Rane (Madras) Limited has signed an agreement to acquire the friction materials business of Hindustan Composites Limited for an enterprise value of ₹370 crore, in a slump sale that will be executed as a going concern. The transaction has been structured as a Business Transfer Agreement and remains subject to regulatory approvals and other customary closing […]
The Rane Group, with its focus on technological advancements and customer-centric solutions, made a strong presence at the Component Show. “It’s been a phenomenal two days with terrific footfalls, allowing us to showcase our group’s latest innovations and future-ready technologies,” said T.Giriprasad, President – Aftermarket Business, Rane Group. The company emphasized its commitment to quality […]
Company eyeing Rs. 1,000-Cr revenue by 2027 The Rane Group, a stalwart in the Indian automotive components industry, has carved a formidable presence in both the domestic and international markets. Known for its unwavering commitment to quality and innovation, Rane has strategically positioned itself to capitalize on the evolving dynamics of the automotive aftermarket. As […]
L. Ganesh retires as Chairman and Harish Lakshman takes over as Chairman of Rane Group L. Ganesh has decided to retire as Chairman from the operating entities of Rane Group, effective March 31, 2024. He will serve as a Non-Executive Director on these entities and continue as Chairman and Managing Director of Rane Holdings Limited. Ganesh became Chairman of Rane Group in November 2006. He pioneered the […]