Sanghvi Movers Limited

What Sanghvi Movers Limited does

Sanghvi Movers Limited is an Indian publicly listed company (BSE: 530073, NSE: SANGHVIMOV) operating as what the company describes as India's largest crane rental services business, headquartered in Pune. Its core offering is the rental of medium-to-large hydraulic telescopic and crawler cranes for heavy lift and project logistics engagements in construction, infrastructure, and industrial projects, with the firm reporting 79% utilization in India for FY26. The company runs a diversified fleet including crawler and truck-mounted cranes and, through a strategic partnership with Action Construction Equipment (ACE) signed in December 2025, is expanding its access to indigenously manufactured heavy slew cranes under the Indian government's Make in India initiative.

Sanghvi Movers monetizes cranes primarily through project-based and usage-based rental contracts with enterprise clients, supplemented by turnkey Wind Balance of Plant services delivered through wholly owned subsidiary Sangreen Future Renewable, which secured Rs 292 crore of orders from Independent Power Producers (IPPs) in 2025 for WTG foundation construction, transportation, installation, and related infrastructure work. FY26 consolidated revenue reached Rs 10,700 million, up 36.8% year-on-year, with 40.1% EBITDA margin and Rs 1,840 million in profit after tax, alongside 17.74% YoY PAT growth. International operations are anchored by Sanghvi Movers Botswana Proprietary Limited, a wholly owned subsidiary incorporated in January 2026, and the firm's ELEVATE 2030 plan targets further expansion into Saudi Arabia and the MENA corridor.

The customer base is concentrated in three enterprise verticals - wind energy IPPs, infrastructure and construction companies, and the power generation sector - served through direct enterprise sales with multi-month project lifecycles that lock in utilization for the term of the engagement. The business is highly capital-intensive, with fleet investment forming the primary barrier to scale, and the company's strategic priorities are geographic diversification (India core, Botswana and MENA growth), product deepening via the ACE partnership, and cost optimization under ELEVATE 2030.

Name

Sanghvi Movers Limited

Legal name

Sanghvi Movers Limited

Website

https://sanghvicranes.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sanghvi Movers Limited is India's largest crane rental services company, providing medium-to-large hydraulic telescopic and crawler cranes for heavy lift and project logistics across construction, infrastructure, and wind energy projects, supplemented by Wind Balance of Plant services via subsidiary Sangreen Future Renewable and international operations through Botswana.

Ownership category

akta.pro rank

Product category

Crane Rental Services

NAICS

Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing (53241)

SIC

Services-Miscellaneous Equipment Rental & Leasing (7350), Construction Machinery & Equip (3531)

akta.pro industry

PRIMARYIMAHAJAN

Lifting & Hoisting Rental & Leasing

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Lifting, Hoisting & Crane Equipment

SECONDARYTLABAFAD

Cranes & Heavy Lifting Equipment Rental/Leasing

Transportation & Logistics/Fleet Leasing, Rental & Management/Construction & Industrial Equipment Rental/Leasing (Earthmoving, Material Handling, Aerial)

SECONDARYIMAHAJAA

Mobile & Crawler Cranes

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Lifting, Hoisting & Crane Equipment

Keywords

• Crane rental services
• Heavy lift equipment
• Wind energy services
• Infrastructure logistics
• Project logistics

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Others

Revenue model

1. Crane Rental Services: Revenue from renting cranes and heavy lift equipment to construction, infrastructure, and wind energy companies. Primary revenue driver with FY26 revenue of Rs 10,700 million representing 36.8% year-on-year increase.
2. Wind Energy Project Services: Wind Balance of Plant services including WTG foundation construction, transportation, installation, and infrastructure development through subsidiary Sangreen Future Renewable. Secured Rs 292 crore orders from Independent Power Producers.
3. Heavy Lift and Material Handling: Services for heavy lift and material handling operations in infrastructure projects, supporting improved demand conditions and high utilization rates.

Go-to-market motion2 records

Core offering

Sanghvi Movers Limited is India's largest crane rental company, operating a fleet of medium to large-sized heavy duty hydraulic telescopic and crawler cranes for construction, infrastructure, and industrial projects. The company provides heavy lift and material handling services, along with Wind Balance of Plant services (WTG foundation construction, transportation, and installation) through its subsidiary Sangreen Future Renewable. It also operates international crane rental operations in Africa through its Botswana subsidiary.

