Investment of Rs 100 by Godrej & Boyce to promote material handling sector

Godrej & Boyce has announced that his company Godrej RenTRUST will invest 100 crore rupees in capital assets over the next three years. The company anticipates a significant increase in material handling requirements nationwide. During the fourth quarter of fiscal 2023, Godrej RenTRUST secured orders to provide more than 100 units of equipment to distinguished clients across diverse industries such as marine, 3PL, e-commerce, FMCG, manufacturing and F&B, demonstrating the company’s commitment to long-term partnerships.

With a firm belief in the potential of the rental market, Godrej RenTRUST aims to address the evolving needs of industries such as automotive, engineering, chemical and pharmaceutical, F&B, FMCG, logistics, 3PL, e-commerce and retail.

The Indian rental market, valued at Rs. 2,200 crore, is on a remarkable growth trajectory, with the organized segment gaining ground year by year. Industry studies show that service consumes approximately 20% of the cost and 15% of the consumer’s time throughout the lifecycle of devices.

Equipment rental has become a preferred option for businesses that want managed services and want to avoid high upfront costs. Compared to buying equipment, renting offers a cost-effective solution that allows companies to choose the optimal equipment, tailored to their specific needs.

Over the past five years, Godrej RenTRUST has achieved a CAGR of 20%. In this highly disorganized industry, Godrej RenTRUST continues to offer outstanding services to enable a completely complaint-free and safe operation with certified operators and high-quality equipment that can be digitally monitored by customers in real-time. Customers benefit from their far-reaching reach in India at 300+ locations, optimized storage space and costs, safer material handling movements up to 12.5 meters in height and increased throughput, with 80% of the fleet being electric.

Anil Lingayat, Executive VP and Business Head of Godrej Material Handling, says: “By providing transparent lease agreements, exceptional service and hassle-free maintenance, we aim to increase our customers’ productivity, increase operational efficiencies and enable them to stay at the forefront. ‘ in today’s competitive landscape. This strategic investment underscores our commitment to revolutionizing the material handling rental industry and delivering exceptional value to our valued customers.”

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