Rane Holdings Limited Company Profile:Products,Promoters and Clients

Rane Holdings Limited Company Description:

Rane Holdings Limited (RHL), founded in 1929 and headquartered in Chennai, India, is a prominent holding company of the Rane Group, owning and managing its trademark. The company focuses on providing management services, holding strategic investments, and licensing the 'Rane' trademark to its subsidiaries and joint ventures, which are collectively involved in the automotive components industry.

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Q1. What are the Product and service offerings of the company?

Core Activities & Revenue Share for FY23

  1. Trademark Licensing (41%): RHL owns the ‘Rane’ trademark, licensing its use to the Rane Group Companies.
  2. Services (38%): Offers management consultancy, information technology, business development, and other tailored services to the Rane Group Companies.
  3. Investments (21%): Manages strategic investments in subsidiaries and joint ventures within the automotive components sector.

Q2. Who are the Promoters/Management of the company?

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Mr. L Ganesh (LG) is the Chairman and Managing Director of Rane Holdings Limited and the Rane Group of Companies. With over 45 years of industry experience, he has been instrumental in global market expansion and securing the Deming award. LG is a Chartered Accountant with an MBA from Pennsylvania State University. He has held leadership roles in various industry bodies including President of Automotive Component Manufacturers Association of India and Chairman of CII Southern Region. He serves as an Independent Director at Sundaram Finance Limited and is the Honorary Consul for New Zealand in South India. Additionally, LG chairs Chennai Willingdon Corporate Foundation and Chennai Heritage.

Mr. Harish Lakshman is the Vice Chairman and Joint Managing Director of Rane Holdings Limited (RHL) and holds leadership positions across various companies within the Rane Group. He holds a Bachelor’s degree in Mechanical Engineering from BITS, Pilani, and an MBA from Krannert School of Management, Purdue University, USA. With over 26 years in the industry, he has extensive experience in marketing, operations, and business development. Harish has been actively involved in industry associations and served as President of ACMA and Chairman of CII – Young Indians (Chennai Chapter). He also serves as Managing Director of ZF Rane Automotive India Private Limited and is an Independent Director at Oriental Hotels Limited, a Tata group company.

Q3. Who are the Clients of the company?

Major Investments

  • Rane (Madras) Limited (RML): Holds a 71.77% stake, specializing in steering gear products, steering and suspension linkages, light metal casting products, and other aluminum articles.
  • Rane Engine Valve Limited (REVL): Holds a 58.29% stake, producing engine valves, valve guides, and tappets.
  • Rane Brake Lining Limited (RBL): Holds a 50.03% stake, manufacturing brake linings, disc pads, clutch facings, and clutch buttons.

Written By: Khush Kothari

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