Product overview

Sanghvi Movers Limited operates as India’s largest crane rental company offering a unified portfolio of heavy lift and project logistics services. The core business provides crane rental services for construction and infrastructure projects, supported by subsidiary Sangreen Future Renewable which offers Wind Balance of Plant services including WTG foundation construction, transportation, and installation for renewable energy projects. The company operates the ELEVATE 2030 transformation plan to expand internationally into Saudi Arabia and the MENA corridor.

Differentiator

Problem solved

Functional benefit

Products and services

• Crane Rental Services Rental of medium to large-sized heavy duty hydraulic telescopic and crawler cranes to construction, infrastructure, and industrial clients across India, with 79% fleet utilization rates.
• Wind Balance of Plant Services Turnkey wind energy infrastructure services including WTG (wind turbine generator) foundation construction, transportation, installation, and related infrastructure development, delivered through subsidiary Sangreen Future Renewable to Independent Power Producers.
• International Crane Rental Operations Crane rental services offered outside India through the Botswana subsidiary, with planned expansion into Saudi Arabia and the MENA corridor under the ELEVATE 2030 transformation plan.

Quantifiable outcome

• 36.8% year-on-year revenue increase to Rs 10,700 million in FY26
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• HPCL (Hindustan Petroleum Corporation Limited)minorOthers · 20 January 2026HPCL signed a 10-year LNG procurement agreement with Abu Dhabi Gas Liquefaction Company valued at $4.3 million for Sanghvi Movers Botswana operations, providing energy supply for the company's African subsidiary.
• Action Construction Equipment Ltd (ACE)coreStrategic or Co-development Partner · 22 December 2025ACE and Sanghvi Movers entered a strategic partnership under which a significant share of ACE's large-crane production over two years will be deployed with Sanghvi Movers, including both crawler and truck-mounted cranes. The partnership supports India's Atmanirbhar Bharat (self-reliant India) vision and Make in India initiative, promoting domestic manufacturing of heavy construction equipment. Sanghvi Movers will expand its fleet with ACE's indigenously manufactured cranes to reduce import dependency and strengthen national capabilities.
• Action Construction Equipment Ltd (ACE)coreStrategic or Co-development Partner · 11 December 2025ACE and Sanghvi Movers Ltd signed a Memorandum of Understanding to boost deployment of indigenously manufactured Heavy Slew Cranes in India, supporting the government's Aatmanirbhar Bharat vision under the Make in India initiative.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Action Construction Equipment Ltd (ACE): Indian construction equipment and crane manufacturer, strategic partner of Sanghvi Movers for indigenously manufactured heavy slew cranes. Adjacent player in the value chain with overlap in mobile cranes in India.

Direct peers

• Sarens: Belgium-headquartered global leader in heavy lifting and engineered transport, operating one of the world's largest crane rental fleets. Direct peer to Sanghvi Movers in heavy-lift crane rental services for infrastructure, energy, and industrial projects.
• All Erection & Crane Rental Corp: US crawler, hydraulic, and tower crane rental specialist serving industrial, commercial, and infrastructure customers. Directly comparable as a regional crane rental pure-play.
• Bigge Crane and Rigging: US-based crane rental and rigging services company operating crawler, hydraulic, and tower crane fleets for construction and industrial projects. Direct peer in dedicated crane rental business model.
• Mammoet: Dutch heavy lifting and transport specialist with a global crawler and mobile crane fleet serving oil & gas, energy, mining, and civil infrastructure. Closely comparable business model and customer base to Sanghvi Movers' heavy-lift crane rental operations.
• Maxim Crane Works: One of the largest crane rental companies in North America operating a diverse fleet of hydraulic, crawler, and tower cranes. Direct comparable in fleet scale and end-market exposure to construction and infrastructure.

Broad incumbents

• Liebherr: Global manufacturer of mobile, crawler, and tower cranes plus a broad construction and mining equipment portfolio. Indirect comparable as the dominant global OEM supplying to crane rental operators worldwide.
• Terex Corporation: Diversified US equipment manufacturer with aerial work platforms, materials processing, and a cranes segment that supplies mobile and rough-terrain cranes. Broad incumbent player serving the same end markets in India and globally.
• Manitowoc Cranes: Global manufacturer of crawler, mobile, and tower cranes under the Grove, Potain, and Manitowoc brands. Comparable as a major global crane OEM whose products Sanghvi Movers' fleet is benchmarked against.
• Kobelco Construction Machinery: Japanese manufacturer of crawler and mini excavators plus a global crane business. Comparable as a multinational construction equipment and crane supplier with active India presence competing in mobile crane segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Sanghvi_Movers
• Facebookfacebook.com/sanghvimovers
• LinkedInlinkedin.com/company/sanghvi-movers-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sanghvi Movers Limited