Badve’s 59.56% stake, comprising 53 crore shares, is now valued at Rs 8,623 crore, cementing his status among the nation’s wealthiest entrepreneurs.
Belrise Industries shares rose as much as 5.6% on Tuesday, September 23, to Rs 162.60 on the BSE, continuing the stock’s 11% rise this week.
From small beginnings
A first-generation entrepreneur, Badve founded Belrise Group in 1988 with just three workers. Today, the group employs over 8,000 people across more than 17 manufacturing units nationwide, generating annual turnover exceeding Rs 7,000 crore. Belrise produces components for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and white goods, making it one of India’s leading automotive manufacturing brands.
Belrise Industries specialises in safety-critical automotive components and engineering solutions, ranging from metal chassis systems and suspension systems to polymer components and exhaust systems. Its products are largely powertrain-agnostic, serving both electric and internal combustion engine vehicles, a factor that positions the company strongly in the fast-growing electric vehicle segment.
Industry recognition and influence
Beyond his corporate achievements, Badve 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 such as Sachin Tendulkar, Madhuri Dixit, and Shankar Mahadevan.Belrise Industries is renowned for precision sheet metal pressing and fabrication, joining sheet metal components to create unified structures for vehicle subsystems and bodies. The company ranks among the top three in India with a 24% market share in the two-wheeler metal components segment.
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