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Rane Holdings Limited

Rane Holdings Limited (RHL) is the holding company of Rane Group. RHL is a listed company with investments exclusively in the group companies. The conclusion of the restructuring exercise within the Group has achieved complete elimination of cross-holdings among group companies, as envisaged.

RHL owns the trademark in Rane and provides a range of services to group companies. These include employee training and development, investor services, business development and Information systems support.

Rane Group Structure

Our Businesses

Rane (Madras) Limited

ZF Rane Automotive India Private Limited

Rane Steering Systems Private Limited

Sales Figures

GROUP SALES OF INR 7,413 CR (~ USD 870 mn)

  • 59%

    Steering & Suspension Components

  • 20%

    Occupant Safety Products

  • 10%

    Brake Components

  • 07%

    Engine Components

  • 03%

    Light Metal Casting Products

  • 01%

    Others

Corporate Governance

Board Of Directors

Mr. L Ganesh

Chairman

Mr. Harish Lakshman

Vice Chairman

Mr. Pradip Kumar Bishnoi

Dr Brinda Jagirdar ​

MM Murugappan

Mr M M Murugappan

Mr. Rajeev Gupta

Chairman Emeritus

Mr. L.Lakshman

Mr. L Ganesh
Chairman

Mr L Ganesh (LG) is the Chairman and Managing Director of Rane Holdings Limited. LG
is a Chartered Accountant and holds an MBA from the Pennsylvania State University,
USA.

He has over 48 years of Industry experience and has played a key role in establishing
strong footprint in global markets and winning the coveted Deming award. At the national
level, LG has been an articulate spokesman for the automotive industry through his
involvement with various bodies.

He was the President of Automotive Component Manufacturers Association of India and
also the President of Madras Management Association. He was the Chairman of the
Confederation of Indian Industry (CII), Southern Region. Presently, he is an Honorary
Consul for New Zealand in South India.

In addition to being a Director in Rane group of Companies, LG serves as an
Independent Director in Sundaram Finance Limited. LG is also the Chairman of Chennai
Willingdon Corporate Foundation and Chennai Heritage.

Mr. Harish Lakshman
Vice Chairman

Mr Harish Lakshman holds Bachelor’s degree in Mechanical Engineering from BITS,
Pilani, and Master’s degree in Business from Krannert School of Management at Purdue
University, USA.

With over 29 years of Industry experience, he has successfully been leading portfolios
like marketing, operations, export business development besides guiding the corporate
functions. He is driving the Rane Group’s mission to achieve accelerated profitable
growth.

He is an active member of several industrial associations and government panels and
has played a key role as President of Automotive Component Manufacturers Association
of India (ACMA) for the period 2013-14. He has also served as Chairman of CII – Young
Indians (Chennai Chapter). He has been identified and recognized as one among the top
40 India’s Business Leaders by Economic Times (2014).

He is currently the Vice Chairman & Joint Managing Director of Rane Holdings Limited.
He is also the Chairman of Rane Group of Companies. He also serves on the Board of all
the other Rane Group of companies including Rane Steering Systems Private Limited
and ZF Rane Automotive India Private Limited. He is also an Independent Director on the
board of Oriental Hotels Limited, a Tata group company, the KCP Limited and Lumax
Industries Limited.

Mr. Pradip Kumar Bishnoi

Mr. Pradip Kumar Bishnoi holds a Bachelors degree in Petroleum Engineering and a
Masters degree in Business Management from IIM, Ahmedabad besides having done
Management Programme at Oxford, UK and Programme on Utility Regulators at World
Bank, Florida University. USA.

He has an overall 45 plus years of experience in the areas of steel, natural gas, industrial
packaging, lubricants etc. In his career, he served as the Chairman & Managing Director
of Rashtriya Ispat Nigam Limited and also Managing Director of Balmer Lawrie & Co.
Limited. He is also a former member of Petroleum & Natural Gas Regulatory Board.

He was awarded Gold medal by Prime Minister for development work in the year 2008.
He is an avid regulator being member of Petroleum & Natural Gas Regulatory Board
since 2012 and was also on the Board of Standing Council of Public Enterprises as well
as World Steel Association.

He currently serves as an Independent Director in the Board of Rane Holdings Limited,
Rane (Madras) Limited, Avadh Sugar & Energy Limited and McNally Bharat Engineering
Company Limited.

Dr Brinda Jagirdar

Dr Brinda Jagirdar has a brilliant academic record with a Ph.D. in Economics from
University of Mumbai, M.S in Economics from University of California at Davis, USA,
M.A. in Economics from Gokhale Institute of Politics and Economics, Pune and B.A in
Economics from Fergusson College, Pune. She has attended an Executive Programme
at the Kennedy School of Government, Harvard University, USA and a leadership
programme at IIM, Lucknow.

