Pioneer in the Crane Rental Industry in India
Our Story
Company Profile
SANGHVI MOVERS LIMITED (SML) is the largest crane rental company in India and Asia, and the fourth-largest in the world as ranked by International Cranes (June 2024). Headquartered in Pune, SML was incorporated in 1989 and went through an Initial Public Offering in 1994. The shares of the company are traded on the Bombay Stock Exchange and National Stock Exchange. SML is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company. The Company has a fleet of 400+ medium to large-sized heavy-duty telescopic and crawler cranes ranging from 20 to 1600 MT across 130+ operational job sites in India.
Our fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector. SML also has a fleet of more than 95 High Bed Trailers and 64 multi-axle lines which are being used for the movement of its crane and crane parts from one location to another.
SML has a PAN India presence with its Depot network spread across all over India in more than 10 states.
OUR HISTORY
In the year 1989, Mr C.P. Sanghvi imported 1st crane from the UK, Tadano TG 700E (capacity 70 MT). Subsequently, he bought more cranes which were deployed with clients like Oil India Ltd., and ONGC. In the year 1995, the company went public and used the IPO proceeds (Rs. 17.50 Crores) to purchase some other cranes between 160MT to 450MTs. SML has got major breakthrough with Reliance Industries Limited in FY 1997 and 1998. SML did a capex of more than Rs. 50 crores during those 2 years and imported 36 cranes from Singapore with a charted barge for this project. More than 75 cranes were deployed for the construction of the Reliance Project during the span of 18 months.
Thereafter, SML has achieved various milestones in its journey and has done huge capex over the years for building its world-class crane fleet.
Business Philosophy
For us, business ethics are of utmost importance. Time, cost, quality and compliance are the four dimensions in which we measure the organization’s performance. This ensures unwavering harmony among our business associates and also reassures utmost transparency amongst all stakeholders.
Although we’ve reached the peak of technology, an organization is nothing without the employees who make it. We would like to change the way companies and employees think about this segment of the industry. We want to continue to be innovative leaders and expand our horizons. Knowing what it takes to appoint the right employees, furnace the right business partnerships, uphold and deliver exceptional equipment and hold to commitments for employees and customers is our precise recipe for success.
At present, we are Asia’s leading crane rental company and are recognized as the 4th largest globally by the International Cranes Magazine (June – 2024 Issue). We are proud to say that we have achieved this feat for the third time consecutively in the years 2021, 2022 and 2023. We always aim to constantly adapt and build a safer environment for all our stakeholders without compromising on the quality of crane services by adopting the highest safety practices & standards.
Our Major milestones
VISION
“Delight the world through sustainable and scalable engineering solutions.“
MISSION
“Accelerate infrastructure development by delivering simple, technology-driven and innovative solutions to create maximum value for our stakeholders.“
VALUES
- Human Dignity
- Ethics
- Agility
- Trust
- Courage
- Ownership
QUALITY POLICY
We wish to delight our customers and exceeding their expectations by providing maintenance free cranes and prompt services.
our strong pillars – Leadership team
SML was founded by our visionary Chairman & Managing Director late Mr. Chandrakant P. Sanghvi, by identifying a niche in the rental industry. Mr. C.P. Sanghvi, considered as a pioneer in the crane rental industry in India to date. With his farsightedness he not only identified the potential of crane business but the need of heavy duty cranes for speedy infrastructure development in India. Under His vision, leadership skills and exemplary entrepreneur qualities SML has invested over Rs.2500 Crores in crane business since its inception.
Late Mr. Chandrakant P. Sanghvi
Founder & Chairman (1954 - 2019)
Mr. Chandrakant Sanghvi was a passionate and visionary leader whose ex-ordinary entrepreneur skills
Rishi C Sanghvi
Managing Director
In this role, he is responsible for leading the sales analytics, strategy, technology advancement and growth of the organisation.
