The material handling equipment industry in India is on the cusp of growth led by large-scale infrastructure transformation. Construction and infrastructure, cement, mining, oil and gas, petrochemicals, ports, power generation (coal), steel and warehousing form 90 percent of the total MHE end user segment in India. Such industry players sought Companies that can offer customized solutions with quick reactions in deployment. They prefer leading provider of equipment rental solutions who can offer both short term and long term solutions.
Mumbai headquartered Barkat Cranes & Equipments is one such leading provider of equipment rental solutions in India and owns a fleet of 91 well maintained equipments ranging from 50 Ton to 750 Ton in the crawler segment & 60 Ton to 700 Ton in the telescopic segment that support marquee customers across various sectors with Zero – incident record.
Established in 1970, by Late Shri Gulbir Singh Bedi, Barkat cranes & Equipments begun its operations with a single 3 ton forklift. Over a period of time, the company added 90 cranes, forklifts, trailers, and became one of the specialized crane & forklift suppliers in India. The firm is now helmed by two young entrepreneur brothers, Manamar Singh G Bedi and Preet Bedii. Throwing some light on the reason behind such phenomenal growth, Barkat Cranes & Equipments’ current Director, Manamar
Singh Bedi says, “This was possible only because of specialized performance and reliability. We cater customized solutions to each and every client after our engineers and technical team study the requirement at the actual site and provide the input with drawings and technical data based on actual site conditions”. More so, Barkat’s dedicated workshops in Taloja and Mumbai ensure that the cranes and forklifts are maintained in top condition. However, in case of unforeseen breakdowns, Barkat’s quick reaction teams are sent to ensure minimum to no loss on account of downtime.
Unmatched Turnaround Time & Availability
Barkat’s services are faster in terms of deployment, operations, maintenance and demobilization by having almost negligible down time coupled with quick mobilization and demobilization services, low & stable repairs and maintenance costs. The firm responds to clients’ requirement 24 x 7 and has been consistently delivering. Here lies a very unique aspect of Barkat cranes that they boost of a very young fleet of equipments wherein most of the equipments are under 10 years old. In the last one year itself Barkat has added 15 brand new equipments to their fleet.
“The organized equipment’s rental business is at the cusp of ‘Super-Normal’ growth and Barkat has the first mover advantage that can be leveraged by further customer penetration and increase in asset base for deployment”, says Preet Bedii.
Barkat is one of the few players that engage in the taxi business which due to the customer network, enables the firm to effectively deploy assets
Barkat ensures an optimum equipment turnaround which in turn results at cost effective rates. More so, as mentioned earlier, Barkat’s zero-incident record is a result of strict safety practices being followed, coupled with preventative maintenance and replacement of worn out parts.
Barkat is one of the few players that engage in the taxi business which due to the customer network, enables the firm to effectively deploy assets. In the near future, the firm intends to expand to other parts of the country and further develop the ‘taxi’ business. Barkat has identified 4 key end segments- Infrastructure & Construction, Ports, Oil & Gas and Power, based on the high growth expected in these sectors and ability to leverage existing relationships. The Company plans to increase segment penetration by encirclement with existing customers and developing base with new customers. Barkat has also planned a capital expenditure over the next five years to develop the equipment base across various types and capacity of cranes catering to the already existing demand for rental assets.