BC Equipment Trading (EQUIPWELL) was incorporated in 2010 to take advantage of the reach, depth and infrastructure of GEAR, an associate company of BC Equipment Trading.
EQUIPWELL is an Company of GEAR which is presently India’s largest general construction equipment rental company in terms of fleet size and is fast gaining traction in the competitive world of MHE equipment rental.
EQUIPWELL’s objective is to acquire distributorship of quality products from World Class OEM’s and by leveraging the strength of GEAR’s network and infrastructure, deliver value to its principals, suppliers, shareholders and other stake holders.
EQUIPWELL has credible sponsors and a strong management team with deep domain expertise.
By pedigree, EQUIPWELL is an MNC, owned by UK and US funds and is the only professionally managed MNC company to straddle this space of MHE and construction equipment distribution and trading.
EQUIPWELL is headquartered at Mumbai and has regional offices in Ahmedabad, Bangalore Bhubaneshwar, Bhopal, Delhi, Hyderabad and Mumbai.
BC Equipment Trading (EQUIPWELL) is owned 55% by Berggruen Holdings, and 45% by Cycladic Capital.
The unprecedented growth in the economy and the logistics sector in particular is an opportunity laden with challenges for the Material Handling Equipment Sector (MHE).
Facilities with modern infrastructure such as high-bays, dock levelers, WMS, Forklifts and Reach Trucks, pallet racks, conveyors, ASRS, Automated Loading have become the need of the hour to ensure faster turn around and meet delivery schedules that become tighter day by day.
Traditionally, national warehousing players had just four walls and a roof with not much attention being given to flooring, height, dock doors, loading bays etc. And material handling and movement too was driven mainly by manual labor.
Due to globalization and entry of MNC players in the Indian economy, new techniques have been introduced to make material handling movement more safer and efficient. However, on account of shortage of quality vendors of MHE in India, large consumers such as Indian and MNC consumer goods companies have traditionally preferred to own and operate MHE fleets.
The MHE sector is estimated to be about Rs.1.5 trillion and is projected to grow @ a CAGR of 20%, Organized warehousing is growing at approximately 35 – 40% annually. However, the MHE equipment market in India is in its nascent stages. It is highly fragmented and market share is currently dominated by the two Indian incumbent players – Godrej and Voltas.
The product offerings from both these Indian players do not address the growing need of the Indian consumer for high quality, world class MHE which presents a big opportunity for established overseas OEM’s looking to expand their presence in India.
By leveraging on the MHE rental business of its associate company (GEAR) and its pan India network, BC Equipment Trading (operating under the brand ‘EQUIPWELL’), offers a compelling opportunity to TCM for partnering with a large Distributor with deep domain expertise, financial strength, ownership pedigree and pan – India network presence.
We are confident that as a distributor, EQUIPWELL can deliver growth, volumes and strategic depth in the growing Indian MHE market place to TCM.