Rashi Peripherals announces JV with Japan’s Restar
Rashi will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru and step-down subsidiary headquartered in Singapore. Restar Corporation will subsequently acquire a 26% equity stake in the subsidiary.
Rashi Peripherals Limited, a national distribution partner for global technology brands in India, has entered into a joint venture with Japanese electronics and technology company Restar Corporation.
As part of the transaction, Rashi Peripherals will transfer its semiconductor business division into a wholly owned subsidiary headquartered in Bengaluru and step-down subsidiary headquartered in Singapore. Restar Corporation will subsequently acquire a 26% equity stake in the subsidiary, with the JV scheduled to officially commence operations in October 2026, Rashi Peripherals said in a press release.
The partnership will focus on delivering advanced image sensing solutions for industrial and automotive applications, supported by localized engineering, design, and technical services tailored to the Indian market.
Together, the partners aim to accelerate the adoption of advanced semiconductor technologies, support localized solution development, and address the growing needs of manufacturers in automotive, robotics, industrial automation, and other emerging sectors, the press release said.
“This partnership marks a significant milestone in RP tech’s journey to expand and strengthen its semiconductor business,” Rajesh Goenka, Director & Chief Executive Officer - Rashi Peripherals Limited, said. “By combining Restar Corporation’s deep technology expertise, supplier relationships, and application know-how with RP tech’s unparalleled pan-India distribution network, customer reach, and execution excellence, we are creating a strong foundation for long-term growth.”
“By combining Rashi’s unparalleled pan-India infrastructure and customer network with Restar’s semiconductor expertise, supplier access, and application know-how, we believe Rashi Restar Semiconductor Solutions will become a significant player in India’s semiconductor distribution landscape,” Masahiro Shibata, General Manager of Device Business Unit and Vice President, Executive Officer – Restar Corporation, said.
