About Rane Group
Rane Group is a company based in Chennai (India) founded in 1929 by T R Ganapathy Iyer.. The company has 221 employees as of March 31, 2024. Rane Group has completed 2 acquisitions, including Precision Die Casting and Telematics4U. Rane Group offers products and services including Steering & Suspension Systems, Valve Train Components, Friction Material Products, Occupant Safety Systems, and Light Metal Casting Products. Rane Group operates in a competitive market with competitors including ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others.
- Headquarter Chennai, India
- Employees 221 as on 31 Mar, 2024
- Founders T R Ganapathy Iyer
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Rane (Madras) Limited
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Annual Revenue
$507.71 M (USD)23.69as on Mar 31, 2024
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Net Profit
$24.18 M (USD)67.42as on Mar 31, 2024
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EBITDA
$39.6 M (USD)0.47as on Mar 31, 2024
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Latest Funding Round
$7.04 M (USD), Post-IPO
Oct 21, 2019
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Investors
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Employee Count
221
as on Mar 31, 2024
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Investments & Acquisitions
Precision Die Casting
& 1 more
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IPO & Listings of Rane Group
Rane Group is a publicly listed company on the NSE with ticker symbol RML in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Rane Group
Rane Group offers a comprehensive portfolio of products and services, including Steering & Suspension Systems, Valve Train Components, Friction Material Products, Occupant Safety Systems, and Light Metal Casting Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Components for vehicle steering and suspension control
Parts for engine valve mechanisms and operations
Materials for brake linings and clutch facings
Systems for vehicle occupant protection
Castings for automotive light metal applications
Components for automotive aftermarket repairs
Funding Insights of Rane Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $7.0M
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First Round
First Round
(21 Oct 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Post-IPO - Rane Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Rane Group
Rane Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Precision Die Casting and Telematics4U. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Telematics solutions for vehicle tracking are provided by Telematics4U.
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2009 | ||||
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Provider of aluminium die cast solutions for steering & compressor housings
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1956 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rane Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rane Group Comparisons
Competitors of Rane Group
Rane Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ZF, Cummins, Cooper Standard, Schaeffler and Valeo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mobility systems are developed for cars, vehicles, and industrial uses.
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| domain | founded_year | HQ Location |
Manufacturer of gas-powered construction equipment
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| domain | founded_year | HQ Location |
Systems and components for the automotive industry are supplied worldwide.
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| domain | founded_year | HQ Location |
Manufacturer of bearings for the automotive industry
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| domain | founded_year | HQ Location |
Automotive products and services are supplied globally to automakers.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of major auto components to OEMs and tier 1 companies
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rane Group
Frequently Asked Questions about Rane Group
When was Rane Group founded?
Rane Group was founded in 1929 and raised its 1st funding round 90 years after it was founded.
Where is Rane Group located?
Rane Group is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Rane Group?
Harish Lakshman is the current CEO of Rane Group.
How many employees does Rane Group have?
As of Mar 31, 2024, the latest employee count at Rane Group is 221.
What is the annual revenue of Rane Group?
Annual revenue of Rane Group is $507.71M as on Mar 31, 2024.
What does Rane Group do?
Founded in 1929 and headquartered in Chennai, India, the company operates in the automotive sector. Steering and suspension systems, friction materials, valve train components, occupant safety systems, and die-casting products are produced for passenger vehicles, commercial vehicles, farm tractors, two-wheelers, and three-wheelers. These components are supplied to original equipment manufacturers globally.
Who are the top competitors of Rane Group?
What products or services does Rane Group offer?
Rane Group offers Steering & Suspension Systems, Valve Train Components, Friction Material Products, Occupant Safety Systems, and 2 more products and services.
Is Rane Group publicly traded?
Yes, Rane Group is publicly traded on NSE under the ticker symbol RML.
How many acquisitions has Rane Group made?
Rane Group has made 2 acquisitions, including Precision Die Casting, and Telematics4U.
What is Rane Group's ticker symbol?
The ticker symbol of Rane Group is RML on NSE.
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