MTandT Rentals Secures Rs.100 Crore from ValueQuest S.C.A.L.E. Fund II to Fuel Expansion

Mumbai : MTandT Rentals Limited (MRL), a leading provider of aerial work platforms and ground access solutions in India, has raised ₹100 crore from ValueQuest S.C.A.L.E. Fund II to support its next phase of growth.

Driving Safer, Efficient Work at Height
Headquartered in Chennai, MRL offers specialized equipment for infrastructure, industrial, and construction sectors through rentals and sales, including aerial work platforms (boom lifts, scissor lifts, spider lifts) and ground protection systems like PortaDeck composite mats. The company also provides maintenance, operator training, and technical support.

Capital Deployment
The fresh investment will be used to expand MRL’s equipment fleet and strengthen its market presence, enabling faster project execution, higher asset utilization, and improved operational efficiency.

MRL is well-positioned to tap rising demand from sectors such as airports, renewable energy, semiconductors, metro rail, data centers, warehousing, and large industrial projects.

Leadership Speak
Rakesh Modi, Chairman, MRL, said the partnership with ValueQuest will help scale operations, enhance service capabilities, and reinforce MRL’s position as a trusted partner in infrastructure and industrial projects. He also acknowledged the advisory support of Systematix Corporate Services Limited and Invicta Capserv Private Limited.

Pushkar Jauhari, Managing Director and Fund Manager at ValueQuest Private Equity, noted that MRL has built a strong reputation in India’s equipment rental sector through safety, reliability, and customer focus. He added that with low penetration of aerial work platforms in India, the company is well-placed to capitalize on significant growth opportunities.

Systematix Corporate Services Limited and Invicta Capserv Private Limited acted as financial advisors to MRL on the transaction.