Belrise Industries promoter and managing director Shrikant Badve has officially entered the billionaire club. This came as the newly-listed shares of the company continue their meteoric rise since market debut. (Image source: Shrikant Badve's LinkedIn profile)
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The shares of the company surged nearly 7 percent to hit an all time high of Rs 164.5 per share on September 23. The stock has now rallied more than 84 percent in just a little over three months after hitting an all-time low of Rs 89.15 apiece. (Image: Belrise IPO listing ceremony)
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Belrise Industries shares were listed at Rs 100 apiece on NSE on May 28, marking a premium of 11.11 percent over the IPO price of Rs 90 per share. The stock has risen around 83 percent from its IPO price, and is up 64.5 percent from its listing price.
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Badve holds a 59.56 percent stake in Belrise Industries, equivalent to 53 crore shares. His stake would be cumulatively valued at Rs 8,718 crore at the all-time high market price. He also serves on the Economic Advisory Council of the Government of Maharashtra and represents industry as Brand Ambassador of Magnetic Maharashtra and Make in India, alongside luminaries Sachin Tendulkar, Madhuri Dixit, and Shankar Mahadevan. (Image: Belrise IPO listing ceremony)
A first-generation entrepreneur, Shrikant Badve founded Belrise Group in 1988. What began as a small operation with just three workers has grown into one of India’s leading automotive manufacturing brands, employing over 8,000 people. The group operates more than 17 manufacturing units nationwide, generating a turnover exceeding Rs 7,000 crore and producing components for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and white goods. (Image source: Shrikant Badve's LinkedIn post)
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Belrise Industries specialises in automotive component manufacturing, offering a wide range of safety-critical systems and engineering solutions. Its portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems. The company's products are largely agnostic to vehicle powertrain types, serving both electric and internal combustion engine vehicles, positioning it strongly in the growing electric vehicle market.
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The firm is renowned for precision sheet metal pressing and fabrication, joining sheet metal components to create unified structures for vehicle subsystems and bodies. It ranks among the top three companies in India with a 24 percent market share in the two-wheeler metal components segment.
