Rashi Peripherals Limited was incorporated as "Rashi Peripherals Private Limited" at Mumbai on March 15, 1989, and later converted to a Public Limited Company on August 4, 2022. The company was founded by Mr. Suresh Kumar Pansari and Mr. Krishna Kumar Choudhary in 1989. With over 34 years of experience in ICT product distribution, the company initially commenced operations with manufacturing of peripherals but transitioned to distribution of global technology brands following the liberalization of the Indian IT sector in 1991.
Rashi Peripherals is an India-based value-added national distribution partner for global technology brands for information and communications technology (ICT) products. The company operates in the Information and Communication Technology Product (ICT) Distribution Business as well as after-sale services of Information Technology Products. The company has been instrumental in facilitating the entry of numerous global technology brands and was among the selected players that led the formalization of the fragmented and unorganized ICT products distribution in India.
The company primarily operates under two verticals: Personal Computing, Enterprise and Cloud Solutions (PES) and Lifestyle and IT Essentials (LIT). Under the PES vertical, it distributes personal computing devices, enterprise solutions, embedded designs/products and cloud computing. The company distributes a range of ICT products including personal computing, mobility, enterprise, embedded solutions, components, lifestyle, storage and memory devices, UPS and accessories, along with cloud computing solutions.
As of September 30, 2022, the company had branches in 50 cities that operate as sales centers, service centers and warehouses. The company has an operating branch in Singapore and works with two subsidiaries: Znet Technologies Private Limited in India and Rashi Peripherals Pte Ltd. in Singapore.
The company has demonstrated strong financial performance in recent quarters. In Q4 FY25, Rashi Peripherals achieved a net profit of Rs. 527 million, marking a 12.1% year-over-year increase, while revenue stood at Rs. 29,732 million. EBITDA showed particularly robust growth at ₹960 million, up 30.9% compared to the same period last year.
For the full fiscal year FY25, the performance was even more impressive with net profit surging 45.8% to Rs. 2,097 million. Annual revenue grew by 24.1% to Rs. 137,727 million, and EBITDA increased by 17.5% to Rs. 3,609 million, demonstrating consistent growth across all key financial metrics.
For the quarterly breakdown, the full year FY25 saw net profit rise 47.33% to Rs 208.06 crore compared to Rs 141.22 crore in the previous year, while sales rose 24.14% to Rs 13772.73 crore against Rs 11094.70 crore in FY24.
• Q4 FY2024-25 Performance: Net Profit of Rs. 527 million (↑12.1% YoY), Revenue of Rs. 29,732 million, EBITDA of ₹960 million (↑30.9% YoY)
• FY2024-25 Performance: Net Profit of Rs. 2,097 million (↑45.8% YoY), Revenue of Rs. 137,727 million (↑24.1% YoY), EBITDA of Rs. 3,609 million (↑17.5% YoY)
• Market Capitalization: ₹2,011.26 Crore (as of July 1, 2025)
• 52-Week High/Low: ₹474.90 / ₹245.15
• P/E Ratio: 9.67
• P/B Ratio: 1.30
• Dividend Yield: 0.66% (Final dividend of Rs 2 per equity share for FY25 recommended)
In FY 2024-25, the company expanded its footprint with the opening of its 52nd branch in Srinagar and implemented a CRM system with over 450 users, driving exceptional growth that exceeds industry averages by more than double. The company also launched the Embedded Application Lab in Bengaluru office, effective on May 15, 2024.
The company has made strategic entries into high-potential verticals like Visual Display, Quick Commerce, and Surveillance, while enhancing infrastructure with an advanced Embedded Lab in Bangalore and a state-of-the-art call center in Mumbai. The company received recognition at NVIDIA GTC 2025, validating its commitment to innovation, with FY 2025-26 strategy prioritizing deeper penetration in non-metro markets via stronger channel engagement.
The company made its Initial Public Offer by raising Rs 600 Crore through the issue of 48,23,151 fresh equity shares in February 2024. This marked a significant milestone in the company's growth trajectory, providing capital for expansion and strategic investments.
The company was honored with the Hulladek Raising the Bar Award for its E-Waste awareness initiatives, and its entry into the quick commerce segment further diversified its business.
According to CEO Rajesh Goenka, "For the past few years, Rashi Peripherals has spearheaded industry growth through innovative and customer-centric solutions. Our successful execution of key projects for NMDC, coupled with strategic entries into high-potential verticals like Visual Display, Quick Commerce, and Surveillance, underscores our proactive approach."
The company's leadership remains optimistic about growth prospects, particularly in emerging sectors such as AI and quick commerce, positioning itself strategically for continued expansion in the evolving Indian IT distribution landscape.
