RSB Group, a prominent player in the Indian automotive component sector, marks its 50th anniversary, celebrating a journey of growth, innovation, and resilience. Established in 1974 by brothers R.K. Behera and S.K. Behera with an initial investment of Rs 2 lakh, the company has grown 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 aims to surpass Rs 10,000 crore in revenue within the next 3-4 years, with plans for a potential initial public offering (IPO). A strategic partnership with Bain Capital, which recently invested in the company, is expected to support both organic and inorganic growth, focusing on expanding its international footprint, especially in markets like Mexico.
RSB currently serves a wide range of domestic and international clients, including major names like Tata Motors, Ashok Leyland, Mahindra & Mahindra, and Volvo. The company manufactures a variety of automotive components, including 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 achievements, 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.”
Since securing a significant contract with Tata Motors, RSB has experienced steady growth, maintaining a 25% annual growth rate after the 1990s. The company is now diversifying into the electric vehicle (EV) sector, partnering with an Israeli company to develop components such as e-axles, motors, and controllers. RSB aims to derive 25% of its revenue from EV components over the next five years, while traditional automotive parts will continue to account for the majority of its revenue.
S.K. Behera, Vice Chairman of RSB Group, added, “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.”
As part of its growth strategy, RSB is also investing Rs 70-80 crore in its in-house design, testing, and validation facility and exploring opportunities in sectors such as defense, railways, and telecommunications. With these initiatives, RSB is poised for continued growth and innovation in the years to come.
RSB Group is a prominent Indian conglomerate with a diverse portfolio spanning various industries, including automotive, engineering, textiles, and renewable energy. Established in 1986, the group has made a significant mark in sectors such as automotive components, steel, and plastic products, while also focusing on sustainable practices and innovations.
RSB Group operates numerous manufacturing plants and facilities across India and globally, with a strong emphasis on quality, technology, and customer satisfaction. The group is known for its commitment to environmental responsibility and its contributions to India’s industrial growth, especially in manufacturing advanced components for the automotive industry.
