Watrana Rentals Limited - IPO

Incorporated on November 19, 2019, Watrana Rentals Limited specializes in material and cargo handling equipment rentals, offering a fleet that includes forklifts (battery‑operated, diesel, gas), electric stackers, pallet trucks, speciality attachments (e.g., paper‑roll clamps, bale clamps, side shifters), and ground‑support gear.

The company is ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certified supplier of industrial Material Handling Equipment (“MHE”), offering solutions for various sectors in India.

The company's business can be segregated into the following:-

1. Rental Solutions: Provides rental services for MHE tailored to meet business needs for flexibility without long-term capital investment.
2. Trading in MHE: Engaged in trading MHE, this offer allows customers to buy material handling equipment suited to their budget and needs.
3. Trading in Batteries for MHEs: Offers various batteries compatible with MHE models for rental and trading clients.

With over 304 rental sites across India, the company ensures extensive coverage and quick response to clients ' needs.

As of April 30, 2025, the company operates over 1441 MHE units, including diesel and electric forklifts, reach trucks, battery stackers, pallet trucks, order pickers, towing trucks, and more.

As of April 30, 2025, the company employed approximately 3,122 staff members, including operators, technicians, engineers, site supervisors, and support personnel.

Competitive Strength:

• Experienced Promoters and a senior management team with technical expertise
• Workforce is a key asset in delivering high-quality service to clients across India.
• Quality Assurance of services is an integral part of the company's operations.
• Wide network coverage.