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{{Use dmy dates|date=April 2021}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = Rane Engine Valve Limited
| logo = Rane Group Logo.jpg
| type = Public company
| traded_as = {{BSE|532988}}, {{NSE|RANENG}}
| genre =
| fate =
| predecessor =
| successor =
| founded = 1959
| founder = Lakshmana Iyer Lakshminarayan
| defunct =
| location_city = [[Chennai]]
| location_country = India
| locations =
| area_served =
| key_people = L. Ganesh (Chairman)<br /> K Murali Rajagopalan(President)
| industry = [[Automotive industry|Automotive]]
| products = Engine valves, valve guides and tappets
| services =
| revenue =
| operating_income = {{INRConvert|26.27|b}} (FY2012-13)
| net_income =
| aum =
| assets = {{INRConvert|25.108|b}} (2012)
| equity =
| owner =
| num_employees =
| parent = Rane Holding Limited
| divisions =
| homepage = {{URL|http://ranegroup.com/rane-engine-valve-limited/}}
| footnotes =
}}
'''Rane Engine Valve Limited''' is a part of [[The Rane Group of Companies|Rane Group of companies]] involved in the manufacture of [[Poppet valves|valves]] and [[valve train]] components for various engine applications. Incepted in the year 1959, it is one of the oldest engine valve manufacturers<ref>
{{cite web
|url = http://www.automotiveproductsfinder.com/APFCONTENT/articles/the-first-engine-valve-available-in-the-indian-market-was-launched-by-rane.php
|title = The first engine valve available in the Indian market was launched by Rane
|date = January 2011
|accessdate =
|publisher = Automotive Products Finder
|url-status=dead
|archiveurl = https://archive.today/20130711022625/http://www.automotiveproductsfinder.com/APFCONTENT/articles/the-first-engine-valve-available-in-the-indian-market-was-launched-by-rane.php
|archivedate = 11 July 2013
}}
</ref> that caters in the [[auto industry]]. The company is headquartered in [[Chennai]] and has five manufacturing locations with 1 plant in [[Chennai]], 2 in [[Hyderabad, India|Hyderabad]], 1 in [[Tumkur]] and a plant in [[Tiruchirapalli]].<ref>
{{cite web
|url=http://www.business-standard.com/article/press-releases/rane-engine-valves-unveils-production-centre-108012501082_1.html
|title=Rane Engine valve's new production centre
|date=25 January 2008
|accessdate=
|publisher=Business standard
}}
</ref> It is the largest manufacturer of engine valves in India with an 30% market share.<ref>
{{cite web
|url=http://www.motorindiaonline.in/component/ranes-special-focus-on-innovation-to-meet-challenges-ahead/
|title=Meeting the challenges ahead
|date=25 August 2012
|accessdate=
|publisher=MotorIndia
}}
</ref>

The company offers its products to companies engaged in the manufacture of [[Automobile|passenger cars]], utility vehicles, [[light commercial vehicles]], medium and heavy commercial vehicles, [[Tractors|farm tractors]], and [[Motorcycle|two]] and [[Three-wheeler|three wheelers]], typically from motor cycles to marine engines.<ref>
{{cite web
|url=http://www.financialexpress.com/news/rane-group-to-supply-valve-guides-to-yamaha-taiwan/107971/1
|title=Rane Group To Supply Valve Guides To Yamaha, Taiwan
|date=11 June 2004
|accessdate=
|publisher=The Financial express
}}
</ref> [[Volkswagen]], [[Deutz-Fahr|Deutz]]. It recently inaugurated its dedicated Lean Manufacturing Practices (LPS) line for Mahindra and Mahindra's Farm Equipment Sector in its Chennai plant.<ref>
{{cite web
|url=http://machinist.in/index.php?option=com_content&task=view&id=2709&Itemid=52
|title=New LPS line for M&M Farm Equipment Sector
|date=21 April 2010
|accessdate=
|publisher=Machinist
}}
</ref> It also has a dedicated line for manufacturing valves for kappa engines of Hyundai motor.<ref>
{{cite web
|url=http://www.indianexpress.com/news/rane-to-manufacture-valves-for-hyundai/582326/
|title=New line for Hyundai's Kappa Engine
|date=21 September 2012
|accessdate=
|publisher=The Indian Express
}}
</ref>

