RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, proudly marks its 30th anniversary in India, celebrating three decades of excellence, innovation, and commitment in the country. Since its inception in March 1994 with a modest team of eight, RS India has grown into a leading distributor in the industrial sector, with a robust team of 125 professionals and ambitious plans for further expansion.
Over the years, the company has seen remarkable growth, expanding from an initial annual revenue of INR 1.02 crore in 1994-95 to an impressive INR 125 crore in 2024. This success reflects its unwavering commitment to providing high-quality electronic and industrial components, solidifying its position as the preferred choice for numerous businesses across the nation.
Shiv Bhambri, CEO at RS India, reflecting on his 20-year tenure, said, "RS India has been a key player in reshaping the industrial landscape over the past 30 years. We've transitioned from traditional offline purchases to implementing global procurement strategies like vendor consolidation and B2B eCommerce. Our commitment to supporting the academic community, especially during COVID-19, highlights our dedication to making a positive impact."
RS India is deeply committed to sustainability and social responsibility. Our purpose of making amazing happen for a better world reflects our focus on delivering results for people, planet, and profit. Our 2030 ESG action plan, 'For a Better World', is designed to deliver long-term value for all our stakeholders. This commitment has earned RS a place among the Top 100 ESG companies worldwide. We also engage in student projects at various engineering colleges & universities including the IIT’s and CSR activities, highlighting our dedication to educational growth and community development.
Keith Rice, Vice President RS Emerging Markets, RS Group said, "As we celebrate this milestone, we extend our gratitude to our customers, partners, and employees for their continued support. Our focus remains on driving Continuous Improvement (CI) and enhancing customer satisfaction, demonstrated by our improved Net Promoter Score (NPS). We are equally committed to sustainability, with green initiatives across the supply chain reinforcing our goal to make a positive impact. We eagerly anticipate a future filled with further innovation and success."
As we enter the next phase of growth, our commitment is to double the customer base, support the Make in India initiative, drive innovation in industrial procurement, and promote inclusivity and diversity. By embracing new technologies such as Big Data, AI, Blockchain, and System Architecture, our aim is to remain at the forefront of the industry. The goal is to integrate ESG objectives with supply chain optimization, utilizing AI and digitalization to streamline and standardize sustainability practices.
RS India continues to evolve with the launch of the RS Mobile App, the cutting-edge tool is designed to streamline operations for businesses exporting goods from the UK around the world, offering instant access to a vast catalogue of over 750,000 electronic, electrical, mechanical, test & measurement and PPE products. With real-time stock and price information, the newly launched RS Mobile app embodies our ongoing commitment to efficiency, customer satisfaction, and technological advancement.
As we look to the future, the vision is to continue its double-digit growth through digital transformation in the B2B industrial space while ensuring high levels of customer satisfaction.
About RS:
RS Group plc is a digitally enabled global distributor of product and service solutions for industrial customers. We help 1.1 million customers across the world satisfy their maintenance, repair and operations (MRO) needs, safely and sustainably. We stock more than 750,000 industrial and associated electronic products, sourced from over 2,500 leading suppliers, enhancing customer experience, driving operational excellence and simplifying the supply chain at every step.
Through our great people and increased use of technology, we provide industrial MRO solutions that seamlessly combine services, products and digital – essential for the successful running of our customers’ businesses. Operating sustainably through efficient, physical processes and digital infrastructure, the way we support our customers forms part of our ongoing purpose to make amazing happen for a better world.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2024 reported revenue of £2,942 million.
No comments:
Post a Comment