Rane Group

Company Profile

■URL

http://www.rane.co.in/

■Address

"Maithri" 132, Cathedral Road, Chennai - 600 086, India

Business Overview

-The Group manufactures automobile components and serves a variety of vehicular markets including passenger cars, multi-utility vehicles, light commercial vehicles, medium & heavy-duty commercial vehicles, farm tractors, three-wheelers, and two-wheelers.

-With the modern manufacturing facilities across 23 locations in India and one in the USA, Rane Group’s products are sold across 30+ countries.

-The following is a list of Group companies which manufacture automotive components: (As of Mar. 31, 2018)
Company Main Product Ownership of the Company (%)
Rane Holdings Limited Holding company -
Subsidiaries
Rane (Madras) Limited Steering gear products, steering and suspension linkages, Die-cast products. Other article of aluminum 60.4
Rane Engine Valve Limited Engine valves, valve guides, tappets 51.1
Rane Brake Lining Limited Brake linings, disc pads, clutch facings and clutch buttons 46.1
Rane Holdings America Inc., USA Providing business development services in North American region for Rane Group companies 100.0
Rane Holding Europe GmbH, Germany Providing business development and other related support services for Rane Group companies in the European countries 100.0
Rane t4u Private Limited Analytics and solutions to telematics service
providers
69.4
Joint Ventures
Rane TRW Steering Systems Limited(Joint venture with ZF TRW Automotive) Hydraulic steering gear, Hydraulic pumps, Seat belt and Air Bag 50.0
Rane NSK Steering Systems Limited(Joint venture with NSK) Manual steering columns and electric power steering 49.0
JMA Rane Marketing Ltd (Joint venture with Jullundur Motor Agency (Delhi) Limited) Automotive component trading with Pan India dealer network 49.0

Shareholders

-Listed on Bombay Stock Exchange and National Stock Exchange of India. (As of March 31,2018)

Category

Shareholding Ratio (%)

Promoters

46.4

Individual shareholders

24.2

Mutual Funds

11.0

Indian Public and others

10.3

Insurance Companies

4.8

Non-Resident Indians

0.9

Others

2.4

Total

100.0

Products

Rane (Madras) Limited

Manual steering gears
-Recirculating ball type steering gears
-Rack and pinion type steering gears

Steering linkages
-Tie rod assemblies
-Drag link assemblies
-Center link assemblies
-Gear shift ball joints
-Outer ball joints
-Inner ball joints

Suspension components
-Lower control arms
-Lower & upper suspension ball joints
-Axle ball joints
-Stabilizer link ball joints

Hydraulic products
-Hydraulic cylinders

Die cast products
-Electric power assist steering housings
-Hydraulic pinion housings
-Steering pump housings
-Lamp housings
-Timing case covers
-Engine oil sumps
-Gear cases

Rane Engine Valve Limited

-Engine valves
-Valve guides
-Mechanical tappets

Rane Brake Lining Limited

-Brake linings
-Disc pads
-Clutch buttons
-Clutch facings
-Commercial vehicle brake pads
-Sintered brake pads

Rane TRW Steering Systems Limited

Steering gears
-Hydraulic power rack & pinion steering gear assemblies
-Power steering gear assemblies
-Power steering pump assemblies
-Power steering fluid

Occupant safety systems
-Seat belts
-Air bags
-Automatic Control Retractor (ACR)
-Seatbelt pretensioner

Rane NSK Steering Systems Limited

-Electric power steering columns
-Solid steering columns
-Energy absorbing & collapsible columns
-Tilt & telescopic steering columns
-Intermediate shafts
-Universal joint assemblies

History

1929 Rane was founded as a distributor of automobiles & parts.
1959 Diversified into manufacturing and established plant for IC Engine Valves.
1960 Established facility to make Tie Rod Ends.
1964 Started manufacture of Friction Material.
1974 Established Kar Mobiles Limited to manufacture Automotive and Large Valves.
1975 Started manufacture of Manual Steering Gears.
1987 Established JV with TRW for Power Steering Systems.
1991 Established JV with JMA for distribution of auto components.
1995 TRW JV also commenced manufacture of occupant restraints.
Established JV with NSK for Energy Absorbing Steering Columns.
Founded Rane Institute for Employee Development.
2005 Invested in High Pressure Die Casting products.
2007 Commissioned new facilities in Haryana and Uttaranchal.
2008 Rane NSK Steering Systems Ltd. commenced manufacturing of electric power steering.
2009 Rane NSK Steering Systems Ltd. established its third plant in Pantnagar, Uttarakhand.
2013 Rane Diecast Ltd. was integrated into Rane (Madras) Ltd.
May 2014 Merged Kar Mobiles Limited into Rane Engine Valve Limited.
Aug. 2015 Inaugurated new airbag manufacturing plant located adjacent to its seatbelt plant in Singaperumal Koil, Chennai,
Feb-2016 Started rack & pinion manufacturing facility at its Varanavasi plant
Aug-17 Acquisition of 70% shareholding in Bengaluru-based Telematics4U Services
Apr-18 Rane TRW Steering Systems, breaks ground for their new facility at Siruganur, Trichy

Supplemental Information 1