51% investor in Mtandt Rentals

25 September 2012

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi, a founder and owner of OnRent, based in Chennai, India.

Rakesh Modi the chief executive officer of Indian company Mtandt Rentals Limited has told Access International that an unnamed investor has bought 51% shares of Mtandt Rentals Limited

The investment is in the region of US$30 million and the company plans to use the money to add new and used equipment to its fleet.

Mtandt Rentals is the owner of Onrent Brand and India's Largest access equipment rental company.

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