The springback is one of the major defects associated with sheet metal–forming industry. The objective of this study is to minimize the springback and the process variability in V-bending operation. In all, 11 process parameters, the bending angle, sheet thickness, material type, material texture, punch speed, punch holding time, sheet width, punch radius, lubrication, warm working, and repeat bending, have been considered, and their effect on springback has been studied. Based on Taguchi L₁₂2¹¹ orthogonal array design, bending tests were conducted on two types of aluminum sheets (Al 1100 and Al 6061), and investigation was focused mainly on the effect of process variables on the springback. As springback is a process defect, the smaller the better signal-to-noise ratio is utilized in the optimization process. Based on the analysis of variance results, the percentage contribution of each factor to springback was calculated and optimum levels of entire factors were ascertained. The punch holding time, material type, and lubrication were found to be the most significant factors affecting springback. The combined effect of these parameters on springback was about 70%. From the confirmation tests, there has been significant improvement in the standard deviation of the mean value of springback.