The Rane Group is an Indian industrial conglomerate, headquartered in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

. Beginning as a dealer for automobile, trucks and auto-parts in Madras in the 1920s, Rane has grown to encompass ten different companies as of 2013.

Scope

According to the company's web site, its sales for fiscal 2012–13 were . According to ''The Automotive Horizon'' the company has "dominat dthe domestic

ndian Ndian is a department of Southwest Region in Cameroon. It is located in the humid tropical rainforest zone about southeast of Yaoundé, the capital. History Ndian division was formed in 1975 from parts of Kumba and Victoria divisions and is ...

auto component space" for "decades". In 2020 the group had manufacturing facilities in

Puducherry Puducherry or Pondicherry may refer to: * Puducherry (union territory), a union territory of India ** Pondicherry, capital of the union territory of Puducherry ** Puducherry district, a district of the union territory of Puducherry ** Puducherry t ...

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern India ...

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Bawal Bawal is a big industrial town located, near Rewari city in Rewari district in Indian state of Haryana. It lies in the National Capital Region (NCR) of India. It is located on national highway NH 48 (formerly called NH 8), 11 km from Rewari, ...

Trichy Tiruchirappalli () ( formerly Trichinopoly in English), also called Tiruchi or Trichy, is a major tier II city in the Indian state of Tamil Nadu and the administrative headquarters of Tiruchirappalli district. The city is credited with bein ...

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. and

Russellville, Kentucky Russellville is a home rule-class city in Logan County, Kentucky, in the United States. It is the seat of its county. The population was 6,960 at the time of the 2010 census. History Local historian Alex C. Finley has claimed the area was fir ...

Activities

In late 2011 the group entered the defense and aerospace market by purchasing a 26% equity stake in SasMos HET Technologies Pvt Ltd. SasMos manufactures interconnection systems (cable harnesses) for various defence and aerospace purposes. Group chairman L. Ganesh was quoted as saying that he foresaw "significant growth opportunities both in India and as an exporter." The Rane Group was, as of 2012, planning to establish a manufacturing plant outside India. Group chairman L. Ganesh was quoted as saying: "We think the time has come to look beyond India, to see if there is more space to grow, and, if it makes sense to manufacture there as well. While our Tier-I products will still continue to be made with our joint venture partners, we are studying global markets to see if it’s feasible to manufacture our Tier-II products such as engine valves there." In 2011 the group planned to reinvest around 2,392 million, an increase from 2,173 million the previous year. However, in September 2013 the group was reported to have scaled back from a planned investment of about 2.50 billion to 1.30 billion in both the previous and coming fiscal years, because of economic slowdowns.

Reactions

Moneycontrol.com ran a video story about "succession planning" in the Rane Group, and how "dynastic rules" are accepted in Indian business while they are opposed in politics.

Group Companies

*Rane Holdings Limited * Rane Engine Valve Limited * Rane (Madras) Limited * Rane Brake Lining Limited *Rane Diecast Limited *Rane TRW Steering Systems Private Limited *Rane NSK Steering Systems Private Limited (joint-stock company) *Kar Mobiles Limited *JMA Rane Marketing Limited *Rane Holdings America Inc

References

External links

Official site
{{DEFAULTSORT:Rane Group of Companies Conglomerate companies established in 1929 Companies based in Chennai Conglomerate companies of India Indian brands Manufacturing companies established in 1929 Indian companies established in 1929