The company has an Export market.<ref>
{{cite web
|url=http://www.frost.com/sublib/display-market-insight.do?id=8011194
|title=Export potential of Indian auto component industry
|date=11 November 2003
|accessdate=
|publisher=Frost and sullivan
}}
</ref> About 30% of its turnover comes from export and the export markets include Europe, North America, and the Far East. The company was all ready to set up an Export-oriented unit (EOU) near [[Visakhapatnam]],<ref>
{{cite web
|url=http://www.thehindubusinessline.com/todays-paper/tp-corporate/rane-engine-valves-eou/article2175833.ece
|title=Rane Engine valve EOU
|date=27 April 2005
|accessdate=
|publisher=The Hindu Business Line
}}
</ref> but the plan was dropped later.<ref>
{{cite web
|url=http://www.domain-b.com/industry/auto_ancillaries/20051118_rethinks.html
|title=Rane Engine valve drops vizag EOU
|date=18 November 2005
|accessdate=
|publisher=Domain-b.com
}}
</ref>

== History ==

Rane group of companies was founded by Shri T. R. Ganapathy Iyer in the year 1929 and the group was originally named as [[Rane (Madras) Ltd|Rane Madras (Ltd)]].<ref>
{{cite web
|url=http://www.thehindu.com/todays-paper/tp-features/tp-metroplus/the-real-dharma-of-industry/article2748042.ece
|title=The real dharma of Industry
|date=26 December 2011
|accessdate=
|work=The Hindu
}}
</ref> It started off as a distributor of [[automobiles]] and parts. After his death, the business was taken over by his son-in-law Lakshmana Iyer Lakshminarayan, popularly known as LLN, among friends and business circles. Under the leadership of LLN, the company was shaped into an auto-component business house. LLN remained as the [[Entrepreneur|founder chairman]] of the group for over three decades.<ref>
{{cite web
|url=http://www.accessmylibrary.com/article-1G1-69185829/india-chairman-emeritus-rane.html
|title=Chairman Emeritus of Rane group-L.L. Narayan
|date=15 January 2001
|accessdate=
|publisher=Access my Library
}}
</ref>

;Early History
The company was incorporated in 1954 in [[Chennai]]. The main objective of the company is to manufacture of valves for [[internal combustion engines]] and ATE valves for [[Mercedes-Benz]]. It started with a technical collaboration with Farnborough Engineering Company Ltd. that lasted for over a decade till 1973. The valves are to be marketed under the trade name "EVL". In 1959, it established the first IC engines valve plant in chennai. In the year 1973, the company entered into a technical collaboration agreement with Kar Valves Ltd. (formerly Cochin State Power & Light Corpn. Ltd.), for the export of technical know-how and assistance for the manufacture of valves for internal combustion engines.<ref>
{{cite web
|url=http://economictimes.indiatimes.com/rane-engine-valves-ltd%28old%29/infocompanyhistory/companyid-13766.cms
|title=Company history-Rane Engine Valve Ltd
|date=
|accessdate=
|publisher=The Economic Times
}}
</ref>

