Investment in Sanghvi

18 April 2008

India: A group of investment companies have acquired a 23% stake in India's largest crane rental house, Sanghvi Movers. The investors are Olympus Capital Holdings Asia, Clearwater Capital Partners and Voyager. Chandrakant Sanghvi, chairman and managing director of Sanghvi Movers said, “We are excited to have such well-regarded international investors take a position in the company.

Frederick Long of Olympus Capital Founding, who has been appointed a director of Sanghvi Movers, said, “Sanghvi Movers has established a very impressive track record and market position in the crane rental industry in India.”

Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Girotti is new GM at Manitex Valla
Fabrizio Girotti now responsible for Italian manufacturer Valla cranes in addition to Oil & Steel aerials
David Scales joins Chesterfield Trading sales team
Effective February 1, Scales will become a member of the sales team as a crane, wire rope and rigging specialist.
Huisman to build another 2,600 tonne crane
Second 2,600 tonne capacity offshore wind turbine installation vessel crane for Eneti via DSME
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail:
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: