Singhi Advisors acted as exclusive Strategic and M&A advisors for acquisition of high margin/high barrier Friction Solutions business of six decade old Hindustan Composites Limited (HCL), by Rane Madras Ltd (RML), part of Rs 8000+ crs diversified 95+ year old Rane Group.
This transaction marks Singhi Advisors 24th transaction in the auto-components sector & 4th in Railways Space, reinforcing Singhi’s deep sector expertise, long-standing industry relationships and proven track record of advising promoters, corporates and strategic investors on complex M&A’s transactions across the automotive value chain.
HCL , part of Kolkata based Rasoi Group, is market leader in India for Rail Brake Blocks & Friction materials, supplying to Railways as well as Brake Liners to Commercial Vehicle OEMs. HCL’s friction business portfolio includes *brake liners, brake pads, brake blocks, clutch facings, brake discs catering to Indian Railways, Commercial Vehicles, Private Coach manufacturers, Tractor OEMs and after market requirements.
Rs 8000cr, Rane Group is a reputed player in autocomponents business with a diversified portfolio of Steering, Braking, Suspension, Engine Component, supplying to all major OEMs and aftermarket. This acquisition will create a Rs 1000+ crs of combined revenue from Friction Solutions, establishing Rane as the market leader across all major segments*. This comes at a time when commercial vehicle sales hit a record 1 mn+ sales in FY26 in India while India’s railway sector is witnessing significant investment in network expansion, modernization, metro rail projects, and high-speed transportation initiatives.
