Equipment solutions provider MTandT Rentals has raised Rs 100 crore from ValueQuest S.C.A.L.E. Fund II, marking its first institutional or private equity funding round. The Chennai-based company had previously raised Rs 62 crore from early-stage investors and family offices. The fresh capital will be used to support its next phase of growth and expansion across India.
Building equipment solutions for infrastructure and industrial sectors
Led by Rakesh Modi, MTandT Rentals provides aerial work platforms and ground protection access solutions for infrastructure, construction, and industrial projects. Its portfolio includes boom lifts, scissor lifts, spider lifts, and PortaDeck composite mats, along with services such as maintenance, operator training, and technical support.
Capital to enhance operational efficiency and project execution
The company plans to deploy the funds to improve asset utilisation, turnaround times, and operational efficiency, enabling it to service larger and more complex projects. It is focusing on building capabilities that support high-demand, large-scale infrastructure requirements.
Positioned to benefit from infrastructure and industrial growth
MTandT Rentals is well-positioned to capitalise on rising demand across sectors such as airports, renewable energy, semiconductors, metro rail, data centres, warehousing, and large industrial facilities. The company aims to scale its operations in line with India’s expanding infrastructure and industrial ecosystem.
Strengthening presence in specialised equipment rental market
With increasing emphasis on safety, efficiency, and specialised equipment usage, MTandT Rentals is building a strong position in the equipment rental segment. The latest funding is expected to accelerate its growth and strengthen its market presence nationwide.
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