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Sanghvi Movers Ltd. Company History and Annual Growth Details

SANGHVI MOVERS LIMITED (SML) is the largest crane rental company in India and Asia, and the sixth-largest in the world as ranked by International Cranes (June 2023). Headquartered in Pune, SML was incorporated in 1989 and went through an Initial Public Offering in 1994. The shares of the company are traded on the Bombay Stock Exchange and National Stock Exchange. SML is an ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certified company. The Company has a fleet of 400+ medium to large-sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across 130+ operational job sites in India.

1989 - Sanghvi Movers Ltd. was incorporated as a Private Limited Company under the Companies Act, 1956, on 3rd November, with the Registrar of Companies, Maharashtra,
Mumbai, subsequently converted to Public Limited Company on 2/11/94 by passing Special Resolution in the Extraordinary General Meeting held on 1/10/1994.

- The Company is one of the leaders in the business of operating medium to large sized heavy duty hydraulic and crawler cranes. The Company provides material handling services
for various large scale projects where movement of material of heavy tonnage takes place.

- The Company provides an entire range of services which includes movement of materials, erection of equipment, assisting in fabrication, amongst other things. The Company also
provides skilled personnel and the required engineering services.

- The Company specializes in Diesel Operated, Hydraulic Truck Mounted Telescopic Cranes.

2000

- Crisil has reaffirmed A rating assigned to the NCD issue of the company and FA+ rating assigned to FD Programme of the company.

2007
- The Company has splits its face value from Rs10/- to Rs2/-.

2008
- Sanghvi Movers Ltd has informed that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, have appointed Mr. Dara N Damania and Mrs. Mina C Sanghvi as Additional Directors of the Company.

2009
- Sanghvi Movers Ltd has appointed Mr. Dinesh H. Munot as an Additional Director (Independent) of the Company.

2011
- Sanghvi Movers Limited has received order from Reliance Infrastructure Limited for 6 x 660 MW Ultra Mega Power Plant at Sasan in Madhya Pradesh. The order is for hiring of 600 ton and 750 ton capacity cranes. The order value is Rs. 16 Crores for hiring period of six months.
- Mr. Sanjay K. Asher appointed as Additional Director (Independent Director).

2012
- The Co. has recommended a Final Dividend of Rs. 3 per equity share.

2013
- The Co. has recommended a dividend @ 50% on the Equity Shares of a face value of Rs. 2.00 each, i.e. Re. 1 per share.

2014
- Sanghvi Movers L - Shifting of RTA Operations Link Intime India Pvt. Ltd., Mumbai to Link Intime India Pvt. Ltd., Pune.

2021

-SML Ranked 5th largest crane rental company worldwide and top leading company in India.

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