Belrise Industries Acquires Hyva India's Tipper Body Business in Strategic Move

Belrise Industries Acquires Hyva India's Tipper Body Business in Strategic Move​

Belrise Industries Limited has acquired the Tipper Body Business of Hyva India Private Limited, a subsidiary of JOST Werke SE. The acquisition marks a strategic expansion for Belrise, strengthening its position as a Tier-0.5 supplier within the commercial vehicle ecosystem.

The transaction was completed via a Business Transfer Agreement (BTA). The purchase consideration amounted to approximately USD 5.65 million. This deal is valued at an Enterprise Value (EV) to Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of approximately 3.60x.

Hyva India's Tipper Body Business specializes in the manufacture of tipping solutions for various end-use applications in construction, mining, and infrastructure sectors. The business possesses strong engineering and design capabilities and currently serves all five major commercial vehicle OEMs in India.

Financially, the acquired business delivered an EBITDA of approximately USD 1.57 million for Calendar Year 2025, achieving a return on average capital employed (ROACE) of around 20%.

This acquisition aligns with Belrise's long-term strategy to deepen its presence in high-growth commercial vehicle segments such as construction, mining, and defense, thereby expanding the company's customer base. The transaction adds a key European commercial vehicle OEM to Belrise’s portfolio while enhancing domestic footprint through three manufacturing facilities located in Pune, Jamshedpur, and Bangalore.

Mr. Swastid Badve, General Manager of Belrise Industries Limited, commented on the acquisition, stating that it is a strong strategic fit that complements Belrise's existing manufacturing and engineering strengths. He added that the purchase enhances the company’s position in the commercial vehicle value chain and supports its vision to become a diversified, global mobility solutions provider.

Company Profiles and Business Details​

Belrise Industries Limited is an integrated precision engineering company based in Pune, India. The company manufactures safety-critical systems and advanced engineering solutions for two-wheeler, three-wheeler, and four-wheeler segments, including passenger, commercial, and agricultural vehicles. Belrise has expanded its capabilities into structural and engine components for the aerospace and defense sectors through recent strategic acquisitions abroad.

Key operational details regarding Belrise Industries are:

The Tipper Body Business of Hyva India was established in 1997 and is recognized as the only Hyva business globally dedicated to the design, manufacture, and sale of complete tipper bodies. Following the transaction, Hyva will continue operating its Tipping Kits and Hydraulic Systems business, serving OEMs, body builders, dealers, and customers across India with its portfolio of hydraulic and tipping technology solutions.

BELRISE Stock Price Movement​

As of 2:01 PM, shares of Belrise Industries Limited are slipping by 0.36% in live trading, currently valued at ₹241.00 as they trade down from previous close. The equity sees robust activity with over 1.5 million shares recorded in the current market session.