Rane (Madras) Limited
1,166.00
INR
-32.80
(-2.74%)
ISIN
INE050H01012
Return %
Stock
S&P 500
1Y
40.19
13.14
3Y
40.52
80.78
5Y
205.40
67.74
Capital Structure
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INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Harish Lakshman
- Full Time Employees
- 2,631
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- “MAITHRI”, 132, Cathedral Road Chennai TN India 600 086
- IPO Date
- Aug 30, 2005
- Website
- ranegroup.com
- Similar Companies
- Business
- Rane (Madras) Limited is an India-based company primarily engaged in the manufacture and distribution of steering and suspension systems for the automotive industry. The company offers a wide range of products including Manual Steering Gear Products (SGP), Suspension and Steering Linkage Products (SSLP), tie rod assemblies, drag link assemblies, center link assemblies, and gear shift ball joints. It operates manufacturing plants in Hyderabad, Trichy, and Tumakuru, producing valves for passenger cars, commercial vehicles, two-wheelers, farm tractors, and industrial applications including power generation and marine engines. The company serves original equipment manufacturers (OEMs) and the aftermarket segments, targeting the automotive and commercial vehicle industries across India and other markets. Founded in 2004 and headquartered in Chennai, Tamil Nadu, Rane (Madras) Limited is part of the larger Rane Group, a prominent automotive component supplier in India. In recent developments, the company has unified its aftermarket operations by merging multiple Rane entities under the single umbrella of the Aftermarket Products Division to enhance operational efficiency, focus, and speed of market delivery. This strategic consolidation supports an ambitious growth plan to double the aftermarket business within the next three years. The company is launching new product lines across eight categories, expanding its range of parts in the aftermarket segment. This move follows the impact of GST 2.0, which is expected to reduce product prices, increase demand, and help combat spurious parts in the Indian automotive aftermarket. Additionally, Rane (Madras) Limited has completed the merger of the erstwhile Rane Brake Lining Limited into the company, streamlining its operations further. The company continues to invest in engineering innovation and expanding its product portfolio to strengthen its position in both the OEM and aftermarket segments. Recent financial updates also note steady dividend payouts and ongoing management restructuring to support growth ambitions. Rane (Madras) Limited remains a significant player in the automotive components industry, focusing on steering and suspension systems, aftermarket product expansion, and operational consolidation to drive future growth and market competitiveness with a robust engineering and quality focus across India and beyond.