Investment in Sanghvi

25 April 2008

A group of investment companies have acquired a 23% stake in India's largest crane rental house, Sanghvi Movers. The investors are Olympus Capital Holdings Asia, Clearwater Capital Partners and Voyager. Chandrakant Sanghvi, chairman and managing director of Sanghvi Movers, said, “We are excited to have such well-regarded international investors take a position in the company.

Frederick Long of Olympus Capital Founding, who has been appointed a director of Sanghvi Movers, said, “Sanghvi Movers has established a very impressive track record and market position in the Crane Rental Industry in India.”

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