SME Focus Episode 216: Adam Payne
SMEFocus is the programme showcasing our brilliant SMEs. For manufacturers, by manufacturers. The weekly show was…
RSB Group, a leading player in the Indian automotive components industry, celebrates its 50th anniversary this year, marking a significant milestone in its journey of growth, innovation, and resilience. Founded in 1974 by brothers R.K. Behera and S.K. Behera, with an initial investment of Rs 2 lakh, the company has evolved into a Rs 3,000 crore enterprise, employing over 6,000 people across 17 manufacturing facilities in India and two international plants.
Looking to the future, RSB Group has set its sights on surpassing Rs 10,000 crore in revenue within the next 3-4 years. As part of this ambitious growth strategy, the company is also exploring the possibility of an initial public offering (IPO). A strategic partnership with Bain Capital, which recently invested in the company, will support its growth, both organically and inorganically, with a focus on expanding its international footprint, particularly in markets like Mexico.
RSB Group serves a diverse range of domestic and international clients, including prominent names such as Tata Motors, Ashok Leyland, Mahindra & Mahindra, and Volvo. The company manufactures a variety of automotive components, such as propeller shafts, axles, gearboxes, and heavy fabrications for the construction and mining sectors.
R.K. Behera, Chairman of RSB Group, reflected on the company’s success, saying, “Our journey is a story of resilience, hard work, and shared values. Despite early challenges, the dedication of our team and our commitment to quality have fueled our growth. We are focused on sustainability as we continue to build a legacy that will benefit both the industry and our communities.”
RSB Group is diversifying into the electric vehicle (EV) sector, partnering with an Israeli company to develop key components such as e-axles, motors, and controllers. The company aims to derive 25% of its revenue from EV components within the next five years, while continuing to generate the majority of its revenue from traditional automotive parts.
S.K. Behera, Vice Chairman of RSB Group, highlighted, “Our success is built on a vision for excellence and the dedication of our employees. As we enter new markets, including the EV sector, we are committed to maintaining our values of quality and integrity while setting new standards in the industry.”
In line with its growth strategy, RSB is investing Rs 70-80 crore in its in-house design, testing, and validation facility. The company is also exploring opportunities in other sectors such as defense, railways, and telecommunications. With these investments and initiatives, RSB Group is poised to continue its journey of innovation and growth in the coming years.
RSB Group’s commitment to sustainability and innovation remains at the heart of its business strategy. The company continues to look for ways to reduce its environmental footprint while expanding its product offerings and market reach. With a legacy of 50 years, RSB Group is positioned to remain a leader in the automotive sector and beyond, driving growth, quality, and sustainability in all its operations.
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