India’s Leading MEWP Rental Company Unveils a Refreshed Brand Identity, Announces an Ambitious ₹10 Billion Capex Plan, and Sets Its Course for Undisputed Market Leadership
MTandT Rentals Limited, India’s foremost Mobile Elevated Work Platform (MEWP) and temporary access solutions company, today announced a series of transformative milestones marking the close of Financial Year 2025–26 and unveiled an ambitious growth strategy for the year ahead. The announcements span record financial performance, significant private equity backing, a bold capital expenditure blueprint, strategic acquisitions, a refreshed brand identity, and — most profoundly — the formal articulation of a philosophy that has defined the company since its founding in 1974.
Financial Performance: A Record Year
MTandT closed Financial Year 2025–26 with a consolidated revenue of ₹3.78 Billion, underscoring its commanding position in India’s rapidly expanding aerial work platform market. Over the course of the year, the company added approximately 1,000 MEWPs and Spider Lifts to its rental fleet — a significant expansion that reinforces the company’s infrastructure for large-scale project delivery across the infrastructure, construction, industrial maintenance, and façade access sectors.
Strategic Investment: Private Equity Backing From Valuequest
MTandT confirmed the receipt of a ₹1 Billion investment from ValueQuest, a leading Private Equity firm, as part of its ongoing growth capital programme. This infusion represents a significant endorsement of MTandT’s business model, operational discipline, and the long-term strength of India’s infrastructure growth story.
“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 our 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.”
— Rakesh Modi, Chairman, MTandT Rentals Limited
“MRL has built a strong reputation in India’s equipment rental industry through its focus on safety, reliability, and customer service. We are excited to support the company in scaling its operations and capturing the significant growth opportunity in this sector.”
— Pushkar Jauhari, ValueQuest
The company further disclosed that it is in advanced discussions for a third round of Private Equity investment of ₹3 Billion, expected to close by October 2026. This funding will accelerate fleet expansion, technology integration, and geographic reach across India.
CAPEX Blueprint: ₹10 Billion Investment In Fy 2026–27
In a bold strategic move, MTandT announced a ₹10 Billion Capital Expenditure plan for Financial Year 2026–27. This investment will drive the expansion of its MEWP and Spider Lift fleet from the current 2,000 units to 4,000 units, effectively doubling its rental inventory within a single financial year. The scale-up is set to position MTandT as one of the largest MEWP fleets in the Asia-Pacific region and the undisputed market leader in India.
Inorganic Growth: Strategic Acquisitions Underway
MTandT also confirmed its intent to acquire select specialist MEWP rental companies operating in niche segments across India. These acquisitions are aligned with the company’s Vision 2040 strategy — a long-term plan to consolidate the fragmented Indian MEWP rental market and build a comprehensive, end-to-end aerial access ecosystem under one trusted brand.
Brand Refresh: A New Identity For A New Era
MTandT unveiled a refreshed, more refined visual identity — a new logo that reflects the company’s evolution from a traditional equipment rental firm into a modern, customer-centric solutions provider. The new identity honours more than five decades of heritage and institutional trust, while signalling MTandT’s forward momentum and growing national ambition.
The Soul Of Mtandt: Dil Se Seva — Service From The Heart
Beyond the financial milestones, capital commitments, and strategic announcements, this year carries a significance that transcends numbers. MTandT formally launched its core operating philosophy.
Mr. Ravi Kant, former Vice Chairman and Managing Director of Tata Motors, and his team introduced us to the philosophy of Leading from the Back (LfB). This philosophy transformed our thinking by removing the fear of dreaming big and instilling in us the confidence to achieve those dreams. By embedding the LfB philosophy into our thinking, we have achieved excellent revenue and profit growth figures in FY26.
Also, from Leading from The Back philosophy has emerged the North Star of our company: Dil Se Seva — Service from the Heart. Every decision we make or take – we should ask our self: Am I doing dil se seva? If yes, we boldly make or take that decision. Dil Se Seva is what we are and that is what we stand for. Guided by this LfB philosophy, we have set bold goals for the coming year and are confident of achieving them.
About Mtandt Rentals Limited
Founded in 1974 as Madras Tools & Tackles by Late Shree Rajkumar Modi, MTandT Rentals Limited is India’s pioneer and market leader in MEWP sales and rentals, Spider Lifts, and temporary access solutions. With over five decades of operational legacy and a pan-India footprint, the company serves clients across infrastructure, construction, oil & gas, manufacturing, and facilities management. MTandT is committed to delivering safe, reliable, and innovative aerial access solutions — every time, from the heart.
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