The only Indian rental solutions provider has recently crossed a milestone of 1,000 material handling equipment in its rental fleet.
Mumbai, NFAPost: Godrej RenTRUST, manufacturer and rental provider of material handling equipment and part of Godrej Group’s Godrej & Boyce, announced that the company is targeting a growth of 23% YOY in providing rental solutions for complex material handling needs.
The business unit has surpassed pre-pandemic level revenues and is growing steadily. Godrej RenTRUST is encouraging the government’s push for ‘Aatmanirbhar Bharat’ with its vocal-for-local operation strategy.
The current industry value is approximately Rs 600 to Rs 650 crore with an addressable market of Rs 200 crore to Rs 250 crore for the business, in the backdrop of industries focusing on outsourcing complex and high-end material handling work.
As the ecommerce sector in Tier 3 and Tier 4 markets grows, so does the demand for warehousing equipment. Companies across industries, especially project-based firms, are moving towards renting equipment and outsourcing material handling requirements to expand their operations and focus on other core competencies.
To address this need, Godrej RenTRUST has added more than 1,000 material handling equipment to its rental fleet. The business customises end-to-end rental solutions such as equipment and maintenance, skilled operators, administration and value-added solutions for their clients.
Commenting on this, Godrej RenTRUST Godrej Material Handling Executive VP and Business Head Anil Lingayat says today’s complex Material Handling environment requires industry expertise to increase productivity, optimize costs, and deliver quick results for customers.
“Godrej RenTRUST has become a leading organized player owning 23% of the market share among rental players and offering a decade of experience to its clients in delivering rental solutions for their Material Handling requirements pan India,” said Anil Lingayat.
He said the company’s midterm goal for FY25 is to target about 2,500 material handling equipment in our rental fleet.
“Going forward, we look forward to partnering with Indian as well as Global players to provide the best end-to-end material handling rental solutions,” said Godrej RenTRUST Godrej Material Handling Executive VP and Business Head Anil Lingayat.
Fueled by the heavy reliance of companies on the rental industry for their seasonal demand, heavy loads, and unexpected rise in their respective markets, the industry players offering rental solutions for material handling equipment have witnessed a major boom as the pandemic has hastened the process for essential services.
