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RSB Group commemorates 50th anniversary; targets 3X growth in the next 3-4 years

By Staff Writer ,

Added 18 November 2024

Looking ahead, RSB is aiming to triple its revenue, crossing the Rs10,000 crore mark before launching an IPO within the next 3-4 years

RSB Group, one of India's largest automotive component manufacturers, is celebrating its 50th anniversary, marking five decades of innovation, resilience, and growth. Founded by brothers R.K. Behera and S.K. Behera with a modest Rs 2 lakh in 1974, including a Rs 20,000 state subsidy for technocrats, the company has grown into an industry leader with a turnover exceeding Rs 3,000 crore. From a small team of 15 in 1975, RSB now boasts a workforce of over 6,000 associates. 

Looking ahead, RSB is aiming to triple its revenue, crossing the Rs10,000 crore mark before launching an IPO within the next 3-4 years. Recent strategic investment from Bain Capital is set to play a pivotal role in this ambitious growth plan, particularly in expanding operations in Mexico and other international markets. With 17 manufacturing facilities in India, two overseas plants, and a Pune-based tech subsidiary, RSB serves a global clientele, including Tata Motors, Ashok Leyland, and Mahindra & Mahindra. 

RSB's product portfolio spans automotive and construction sectors, including propeller shafts, axles, gearboxes, and heavy fabrications. As the company enters the e-mobility market, it is working on electric vehicle solutions in partnership with an Israeli firm, targeting a 25 per cent revenue share from EV components in the next five years. 

Chairman R.K. Behera attributed the company's success to its values of integrity, quality, and teamwork, expressing gratitude to employees and partners who have contributed to RSB's legacy. Vice Chairman S.K. Behera highlighted RSB's focus on innovation and excellence as key drivers for future growth. 

RSB is also investing in sustainability, with Rs 70-80 crore allocated to in-house design, testing, and validation facilities while exploring diversification into defence, railways, and telecommunications.