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Founded in 1988, Belrise Industries Limited specializes in manufacturing automotive components, including sheet metal, polymer parts, and suspension systems. The company serves various vehicle types and operates in India and key international markets.
Belrise Industries acquired Hyva (India)'s tipper body business for INR 54.39 Cr (USD 0.57 Cr). This strategic move expands Belrise's commercial vehicle presence, diversifying its product portfolio and leveraging manufacturing synergies.
Belrise Industries has successfully completed its Qualified Institutions Placement (QIP), allotting 7,72,72,727 new equity shares to eligible institutional buyers at ₹220.00 per share. This strategic capital raise generated ₹1,700 Crore for the company. Following this allotment, the paid-up equity share capital increased from ₹444.94 Crore to ₹483.58 Crore, reflecting a...
Belrise Industries reported strong Q3 KPIs: Revenue from operations grew 13.77% QoQ to ₹2,353.54 Cr. PAT surged to ₹132.98 Cr (up from ₹73.25 Cr), boosting PAT margin to 5.65%. EBITDA margin improved to 12.58%. Manufacturing plants increased to 20 from 17.
BELRISE has approved the incorporation of a new wholly-owned subsidiary. This strategic move aims to expand the company's footprint in the high-growth Defence, Space, and Aerospace sectors. The new entity will specialize in engineering and technology across mechanical, optical, electrical, electronic, and software domains, aligning with BELRISE's core business. The...