BSECompany Update3d ago · 4 Aug 2026, 01:38 pm
The Company has submitted the copy of press release on the acquisition of india tipper body business of Hyva (India) Pvt. Ltd.
Belrise Industries Ltd · 544405
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Belrise Industries Ltd has acquired the Tipper Body Business of Hyva India Private Ltd for approximately USD 5.65 million, with an EV/EBITDA multiple of 3.60x. The acquisition strengthens Belrise's position as a Tier-0.5 supplier in the commercial vehicle ecosystem and expands its capabilities in the commercial vehicle segment.
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Full Announcement
Belrise Industries Ltd - 544405 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: August 04, 2026
The Secretary, The Secretary,
Listing Department BSE Limited Listing Department National Stock Exchange
Phiroze Jeejeebhoy Towers, of India Limited Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex, Bandra Kurla (E),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 544405 Symbol: BELRISE
ISIN: INE894V01022 ISIN: INE894V01022
Sub: Press Release–Acquisition of business of India Tipper Body from Hyva (India) Pvt. Ltd. vide
entering into Business Transfer Agreement.
Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”), enclose herewith a copy of the press release on the
acquisition of India Tipper body business of Hyva (India) Pvt. Ltd which is a subsidiary of JOST
Werke SE on slump sale basis vide entering into Business Transfer Agreement (“BTA”).
The above press release is also being made available on the Company’s website under the tab
‘Investor Relations’ at https://belriseindustries.com
You are requested to take the above on record.
Thanking you,
Yours faithfully,
For Belrise Industries Limited
Siddhesh Mandke
Company Secretary and Compliance Officer
Membership No. A20101
Encl: As above
Belrise Industries Acquires Hyva India’s Tipper Body Business
• Acquisition strengthens Belrise's transition to a Tier-0.5 supplier
• Transaction valued at approximately USD 5.65 million, representing an Enterprise Value (EV) to
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of
approximately 3.60x
National, 4th August 2026: Belrise Industries Limited, one of India’s leading integrated automotive and
aerospace component manufacturers with a diverse portfolio of safety-critical systems and engineering
solutions announced the acquisition of the Tipper Body Business of Hyva India Private Limited, a
subsidiary of JOST Werke SE. This transaction marks a strategic step in strengthening Belrise’s position as
a Tier-0.5 supplier within the commercial vehicle ecosystem.
This acquisition aligns with Belrise’s long-term strategy of expanding its capabilities in the commercial
vehicle segment and deepening its presence in high-growth sectors such as construction, mining, defense
and infrastructure. The transaction is based on an EV/EBITDA multiple of approximately 3.60x
EV/EBITDA, with a total purchase consideration of approximately USD 5.65 million.
Hyva India’s Tipper Body Business is a well-established platform specializing in the manufacture of tipping
solutions, catering to diverse end-use applications across construction, mining, and infrastructure sectors.
The business has strong engineering and design capabilities and serves all of the top five commercial vehicle
OEMs in India.
The business delivered an EBITDA of approximately USD 1.57 million for CY2025, with a return on
average capital employed (ROACE) of around 20%, reflecting its operational efficiency and profitability.
The acquisition will further enhance Belrise’s customer portfolio by adding a key European commercial
vehicle OEM, while also strengthening its domestic footprint through three manufacturing facilities located
in Pune, Jamshedpur, and Bangalore.
Speaking on the occasion, Mr. Swastid Badve, General Manager, Belrise Industries Limited, said:
“We are pleased to welcome Hyva India’s Tipper Body Business into the Belrise family. This acquisition is
a strong strategic fit and complements our manufacturing and engineering strengths. It enhances our
position in the commercial vehicle value chain and supports our vision of becoming a diversified, global
mobility solutions provider. Belrise remains committed to ensuring a seamless transition for customers,
employees, suppliers, and business partners, while investing in the future growth and development of the
business.”
About Belrise Industries Limited
Belrise Industries Limited (“Belrise”) is a leading integrated precision engineering company headquartered in Pune,
India. The Company specializes in the manufacturing of safety-critical systems and advanced engineering solutions
for two-wheelers, three-wheelers, and four-wheelers, including passenger vehicles, commercial vehicles, and
agricultural vehicles. Through its recent strategic acquisitions in Europe, Belrise has further expanded its capabilities
into the production of structural and engine components for the aerospace and defense sectors.
Belrise has a turnover of INR 95,091 million and a market share of approximately 24% in precision sheet metal
pressing and fabrication, based on revenue. With 22 manufacturing facilities in India and 2 in Europe, the Company
serves 38 OEMs across vehicle segments, including the largest global aerospace and defense OEMs.
About Hyva India Tipper Body Business
Established in 1997, Hyva India introduced telescopic cylinder technology and tipping solutions to the Indian
market and has since become a respected player in the heavy-duty commercial vehicle segment. The India Tipper
Body Business is the only Hyva business globally dedicated to the design, manufacture, and sale of complete tipper
bodies.
Following the transaction, Hyva will continue to own, operate, and invest in its Tipping Kits and Hydraulic Systems
business. It will also continue to serve OEMs, body builders, dealers, and customers in India through its
comprehensive portfolio of hydraulic and tipping technology solutions.
For further details, please contact:
Investor Contact:
Belrise Industries Limited
CIN – L73100MH1996PLC102827
Mr. Amit Joshi – GM, Corporate Finance
Email: arjoshi@belriseindustries.com
www.belriseindustries.com
Investor Relations Partner
Strategic Growth Advisors Private Limited
CIN: U74140MH2010PTC204285
Mr. Deven Dhruva / Ms. Krisha Shrimankar
Email: deven.dhruva@sgapl.net / krisha.shrimankar@sgapl.net
Tel: + 91 98333 73300 / +91 87797 99281
www.sgapl.net
Safe Harbor Statement:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and
objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for
project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and
developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future
results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation
to update forward-looking statements to reflect actual results, changed assumptions or other factors.