Sanghvi Movers Limited
319.90
INR
-7.60
(-2.32%)
Sanghvi Movers Limited
BSE:SANGHVIMOV
(Bombay Stock Exchange)
Recent
price
319.90
P/E
ratio
19.13
div
yld
- -
ROIC.AI
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- Business
- Sanghvi Movers Limited is an India-based crane rental company specializing in the provision of medium to heavy-duty hydraulic and crawler cranes across various industrial sectors. The company operates Asia’s largest fleet of over 400 medium to large-sized cranes, including truck-mounted telescopic boom cranes, lattice boom cranes, and crawler cranes with lifting capacities ranging from 20 MT to 1600 MT. Its core products and services include crane rental; heavy lifting and logistics solutions; turnkey engineering, procurement, installation, and commissioning (EPC) services; and specialized project support for sectors such as power, steel, cement, fertilizers, petrochemicals, refineries, metros, wind energy, oil and gas, fertilizers and chemicals, and railways. The company also offers ancillary equipment and logistics services, including high bed trailers and multi-axle lines for crane transportation. Sanghvi Movers serves both private and public sector clients with a comprehensive, integrated approach to heavy lifting and logistics. Founded in 1989 and headquartered in Pune, Maharashtra, Sanghvi Movers ranks as one of the top crane rental operators globally, holding around 75% market share in India’s high-end crane rental segment. The company operates through various subsidiaries, including Sanghvi Movers Middle East Limited, enhancing its international footprint. Recent corporate developments include key management changes such as the appointment of Mr. Mohammed Almanaseer as Managing Director of its Middle East subsidiary and new appointments in financial and compliance roles within the parent company. Additionally, the company’s wholly owned subsidiary recently underwent a rebranding with approval from the Ministry of Corporate Affairs. Operationally, Sanghvi Movers has demonstrated strong financial growth with significant increases in revenue, a trend supported by robust demand across infrastructure sectors. Its fleet expansion and strategic focus on project-specific integrated services underscore its commitment to growth and market leadership in crane rental and heavy lifting services. Sanghvi Movers targets infrastructure development projects, including industrial plants, metro rail projects, oil and gas sectors, and wind energy, delivering customized solutions tailored to complex project requirements. Its service offerings span crane rental with various crane configurations, heavy load transport, rigging, and engineered logistics solutions. The company’s operational reach extends across India with a presence on over 130 active job sites, supported by more than 95 high bed trailers and 64 multi-axle lines to facilitate the movement of equipment. It counts major industrial clients such as Reliance Industries, ONGC, L&T, BHEL, and others among its customer base, reflecting its strategic position in heavy lifting and logistics for industrial infrastructure. In summary, Sanghvi Movers Limited is a leading crane rental and heavy lifting service provider headquartered in Pune, India, with a diversified fleet and strong market presence across key industrial sectors. It has bolstered its management team and subsidiary branding to support continued expansion and operational excellence in domestic and international markets. Its comprehensive integrated service model caters to complex and large-scale infrastructure projects, positioning it as an indispensable partner in India’s construction and industrial landscape.