MTandT Leases raises Rs 100 Cr from ValueQuest S.C.A.L.E Fund II

MTandT Leases Restricted (MRL), a supplier of specialized industrial gear, has raised Rs 100 crore from ValueQuest S.C.A.L.E. Fund II, marking its first institutional fund elevate.

The Chennai-headquartered agency offers aerial work platforms and floor safety entry options. It’s going to use the funding to increase its gear fleet and presence. In response to this firm, the funding will allow it to service massive and complicated initiatives with greater asset utilisation, sooner turnaround occasions, and enhanced operational effectivity.

MRL Chairman Rakesh Modi mentioned, “This funding will allow us to increase our fleet, improve service capabilities, and strengthen our place as a trusted accomplice for security and productiveness in infrastructure and industrial initiatives.”

MRL offers specialised gear together with aerial work platforms equivalent to growth lifts, scissor lifts, and spider lifts; and floor safety entry options equivalent to PortaDeck composite mats. It additionally presents gear upkeep, operator coaching and technical assist.

Pushkar Jauhari, Managing Director and Fund Supervisor, ValueQuest Personal Fairness, mentioned, “They (MRL) have time-tested shopper relationships with established enterprise homes and have constructed a powerful status in India’s gear rental trade by way of give attention to security, reliability and customer-centricity.”

MRL says it’s well-positioned to profit from rising demand throughout sectors equivalent to airports, renewable vitality, semiconductors, metro rail, information centres, warehousing, and huge industrial amenities. It claims to have recorded a compounded annual development fee of over 48% between FY21 and FY25.

ValueQuest Funding Advisors is a Mumbai-based funding administration agency. The group manages property price $2.8 billion.