Chennai-based MTandT Rentals Limited has raised ₹100 crore from ValueQuest Investment Advisors’ S.C.A.L.E Fund II in its first institutional funding round, enabling the company to expand its fleet and deepen its presence across India’s accelerating infrastructure and construction markets.
Funds to strengthen fleet and expand reach
The ₹100 crore infusion will be deployed primarily to augment MTandT Rentals’ equipment inventory and enhance its operational footprint across key infrastructure verticals. Management says the capital will improve the company’s ability to service large-scale industrial and construction projects while driving greater utilisation and operational efficiency.
Demand for specialised rental equipment is rising from metro rail, airports, renewable energy, data centres and warehousing projects. MTandT plans an aggressive scale-up to meet this demand, while maintaining strict safety protocols and faster project turnaround—critical factors in heavy-equipment operations.
Diverse offerings powering growth
MTandT Rentals has established itself in the equipment-rental market by supplying aerial work platforms such as boom lifts, scissor lifts and spider lifts, alongside ground-protection solutions like composite mats for difficult terrain. These assets are increasingly used across urban transit, energy and large industrial worksites.
Beyond mere equipment hire, the company provides end-to-end services including preventive maintenance, operator training and on-site technical support. This integrated service model has helped secure long-term contracts with infrastructure developers, EPC contractors and industrial clients nationwide.
Investor view and market opportunity
ValueQuest Investment Advisors cited robust growth potential in India’s nascent equipment-rental segment—particularly for aerial work platforms—and pointed to MTandT’s execution track record and customer-focused offerings as reasons for backing the business. Institutional interest reflects broader investor confidence in the sector amid sustained public and private infrastructure spending.
Growth outlook
With India pursuing an expanded infrastructure agenda, equipment-rental firms stand to benefit from higher capex and greater project complexity. MTandT Rentals, bolstered by the fresh capital, intends to capitalise on this market tailwind by prioritising safety, fleet modernisation and faster service delivery as it enters its next growth phase.
