SHAKTI is an open-source initiative by the Reconfigurable Intelligent Systems Engineering (RISE) group at Indian Institute of Technology, Madras to develop the first indigenous Indian industrial-grade processor. The aim of SHAKTI initiative includes building an opensource production-grade processor, complete System on Chips (SoCs), development boards and SHAKTI based software platform. The primary focus of the team is architecture research to develop SoCs, which is competitive with commercial offerings in the market concerning area, power and performance. All the source codes for SHAKTI are open-sourced under the Modified BSD License. The project was funded by Ministry of Electronics and Information Technology (MeITY), Government of India.