Transaction Details
Rashi Peripherals Limited has entered into a binding agreement to acquire a strategic 67% stake in VDA Infosolutions Private Limited for a cash consideration of INR 3.68 billion. The transaction values VDA Infosolutions at an equity valuation of INR 5.5 billion. VDA Infosolutions is a Mumbai-based information technology solutions and services company with CIN: U72900MH2010PTC198543.
Company Background
Rashi Peripherals ('RP tech') is one of India's leading ICT distributors with FY26 Revenue of INR 158 billion. The company operates as a national distribution partner for global technology brands with Pan-India presence across 56 branches, 50 service centers, and 71 warehouses, serving over 10,300 channel partners.
VDA Infosolutions ('VDA') is a consistently profitable company with FY26 revenue of approximately INR 8.5 billion. Founded in 2010 by first generation technopreneurs, VDA operates as a significant player in enterprise technology and digital infrastructure solutions with a highly skilled team of 1,000+ professionals deployed across 140+ locations Pan-India.
Strategic Rationale
The acquisition represents a strategic inflection point for RP tech to transform from a value-added ICT distribution company to a fully integrated technology solutions and services enterprise. The transaction enables RP tech to capitalize on accelerating demand for enterprise cloud infrastructure, AI-enabled IT environments, advanced data centre solutions, cybersecurity, and hybrid IT managed services.
VDA delivers comprehensive solutions across Cloud Technology, Cybersecurity, Data Protection, Virtualization, Storage, and provides IT Consulting services, DevOps and Infrastructure management and transformation services. The company is an authorized partner with global technology leaders including IBM (Platinum Partner), Dell Technologies (Titanium Partner), Broadcom (Premier & Professional Services Partner), Cisco (Data Center Partner), Palo Alto Networks (Diamond Partner), Red Hat (Advance Business Partner), Commvault, Cohesity, Hitachi, Vantara, Checkpoint and Nutanix.
Management Commentary
Mr. Kapal Pansari, Managing Director of Rashi Peripherals, stated: "This transaction marks a pivotal step in strengthening our position in the rapidly evolving enterprise business as a leading provider of high-end technology products and solutions. VDA Infosolutions' strong enterprise technology and digital infrastructure expertise and proven delivery capabilities enhance our ability to serve enterprise customers with advanced solutions in AI, cybersecurity, data protection, and cloud infrastructure."
Mr. Vikas Save, Founder Director of VDA Infosolutions, commented: "This partnership marks a significant milestone in our journey toward delivering next-generation technology solutions. By enhancing our capabilities in AI-driven infrastructure, digital modernization, and cloud technologies, we are better equipped to help our customers navigate the rapidly evolving landscape of AI, digitization, and cybersecurity."
Mr. Deepak Jadhav, Founder Director of VDA Infosolutions, highlighted: "We are excited about this partnership and the opportunities it brings. By combining RP Tech's robust OEM relationships and financial strength with our technical expertise, we aim to capitalize on the fast-growing markets in AI, digitization, and enterprise solutions."
Mr. Ashutosh Deuskar, Founder Director of VDA Infosolutions, emphasized: "Our partnership with Rashi Peripherals represents a major milestone in VDA Infosolutions' growth journey. Leveraging RP tech's strong OEM ecosystem, deep techno-commercial expertise, and extensive pan-India channel network, we look forward to further strengthening and expanding our managed services portfolio and system integration capabilities nationwide."
Market Context
The press release references market data indicating that overall IT spending in India is forecast to increase by 11% to nearly USD 176 billion in 2026. The Indian digital infrastructure market is projected to grow to USD 133 billion by 2035, growing at a CAGR of 18%, making India one of the fastest growing markets globally.
Advisory Services
Global M&A advisory firm Singhi Advisors acted as an exclusive strategic & financial advisor to Rashi Peripherals on this transaction.
Additional Information
The press release includes a safe harbor statement noting that the information is for informational purposes only and does not constitute an offer, recommendation, or invitation to purchase securities. The company disclaims liability for errors or omissions and notes that forward-looking statements involve risks and uncertainties.