (agriculture, homes, and industry) and increasingly powered by the sun rather than the grid. ## 1. Submersible and surface pumps: the core engine **The company makes over 1,200 pump models spanning tiny domestic boosters to 150 HP industrial submersibles, with energy savings of more than 40% over conventional systems as the unifying selling point.** - **A pump for every water job** - the catalogue runs from V3 submersible pumps for narrow borewells through V4, V6 and V8 stainless steel variants up to V9 models, with head (lifting height) from 3 to 500 metres and discharge from 10 to 4,000 litres per minute, so a farmer with a deep borewell and a household with a shallow well both find a fit. - **Energy savings as the pitch** - the company builds stainless steel pumps and motors that it says cut energy consumption by over 40% compared to conventional pumping systems, which matters because a pump that runs on a farm or in an apartment block for hours every day turns a lower wattage rating into a visible electricity bill. - **Certified to prove it** - more than 260 models carry a BEE 5-star rating, and the range also holds BIS (ISI), UL, CE and ISO 9001:2015 certifications, giving dealers and government tender committees a ready checklist of quality marks. - **Motors and panels complete the system** - the company also manufactures electric induction motors (0.5 HP and up, single and three-phase) and both analogue and digital control panels, so it can supply a matched pump-motor-controller set rather than leaving the installer to pair components from different suppliers. - **Built for sewage too** - the range extends to pumps that drain flooded basements, car parks and cesspools, and manage sewage in water treatment plants, opening a municipal and construction-site channel beyond the agricultural and domestic mainstream. ## 2. Solar pumping systems: the green growth bet **The company has hitched its pump engineering to India’s solar irrigation push, supplying systems from 0.5 HP to 100 HP and winning a 1,000-unit order under the PM-KUSUM scheme in Rajasthan.** - **Government tenders open the door** - the company is empanelled for solar submersible pump installations in six states (Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Jharkhand and Uttar Pradesh) and registered as a submersible pump manufacturer in eight, which makes it eligible to bid on state and central schemes that are the main channel for solar pump adoption in rural India. - **A 1,000-pump order proves the model** - under the PM-KUSUM scheme’s Component-B, the company won a contract from the Rajasthan Horticulture Department to design, supply, install and commission 1,000 solar water pumping systems with a five-year comprehensive warranty, covering 3 HP, 5 HP and 7.5 HP capacities in both surface and submersible configurations. - **AC and DC, Indian and export** - the solar range works with both AC and DC motors and includes stainless steel pump sets for international buyers, so the same engineering base serves a farmer in Uttar Pradesh running a DC pump off a panel and an export customer wanting an AC solar system. - **The factory walks the talk** - the company has installed its own solar power plant and invested heavily in other renewable energy applications and equipment at the Ahmedabad facility, with total investments of approximately ₹18 lakhs, which gives its sales pitch the credibility of a user rather than just a seller. # Manufacturing and distribution: how the engine runs **One factory, one in-house R&D team, and a network of more than 1,200 dealers turn designs into installed pumps across India and in export markets.** - **A single integrated plant** - the GIDC Naroda facility in Ahmedabad spans over 150,000 square feet of built-up area and holds CNC machines, dynamic balancing units and energy-efficient testing stations, with annual production capacity of roughly 180,000 pumps as of FY25, up from about 120,000 in earlier years. - **In-house R&D, high variety cost** - the company runs its own R&D division focused on pump efficiency and sustainability, but it also flags that maintaining a very wide product range makes the business highly stock-intensive and that its supply chain is technologically backward, so innovation and inventory pressure sit side by side. - **Dealers and branches reach the customer** - the domestic network comprises roughly 1,200 dealers and 1,200 retailers, supported by branch offices in cities including Delhi, Indore, Ranchi, Patna, Pune, Kanpur, Jaipur and Odisha, with a strong presence across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Uttar Pradesh, Assam and Odisha. - **Exports are a material slice** - about 30% of revenue comes from overseas markets, with clients across Asia and the UAE, and the company sees room to grow in Africa, Southeast Asia, the Middle East and South Asia, especially for solar pumps and borewell systems. # Group structure and partners **A single operating company with one small trading subsidiary and a recent minority stake in a solar installer - the group remains essentially a pure-play pump business.** - **One subsidiary, modest activity** - Latteys Electrical Private Limited, incorporated in March 2023 with the company holding 51%, was originally formed to make EV charging stations and LED lights but had not commenced business in its first year; by FY25 it is described as trading in electrical goods. - **A toehold in solar installation** - in February 2026 the company acquired a 12.57% stake in Amigo Green Energies Private Limited, a firm that installs non-electric solar energy collectors and heating systems, for a cash consideration of about ₹23 lakhs, described as a strategic investment for long-term growth. - **Leadership from the shop floor** - the board is led by Chairman and Managing Director Kapoor Chand Garg (roughly 28 years in the pump industry) and Whole Time Director Pawan Garg (roughly 24 years heading production), meaning manufacturing experience sits at the top of the company.