MTandT Rentals Secures Rs 100 Crore for Aerial Work Platforms

MTandT Rentals, a leading name in aerial work platforms and ground protection access solutions, has successfully secured Rs 100 crore from ValueQuest S.C.A.L.E. Fund II. The Chennai-based firm had previously obtained Rs 62 crore from early-stage investors and family offices. This is a significant milestone as it marks the company’s first venture into private equity or institutional funding.

The newly acquired funds are intended to fuel the next phase of growth and broaden the company’s reach throughout India, as indicated in a recent press release. Under the leadership of Rakesh Modi, MTandT Rentals delivers equipment solutions tailored for the infrastructure, industrial, and construction sectors, with a strong emphasis on safety, reliability, and operational efficiency.

Comprehensive Equipment Solutions

MTandT Rentals’ product lineup features a variety of aerial work platforms, including boom lifts, scissor lifts, and spider lifts. They also provide ground protection access solutions such as PortaDeck composite mats. Furthermore, the company offers additional services that encompass equipment maintenance, operator training, and technical support.

Future Growth Plans

The firm intends to utilise the newly raised funds to tackle large and complex projects, ensuring higher asset utilisation, quicker turnaround times, and enhanced operational efficiency. MTandT Rentals is also well-positioned to take advantage of the growing demands across various sectors, including airports, renewable energy, semiconductors, metro rail, data centres, warehousing, and large industrial facilities.

In terms of performance, MTandT Rentals has reported a compound annual growth rate (CAGR) exceeding 48 percent during the period from FY21 to FY25.