MT&T Rentals Unveils Refreshed Brand Identity, Announces ₹10 Billion Capex Plan, and Charts Course for Market Leadership
Financial Performance: A Record Year
MT&T closed FY 2025/26 with a consolidated revenue of ₹3.78 Billion, underscoring its commanding position in India's rapidly expanding aerial work platform rental market. The company added approximately 1,000 MEWPs and Spider Lifts to its rental fleet during the year, reinforcing its infrastructure for large-scale project delivery across infrastructure development, construction, industrial maintenance, and façade access.Strategic Investment: PE Backing from Value Quest
MT&T confirmed receipt of a ₹1 Billion investment from Value Quest, a leading private equity investor, as part of its ongoing growth capital program. This infusion marks a significant vote of confidence in MT&T's business model, operational discipline, and India's long-term infrastructure growth story. The company further disclosed that it is in advanced discussions for a third round of PE investment of ₹3 Billion, expected to close by October 2026, which will accelerate fleet expansion, technology integration, and geographic reach.Capex Blueprint: ₹10 Billion Investment in FY 2026 - 27
In a bold strategic move, MT&T announced a ₹10 Billion Capital Expenditure plan for FY2026 - 27. This investment will drive the expansion of its MEWP and Spider Lift fleet from the current 2,000 units to 4,000 units, doubling its rental inventory in a single financial year. The scale-up will position MT&T as one of the largest MEWP fleets in the Asia-Pacific region and an undisputed leader in India.Inorganic Growth: Strategic Acquisitions Underway
MT&T 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 to consolidate the fragmented Indian MEWP rental market and build an end-to-end aerial access ecosystem under a trusted brand.Brand Refresh with A New Logo
MT&T’s Dil Se Seva from the Heart
In perhaps the most defining announcement of the year, MT&T formally launched its core operating philosophy: Dil Se Seva, wherein every decision of the company will be based on the guiding principle: Am I doing Dil Se Seva?Dil Se Seva (Service from the Heart) was a guiding principle practiced since the inception of MT&T by its visionary founder, Late Shree Rajkumar Modi. He believed that true service must come from a place of genuine care, integrity, and selflessness. For over five decades, this spirit has shaped every relationship that MT&T forged with customers, partners, and people.
Under the mentorship and strategic stewardship of Ravi Kant, former CMD of Tata Motors, this philosophy continues to be articulated, codified, and embedded in every employee across MT&T ’s operations.
He says, “Dil Se Seva encapsulates MT&T's commitment to going beyond transactional service delivery. It is the cultural heartbeat of the organization, guiding every customer interaction, every business decision and every promise made under the MT&T name. My role has been to ensure that every MT&Tian follows this whenever a decision has to be made: whether big or small.
MT&T Rentals Limited is a market leader in MEWP rentals, Spider Lifts and temporary access solutions with a pan-India operational footprint, serving clients across infrastructure, construction, oil & gas, manufacturing, and facility management sectors.
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Published on:
08 June 2026
Published in: NBM&CW JUNE 2026
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