RACL Geartech (RACL) will qualify as a rags-to-riches story of the Indian auto-ancillary sector. Previously Raunaq Automotive Components Ltd, it turned sick and was under the Board of Industrial and Financial Reconstruction (BIFR) in 2001. At that stage, the leadership reins were taken over from the previous management by the now chairman & managing director (CMD), Gursharan Singh, and the...
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