Rane Holdings Ltd Description

Rane Holdings Ltd was established in the year 1929 and has its headquarters in Chennai. The company manufactures, supplies, and markets automotive components for the transportation industry in India. They offer steering and suspension systems comprising manual steering gears, steering linkages, suspension components, hydraulic products, hydraulic power steering systems, and steering columns and electric power steering products. The company also provides friction material products, such as brake linings, disc pads, composite brake blocks, clutch facings, and brake pads; seat belt systems, air bags andhigh pressure aluminum die casting products. Their aftermarket products consisting of chassis parts and engine parts It serves automobile industries comprising passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, three-wheelers, multi-utility vehicles, and farm tractors. 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. It 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. The company's range of products includes steering and suspension systems, friction materials, valve train components, occupant safety systems, aluminum diecast components and aftermarket products. It is a mid Cap company (having a market cap of Rs 3112.21 Crore) operating in Finance sector.