Rane (Madras) Limited
TWO BUSINESSES
Steering and Linkage Business
Light Metal Castings India Business
VISION
Steering and Linkage Business
“To be the leader in the domestic steering business & establish global presence”
Light Metal Castings India Business
“To be a Globally Preferred Supplier of Specialized Precision Light Weight Components”
HIGHLIGHTS
STEERING AND LINKAGE BUSINESS
Inception in 1960
Market Leader in India
4 Manufacturing Locations
Worldwide Exports
Technical Partnerships
Deming Prize in 2007
Access to best Technology
Deming Grand Prize (Formerly JQM) IN 2012
LIGHT METAL CASTINGS INDIA BUSINESS
Inception in 2006
Modern Machinery
2 Manufacturing Locations
Preferred OEM Supplier
Diverse Portfolio
Integrated Facility
Certified with ISO / TS 16949 : 2009 & ISO 9001 : 2008 & ISO/IEC 27001:2013
PROFILE
STEERING AND LINKAGE BUSINESS
Manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors
Inception of manufacturing facilities in the year 1960
LIGHT METAL CASTINGS INDIA BUSINESS
Incepted in the year 2006 to capitalise market opportunities for light metal casting solutions
Steadily gained market share with cost effective, on time supplies
Branched into Hydraulic products (HSU and Cylinder) for Farm Tractors and Commercial Vehicle segment
Best in class manufacturing facilities
Services include design, development and machined light metal casting components & sub – assemblies
Clientele cover auto industry, Luminaries and engineering sector
Holds major market share in India both in Manual steering gear systems & suspension systems
DESIGN
STEERING AND LINKAGE BUSINESS
Core design philosophy of “getting it right the first time”
Contemporary computer aided engineering and design applications
Finite element analysis for all critical parts
Vehicle steering system analysis to simulate real life conditions
LIGHT METAL CASTINGS INDIA BUSINESS
Recently developed a new production line for EPAS & Power Rack and Pinion housings to TRW
Capabilities include tooling development and product-process optimization
TECHNOLOGY
STEERING AND LINKAGE BUSINESS
The journey to continuously enhance product life and reliability has seen various initiatives in deploying appropriate product and process technologies. The focus areas are
LIGHT METAL CASTINGS INDIA BUSINESS
The division has a fully equipped plant for Aluminum HPDC castings & machining / sub assembly line
- Reducing friction
- Sealing
- Light weighting
- Reducing need for service
Ball joints for a wide application catering
- Greased-for-life maintenance free design
- Controlled torque for optimum application
- Corrosion-free with specialized coatings
Manual and Mechanical Steering systems with
- Low friction features for controlled torque output
- Specially manufactured components for enhanced product life
- High environment resilience through the use of specialized seals and coatings
- Die casting process with Partial Squeeze pin technique & Vacuum assisted.
- Process thermally regulated with die temperature controller.
- Raw material control with Spectro analyser & degassing to minimize gas porosity.
- Fully automated and computer controlled Horizontal & Vertical machining centers.
- Online SPC in Machining lines for critical characteristics.
- Leak Test machines with in-house impregnation plant, for leak proof parts.
- High pressure washing machines to eliminate contamination.
- Lean Manufacturing with single piece flow and packing at the end of line.
R & D CAPABILITIES
STEERING AND LINKAGE BUSINESS
- Comprehensive design facilities to simulate varied environmental scenarios
- State-of-the-art test facility to validate product feature parameters, functional parameters, endurance and environmental integrity
LIGHT METAL CASTINGS INDIA BUSINESS
- Comprehensive design facilities to simulate varied environmental scenarios
- State-of-the-art test facility to validate product feature parameters, functional parameters, endurance and environmental integrity
MANUFACTURING
The production plants at Chennai, Mysuru, Puducherry each address a specific industry segment. Independent manufacturing cells produce specialised high end components.
