Mumbai (Maharashtra) [India], May 26: Rashi Peripherals Limited ("Rashi Peripherals"), one of the leading value-added national distribution partners for global technology brands in India for ICT products in terms of revenues and distribution network in Fiscal 2022, announced today that Intel Corporation has recognized the organization with an Intel Partner Award in the category of Outstanding Growth - Distributor for Data Center and AI Group.
"We are honored to receive the prestigious Growth award from Intel. This accolade is a reflection of our continuous value added support to Intel business in India. We have a robust distribution infrastructure of 50 branches and reach in 730 locations across the country. We have efficiently optimized our network in the last two years to become a leading company by outpacing our competitors in terms of growth," said Rajesh Goenka, Chief Executive Officer (CEO) at Rashi Peripherals.
"We are thrilled to recognize Intel's partner award winners across the APJ region," said John Kalvin, Vice President and general manager of Intel's Global Partners & Support organization. "Our partners have achieved the highest standards in growth, innovation, and market acceleration. Congratulations to Rashi Peripherals for your remarkable achievements. We value your Extreme Partnership and look forward to continued success as we unleash the future together."
"We are proud to honour the partnership between Intel and Rashi Peripherals in driving innovation and excellence in technology. What makes this year's awards for our APJ partners extra special is our shared commitment in overcoming adversity, exemplifying resilience and determination amidst the prevailing macroeconomic headwinds. APJ continues to be a leading growth region and we value the collaboration with our partners in offering the best solutions and experiences to our customers. Thank You," said Steve Long, Corporate Vice President and General Manager for Intel Asia Pacific and Japan.
To qualify as a winner in this category, organizations must be a member of the Intel Partner Alliance; demonstrate year over year (YoY) growth, as well as an increase in overall partner revenue, number of partners adopted, and/or is well-positioned to increase their expected YoY growth.
Rajesh Goenka, CEO at Rashi Peripherals was recognized as a Hall of Fame recipient for making significant contributions to Intel business in India. Goenka has proven to be an active voice at various Intel forums with market insights and feedback and has been an invaluable contributor to Intel's business for several years.
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel's innovations, go to newsroom.intel.com and intel.com.
Incorporated in 1989, Rashi Peripherals Limited is one of the leading value-added national distribution partners for global technology brands in India for ICT products in terms of revenues and distribution network in Fiscal 2022. As of September 30, 2022, the Company had a network of 50 branches and 50 service centres in India that cater to over 8,600 channel partners in 730 locations across India.
For more information about Rashi Peripherals, visit www.rptechindia.com.
Rashi Peripherals Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer ("Offer") of its equity shares ("Equity Shares") and has filed a draft red herring prospectus dated January 18, 2023 ("DRHP") on January 19, 2023 with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited at www.jmfl.com and ICICI Securities Limited at www.icicisecurities.com.
For complete information in relation to risks in relation to the business of the Company, please see "Risk Factors" beginning on page 35 of the DRHP. Potential investors should not rely on the DRHP for any investment decision. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section titled "Risk Factors" of the red herring prospectus, when available.
The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
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