Around 75% of RSB's revenue comes from the automotive business, while the remaining 25% of the company's revenue is derived from its construction equipment business. Jamshedpur: Homegrown tier 1 supplier RSB is eyeing INR 10,000 crore revenue goal by 2030, and also trying to get listed around that period. Currently, RSB has a consolidated revenue of over INR 3,000 crore, marking a significant rise from INR 1,800 crore pre-COVID and showing a steady recovery from the economic dips.
The RSB Group, which began as a humble maintenance business in the 1970s, has charted an ambitious growth path. The company is leveraging both organic and inorganic growth strategies across sectors, including automotive and construction.
Revenue share
Around 75% of RSB's revenue comes from the automotive business, while the remaining 25% of the company's revenue is derived from its construction equipment business. The commercial vehicle sector makes up around 60% of the automotive segment. The company's footprint spans in both domestic and international markets, with its first overseas acquisition being the purchase of Miller Brothers in the United States, followed by an expansion into Mexico in 2011.
One of the group's notable new ventures is its focus on electric vehicles (EVs), where, according to SK Behera, Vice-Chairman and MD, "RSB Group commands an impressive 70% market share in India." RSB has been developing e-axles for light commercial vehicles (LCVs) and has formed a strategic partnership with Israel's EVR Motors as its technology provider. This partnership highlights the company's dedication to sustainable solutions and the pursuit of environmentally friendly technologies.
Expansion
To further diversify, RSB is exploring opportunities in the railways and defense sectors.
The diversification effort is also grounded in a strong commitment to sustainability and governance. RSB Group’s operations integrate environmental, social, and governance (ESG) practices, which are essential to attracting investors and customers in today’s market.
Reflecting on the company's foundational values, RK Behera, Chairman of RSB Group, remarked, “Our commitment to sustainable, long-term growth goes beyond family ownership, aiming to build a legacy for the next 50 to 100 years.”
“From the first big order for TELCO to expanding internationally, our success stems from perseverance, familial support, and a desire to improve standards of living,” he noted.
As RSB moves forward, it remains steadfast in its mission to blend growth with sustainable practices, guided by core values that prioritise social and environmental responsibility. With Bain Capital’s backing, the Beheras are confident that RSB Group’s next chapter will not only meet ambitious targets but will also leave a lasting, positive impact on the industry and society.
