RS India, a division of RS Group plc (LSE: RS1), celebrates its 30th anniversary this year, reflecting on three decades of excellence and growth in the industrial sector. Since its founding in March 1994 with just eight employees, RS India has expanded significantly, now employing 125 professionals and becoming a leading distributor in the industry.
The company has experienced impressive growth, increasing its annual revenue from INR 1.02 crore in 1994-95 to INR 125 crore in 2024. This growth underscores RS India’s commitment to delivering high-quality electronic and industrial components, establishing it as a trusted partner for businesses across India.
Shiv Bhambri, CEO of RS India, noted, “Over the past 30 years, RS India has been instrumental in transforming the industrial landscape. We have evolved from traditional offline transactions to adopting global procurement strategies and B2B eCommerce. Our support for the academic community during COVID-19 further highlights our dedication to making a positive impact.”
RS India is committed to sustainability and social responsibility, with its 2030 ESG action plan, ‘For a Better World’, aimed at delivering long-term value for all stakeholders. This commitment has earned RS a spot among the Top 100 ESG companies globally. The company is also involved in student projects and CSR activities, supporting educational and community development.
Keith Rice, Vice President of RS Emerging Markets, RS Group, stated, “As we celebrate this milestone, we thank our customers, partners, and employees for their continued support. Our focus remains on driving continuous improvement and enhancing customer satisfaction, as reflected in our improved Net Promoter Score. Our sustainability efforts, including green initiatives across our supply chain, reinforce our commitment to making a positive impact. We look forward to future innovation and success.”
Looking ahead, RS India aims to double its customer base, support the Make in India initiative, and drive innovation in industrial procurement while promoting inclusivity and diversity. The company plans to leverage technologies like Big Data, AI, Blockchain, and System Architecture to stay at the forefront of the industry and integrate ESG objectives with supply chain optimization.
RS India is also embracing digital transformation with the launch of the RS Mobile App, which streamlines operations for businesses exporting goods from the UK globally. The app provides instant access to a vast catalog of over 750,000 products, including electronic, electrical, mechanical, test & measurement, and PPE items, reflecting the company’s commitment to efficiency and technological advancement.
RS Group plc, listed on the London Stock Exchange under ticker RS1, is a global distributor of industrial products and services. Serving 1.1 million customers worldwide, RS Group stocks over 750,000 products from more than 2,500 suppliers, enhancing customer experience and operational excellence. For the year ending March 31, 2024, RS Group reported revenue of £2,942 million.
