 | |
| Founded | 1929 |
|---|---|
| Headquarters | , India |
| Website | www |
The Rane Group is an Indian industrial conglomerate, headquartered in Chennai. Beginning as a dealer for automobile, trucks and auto-parts in Madras in the 1920s, Rane has grown to encompass ten different companies as of 2013.
According to the company's web site, its sales for fiscal 2012–13 were ₹ 52.36 billion (US$660 million). [1]
According to The Automotive Horizon the company has "dominat[ed] the domestic [Indian] auto component space" for "decades". [2]
In 2020 the group had manufacturing facilities in Chennai, Puducherry, Hyderabad, Mysore, Tumkur, Pantnagar, Bawal, Trichy, Sanand. [3] and Russellville, Kentucky
In late 2011 the group entered the defense and aerospace market by purchasing a 26% equity stake in SasMos HET Technologies Pvt Ltd. SasMos manufactures interconnection systems (cable harnesses) for various defence and aerospace purposes. [4] Group chairman L. Ganesh was quoted as saying that he foresaw "significant growth opportunities both in India and as an exporter." [4]
The Rane Group was, as of 2012, planning to establish a manufacturing plant outside India. [2] Group chairman L. Ganesh was quoted as saying: "We think the time has come to look beyond India, to see if there is more space to grow, and, if it makes sense to manufacture there as well. While our Tier-I products will still continue to be made with our joint venture partners, we are studying global markets to see if it’s feasible to manufacture our Tier-II products such as engine valves there." [2] [5] In 2011 the group planned to reinvest around ₹2,392 million, an increase from ₹2,173 million the previous year. [3] However, in September 2013 the group was reported to have scaled back from a planned investment of about ₹2.50 billion to ₹1.30 billion in both the previous and coming fiscal years, because of economic slowdowns. [6]
Moneycontrol.com ran a video story about "succession planning" in the Rane Group, and how "dynastic rules" are accepted in Indian business while they are opposed in politics. [7]
The BrahMos is a medium-range Ramjet Supersonic Cruise Missile that can be launched from submarine, ships, airplanes or land. The BrahMos is notably the fastest supersonic cruise missile in the world. It is a joint-venture between the Indian Defence Research and Development Organisation (DRDO) and the Russian Federation's NPO Mashinostroyeniya, who together have formed BrahMos Aerospace. The name BrahMos is a portmanteau formed from the names of two rivers, the Brahmaputra of India and the Moskva of Russia.
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies. It was founded by Henning Holck-Larsen and Søren Kristian Toubro, who were two Danish engineers taking refuge in India.
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.4 million) without any time or cost overrun.
The automotive industry in India is the fourth-largest by production in the world as per 2021 statistics. In 2022, India became fourth largest country in the world by valuation of the automotive industry. As of 2023, India is the third largest automobile market in the world in terms of sales.
Tamil Nadu is the second richest state economy in India. It is also the most industrialised state in the country. The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%. Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.
Chennai, the capital city of the state of Tamil Nadu, India, is the largest industrial and commercial center of South India. Recent estimates of the economy of the Chennai is around US$78.6-86 billion PPP GDP. The GCC area doesn't include the nearby industrial zones of Oragadam, Siruseri, Sriperumbudur, etc. After the expansion of Chennai's metropolitan Area by Government of Tamil Nadu in 2022, the economy of Chennai Metropolitan is estimated to be around $200 billion.
Chennai is nicknamed the "Detroit of Asia" due to the presence of major automobile manufacturing units and allied industries around the city.
Royal Enfield is an Indian multinational motorcycle manufacturing company headquartered in Chennai. The Royal Enfield brand, including its original English heritage, is the oldest global motorcycle brand in continuous production. The company operates manufacturing plants in Chennai in India.
Renault Nissan Automotive India Private Limited is the Indian joint venture of Renault and Nissan and part of the Renault–Nissan–Mitsubishi Alliance.
The BrahMos Aerospace is an Indo-Russian multinational aerospace and defense corporation, with core manufacturing concentrations in Cruise missiles. Headquartered in New Delhi, India, it was founded as a joint venture between the India's Defence Research and Development Organisation and NPO Mashinostroyenia of Russia. Company's name is a portmanteau formed from the names of two rivers, the Brahmaputra of India and the Moskva of Russia.
