Question 1: What is the overview of the Company?

1. Core Business Model:
Belrise Industries operates as a Tier-1 supplier in the automotive components industry. It manufactures and delivers critical components directly to major vehicle manufacturers (OEMs), integrating deeply into their production lines. The company’s strength lies in its ability to provide a wide range of precision-engineered, safety-critical, and performance-oriented parts.

2. Diversified Product Portfolio:
The company offers over 1,000 distinct products across key component categories such as:

• Metal Systems: Chassis frames, swing arms, step frames, and other structural metal parts.
• Polymer Components: High-strength, lightweight plastic parts used in body and interior applications.
• Suspension Systems: Parts that impact ride comfort and vehicle handling.
• Exhaust Systems: Components vital for emission control and noise reduction.
• Mirror Systems and Body-in-White Components: Supporting safety and structural integrity.

This diversification allows Belrise to serve various vehicle types — two-wheelers, three-wheelers, passenger cars, commercial vehicles, and agricultural equipment.

3. Manufacturing Footprint & Technology:
With 17 strategically located manufacturing plants across India, Belrise ensures just-in-time delivery to OEMs. Its facilities emphasize automation, lean manufacturing, and integrated quality systems, enabling the company to deliver high volumes while maintaining consistency and precision.

4. OEM Integration & Client Relationships:
Belrise functions as a strategic partner to over 25 prominent OEMs, often co-developing parts tailored to their design and engineering needs. The depth of these partnerships, built over decades, is a key competitive advantage and drives long-term business stability.

5. Focus on Safety-Critical & High-Performance Components:
A defining aspect of Belrise’s business is its focus on components that directly impact vehicle safety, emissions, and durability. This focus places the company in a technically intensive niche, where quality, compliance, and reliability are non-negotiable.

6. Adaptability to Market Trends:
Belrise has positioned itself to cater to both ICE (Internal Combustion Engine) and electric vehicle platforms. The company’s investment in technology and innovation ensures its offerings remain relevant amid the global shift toward electric mobility and stricter regulatory standards.

Product Portfolio:

Customer Base: The table below sets out the split of their OEMs customer base (including Bajaj Auto Ltd., Honda Motorcycle & Scooter India Pvt. Ltd, Hero Motorcycle Limited, Jaguar Land Rover Ltd and Royal Enfiled Motors Ltd, among others) Across vehicle types as of December 31, 2024:

Business Verticles:

Revenue from Exports:

Question 2: Who are the Promoter of the Company?

1. Shrikant Shankar Badve – Chairman and Managing Director
As the founding visionary of Belrise Industries, Shrikant Shankar Badve has played a pivotal role in transforming the company from a small component supplier into a leading Tier-1 automotive parts manufacturer. With over three decades of hands-on industry experience, he provides strategic leadership, drives innovation, and oversees overall business operations. His deep understanding of the automotive ecosystem and close relationships with OEMs have been instrumental in scaling the company nationally.

2. Supriya Shrikant Badve – Director
Supriya Badve contributes to the governance and strategic decision-making at the board level. She plays an active role in overseeing corporate affairs and ensuring alignment with the company’s long-term values and vision. Her focus includes organizational culture, compliance, and internal governance.

3. Sumedh Shrikant Badve – Director
As a next-generation leader, Sumedh Badve brings modern business acumen and a forward-looking approach to the table. He is closely involved in operations, product innovation, and technology adoption. His leadership supports the company’s efforts in expanding its capabilities to meet the evolving needs of electric mobility and global quality standards.

Question 3: How company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is offering 23.88 Cr shares, priced at INR 85-90 per share, aggregating to total of INR 2150 cr, with a lot size of 166 shares. For the Purpose of:

Repayment of borrowings – INR 1618.1 Cr

General Corporate Purposes – INR 531.9 Cr.

Question 5: Valuation of the company and comparison with other companies

Question 6. Summary of Outstanding Litigations

Criminal and Tax Proceedings against the Company:

Litigation involving Promoters:

Mr. Shrikant Shankar Badve, the promoter, received two summons from the Directorate of enforcement in 2022 and 2024 under PMLA Act, 2002, related to Jay Polychem (India) Limited, a supplier to the company. He was called to assist the investigation regarding business transactions but is neither a witness nor an accused. He has provided detailed replies and documents, and the matter is onging.

Strengths of Belrise Industries

1. Diversified Product Portfolio
Belrise manufactures over 1,000 products, including metal chassis systems, suspension, exhaust, and polymer components—serving both ICE and EV platforms.

2. Strong OEM Relationships
The company supplies directly to 29 major Original Equipment Manufacturers (OEMs), including top names like Bajaj Auto, Tata Motors, and Hero MotoCorp, ensuring consistent order flow and deep client integration.

