Rashi Peripherals to Buy Majority Stake in Satcom Infotech

Rashi Peripherals Ltd. (RP Tech) announced its plans to acquire a 70% equity stake in Satcom Infotech Pvt. Ltd., a cybersecurity solutions distributor. The deal involves the purchase of 75,460 equity shares at ₹1,805 per share, amounting to ₹13.62 crore. The acquisition, expected to be completed within 3 months, will make Satcom a subsidiary of RP Tech. A share purchase agreement will be executed between RP Tech and Satcom’s promoters.

Purpose of the Acquisition

This investment allows RP Tech to expand its product portfolio within the cybersecurity domain. By leveraging Satcom’s presence, RP Tech plans to introduce new brands and establish partnerships. According to RP Tech’s Managing Director Kapal Pansari, the acquisition represents a step in the company’s expansion into the high-growth cybersecurity market.

Benefits for Satcom Infotech

Satcom is expected to benefit from RP Tech’s financial foundation and geographical presence across India. Vinod Kumar, CEO of Satcom Infotech, talked about how this partnership would accelerate the company’s market penetration, improve delivery timelines, and enable investment in new initiatives. The collaboration aims to boost Satcom’s service delivery and create value for partners and customers.

Satcom’s Profile

Established in 2003, Satcom Infotech is into distributing cybersecurity products and operates exclusively in India. Its recent financial performance includes a turnover of ₹1,704.27 million in FY2024, ₹1,950.77 million in FY2023, and ₹1,180.98 million in FY2022. The company’s profit after tax for FY2024 was ₹25.34 million.

RP Tech’s Position

Rashi Peripherals, headquartered in Mumbai, is one of India’s ICT solutions providers. The company distributes a range of information and communications technology products. This acquisition will help strengthen RP Tech’s position by integrating cybersecurity offerings into its distribution network.

Market Performance

Following the announcement, RP Tech’s shares closed 2.17% higher at ₹372.45 on January 15, and as of 2:07 PM on January 16, the stock is trading at ₹384.90, up 3.51% for the day, though it has declined 9.65% over the past six months and gained 19.72% over the past year.

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