About Belrise Industries Limited

Belrise Industries Limited (BIL), previously known as Badve Engineering Ltd, was set up in September 1996 by promoter Mr. Shrikant Badve. The company manufactures auto components, with a diversified portfolio spanning chassis and frame assemblies, sheet metal, exhaust systems (silencers), plastic moulded and painted parts, and assemblies for auto and consumer durables. Its products are organised into four major segments: sheet metal, plastic and polymer, suspension, and e‑mobility (electric powertrain). BIL has built a strong market position in two‑ and three‑wheeler components and is a preferred vendor to top original equipment manufacturers (OEMs). The group operates 17 manufacturing units across 10 cities in India, enabling proximity to customers and efficient supply chain management. It also runs two state‑of‑the‑art facilities in Greater Noida and Bhiwadi. The company serves both domestic and international markets and added three new customers during fiscal 2025. BIL has three subsidiaries on a consolidated basis. Key milestones include its founding in 1996, a name transition from Badve Engineering Ltd; ongoing product premiumisation, and a May 2025 initial public offering (IPO) that strengthened the balance sheet.

Belrise Industries Limited Key Management

• Mr. Shrikant Badve – Promoter
• Manish Kumar – Head of Legal, Company Secretary, and Compliance Officer

Latest Updates on Belrise Industries Limited

• Credit Ratings Upgraded: On September 10, 2025, CRISIL upgraded BIL’s ratings to Crisil AA-/Stable for long‑term facilities and Crisil A1+ for short‑term facilities. The rating on Rs 140 crore Non‑Convertible Debentures (NCDs) was also upgraded, while the rating on Rs 50 crore NCDs was withdrawn following full redemption.
• Strengthened Capital Structure: BIL raised around Rs 2,150 crore via an IPO in May 2025, with proceeds used for debt reduction. CRISIL notes that gearing is estimated to reduce to below 0.5 times for the fiscal year-end 2026, compared with 1.1 times as on March 31, 2025.
• Expansion of Customer Base: The group added three new customers in fiscal 2025, spanning domestic and international markets, reflecting its continued diversification and premiumisation of products.
• Defence Foray: Belrise Defence & Aerospace Pvt Ltd, incorporated in 2025 as a wholly owned subsidiary, is focused on manufacturing components for defence, space, aerospace and allied sectors; operations are yet to commence.
• Manufacturing Footprint: BIL operates 17 plants across 10 Indian cities, with two advanced facilities in Greater Noida and Bhiwadi, enabling efficient logistics and customer proximity.