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India's newest billionaire keeps his bets spread wide
Mint Mumbai
|September 25, 2025
The auto component maker is also into commodities trade, seen as a risk by some analysts
Shrikant Badve, managing director of Belrise Industries Ltd.
A rare debut surge—67% since its listing in May—catapulted Belrise Industries Ltd’s promoter Shrikant Badve into the dollar billionaire club on Tuesday.
Yet, the very side bet that has powered the Pune-headquartered auto component maker's growth—an aggressive push into commodity trading—is also what is making analysts uneasy, given the global market volatility, geopolitical risks and the uncertainties tied to lithium-ion batteries, the lifeline of the electric vehicle (EV) industry. Belrise isalso into trading of steel, coils and some electronic products.
Itis indeed rare for an auto component manufacturer to be involved in commodity trading business. However, for Belrise Industries, the business has more than tripled since 2022 to more than a fifth of its overall revenue.
A commodity trading business involves purchasing goods from asup-plier and then selling it to different buyers at an elevated price, earning margins from the arbitrage.
Dit verhaal komt uit de September 25, 2025-editie van Mint Mumbai.
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