About Mtandt Rentals Limited
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Mtandt Rentals Limited is a public limited company based in Padur, Tamil Nadu, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 19 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29253TN2009PLC073258. Its GSTIN is 33AAGCM2269J1ZD (Tamil Nadu). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.7 Cr. It was formerly known as Mtandt Rentals Private Limited and Mtandt Riwal Enterprises Private Limited. It is led by directors including Rakesh Modi (Managing Director) and Kanak Goyal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 62/2B New No. 99 Old No. 144 Padur Village Poonamalle Taluk, Tamil Nadu, India – 602105.
As per the financials filed for FY 2025, the company reported a revenue of ₹231.87 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹30.44 Cr (net margin 13.1%) and EBITDA of ₹96.32 Cr (EBITDA margin 41.5%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 29% over five years.
The company has about 663 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Mtandt. As per MCA filings, the company has open charges of ₹553.32 Cr and satisfied charges of ₹72.22 Cr on record. Court records list 54 cases involving the company, including 49 filed by the company and 5 filed against it; 23 cases are pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹82.25 Cr; the latest was in September 2025. Its 3 peer companies in the Machinery and Equipment industry (Machinery and Equipment Leasing, Material Handling Equipment, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities) are compared by revenue, 3 larger; the largest is Yulu Bikes Private Limited with revenue of ₹241.88 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mtandtrentals.in.
Company details
Name history
Mtandt Rentals has undergone 2 name changes throughout its history. The company was previously known as Mtandt Rentals Private Limited, and Mtandt Riwal Enterprises Private Limited. The current legal name is Mtandt Rentals Limited.
| Company Name | Status |
|---|---|
| Mtandt Rentals Limited | Current |
| Mtandt Rentals Private Limited | Previous |
| Mtandt Riwal Enterprises Private Limited | Previous |
CIN history
Mtandt Rentals has one previous CIN (Corporate Identification Number): U29253TN2009PTC073258. The current CIN is U29253TN2009PLC073258, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29253TN2009PLC073258 | Current |
| U29253TN2009PTC073258 | Previous |
Contact details
Mtandt Rentals Limited's registered office is in Padur, Tamil Nadu. Its website is mtandtrentals.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 62/2B New No. 99 Old No. 144 Padur Village Poonamalle Taluk, Tamil Nadu, India – 602105
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Mtandt Rentals Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Mtandt Rentals operates one associated brand: Mtandt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Aerial Work Platforms & Equipment Rentals | Buy or Rent | mtandt.com |
Business activity
The main business activity of Mtandt Rentals is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Mtandt Rentals Limited, buy the company report.
Financials of Mtandt Rentals Limited
FY 2024 filings availableMtandt Rentals Limited reported revenue of ₹231.87 Cr (up 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 39% growth in the latest year. EBITDA rose 70% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹96.32 Cr | ||||
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| Net Profit (PAT) | ₹30.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.5% | ||||
| Net Profit Margin | 13.1% | ||||
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To see the full financial statements and ratios of Mtandt Rentals Limited, buy the company report.
Board of directors of Mtandt Rentals Limited
Mtandt Rentals has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanak Goyal | Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Sangeeta Modi | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Rakesh Modi Also directs: Rajkumar Modi Foundation, Vertikal Rentals Private Limited | Managing Director | 19 Oct 2009 | 17 Years 0 Months | Current |
| Sunil Kumar Sinha Also directs: Trioraa Services Private Limited, Tara Mobile Creches Pune | Director | 29 Sep 2025 | 1 Years 0 Months | Current |
| Kavita Goyal Also directs: Volcano Goods Private Limited | Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Gopal Modi Also directs: Modi Business Intellect LLP, Web Rigging Systems International Private Limited, Fastbeam Access Private Limited and 3 more | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Mtandt Rentals Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Leasing, Material Handling Equipment, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yulu Bikes Private Limited | ₹241.88 Cr (FY 2025) | 97.0% | Bangalore, Karnataka, India | |||
| Rushabh Sealink and Logistic Private Limited | ₹235.92 Cr (FY 2025) | 66.0% | Mumbai, Maharashtra, India | |||
| Upgrid Electrilease Private Limited | ₹234.57 Cr (FY 2025) | 53.0% | New Delhi, Delhi, India | |||
| Mtandt Rentals Limitedthis company | ₹231.87 Cr (FY 2025) | ₹30.44 Cr | 13.1% | 39.0% | 663 | Padur, Tamil Nadu, India |
To see the full peer comparison of Mtandt Rentals Limited, buy the company report.