Steering and Linkage Business
Varanavasi (Chennai) plant
Light Commercial vehicle, Heavy Commercial vehicle and Utility vehicles segments
Mysuru plant
Tractor and Commercial vehicle segments, and Hydraulic products
Puducherry plant
Passenger car segments
Rudrapur plant
Caters specifically to the customers in the North of India
Light Metal Castings India Business
BOLLARAM (HYDERABAD) PLANT
Fully equipped plant for Aluminium HPDC castings & machining/sub-assembly line
SADASIVAPET (HYDERABAD) PLANT
Fully equipped plant for Aluminium HPDC castings & machining/sub-assembly line
Automated and high power casting lines includes
- UBE machines ranging from 650 to 900 Tons
- Buhler machine of 530 Tons
- Fully automated die casting process with Partial squeeze pin technique, Vacuum assisted casting proces
- Thermally regulated die temperature control
- Addition of a new machining line to the casting shop
- Raw material control with Spectro analyser and Degassing to ensure gas free castings
Modern machine shop includes
- Fully automated and computer controlled Vertical & Horizontal machining centres
- Online SPC in Machining lines for critical characteristics
- High pressure washing machines to eliminate contamination, Leak free parts with in-house impregnation plant
- Lean Manufacturing with single piece flow and packing at the end of line
QUALITY
Steering and Linkage Business
IS0/TS 16949:2002 certificationsfor each of its manufacturing locations
IS0 14001 certified plants
OHSAS 18001 certified
Deming Prize winner in the year 2007
Deming Grand Prize winner (formerly JQM) in the year 2012
Broaden services to finishing, painting, integrating, assembling and delivering solutions
Enhance High Pressure Diecasting, Machining/sub-assemblies
Light Metal Castings India Business
Broaden services to finishing, painting, integrating, assembling and delivering solutions
Enhance High Pressure Diecasting, Machining/sub-assemblies
TESTING & VALIDATION
Steering and Linkage Business : Facilities
The testing capabilities at RML reflect the company’s commitment to deliver products that bring with them a lifetime of safe, reliable performance
Independent testing facilities for each product division
Simulating of demanding and adverse conditions
Complete design validation tests
Tests for Steering Gears
Input torque test
Steering gears endurance test
Impact test
Rack and pinion endurance test
Light Metal Castings India Business : Facilities
The company follows stringent testing procedures for all its products. Testing facilities include
Radiographic machine for checking internal casting soundness
CNC CMM machine, Trimos for dimensional analysis
Hardness tester & Tensile tester for ensuring mechanical properties of castings
Clemex Macroscope for casting porosity analysis
Spectrometer for analyzing chemical composition of alloys
Tests for Steering Linkage & Suspension Linkages
Input torque test
Linkage buckling test
Ball joint performance (axial & radial end lift) test
Ball joint fatigue test
Dust seal muddy water test
Environmental Integrity test
High pressure car wash test
Test for Hydraulics
‘End of line’ performance testing
Endurance testing
A real time feedback for total control makes it possible to maintain high precision levels for various components.
INVESTORS
Financial Information
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| 2019-20 | |
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| 2016-17 | - | - | - | |
| Rating Company | Security - type | Amount (Rs.) in Crores | Credit Rating | Outlook | Status (Assigned/Re-affirmed/Revised/Withdrawan | Date |
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| CRISIL | Long term rating | 127.00 | A- | Negative | Re-affirmed | April 24, 2020 |
| Short term rating | 371.00 | A2+ | - | Re-affirmed | ||
| Commercial Paper | 40.00 | A2+ | - | Withdrawan | ||
| CRISIL | Long term rating | 127.00 | A- | Negative | Revised | April 15, 2020 |
| Short term rating | 371.00 | A2+ | - | Revised | ||
| CRISIL | Long term rating | 127.00 | A | Stable | Re-affirmed | September 25, 2019 |
| Short term rating | 276.00 | A1 | - | Re-affirmed | ||
| Commercial Paper | 40.00 | A1 | - | Assigned | ||
| ICRA | Long term rating | 331.50 | A | Stable | Withdrawan | February 26, 2019 |
| Short term rating | 25.20 | A1 | - | Withdrawan | ||
| Commercial Paper | 40.00 | A1 | - | Withdrawan |
Corporate Governance
Board of Directors
Mr. L Ganesh, Chairman
Mr. Harish Lakshman, Vice Chairman
Mr. L Lakshman
Mr. M Lakshminarayan
Ms. Anita Ramachandran
Mr. Pradip Kumar Bishnoi
Board Committees
Audit Committee
Mr. Pradip Kumar Bishnoi, Chairman
Ms. Anita Ramachandran
Mr. L Lakshman
Mr. M Lakshminarayan
Stakeholder’s Relationship Committee
Mr. L Lakshman, Chairman
Mr. Harish Lakshman
Mr. Pradip Kumar Bishnoi
Nomination and Remuneration Committee
Mr. M Lakshminarayan, Chairman
Mr. L Ganesh
Mr. L Lakshman
Ms. Anita Ramachandran
Corporate Social Responsibility Committee
Mr. L Lakshman, Chairman
Mr. L Ganesh
