Born in 1918, Rane served in the British Indian Army during the Second World War. He remained in the military during the post-war period and was commissioned in the Bombay Sappers Regiment of the Indian Army's Corps of Engineers on 15 December 1947. In April 1948, during the Indo-Pakistani War of 1947, Rane played a key role in the capture of Rajauri by Indian forces by being instrumental in clearing several roadblocks and minefields. His actions helped clear the way for advancing Indian tanks. He was awarded the Param Vir Chakra on 8 April 1948 for his gallantry. He retired as a major from the Indian Army in 1968. During his 28 years' service with the army, he was mentioned in despatches five times. He died in 1994 at the age of 76.