Promoted by D V Manohar, D V Satyakumar and their associates, Shri Shakti LPG (SSLPG) was incorporated in Jul.'93. SSLPG implemented a project of an integrated liquid petroleum gas (LPG) plant in Kakinada, Andhra Pradesh. The company started operations within one year of incorporation by importing LPG. Commercial operations at the Kakinada bottling plant commenced in Jan.'95. The company came out with a public issue in Sep.'95 to meet the project cost.
SSLPG took over Asia LPG Pvt Ltd in Bangalore, Karnataka, which has a bottling plant in Bangalore. Subsequently, Asia LPG became a subsidiary of the company. It has a joint venture with Kosan Teknova, Denmark, for the manufacture of valves and regulators for the exclusive use of Shakti's gas customers and for exports; with AMOCO, US, for setting up a LPG terminal and with Daewoo Corporation, Korea, for marketing LPG as an automobile fuel.
During 1997-98, the bulk storage facalities at the main terminal at Kakinada are further augmented by the commissioning of 3 x 500 MT LPG Spheres taking total storage capacity to about 3000 MT.
The Company has provide effectively service the existing clients over 4,00,000 customers in 7 states and also meet its growth requirements for the next three years. Company has crossed 4,00,000 connection mark achieving & aslo adding to the customer based which is the largest in the Indian LPG Private Sector. Company consolidates its position as the undisputed leaders in the LPG Private sector in India.
The Auto Conversion Kit developed under ARAI was launched Bangalore and Hyderabad in November 2002,It is also developing a kit for 2 Wheelerand the same is under testing at ARAI. It has also tied up with various Government oil companies for marketing the Shakti Gas Auto Kits.