She is a senior economist with specialisation in areas relating to Indian economy and
banking. She is a member of the Research Advisory Committee of Indian Institute of
Banking and Finance and also nominated by RBI as a member of the Depositor
Education and Awareness (DEA) Fund Committee. She is on the Governing Council of
Treasury Elite, a knowledge sharing platform for finance professionals and a member,
Managing Committee of the All India Bank Depositors Association of the Forum of Free
Enterprise, Banking and Finance Committee of the Indian Merchants Chamber.She
retired as General Manager & Chief Economist from SBI, Corporate Centre Mumbai.

Dr Brinda Jagirdar was recognised as among India’s Top 100 Women in Finance by the
Association of International Wealth Management of India in 2019. She was associated
with the Raguram Rajan Committee on Financial Sector Reforms in India, was a member
of the Planning Commission’s sub group on Household Sector Savings for the 12th Five
Year Plan and a member of the Ministry of Finance Group on Deepening India’s
Household Financial Savings.

She was also a member of Banking, Finance & Economics Committee of Bombay
Chamber of Commerce, member of the Monetary Policy Group of Indian Banks’

Association and editorial committee member of the journal of the Indian Banks’
Association. She had participated and presented papers at several seminars &
conferences and a sought after speaker on topics relating to economy and banking. She
is a frequent panellist on various business channels and contributes to columns in
business newspapers.

Dr Brinda Jagidar, is a Director of SBI DFHI Limited, Maha ARC Limited. She is
associated with Rane Group since October 24, 2014, when she joined the Board of
REVL as an Independent Director.

Mr. M M Murugappan

Mr. M M Murugappan holds a bachelor’s and master’s degree in chemical engineering
from the University of Madras and the University of Michigan respectively. He is a
member of several industry and professional bodies, is a keen philanthropist and serves
as a trustee of the AMM Foundation and mentors innovators and future leaders as a
board member of the IIT Madras Research Park.

He currently serves as a Chairman across many companies, including Carborundum
Universal Limited, Cholamandalam MS General Insurance Company Limited and
Cholamandalam Financial Holdings Limited and is a Non-Executive Chairman on the
Board of Cyient. He is also on the Board of Messrs Carsons Cumberbatch, Srilanka.

He was the Executive Chairman of the Murugappa Group and served on the Boards of
multiple companies within the group. He is a former Independent Director of Mahindra
and Mahindra Limited.

Mr. Rajeev Gupta

Rajeev Gupta is qualified in B. Tech graduate from IIT, Varanasi and holds a Masters’
degree in Business Administration (MBA) from IIM, Ahmedabad.

Rajeev, a veteran investment banker, has over 36 years of rich experience in the fields of
manufacturing, investment banking and private equity including 10 years of senior
management roles in industrial businesses.

He was the CEO of Cosmo Ferrites Ltd and was credited with having turned around the
firm from financial distress. He was the Global partner of The Carlyle Group and the India
Head of Asia Buyout Fund from 2005 to 2011. He has also served as the M & A Head
and former Board member of DSP Merrill Lynch Ltd.

He is currently the Managing Director of M/s. Arpwood Capital Private Limited, a boutique
investment banking and advisory firm founded by him. He is also the Chairman of
Vardhman Special Steels Limited and is currently on the Board of T.V. Today Network
Limited, Indian Energy Exchange Limited, Pidilite Industries Limited.

Mr. L.Lakshman
Chairman Emeritus

Mr. L Lakshman (LL) is a Mechanical Engineer from the PSG College of Technology, University of Madras and an alumnus of London Business School, UK.

He has more than 54 years of industry experience and provides guidance and mentorship to the management and advisory support in initiatives of strategic importance to the Rane Group’s future growth plans.

He has been instrumental in institutionalising Total Quality Management (TQM) across the group companies and won the prestigious Deming Grand Prize (Japan Quality Medal), the highest milestone of TQM. LL was also awarded the Jamsetji Tata Award by the Indian Society for Quality in 2012.

He has been associated with Rane Group in various capacities for over 5 decades. He is an acknowledged leader in the auto component industry and served on the boards across Rane group. Currently, he oversees the CSR initiatives of the Group and actively pursued the social projects and established Rane Polytechnic Technical Campus in 2008 and Rane Vidyalaya in 2018.

Apart from being a former president of ASSOCHAM, ACMA and Madras Chamber of Commerce, LL has also been an active member in various industry forums.

He is currently the Chairman Emeritus of Rane Holdings Limited.