Indian distribution and rental company Mtandt has appointed Pradeep Agarwal as group managing director effective today He replaces Rakesh Modi who becomes non-executive chairman, succeeding his father, the late Shri Rajkumar Modi who started the company in 1974.
Agarwal joined Mtandt in 2010 and was promoted to chief executive of Mtandt rentals in 2015, when Modi became group managing director. He joined Mtandt from Onicra Credit Rating Agency where he was chief financial officer for two years, having previously helped establish the women’s fashion brand ‘W’ at TCNS clothing where he head of finance for four and a half years..
He started out with Ernst and Young, before moving to Harris Communications in 1998 where he was head of finance and operations, moving to ‘W’ in 2002.
Agarwal said: “I am grateful to the board for entrusting me with the leadership of this amazing company. I am always driven by the vision and principles given by our founding chairman. His vision to provide happiness by inspiring enthusiasm, passion, fearlessness and optimism in the lives of people we touch every day will always guide us, not only in business, but also in being a good human being who values human relationship above all.”
Modi added: “We are delighted that Mr. Pradeep, who has repeatedly demonstrated that he has the vision and capacity to lead Mtandt into the future, is the new managing director.”
Mtandt sells, rents and services a wide range of aerial lifts, scaffold towers and telehandlers from manufacturers such as Dingli, Bravi, Ommelift, Snorkel, Magni, Oil & Steel, XCMG, Xtreme, Time manufacturing, Matilsa, Electroelsa, CMC and Teupen, along with PM and Unic loader cranes.