Belrise Industries Limited was incorporated as ‘Badve Engineering Private Limited’, as a private limited company under the provisions of Companies Act, 1956, vide certificate of incorporation dated September 25, 1996 issued by the Additional Registrar of Companies, Maharashtra at Mumbai. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its Shareholders in their meeting held on January 7, 2008, and consequently, the name of the company was changed to ‘Badve Engineering Limited’ and a fresh certificate of incorporation dated February 18, 2008, was issued by the Deputy Registrar of Companies, Maharashtra at Mumbai. The name of the company was further changed to ‘Belrise Industries Limited’ to rebrand the image of the company with changing times and enhance its presence in aftermarket and to adapt latest market trends, pursuant to a Board resolution dated August 12, 2022 and a special resolution passed by its Shareholders at their extra-ordinary general meeting on August 23, 2022, and a fresh certificate of incorporation dated August 29, 2022 was issued by the RoC, Mumbai consequent upon change in name of the Company.
Belrise Industries 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. Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems, among others. Its products are largely agnostic to vehicle powertrain types, reflecting its ability in catering to both electric vehicles and internal combustion engine vehicles, thus positioning it favorably to adapt to the growing electric vehicle market.
Over the course of decades of operations, it has expanded its operational capabilities to include precision sheet metal pressing and fabrication, the manufacturing of polymer components, the design and production of suspension systems, along with coating and painting services. Consequently, it has consistently increased the value and complexity of the components it supplies per vehicle. This strategic expansion is not only limited to its home state of Maharashtra but also extended to other Indian states where prospective customers establish their manufacturing facilities, with its facilities designed for future scalability. It has also implemented a ‘just-in-time’ inventory model that optimizes its inventory levels and enhances its ability to meet its OEM customers’ needs with agility.
Its automotive product portfolio comprises many distinct products across chassis systems, exhaust systems, body-in-white parts, polymer components, battery containers, suspensions and steering columns, among others. Its product portfolio is diverse and designed to meet the varying requirements of OEMs across multiple vehicle types, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles.
Business area of the company
The company 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.
Products of the company
Automotive - Two Wheelers
- Sheet metal-based Chassis, side and main stand, brake pedal/gear clutch lever, swing arm.
- Polymer based- Visor front, fenders, covers, cowls.
- Suspension systems- Rear suspension, front forks, steering column, helical springs.
- Braking systems- Braking assemblies for drum and disc brakes.
Automotive - Four Wheelers
- Sheet metal-based Chassis.
- Polymer based- Centre grill, fog lap cover, battery container, lids.
- Suspension systems- Rear suspension for sports utility vehicles, front suspension for light commercial vehicle.
Non-Automotive
- Polymer refrigerator parts- Fruit and vegetable tray, handles, base.
- Renewable parts- Solar panel components.
History and milestones
- 1996: Incorporation of the Company as ‘Badve Engineering Private Limited’.
- 1997: Setup a manufacturing plant in Aurangabad.
- 2001: Setup an additional manufacturing plant for a large two-wheeler manufacturing OEM.
- 2004: Setup a manufacturing plant in Ranjangaon near Pune.
- 2007: Setup a manufacturing plant in Uttarakhand for a large two-wheeler manufacturing OEM.
- 2008: Company converted into ‘Public Limited Company’.
- 2010: Ventured into four-wheeler commercial vehicles space for supply of chassis frames (CV).
- 2011: Ventured into four-wheeler commercial vehicles parts supply space for Ashok Leyland Limited.
- 2012: Started supply of chassis to Honda Motors & Scooters India Private Limited and components to VE Commercial Vehicles Limited.
- 2012: Company reached a turnover of Rs 10,000.00 million.
- 2016: Achieved a turnover of over Rs 25,000.00 million
- 2016: Ventured in new product line of suspension systems with acquisition of the suspension division from an international OEM near Pune.
- 2017: Setup a manufacturing plant facility for supply of frames and silencer parts, in Gujarat.
- 2017: Commenced supply of components to Jaguar Land Rover Automotive PLC (JLR) in Europe.
- 2017: Established a wholly owned subsidiary ‘Badve Engineering Trading FZE’ in Ras Al Khaimah Free Zone, UAE.
- 2022: Ventured into the EV space with supply of suspension system to EV OEMs.
- 2022: Company was rebranded as ‘Belrise Industries Limited’.
- 2023 Obtained the rights to utilize the technology to manufacture hub motors pursuant to a technology transfer agreement with a prominent Chinese motor manufacturer.
- 2024: Ventured into renewable energy products and received an LOI from a major North American solar power company, Nextracker LLC.
- 2024: Started supply of Exhaust Systems for a CNG-powered vehicle.
- 2024: Entered into a business transfer agreement for transfer of machinery and contracts pertaining to the business to the Company.
