PE-VC Fund Investments
Workplace safety solutions provider MTandT Rentals raises Rs.100-Cr from ValueQuest
Chennai-based workplace safety solutions provider MTandT Rentals has raised INR 100 crore from ValueQuest S.C.A.L.E. Fund II.Founded in 1974 and led by Rakesh Modi, MTandT Rentals provides aerial work platforms and ground protection access solutions for the infrastructure, industrial, and construction sectors. Its offerings include aerial work platforms such as boom lifts, scissor lifts, and spider lifts, along with ground protection access solutions.The company plans to use the capital to service large and complex projects, focusing on achieving higher asset utilisation, faster turnaround times, and improved operational efficiency.
For FY25, MTandT rentals had reported about INR 222 Cr in Operating Income and about INR 30 Cr in PAT.
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