Rane Holdings Limited Announces Change in Management, Effective February 01, 2022
November 02, 2021 at 05:57 am
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The Board of Directors of the Rane Holdings Limited at their meeting held (November 02, 2021) have inter alia, based on the recommendations of the Nomination & Remuneration Committee and approval of Audit Committee, appointed Mr. MAP Sridhar Kumar, as Chief Financial Officer (CFO) of the Company effective February 01, 2022 and noted the transfer of Mr. J Ananth effective closure of business hours on January 31, 2022. Mr. MAP Sridhar Kumar, is a qualified Chartered Accountant, and has over 26 years o professional experience in diverse areas in accounting and financial management field. He is associated with Rane group since 1997 and currently the CFO of Rane Brake Lining Limited Subsidiary Company. His areas of expertise include Strategic Business Planning Budgeting, Cost controls, Optimising Tax benefits, Management Information Systems Treasury Management etc.
Rane Holdings Limited is an India-based company, which is engaged in the manufacturing and marketing of automotive components for the transportation industry. It also provides consultancy and other services. It manufactures steering and suspension systems, friction materials, valve train components, occupant safety systems, light metal casting products and connected mobility solutions. Its steering and suspension systems include manual steering gears, steering linkages, suspension components, and hydraulic products. Its valve train components include engine valves, valve guides and mechanical tappets. Its friction material product includes brake linings, disc pads, clutch facings, sintered brake pads and others. Its occupant safety systems include seat belts, such as pretensioner, emergency locking retractors and others. It serves various industries, including Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Railways and Stationary Engines.