SRF Limited is an Indian multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. It has a workforce of more than 7,000 employees working across eleven manufacturing plants in India and one each in Thailand, South Africa and Hungary. The company exports to more than 90 countries.
Amara Raja Group, is an Indian multinational conglomerate company, headquartered in Tirupati, India. The group has a presence in the automotive battery business, packaged foods and beverages, electronics products manufacturing, infrastructure sector, power system production and fabrication of sheet metal products and fasteners. The Amara Raja Group is known for its automotive battery brand Amaron, the second largest selling automotive battery brand in India after Exide Industries.
Rane (Madras) Ltd is a part of the Rane group of companies involved in the manufacture and distribution of steering and suspension systems. The main components manufactured by the company include Manual Steering Gear Products (SGP) and Suspension & Steering Linkage Products (SSLP). The other products include tie rod assemblies, drag link assemblies, center link assemblies and gear shift ball joints. Automobile companies that use its products include Ashok Leyland, Volvo, M&M, Tafe, Tata among many others. Tata motors remains its major customer and is the primary parts manufacturer for Tata's Nano. The company has also set up a dedicated plant for Tata Nano in Sanand, Gujarat. The company was forced to change its manufacturing facility from West Bengal to Gujarat after Tata moved out.
Rane Engine Valve Limited is a part of Rane Group of companies involved in the manufacture of valves and valve train components for various engine applications. Incepted in the year 1959, it is one of the oldest engine valve manufacturers that caters in the auto industry. The company is headquartered in Chennai and has five manufacturing locations with 1 plant in Chennai, 2 in Hyderabad, 1 in Tumkur and a plant in Tiruchirapalli. It is the largest manufacturer of engine valves in India with an 30% market share.
Rockman Industries, formerly Rockman Cycles limited, is an Indian auto components manufacturer, based in New Delhi, India. The company is one of India's largest auto component manufacturers. Rockman Industries is primarily engaged in the manufacturing of aluminum die casting components, machined and painted assemblies, auto chains and parts. In January 2017, Rockman Industries entered the carbon composites sector with the acquisition of Moldex Composites, a UK-India carbon composite design and manufacturing company. Rockman was founded in 1960 and is led by Suman Kant Munjal, Chairman and Ujjwal Munjal, Managing Director.
Pricol Limited is an automotive components and precision engineered products manufacturer based in Coimbatore, India. It was founded in 1972 by the late V.N. Ramachandran and N.Damodaran, but started production in 1975. It manufactures automotive components for motorcycles, scooters, cars, trucks, buses, tractors and Off-road vehicles used in the construction and Industrial segment. Pricol also manufacture sintered components and products for fleet management. Vijay Mohan is the chairman, Vikram Mohan is the Managing Director and Vanitha Mohan is the vice chairman.
Anantharamakrishnan Sivasailam was an Indian industrialist, educationist, philanthropist and a former chairman and managing director of Amalgamations Group of Industries, a ₹ 70 billion conglomerate hosting a workforce of over 12,000. He headed the business family which was listed by Forbes as the 37th richest in India in 2015, with a net worth of US$ 2.5 billion. He was the president of the Society of Indian Automobile Manufacturers and ASSOCHAM and held the office of the Sheriff of Madras during 1969–1970. The Government of India awarded him the fourth highest civilian honour of the Padma Shri, in 2007, for his contributions to Indian industry.
Rane or Ranes may refer to:
Sundaram Finance Limited is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management, commercial finance, investment banking, private equity, treasury advisory, credit cards and infrastructure finance, among others.
Asahi India Glass Limited, known as AIS, is a glass solutions and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products. It also provides consumer glass offerings in the form of Glasxperts and Windshield Experts. AIS was established as a Joint Venture agreement between Mr. BM Labroo and family, Asahi Glass Co. Ltd., Japan, and Maruti Suzuki India Ltd. In the Indian passenger car glass segment, AIS has 77.1% market share as of 2017. AIS also holds 20% market share in India’s architectural glass segment as of 2017.