;Recent
Rane Engine Valve Limited was formed after Engine Valves Limited (EVL) was merged with its 100% subsidiary Engine Components Ltd (ECL) in the year 1999. The reverse merger, effective from FY99 is expected to benefit the new entity, reducing its tax liability, because of the carry forward losses of ECL.<ref>
{{cite web
|url=http://www.hindu.com/2007/08/21/stories/2007082161311600.htm
|archive-url=https://web.archive.org/web/20071202023715/http://www.hindu.com/2007/08/21/stories/2007082161311600.htm
|url-status=dead
|archive-date=2 December 2007
|title=Rane Group consolidation exercise of merger, demerger and amalgamation.
|date=21 August 2007
|work=[[The Hindu]]
|accessdate=
}}
</ref> Rane Engine Valve Limited now has a more diversified product portfolio, absorbing the products of the 2 merging companies. It manufactured guides for internal combustion engines, engine [[camshafts]] and [[tappet]]s, all catering to the [[automobile industry]].<ref>
{{cite web
|url=http://articles.economictimes.indiatimes.com/2011-06-17/news/29670143_1_rane-group-capex-chennai
|archive-url=https://web.archive.org/web/20120102171943/http://articles.economictimes.indiatimes.com/2011-06-17/news/29670143_1_rane-group-capex-chennai
|url-status=dead
|archive-date=2 January 2012
|title=Capex spend of Rane Engine Valve Ltd increases
|date=17 June 2011
|accessdate=
|publisher=The Economic Times
}}
</ref> The company is the largest manufacturer of engine valves in India with an 85% market share. The company was taken over by RANE HOLDINGS LIMITED and it was delisted from [[Bombay Stock Exchange]] on 15 February 2008.<ref>
{{cite web
|url=http://listofcompanies.co.in/rane-engine-valves-ltd/
|title=Company Profile-Rane Engine Valve Ltd
|date=
|accessdate=
|publisher=Worldwide Company Profile
}}
</ref>

Today, the company has five plants. The plants in [[Alandur]] (Chennai), [[Medchal]] (Hyderabad), Aziz Nagar (Hyderabad) and [[Trichy]] are involved in the manufacture of Engine Valves and the plant in [[Ponneri]] (Chennai)is involved in the manufacture of Guides and Tappets.

==Awards and recognition==

* The company was awarded ISO 14001 certification from RWTUV, Germany, for its environment management policy and systems in all its five manufacturing locations in the year 2002.<ref>
{{cite web
|url=http://www.accessmylibrary.com/article-1G1-85401831/rane-engine-gets-iso.html
|title=Rane Engine valve Limited gets ISO 14001 for all its manufacturing locations.
|date=21 March 2002
|accessdate=
|publisher=Access my library
}}
</ref>
* The company received the QS 9000 certification from RWTUV, Germany in 2000.<ref>
{{cite web
|url=http://www.accessmylibrary.com/article-1G1-65025091/india-rane-engine-valve.html
|title=Rane Engine valve limited gets QS 9000 from RWTUV, Germany
|date=6 September 2000
|accessdate=
|publisher=Access my library
}}
</ref>
* It also has ISO/TS 16949-2002 and ISO/TS 16949:2009 awarded during the years 2004 and 2010 respectively.
* Wins the Volkswagen Group Best Supplier Award for 2008.<ref>
{{cite web
|url=http://www.moneycontrol.com/news/business/rane-engine-valve-wins-volkswagen-group-award-for-2008_341756.html
|title=Rane Engine Valve Limited gets Volkswagen Group Best Supplier Award
|date=9 June 2008
|accessdate=
|publisher=Money Control
}}
</ref>
* Awarded the ''Best in Class Performance in Quality PPM'' award by [[Ashok Leyland]] during the year 2010–11
* Awarded ''Pancharatna Award'' for Best Supply Chain Management by [[Mahindra and Mahindra]] (2010–11)
* The company received the `Best Supplier Award' from Deutz AG of Germany.<ref>
{{cite web
|url=http://www.thehindubusinessline.in/2003/06/13/stories/2003061301650200.htm
|title=Rane Engine Valve Limited gets Deutz Best Supplier Award
|date=13 June 2003
|accessdate=
|publisher=Money Control
}}
</ref>

== References ==

{{Reflist}}

{{Automotive industry in India}}

[[Category:Manufacturing companies based in Chennai]]
[[Category:Auto parts suppliers of India]]
[[Category:1959 establishments in Madras State]]
[[Category:Indian companies established in 1959]]
[[Category:Manufacturing companies established in 1959]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Rane Engine Valve Limited - Revision history

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