Experimental setup has been designed, to study the effects of thickness, width, bend angle and machine tool parameters on the springback, in two high-tensile strength steel grades, namely JSC440 and JSC590, during the V-bending process. Relationship between the springback and the parameters are analyzed using plots. Optimal combination of parameters for the minimum springback is evaluated. Analysis of variance has been carried out to analyze the magnitude of influence of these parameters on the springback. Using the experimental results, analytical models for the prediction of springback for the combinations of blank thickness, width, bend angle and machine tool parameters have been developed. Results reveal that in V-bending of JSC440, thickness and width are the dominant factors influencing the springback, whereas in JSC590 steel, insignificant change in springback is observed with the change in width of blank and using the hydraulic press with holding. However, thickness of steel sheet and bend angle influence significantly the springback in JSC590 steels.