Ms. Anita Ramachandra
Corporate Governance
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| 2018-19 | NA | |
INFORMATION SENT TO STOCK EXCHANGES
INVESTOR GRIEVANCE REPORT
Archives
INFORMATION SENT TO STOCK EXCHANGES
14
Aug
19
Jun
12
Nov
21
Oct
INVESTOR INFORMATION
SCHEDULE:
| Period | Quarter | Earnings Conference call /Analyst Meet | Schedule /Invite | Earnings Presentations | Transcripts |
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| 2020-21 | Q3 | Earnings Conference call | |
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| 2020-21 | Q2 | Earnings Conference call | |
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| 2020-21 | Q1 | Earnings Conference call | |
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| Period | Quarter | Earnings Conference call /Analyst Meet | Schedule /Invite | Earnings Presentations | Transcripts |
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| 2019-20 | Q3 | Earnings Conference call | |
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| Year | Notice | Attendance Slip | Proxy Form | Voting Results | Scrutinizers Report | Summary of Proceedings /Transcripts | E-voting period | AD |
| 2020-21 (Postal Ballot) |
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– | – | Result |
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– | 18-Dec-20 to 16-Jan-21 (Postal Ballot) E-Voting Registration Doc’s for Inspection |
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| 2020-21 (AGM) |
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Transcripts |
04-Aug-20 to 06-Aug-20 (voting at AGM) E-Voting Registration |
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Archives
General Meeting
| Year | Notice | Attendance Slip | Proxy Form | Voting Results | Scrutinizers Report | Summary of Proceedings | E-voting period | AD |
| 2019-20 EGM |
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06-Dec-19 to 08-Dec-19 (poll at EGM) |
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21-Jul-19 to 23-Jul-19 (poll at AGM) |
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| 2018-19 | |
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22-Jul-18 to 24-Jul-18 (poll at AGM) |
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| 2017-18 | |
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21-Aug-2017 to 23-Aug-2017 (Poll at AGM) |
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| 2016-17 | |
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19-Jul-2016 to 21-Jul-2016 (Poll at AGM) |
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| 2015-16 | |
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28-Jul-2015 to 30-Jul-2015 (Poll at AGM) |
Postal Ballot
| Year | Notice | Form | Voting Results | Scrutinizers Report | Voting period |
| 2014-15 | |
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12-Nov-2014 to 11-Dec-2014 |
| Purpose | Period |
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Archives
| Purpose | Period |
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| Record date for Interim Dividend | July 17, 2019 (Wednesday) |
| Record date for Interim Dividend | February 01, 2019 (Friday) |
| Record date for Final Dividend | July 18, 2018 (Wednesday) |
| Record date for Interim Dividend | February 03, 2018 (Saturday) |
| Record date for Dividend | August 17, 2017 |
| Record date for Interim Dividend | February 03, 2017 |
| Record date for Interim Dividend | March 18, 2016 |
| Dividend & Annual General Meeting | July 24, 2015 to July 31, 2015 (both days inclusive) |
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| 2017-18 | |
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Details of shares liable to be transferred to IEPF Authority
Details of dividend transferred to IEPF Authority
Details of shares transferred to IEPF Authority
Details of Unclaimed / Unpaid Dividend
CONTACT INFORMATION
Rane Corporate Centre
“Maithri”, No. 132, Cathedral Road,
Chennai – 600 086.
Phone +91-44-28112472 / +91-44-42292410 Fax : +91-44-28112449
Email : investorservices@ranegroup.com
M/s. B S R & CO. LLP
KPMG, KRM Tower, 1st & 2nd Floor,
No 1, Harrington Road,
Chetpet, Chennai – 600 031,
India. Tel: +91 44 3914 5000
K Suresh Babu
Director
M/s Integrated Registry Management Services Private Ltd,
“Kences Towers”, 2nd Floor,
No 1, Ramakrishna Street, North Usman Road,
T Nagar, Chennai – 600 017.
Phone : +91-44-28140801-03 Fax : +91-44-28142479
Email : corpserv@iepindia.com
Website : www.integratedindia.in
- Name: Ms. S Subha Shree
- Designation: Company Secretary / Compliance Officer
- Email:investorservices@ranegroup.com
CONTACT
Key Contact Person
Steering and Linkage Business
Name : Aditya Ganesh
Function : Marketing
Email : aditya.ganesh@ranegroup.com
Rane (Madras) Limited
‘Ganapathi Buildings’
154 (Old No. 61), Velachery Road, Chennai – 600 042. India.
Phone : +91-44-42267800 Fax : +91-44-42267999
Key Contact Person
Light Metal Castings India Business
Name : D Sundar
Function : Business Head
Email : d.sundar@ranegroup.com