51% investor in Mtandt Rentals

Premium Content
Maria Hadlow

25 September 2012

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi the chief executive officer of Indian company Mtandt Rentals Limited has told Access International that an unnamed investor has bought 51% shares of Mtandt Rentals Limited

The investment is in the region of US$30 million and the company plans to use the money to add new and used equipment to its fleet.

Mtandt Rentals is the owner of Onrent Brand and India's Largest access equipment rental company.

STAY CONNECTED



Access Briefing

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

From Paper to Predictive: Unlock the Future of Equipment Rental
How can rental businesses improve fleet utilisation, reduce inefficiencies and maximise profitability through digital transformation?
Q&A with KPMG’s Martin Seban on the latest ERA Market Report
What are some of the headline findings of this year’s ERA Market Report?
ERA releases its 2026 Market Report
New ERA Market Report forecasts compound growth rate of 1.8% from 2025 to 2027.
CONNECT WITH THE TEAM
Euan Youdale Editor Tel: +44 (0)1892 786 214 E-mail: [email protected]
Pete Balistrieri Brand Manager - ALH & SA Tel: +1 414 940 9897 E-mail: [email protected]
Ollie Hodges Vice President, Sales - ALH & SA Tel: +44 (0)1892 786253 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA