Pune – Belding India Limited (“Belding” or “the Company”), a diversified engineering and technology company focused on Battery Energy Storage Systems (BESS), Modular Data Centers, Edge Computing Infrastructure, Power Electronics, Advanced Manufacturing and Defence Technologies, is pleased to announce that it has acquired 100% equity stake in Evolve IT Solutions Private Limited (“Evolve”).
This strategic acquisition marks another significant milestone in Belding India’s vision of building one of India’s leading indigenous engineering and technology platforms. Beyond strengthening our presence in Battery Energy Storage Systems (BESS), Modular Data Centers and Edge Computing Infrastructure, the acquisition enables Belding to establish a strong foothold in the rapidly growing security screening and critical infrastructure protection sector.
Evolve brings proven expertise in advanced X-ray inspection and security screening technologies, including baggage scanners, cargo inspection systems, vehicle scanners, under-vehicle surveillance systems, dual-view X-ray systems and intelligent security screening solutions. Operating from its owned manufacturing and R&D facility at MIDC, Bhosari, Pune, the Company has established strong in-house capabilities in product design, engineering, manufacturing and innovation. Its technologies play a critical role in securing airports, ports, logistics hubs, border security, defence establishments, metro rail networks, customs, industrial facilities and other strategic national infrastructure.
With this acquisition, Belding significantly expands its capabilities in advanced manufacturing, industrial electronics, AI-enabled imaging, precision engineering and mission-critical security technologies, positioning the Company to address high-growth opportunities in both domestic and international markets. The addition of cargo and vehicle scanning solutions further strengthens Belding’s ability to deliver comprehensive technology solutions across energy, infrastructure, logistics and homeland security.
Commenting on the acquisition, Mr. Umesh Kumar Sahay, Chairman of Belding India Limited, said:
“Our vision is to build Belding into a globally competitive engineering and technology powerhouse. The acquisition of Evolve is far more than an expansion of our product portfolio, it represents our strategic entry into India’s rapidly growing security technology ecosystem. Along with our leadership in Battery Energy Storage Systems (BESS), Modular Data Centers and advanced manufacturing, we are now building capabilities in indigenous cargo scanners, vehicle inspection systems and intelligent X-ray security solutions that are critical for national infrastructure, defence, logistics and homeland security. We believe this acquisition creates a strong platform for long-term innovation, import substitution and global growth while supporting the Government’s Make in India and Atmanirbhar Bharat initiatives.”