Chandrakant Sanghvi chief executive of Indian heavy lifting company Sanghvi Movers passed away on Monday, April 8th
We have received the sad news this week that Chandrakant Sanghvi, chief executive of Indian heavy lifting company Sanghvi Movers passed away on Monday, April 8th, -following a battle with cancer, he was 65. We received the news at Bauma this morning and have now confirmed it. We will update this item with a look back at his career at a later date.
Sanghvi was born in Pune, India, gaining an engineering degree in metallurgy from the College of Engineering, Pune, followed by a masters degree in chemical engineering from Columbia University in the USA.
He established Sanghvi Movers in 1989, when he purchase of his first crane, a new 70 tonne Tadano TG 700E truck crane. He took the company public in 1995 and ordered a number of new cranes with the proceeds, including a Demag CC 2400 crawler crane. He made a daring breakthrough in 1998 when he shipped 36 cranes from Singapore to India for a contract at the massive Reliance Industries petrochemical plant being built in Jamnagar, Gujarat. The company he leaves operates from 17 locations with 1,500 employees.
He is survived by wife Mina, son Rishi - who has taken over the running of the business alongside joint managing director and chief financial officer Sham Kajale - and two daughters, Ruchi and Niyoshi.