mtandt Rentals Limited was founded in year 2000 and quickly became the India’s largest Aerial Working Platforms and Scaffolding rental provider. Today, our company continues to build on its industry leadership with a best-in-class range of resources and the largest customer service network of its kind. mtandt Rentals deploys almost 1000 equipments through more than 50 branches, and 3 yards in Chennai, Delhi and Mumbai. We have centralized reservation service and online capabilities. Our branches and yards are fully integrated through technology, allowing them to collaborate on solving customer needs.
mtandt Rentals’ customer base is a diverse mix of construction and industrial companies, municipalities, government agencies and others. Most of our customers align with three categories: approximately 50% are non-construction, such as industrial; 46% are non-residential Construction; and 4% are residential.To serve this base, we employ customer service professionals who have first hand knowledge of equipment capabilities and site challenges. Their expertise, to gether with our company’s commitment to safety, are compelling competitive advantages.
We routinely sell used rental equipment and invest in new equipment in order to manage repairs and maintenance costs, as well as the composition and size of our fleet. We also sell used equipment in response to customer demand for the equipment. Consistent with the life-cycle approach we use to manage our fleet, the rate at which we replace used equipment with new equipment depends on a number of factors, including changing general economic conditions, growth opportunities, the market for used equipment,the age of our fleet and the need to adjust fleet composition to meet customer demand.
We utilize many channels to sell used equipment: through our national sales force, which can access many resale markets across India; at auction; through brokers; and directly to manufacturers. We also sell used equipment through our website, which includes an online database of used equipment available for sale.
The mtandt Rentals safety culture takes a no-compromise approach to loss prevention and safe behavior. Examples of safety initiatives include the company’s Injury and Illness Prevention Program, branch safety meetings, extensive employee training programs, operator certification for customers and employees, Academy of Safe Work Practices -mandated training, and IPAF programs.
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