3. Wide Manufacturing Footprint
With 17 manufacturing plants across India, Belrise has built strong logistical and production efficiency, allowing for just-in-time delivery and cost-effective operations.

4. Focus on Safety-Critical Components
Specializing in parts that are essential to vehicle safety and performance places Belrise in a defensible niche, reducing commoditization risk.

5. Vertical Integration & In-House Capabilities
The company has developed in-house capabilities across fabrication, painting, tooling, and quality control—ensuring better margins, control, and reliability.

6. Adaptability to EV Shift
Belrise has started aligning its product offerings for electric vehicles, positioning itself to benefit from the transition away from internal combustion engines.

Weaknesses of Belrise Industries

1. High Client Concentration
A significant portion of revenue comes from a few large OEM clients. This creates a risk if any major customer reduces orders or changes suppliers.

2. Capital-Intensive Operations
The nature of the auto components business requires continuous investment in machinery, technology, and capacity—resulting in high fixed costs.

3. Exposure to Auto Industry Cycles
As an auto component supplier, Belrise is highly sensitive to cycles in the automotive industry. Any slowdown in auto sales can directly impact its volumes.

4. Limited Global Presence
While the company serves global OEMs, its operational base is largely domestic. This may limit exposure to high-margin international markets unless expanded strategically.

5. Margin Pressure from OEMs
Tier-1 suppliers often face pricing pressure from OEMs, who push for cost reductions year-on-year, impacting profitability unless offset by efficiency gains.

📍 Registered Office Address

Belrise Industries Limited
Plot No. D-39, MIDC Area, Waluj
Aurangabad, Maharashtra – 431133, India

📝 Registrar and Transfer Agent (RTA)

MUFG Intime India Private Limited
(Formerly Link Intime India Private Limited)
C-101, Embassy 247, L.B.S. Marg
Vikhroli (West), Mumbai – 400083, India
Website: www.in.mpms.mufg.com
Contact Person: Mr. Ganesh Jadhav
Email: bonds.helpdesk@linkintime.co.in

📞 Investor Grievance Contact

Mr. Manish Kumar
Company Secretary & Compliance Officer
Belrise Industries Limited
501 & 502, 5th Floor, Cello Platina
Fergusson College Road, Shivaji Nagar
Pune – 411005, Maharashtra, India
Tel: 020-25630188
Email: bel.investors@badvegroup.com

Belrise Industries – Frequently Asked Questions (FAQs)

1. What does Belrise Industries do?

Belrise Industries is a Tier-1 automotive component manufacturer. It supplies critical components such as metal chassis systems, suspension, exhaust systems, polymer components, and body parts to leading vehicle manufacturers (OEMs) across two-wheelers, passenger vehicles, commercial vehicles, and electric vehicles.

2. Who are the key clients of Belrise Industries?

The company supplies to over 25 OEMs including Bajaj Auto, Hero MotoCorp, Tata Motors, Royal Enfield, and Honda Motorcycle & Scooter India. These long-standing partnerships are central to the company’s stable business model.

3. Where is the company headquartered?

The registered office is located at:
Plot No. D-39, MIDC Area, Waluj, Aurangabad, Maharashtra – 431133, India.

Corporate & investor communication office:
501 & 502, 5th Floor, Cello Platina, Fergusson College Road, Shivaji Nagar, Pune – 411005, Maharashtra.

4. What type of products does Belrise manufacture?

Belrise manufactures over 1,000 components, including:

• Chassis & structural parts
• Suspension and exhaust systems
• Polymer and mirror systems
• Safety-critical and EV-compatible parts

5. Is Belrise involved in electric vehicle (EV) components?

Yes. Belrise has adapted its product offerings to cater to electric vehicles, including EV-specific metal and plastic components, making it future-ready in the automotive transition.

6. How many manufacturing plants does Belrise operate?

Belrise operates 17 manufacturing facilities across 9 states in India. These plants are strategically located near OEM hubs for efficient supply chain operations.

7. Who are the promoters of Belrise Industries?

The company is promoted by:

• Shrikant Shankar Badve
• Supriya Shrikant Badve
• Sumedh Shrikant Badve

8. Who is the Registrar & Transfer Agent (RTA)?

MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.)
Address: C-101, Embassy 247, L.B.S. Marg, Vikhroli (W), Mumbai – 400083
Website: www.in.mpms.mufg.com

9. How can shareholders contact the company for investor services?

You can contact:
Mr. Manish Kumar – Company Secretary & Compliance Officer
Email: bel.investors@badvegroup.com
Phone: 020-25630188