Ganesh is likely one of the acknowledged leaders within the area of auto ancillary business. The septuagenarian chief, who served as a Chairman of the Rane Group for 17-odd years, will move on the baton to Harish Lakshman, eldest son of L Lakshman, elder brother of Ganesh.
Ganesh’s interval noticed Rane develop from energy to energy, constructing on the great basis established by his father L L Narayan (LLN) and brother Lakshman. It’s discovered that LLN turned Rane, which was primarily a buying and selling home, into an industrial enterprise with a number of state-of-the-art manufacturing items. Lakshman took cost because the Chairman of the Group in 1989.
Starting his profession as a Administration Trainee in Rane Engine Valves Ltd (REVL) in 1978, Ganesh progressively dealt with numerous tasks and rose to grow to be its Vice Chairman in 1994 and Managing Director in 2007.
Born on March 18, 1954, Ganesh — a chartered accountant who holds an MBA from Pennsylvania State College, USA — has shut to 5 a long time of business expertise and pioneered the TQM (complete high quality motion).
Due to Ganesh’s quest for high quality, three of Rane’s companies gained the coveted Deming Grand Prize underneath his management. He was additionally conferred with the distinguished Deming Award in recognition of his excellent contribution to the dissemination and promotion (abroad) of TQM in 2022.
Ganesh was the third Indian and fifth globally to be bestowed with this prestigious award for his contributions.
Ethics, integrity, professionalism and progress blended with monetary conservatism are described as hallmarks of Rane’s tradition.
Whereas Ganesh’s tenure noticed a number of enterprise cycles for the group corporations, Rane underneath Ganesh’s management efficiently operated the joint ventures amid the global-level restructuring of the companies of its JV companions.
His imaginative and prescient was to develop the enterprise increasingly more globally and with deepened focus, the group has progressively been rising its share of worldwide enterprise.
Throughout his tenure, the group’s income grew from ₹1,050 crore to about ₹7,200 crore, with exports doubling from to 24 per cent. Ganesh is assured that the share will develop additional to 30 per cent within the subsequent few years.
Historically, Indian corporations are identified for low R&D spends. Rane was no exception. However, with the arrival of latest automotive applied sciences and the rising want for fast response from suppliers, the group has realised the necessity to spend extra on R&D. Ganesh has set out a goal to greater than double the R&D spend of the group as a proportion of gross sales within the coming years from the current 0.5-0.75 per cent.
A significant improvement underneath his stewardship was the latest restructuring train underneath which the group has determined to merge two of its listed corporations – Rane Brake Lining and Rane Engine Valve, with its different listed firm Rane (Madras), with a view to create a unified platform. This can be a historic and game-changing transfer by the group.
On the nationwide degree, L Ganesh has been an articulate spokesman for the automotive business and served numerous business our bodies such because the Confederation of Indian Trade, the Automotive Element Producers Affiliation of India and the Madras Administration Affiliation (1991-92). At the moment, he’s the Honorary Consul for New Zealand in South India.
He’s broadly travelled and a eager follower of cricket and tennis. He’s married and has a daughter and a son. Ganesh’s son, Aditya Ganesh, can be a part of the group and is at the moment the President of Rane Madras.
Ganesh will proceed to serve on the Board within the capability of Non-Govt Director, he will even proceed as Chairman and Managing Director of Rane Holdings Ltd, the holding firm of the Group.
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