Godrej RenTRUST, a business of Godrej & Boyce Mfg. Co. Ltd., is targeting 23% year-over-year growth in its rental solutions service.
It stated that it is India’s only rental solution provider that manufactures and supplies India-sourced material handling equipment to its customers.
In line with the growth of the e-commerce industry in Tier 3 and Tier 4 markets, the demand for warehousing equipment has also increased, he added.
He said companies across all sectors, especially project-based companies, were moving towards equipment leasing and outsourcing material handling requirements to expand their operations.
To meet this need, Godrej RenTRUST said it has added more than 1,000 material handling equipment to its rental fleet.
Anil Lingayat, Executive Vice President and Chief Business Officer, Godrej Material Handling, said, “Today’s complex materials handling environment requires industry expertise to increase productivity, optimize costs and deliver fast results to customers.
“Godrej RenTRUST has grown into a leading organized player with a 23% market share among rental players and offering a decade of experience to its customers in providing rental solutions for their material handling needs across the India,” he said.
“Our mid-term goal for FY25 is to target approximately 2,500 material handling equipment in our rental fleet. Going forward, we look forward to partnering with Indian and global players to provide the best end-to-end material handling equipment rental solutions,” he added.