Rane Group has announced significant changes in its board, with L. Ganesh stepping down as Chairman from the operating entities, effective March 31, 2024, and Harish Lakshman is poised to assume the role of Chairman of the Rane Group, starting April 1, 2024.
L. Ganesh will continue to serve as a Non-Executive Director on these boards while maintaining his position as Chairman and Managing Director of Rane Holdings Limited. In light of these developments, Harish Lakshman is poised to assume the role of Chairman of the Rane Group, starting April 1, 2024.
This strategic shift underscores the group’s commitment to ensuring seamless leadership transitions and robust governance practices in response to the changing dynamics of the market. The Rane Group is a leading industrial conglomerate in India with a rich legacy spanning over five decades.
Founded in 1929, the group has grown into a diversified entity with interests in automotive, engineering, and non-automotive sectors. The group’s automotive division is a prominent player in the auto component industry, specializing in products like steering and suspension systems, friction materials, and valve train components.
With a strong focus on innovation, quality, and customer satisfaction, the Group has established itself as a trusted partner to leading automotive manufacturers worldwide. The group’s engineering division offers high-precision products and services to various industries, including aerospace, defense, and energy.
Committed to sustainable growth and social responsibility, the Group has implemented several initiatives focused on environmental conservation, community development, and employee welfare. With a dedicated workforce and a commitment to excellence, the Rane Group continues to drive innovation and deliver value to its stakeholders.