Auditor
Mtandt Rentals Limited is audited by Khemka & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khemka & Co | FY 2023 | 010610S |
Shareholding
The shareholding of Mtandt Rentals Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mtandt Rentals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2025 | 101193643 | Axis Bank Limited | ₹13.2 Cr | Open | |
| 31 Oct 2025 | 101186907 | Axis Bank Limited | ₹16.78 Cr | Open | |
| 18 Oct 2025 | 101180157 | Others | ₹5.89 Cr | Open | |
| 30 Sep 2025 | 101200674 | Hdfc Bank Limited | ₹4.11 Cr | Open | |
| 06 Sep 2025 | 101167578 | Yes Bank Limited | ₹9.53 Cr | Open |
To see the full charge records of Mtandt Rentals Limited, buy the company report.
Total charge records: 149 View all charges
Deals & funding
Mtandt Rentals Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹82.25 Cr; the latest was in September 2025.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Funding round | ₹8.2 Cr | Investors: Edible Agro Products Limited , Budge Budge Refineries Ltd , Ansh Partners |
| Dec 2024 | Funding round | ₹62.05 Cr | Investors: Invicta Continuum Fund I, RPV Holdings Private Limited , Invicta Capserv Private Limited |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Nov 2012 | Funding round | ₹12 Cr | Investors: 4 individuals |
To see the full deal history of Mtandt Rentals Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mtandt Rentals Limited has 54 court cases on record: 49 filed by Mtandt Rentals, 5 filed against it. 23 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 2 | 21 |
| High courts | 14 | 3 | 2 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Abs Air Tech Pvt Ltd | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against Excel Gas and Equipments Private Limited | Pending |
| District court, Shahdara, Delhi | Cheque dishonour complaint | Filed by the company against JBS Enterprises Limited and 3 others | Pending |
| District court, Shahdara, Delhi | Criminal case | Filed by the company against M/D W.S. Electromech Projects (P) Ltd. and Ors | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against M/S. Iota Automation Pvt. Ltd., Rep by Its Directors | Pending |
To see the full case history of Mtandt Rentals Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mtandt Rentals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mtandt Rentals has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vertikal Rentals Private Limited | U46594TN2023PTC158522 |
To see the full group structure of Mtandt Rentals Limited, buy the company report.
Employees & EPFO
Mtandt Rentals Limited has a workforce of 663 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Mtandt Rentals has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCM2269J1ZD | Tamil Nadu | Active | 01 Jul 2017 |
| 09AAGCM2269J1Z4 | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAGCM2269J1ZC | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mtandt Rentals Limited, buy the company report.
Recent activity
Mtandt Rentals Limited has 15 board changes on record since 2009: 6 appointments and 9 cessations. The latest: Sunil Kumar Sinha was appointed as Director on 29 Sep 2025.
191 earlier events are in the company report.
Frequently asked questions
Mtandt Rentals is an active public limited company based in Padur, Tamil Nadu, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 19 October 2009 (17+ years old) and is registered under CIN U29253TN2009PLC073258.
Mtandt Rentals has 6 current directors:
- Rakesh Modi - Managing Director
- Kanak Goyal - Director
- Sangeeta Modi - Director
- Sunil Kumar Sinha - Director
- Kavita Goyal - Director
- Gopal Modi - Director
The latest financial statements of Mtandt Rentals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Mtandt Rentals is 33AAGCM2269J1ZD, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 09AAGCM2269J1Z4 (Uttar Pradesh), 24AAGCM2269J1ZC (Gujarat).
The CIN (Corporate Identification Number) of Mtandt Rentals is U29253TN2009PLC073258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mtandt Rentals has 54 court cases on record: 49 filed by the company and 5 filed against it. 23 are pending. Most are in the district courts.
Mtandt Rentals was incorporated on 19 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Mtandt Rentals has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹82.25 Cr; the latest was in September 2025.
The peers of Mtandt Rentals by revenue are Yulu Bikes Private Limited, Rushabh Sealink and Logistic Private Limited, Upgrid Electrilease Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Leasing, Material Handling Equipment, Rentals), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities).
Sunil Kumar Sinha was appointed as Director on 29 Sep 2025. Ajay Mandahr ceased to be Additional Director on 29 Sep 2023. Chhavi Aggarwal ceased to be CFO on 31 May 2017. Mtandt Rentals has 15 board changes on record in total.
Mtandt Rentals can be reached through the website mtandtrentals.in. Its registered office is in Padur, Tamil Nadu, India.