Belrise Industries Ltd. Company History and Annual Growth Details

Our Company 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, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders in their meeting held on January 7, 2008, and consequently, the name of our 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 our Company was further changed to ‘Belrise Industries Limited’ to rebrand the image of our 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 our 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.

Major Events and Milestones:

1996

- Incorporation of our 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 

- Company reached a turnover of ? 10,000.00 million.

2016

- Achieved a turnover of over ? 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.

- Commenced supply of components to Jaguar Land Rover Automotive PLC (JLR) in Europe.

- 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.

- 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.

- Started supply of Exhaust Systems for a CNG-powered vehicle.

- Entered into a business transfer agreement for transfer of machinery and contracts pertaining to the business to the Company.