Rane Steering Systems Private Limited

This company manufactures steering columns and related components for various vehicles.

1995 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Rane Steering Systems Profile

Key Indicators

  • Authorised Capital ₹ 18.00 Cr
  • Paid Up Capital ₹ 17.90 Cr
  • Company Age 29 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 350.75 Cr
  • Satisfied Charges ₹ 48.16 Cr
  • Revenue Growth 5.91%
  • Profit Growth -52.38%
  • Ebitda -26.79%
  • Net Worth -96.76%
  • Total Assets -1.68%

About Rane Steering Systems

Rane Steering Systems Private Limited (RSSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 March 1995 and has a history of 29 years and 11 months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Rane Nsk Steering Systems Limited. The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 18.00 Cr and a paid-up capital of Rs 17.90 Cr.

The company currently has active open charges totaling ₹350.75 Cr. The company has closed loans amounting to ₹48.16 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rane Steering Systems Private Limited India is Sethuraman Venkatesan as COMPANY SECRETARY. Ganesh Lakshminarayan, Harish Lakshman, and Brinda Jagirdar serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ranegroup.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U29141TN1995PTC030621

  • Company No.

    030621

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Mar 1995

  • Date of AGM

    14 Jun 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Automotive

What products or services does Rane Steering Systems Private Limited offer?

Rane Steering Systems Private Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Automotive Gears, Steering Parts & Components, Steering Parts, Engine & Engine Spare Parts, Engine Valve Guide, Tie Rod Ends, Automotive Components, Metal Joints, Ball Joint.

Who are the key members and board of directors at Rane Steering Systems?

Executive Team (1)

NameDesignationAppointment DateStatus
Sethuraman Venkatesan Country flag representing In Company Secretary27-Apr-2016Current

Board Members (3)

NameDesignationAppointment DateStatus
Harish Lakshman Country flag representing In Nominee Director 01-Jan-2002Current
Brinda Jagirdar Country flag representing In Additional Director 20-Sep-2024Current
Ganesh Lakshminarayan Country flag representing In Nominee Director 22-Mar-1995Current

Financial Performance of Rane Steering Systems.

Rane Nsk Steering Systems Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 5.91% increase. The company also saw a substantial fall in profitability, with a 52.38% decrease in profit. The company's net worth observed a substantial decline by a decrease of 96.76%.

Rane Steering Systems revenue growth over time
Rane Steering Systems profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
5.91%
Revenue from Operations
5.45%
Total Assets
-1.68%
Profit or Loss
-52.38%
Net Worth
-96.76%
EBITDA
-26.79%

What is the Ownership and Shareholding Structure of Rane Steering Systems?

In 2023, Rane Steering Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹350.75 Cr

Satisfied Charges

₹48.16 Cr

Charges Breakdown by Lending Institutions

  • Others : 350.00 Cr
  • Ford India Limited : 0.75 Cr

Latest Charge Details

DateLenderAmountStatus
06 Sep 2024Others₹350.00 CrOpen
10 Sep 1999Ford India Limited₹7.53 MOpen
23 May 2008The Bank Of Tokyo - Mitsubishi Ufj Ltd₹8.50 CrSatisfied
22 Nov 2006Mizuho Corporate Bank Limited₹2.00 CrSatisfied
25 Nov 2004The Bank Of Tokyo Mitsubishi Ufj Ltd₹4.23 CrSatisfied

How Many Employees Work at Rane Steering Systems?

Rane Steering Systems has a workforce of 1020 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Rane Steering Systems Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rane Steering Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rane Steering Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Rane Steering Systems

Recent activity within the organization

  • Director Appointment

    Brinda Jagirdar was appointed as a Additional Director was appointed as a Additional Director on 20 Sep 2024 & has been associated with this company since 5 months 15 days .

  • Charges

    A charge with Others amounted to Rs. 350.00 Cr with Charge ID 100972519 was registered on 06 Sep 2024.

  • Annual General Meeting

    Rane Steering Systems Private Limited last Annual general meeting of members was held on 14 Jun 2024 as per latest MCA records.

  • Balance Sheet

    Rane Steering Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Sethuraman Venkatesan was appointed as a Company Secretary was appointed as a Company Secretary on 27 Apr 2016 & has been associated with this company since 8 years 10 months .

  • Charges

    A charge registered on 19 Jan 1998 via Charge ID 90288917 with Mizuho Corporate Bank Limited was fully satisfied on 16 Mar 2011.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Rane Steering Systems Private Limited?

    Rane Steering Systems Private Limited was incorporated on 22 Mar 1995.

  • What is authorized share capital and paid-up capital of Rane Steering Systems Private Limited?

    The authorized share capital of Rane Steering Systems Private Limited is ₹ 18.00 Cr and paid-up capital is ₹ 17.90 Cr.

  • Who are the current board members & directors of Rane Steering Systems Private Limited?

    Currently 4 directors are associated with Rane Steering Systems Private Limited.

    • Ganesh Lakshminarayan
    • Harish Lakshman
    • Brinda Jagirdar
    • Sethuraman Venkatesan

  • What is the registered address of Rane Steering Systems Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rane Steering Systems Private Limited is 'Maithri' 132, Cathedral Road India, Madras, Tamil Nadu, 600086.

  • What is the corporate identification number (CIN) and company number of Rane Steering Systems Private Limited?

    The corporate identification number (CIN) of Rane Steering Systems Private Limited is U29141TN1995PTC030621 and the company number is 030621 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rane Steering Systems Private Limited?

    The Official website of Rane Steering Systems Private Limited is https://www.ranegroup.com

  • What has been the recent revenue trend for Rane Steering Systems Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Rane Steering Systems Private Limited has risen by 5.91%.

  • How many employees does Rane Steering Systems Private Limited currently have?

    As Per 2023 financial reports, 1020 employees are currently employed by Rane Steering Systems Private Limited.

  • What change has been observed in the net worth of Rane Steering Systems Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Rane Steering Systems Private Limited has experienced an downturn of -96.76%.

  • What are the total open charges for Rane Steering Systems Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Rane Steering Systems Private Limited amount to ₹ 350.75 Cr.

  • When was the last Balance Sheet of Rane Steering Systems Private Limited filed with the ROC?

    The most recent Balance Sheet for Rane Steering Systems Private Limited was filed with the ROC on 31 Mar 2024.

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