Rashi Peripherals Forms Joint Venture with Restar Corporation to Scale Semiconductor and Embedded Solutions

Rashi Peripherals Forms Joint Venture with Restar Corporation to Scale Semiconductor and Embedded Solutions​

Mumbai, August 04, 2026: Rashi Peripherals Limited (RP tech), a leading national distribution partner for global technology brands in India, has entered into a joint venture (JV) with Restar Corporation, a prominent Japanese electronics and technology company. This strategic partnership aims to significantly strengthen RP tech's semiconductor and embedded solutions business through localized expertise and expanded market reach.

As part of the transaction, Rashi Peripherals will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru. A step down subsidiary will also be established in Singapore. Restar Corporation, described as a $\approx$US$4 billion conglomerate, will acquire a 26% equity stake in this new venture. The partnership is scheduled to commence official operations in October 2026.

The JV's core focus will be delivering advanced Image Sensing Solutions tailored for Industrial and Automotive applications, supported by design expertise, localized engineering, and technical services aimed specifically at the Indian market.

Strategic Partnership Details​

The joint venture unites Restar Corporation’s technology expertise and global semiconductor ecosystem relationships with RP tech’s extensive distribution reach and established customer base across India. The partners intend to accelerate the adoption of advanced semiconductor technologies and provide customized solutions for manufacturers in robotics, automotive, and industrial automation sectors.

Key structural aspects and focus areas of the JV include:


The partnership is designed to build a differentiated supply chain platform, supporting Make-in-India initiatives across Electronics Manufacturing Services (EMS) and Electronics Component Manufacturing Services (ECMS). The JV's target segments include Automotive Tier-1s, Industrial Robotics, Enterprise Surveillance, Machine Vision Cameras, and Audio Visual (AV) appliances.

Commitment to Growth and Talent Development​

The collaboration includes a strong focus on human capital development and technical skill transfer. This involves direct, onsite training of Indian engineers by visiting Japanese design experts. The venture has also committed to hiring over 50 new local engineers within the next two years, backed by dedicated Field Application Engineering (FAE) capabilities.

Rajesh Goenka, Director and Chief Executive Officer of Rashi Peripherals Limited, stated that the partnership is a significant milestone for RP tech’s semiconductor expansion. He noted that combining Restar Corporation's deep technology expertise with RP tech's pan-India distribution network establishes a strong foundation for long-term growth and enabling localized support for India's evolving market needs.

Kapal Pansari, Managing Director of Rashi Peripherals Limited, emphasized that the joint venture combines product design capabilities with existing distribution networks to accelerate the ecosystem playbook, creating opportunities for both employees and stakeholders. Masahiro Shibata, General Manager of Device Business Unit and Vice President, Executive Officer of Restar Corporation, added that by combining Rashi's infrastructure and customer network with Restar’s semiconductor expertise, the joint entity is poised to become a significant player in India's semiconductor distribution landscape.

RPTECH Stock Price Movement​

Today, Rashi Peripherals Limited shed ₹10.65 or 1.21% in post-market trading, closing at ₹870.90 after the equity dropped throughout the session. The stock traded a volume of 669,266 shares, with intraday prices fluctuating between a low of ₹855 and a high of ₹900.