Quippo construction equipment is the pioneer in equipment renting and equipment banking services. Being the biggest organized player in this sector establishing leadership in the same is its prime focus says H S Bhattacharjya, Managing Director, Quippo Construction Equipment Ltd in an interaction with EPC World.
Can you please apprise us about the achievements of Quippo?
Quippo is the largest comprehensive equipment service provider with deepest geographic reach with 50+ Yards and spokes at strategic locations and managing a fleet mix of 1000+ equipment across business lines. With a high degree of asset management capabilities along with in-depth knowledge and expertise in equipment rental and allied businesses, Quippo has been able to differentiate itself as a market leader. Quippo serves sectors like infrastructure development, real estate, highway projects, power plants and many more. We offer an entire gamut of services like rental, asset management and disposal services, besides providing tailor made solutions to our customers as per their requirement.
Please tell us about the company’s preference for renting equipment instead of purchasing it.?
Purpose of equipment renting is to reduce the time and cost overruns in execution of project and optimize the capital efficiency on construction. Renting allows conservation of capital, better control over expenses, saving on storage & warehousing cost, manpower & administrative costs. Quippo believes that under the current economic scenario, project developers will choose renting over investing in new equipment. Also renting provides flexibility of use of equipment to project developers.
Can you please tell us about the concept of equipment bank?
Equipment bank is a very unique concept, in which Quippo provides services like equipment parking, 24×7 security support, equipment repair & maintenance support, re-renting the fleet to our customers so that the equipment owner also generates revenue and last but not the least disposal support, if required. Under equipment banking concept Quippo provides end to end solutions to the equipment owners.
Disposal of equipment requires an unbiased valuation of the asset. What does Quippo do for this process?
Quippo has been into valuation for a decade now and has been providing its services through expert team of qualified valuers. Our valuations are based on real market analysis, evidences, actual condition of the equipment and in depth research. Our reports are used for audits, fair value accounting and to assess the real value of the equipment.
With all the services that Quippo provides, especially equipment banking, do you think that Quippo is on the path of becoming the business aggregator for the construction equipment rental in India?
The equipment rental market in India is majorly unorganized with the presence of few organized players like Quippo. We have been trying since long to create an association / body that can represent the rental market in a bigger arena. Equipment banking is a concept wherein we want various small/mid-sized equipment owners who can attach with Quippo as a franchise / partner so as to grow in business volume.
Second hand construction equipment hardly has a platform to sell or purchase their equipment. What role is Quippo playing in this arena?
Quippo through its valuation wing provides online equipment disposal solutions to its customers. Over a period of time it has emerged as a top asset disposal company in India. We offer various modes of disposal to our customer like online auctions, live auctions, private treaty etc. These solutions are offered based on the number of fleet, their geographical presence and prospective customer base. Our motto is to provide best realizable value to our customer.
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