Belrise Industries Ltd Company Summary

Belrise Industries Ltd Summary

Belrise Industries Limited was incorporated as Badve Engineering Private Limited, as a Private Limited Company dated September 25, 1996 issued by the Additional Registrar of Companies, Maharashtra at Mumbai. Thereafter, the status of the Company was converted into a Public Limited and the name was changed to Badve Engineering Limited dated February 18, 2008, at Mumbai. The Company name again was changed to Belrise Industries Limited dated August 29, 2022 vide Incorporation Certificate issued by the RoC, Mumbai. Belrise Industries Limited is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. It specialize in precision sheet metal pressing and fabrication (i.e., the process of joining sheet metal components to create unified structures for assembling vehicle subsystems and bodies). The product includes metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, electric vehicle powertrain components and solar panel components.In 1997, the Company established a production plant in Aurangabad. In 2001, it set up another manufacturing plant for a large two-wheeler manufacturing OEM; set up production plant in Ranjangaon near Pune in 2004; established plant in Uttarakhand for two-wheeler manufacturing OEM in 2007. The Company later, ventured into four-wheeler commercial vehicles space for supply of chassis frames (CV) in 2010; ventured into four-wheeler commercial vehicles parts supply space for Ashok Leyland Limited in 2011; started supplying chassis to Honda Motors & Scooters India Private Limited and components to VE Commercial Vehicles Limited in 2012; ventured into a new product line of suspension systems with acquisition of the suspension division from an international OEM near Pune in 2016 .In 2017, Company established a production plant facility for supplying frames and silencer parts, in Gujarat. It commenced supply of components to Jaguar Land Rover Automotive PLC (JLR) in Europe. It established a wholly owned subsidiary in the name of Badve Engineering Trading FZE in UAE in 2017-18. The Company ventured into the EV space with supply of suspension system in 2022. It ventured into renewable energy products and has started supplying Exhaust Systems for a CNG-powered vehicle in 2024.The Company is planning to come up with an Initial Public Offer by raising funds aggregating upto Rs 2150 Crore Equity Shares of face value of Rs 5 each through Fresh Issue.