Godrej & Boyce has announced that its business Godrej RenTRUST, has planned to invest Rs 100 crores in capital assets over the next three years, anticipating a surge in material handling requirements. In Q4 of FY23, Godrej RenTRUST secured orders deploying 100+ units to esteemed clients across multiple industries, showcasing long-term partnerships.
With a focus on auto, engineering, chemicals, pharma, F&B, FMCG, logistics, 3PL, ecommerce, and retail sectors, Godrej RenTRUST aims to cater to evolving industry needs. The Indian rental market, valued at Rs 2200 crores, offers cost-effective solutions, reducing service involvement and increasing competitiveness. Godrej RenTRUST achieved a 20 per cent CAGR in the past five years and stands out with certified operators, high-quality equipment, and real-time monitoring.
Anil Lingayat, Executive VP and Business Head, Godrej Material Handling, expressed his enthusiasm regarding the company’s investment of Rs 100 crores in capital assets for Godrej RenTRUST. This investment reflects their strong belief in the increasing demand for material handling solutions throughout the country. Godrej RenTRUST aims to empower businesses by offering flexible rental options that eliminate high upfront costs and provide customised equipment based on specific needs. According to him, with transparent rental contracts, exceptional service, and hassle-free maintenance, Godrej Material Handling aims to revolutionise the material handling rental industry and deliver outstanding value to its valued customers.