March 8, 2025
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Belrise Industries is a leading automotive component manufacturer based in India, specializing in safety-critical systems and engineering solutions for a wide range of vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Our product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, and more. Our products are compatible with both electric and internal combustion engine vehicles, positioning us well to capitalize on the growing electric vehicle market.
Specializing in precision sheet metal pressing and fabrication, Belrise is among the top three players in India’s two-wheeler metal components market, commanding a 24% market share as of FY 2024. Globally, the two-wheeler metal components market was valued at ₹1,453.85 billion in 2023 and is projected to reach ₹1,767.28 billion by 2029, growing at a CAGR of 3.29% between 2024 and 2029. With a strong foothold in the precision metal components sector, Belrise is well-positioned to tap into the expanding two-wheeler and four-wheeler markets in both India and international markets.
Since its inception in 1996, Belrise has diversified its customer base to 27 OEMs as of June 30, 2024. Over nearly three decades, the company has expanded its capabilities to include not only precision sheet metal pressing and fabrication but also the manufacturing of polymer components, suspension systems, and coating and painting services. This strategic expansion has enabled Belrise to enhance the complexity and value of the components supplied per vehicle. Our operations extend beyond Maharashtra, with manufacturing facilities in other key states in India, designed for scalability to meet the evolving needs of our customers.
Objects of the IPO: The Company intends to utilise the Net Proceeds from the Issue towards funding the following objects:
1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and
2. General corporate purposes
Financials: In FY 2024, Belrise Industries achieved Rs 74,842.41 million in revenue, a significant increase from Rs.65,824.96 million in FY 2023 and Rs.53,968.54 million in FY 2022, reflecting a robust CAGR of 18.17% from FY 2022 to FY 2024.
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