Belrise Industries IPO Details

Belrise Industries Limited is a leading automotive component manufacturer based in India, established in 1996. The company specializes in precision sheet metal pressing and fabrication, offering over 1,000 distinct products that cater to a wide range of vehicles including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its diverse product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white parts, exhaust systems, battery containers, and steering columns. Belrise’s components are largely agnostic to vehicle powertrain types, allowing it to effectively serve both electric vehicles and internal combustion engine vehicles—positioning the company well for the transition to electric mobility.

Belrise has experienced strong financial growth, with revenue from operations reaching ₹74,842.41 million in FY2024, up from ₹65,824.96 million in FY2023 and ₹53,968.54 million in FY2022, reflecting a CAGR of 17.76%. For the nine months ending December 31, 2024, revenue grew to ₹60,134.26 million, showing a slight year-on-year increase. The company holds a significant market share of 24% in the two-wheeler metal components segment in India and also operates in the three-wheeler and four-wheeler segments. It serves 29 original equipment manufacturers (OEMs) and exports to several international markets including Austria, Slovakia, the UK, Japan, and Thailand.

Belrise operates 17 manufacturing facilities across 10 cities in nine Indian states as of March 2025, following the acquisition of H-One India Private Limited. These facilities support both backward integration (such as tool making, tube bending, and press operations) and forward integration (system assembly, coating, and painting), enabling the company to maintain high production capacity and quality standards. The acquisition of H-One enhanced Belrise’s capabilities in four-wheeler metal stamping and complex tool design, further strengthening its position in the market.

With a strong focus on innovation and engineering, Belrise has a 159-member product development team specializing in design, simulation, prototyping, and testing. This capability has enabled the development of advanced and proprietary products, including patented suspension systems and high-precision steering columns. The company operates on a just-in-time inventory model, ensuring agile supply chain management and close collaboration with OEMs to meet evolving industry requirements. Belrise’s reputation for quality is reinforced by 31 awards received from customers and industry bodies, making it a preferred multi-product vendor in the automotive components industry.