Belding India Acquires 100% Stake in Evolve IT Solutions to Expand Indigenous Security Technology Capabilities
Pune: Diversified engineering and technology company Belding India Limited has announced the acquisition of a 100% equity stake in Evolve IT Solutions Private Limited. This strategic move is set to significantly bolster Belding's capabilities in indigenous advanced manufacturing and security technologies.The acquisition allows Belding, which operates across Battery Energy Storage Systems (BESS), Modular Data Centers, Edge Computing Infrastructure, Power Electronics, Advanced Manufacturing, and Defence Technologies, to establish a strong presence in the growing sector of security screening and critical infrastructure protection.
Evolve IT Solutions Private Limited specializes in advanced X-ray inspection and security screening technologies. The company designs, develops, and manufactures indigenous solutions including baggage scanners, cargo inspection systems, vehicle scanners, under-vehicle surveillance systems, dual-view X-ray systems, and intelligent security screening solutions. Evolve operates from its dedicated manufacturing and R&D facility in MIDC, Bhosari, Pune, possessing in-house capabilities across product design, engineering, and innovation.
Through this integration, Belding is set to expand its operational scope into advanced manufacturing, industrial electronics, AI-enabled imaging, precision engineering, and mission-critical security technologies. The addition of cargo and vehicle scanning solutions enhances Belding's ability to provide comprehensive technology solutions spanning energy, infrastructure, logistics, and homeland security.
Commenting on the acquisition, Mr. Umesh Kumar Sahay, Chairman of Belding India Limited, stated that the purchase is a strategic entry into India's rapidly growing security technology ecosystem. He noted that alongside their existing leadership in BESS and Modular Data Centers, Belding is now developing capabilities in indigenous cargo scanners, vehicle inspection systems, and intelligent X-ray security solutions vital for national infrastructure, defense, logistics, and homeland security. Mr. Sahay added that the acquisition offers a strong platform for long-term innovation and global growth, supporting the Make in India and Atmanirbhar Bharat initiatives.
Evolve IT Solutions is an established engineering and manufacturing company whose technologies secure critical infrastructure nationwide. Its products are deployed across airports, ports, logistics hubs, border security installations, defense establishments, metro rail networks, customs facilities, and other strategic national infrastructure projects.
Stock Price Movement
Belding India Ltd shares settled at ₹1025.00 on Thursday after dropping 0.50% in trading. The stock navigated a wide intraday range, moving between a low of ₹1010.00 and a high of ₹1057.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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