The acquisition, approved by the company’s board of directors, covers Hindustan Composites’ friction business along with assets, liabilities, contracts, licenses, employees and related operations as a going concern, subject to customary closing conditions and regulatory approvals.
The business includes products such as brake linings, brake pads, brake blocks, clutch facings and industrial friction materials. It operates two manufacturing facilities in Paithan and Bhandara, Maharashtra, and has a presence across automotive, railway, farm tractor and industrial segments.
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For FY26, the friction business reported revenue of ₹315.04 crore and profit before tax of ₹40.29 crore. The acquisition also includes the brand “COMPO”.
Rane (Madras) said the deal will expand its friction materials platform, which already includes passenger vehicles, two-wheelers, aftermarket, railways and export operations. The combined business is expected to become a ₹1,000+ crore friction materials platform after completion.
The company said the transaction will enhance scale, distribution reach and R&D capabilities, and is expected to support future expansion. The deal is expected to be completed by the end of the second quarter, subject to approvals and closing conditions. It is expected to be completed by the end of the second quarter.
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Harish Lakshman, Chairman, Rane Group, said, “This acquisition leverages Rane’s ability to create a market-leading friction solutions platform. By integrating these complementary businesses, we are uniquely positioned
to address the evolving needs of India’s transportation sector while driving operational excellence and long-term value for our stakeholders.”
Shares of Rane (Madras) Ltd ended at ₹1,153.15, up by ₹24.65, or 2.18%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jun 30, 2026 9:02 PM IST
