Key Transaction Details
- Rashi Peripherals Limited (NSE: RPTECH, BSE: 544119) has entered into a joint venture with Restar Corporation, a Japanese technology company
- Rashi Peripherals will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru with a step-down subsidiary in Singapore
- Restar Corporation (approximately US$4 billion conglomerate) will acquire a 26% equity stake in the subsidiary
- Joint venture scheduled to officially commence operations in October 2026
Governance Structure
- Shareholding: 74% with Rashi Peripherals, 26% with Restar Corporation
- Board composition: 4-member Board (3 representatives from Rashi Peripherals, 1 from Restar Corporation)
Business Focus and Capabilities
- Primary focus: Advanced Image Sensing Solutions for Industrial and Automotive applications
- Services: Localized engineering, design, and technical services tailored to Indian market
- Headquarters: Bengaluru (hub of India's semiconductor industry)
- Operational reach: Network across 5 major-city locations for nationwide operations
Technical Skill Development
- Direct, on-ground training of Indian engineers by visiting Japanese design experts
- Planned hiring of 50+ new local engineers over 2 years
- Dedicated Field Application Engineering (FAE) capabilities
Target Market Segments
- Automotive Tier-1 suppliers
- Industrial Robotics
- Electronics Manufacturing Services (EMS) / Electronics Component Manufacturing Services (ECMS)
- Enterprise Surveillance
- Machine Vision Cameras
- Audio Visual (AV) and Home Appliances
Strategic Rationale
Combines Restar Corporation's technology expertise, semiconductor ecosystem relationships, and global presence with Rashi Peripherals' extensive distribution reach, customer relationships, and market execution capabilities across India.
Management Commentary
Rajesh Goenka, Director & CEO - Rashi Peripherals: Partnership marks significant milestone to expand semiconductor business. Combination creates strong foundation for long-term growth through localized support and accelerated technology adoption.
Kapal Pansari, Managing Director: JV combines product & design capabilities with existing distribution network to accelerate ecosystem playbook and support Make-in-India initiatives.
Masahiro Shibata, General Manager Device Business Unit & VP - Restar Corporation: Opportunity to grow semiconductor business by combining Rashi's pan-India infrastructure with Restar's semiconductor expertise and supplier access.
Company Background
Rashi Peripherals Limited: Incorporated in 1989, leading ICT distributor in India with pan-India infrastructure spanning 700+ locations, 57 branches, 50 service centers, and 73 warehouses. Partners with 80 global brands and serves over 10,250 channel partners.
Restar Corporation: Established in 2009, Japanese technology company engaged in semiconductor sales, technical support, LSI design, electronics manufacturing services, and system integration solutions. Headquartered in Tokyo, Japan.
Additional Information
Information available on company website: https://rptechindia.com/
Filed by: Arvind Bajoria, Company Secretary and Compliance Officer