Rane Holdings Limited announced that Mr. L Ganesh, Chairman, has informed that he is retiring as Chairman from the operating entities of Rane Group, effective from close of business hours on March 31,2024 and he will continue to serve on the Board as a Non-Executive Director in these'entities. He will continue as Chairman and Managing Director of Rane Holdings Limited. Mr. Harish Lakshman will take over as Chairman of Rane Group, effective from April 01, 2024, and will continue on the Board of Rane Holdings Limited as Vice-Chairman and Joint Managing Director.

Mr. Harish Lakshman holds bachelor's degree in mechanical engineering from BITS, Pilani, and master's degree in business from Krannert School of Management at Purdue University, USA. He joined ZF Rane Automotive India (erstwhile Rane TRW Steering Systems) as AGM - Marketing in 1998. He held positions of increasing responsibilities in the areas of Marketing and Operations and became Managing Director in 2008.

Harish was involved in the corporate management of Rane Group from 2012 and became its Vice Chairman in 2017.