Mumbai, Mar 27: MTandT Rentals Limited (“MRL”), a leading provider of aerial work platforms and ground protection access solutions in India, announced an investment of INR 100 Crore from ValueQuest S.C.A.L.E. Fund II. The investment will support MRL’s next phase of growth and expansion across India.
Enabling Safer and More Efficient Work at Height
Headquartered in Chennai, MRL has established itself as a leading provider of specialized equipment solutions for infrastructure, industrial and construction sectors through its rental and sales offerings, including:
- Aerial Work Platforms including boom lifts, scissor lifts and spider lifts
- Ground protection access solutions such as PortaDeck composite mats
- End-to-end services including equipment maintenance, operator training and technical support
Strategic Deployment of Capital
The investment from ValueQuest S.C.A.L.E. Fund II will be utilized to expand MRL’s equipment fleet and strengthen its presence. This will enable the company to service large and complex projects with higher asset utilization, faster turnaround times, and enhanced operational efficiency.
MRL is well-positioned to benefit from increasing demand across sectors such as airports, renewable energy, semiconductors, metro rail, data centers, warehousing, and large industrial facilities, where safety and execution speed are critical.
Leadership Vision
Rakesh Modi, Chairman, MRL, remarked: “We are delighted to partner with ValueQuest as MRL enters its next phase of growth. This investment will enable us to expand our fleet, enhance service capabilities, and strengthen our position as a trusted partner for safety and productivity in infrastructure and industrial projects. We would also like to thank Systematix Corporate Services Limited and Invicta Capserv Private Limited for their guidance and support in successfully advising us on this transaction.”
Pushkar Jauhari, Managing Director and Fund Manager, ValueQuest Private Equity, added: “MRL provides aerial work platforms (“AWP”) which are enabling faster turnaround times with enhanced worker safety for our major infrastructure and industrial projects. They have time tested client relationships with established business houses and have built a strong reputation in India’s equipment rental industry through its focus on safety, reliability and customer-centricity. India is starting from a low base on AWPs and we are excited to support the company in scaling its operations and capturing the significant growth opportunity in this sector.”
Systematix Corporate Services Limited and Invicta Capserv Private Limited jointly acted as the financial advisors to MRL on this transaction.
