22 October 2019

Interaction-Amit Chakravorty, Chairman, Eqpt.in

Our plans are to change the traditional pattern of hiring construction equipment

Companies like Eqpt.in are creating a revolution in Infrastructure Industry by creating a disruptive change.The Indian Infrastructure Sector is a classic example of an industry which gets in mire due to it being cyclical in nature and the fact that the sector requires huge CAPEX makes matters worse. Even though in the last few years, this industry has witnessed a lot of innovations and with the infra world hotting up in India in terms of new construction, such as building, metros, hydro and many more projects, still the news in the media is full of stories as to how big daddies of Infrastructure are also struggling to get out of debt trap due to huge investments in Capital Equipment.  AMIT CHAKRAVORTY, CHAIRMAN, EQPT.IN spoke to CONSTRUCTION OPPORTUNITIES on his young company which is silently creating a revolution in the sector and showing the way as to how to manage CAPEX and unlock hidden value.

 

Briefly tell us about your portal and the key features/USPs/Value Additions that have contributed in strengthening and maintaining your stronghold in the market?

Eqpt.in provides online construction equipment platform which aims to create a fair priced, transparent and customer friendly equipment atmosphere. It provides services like detailed information about Equipment, comparison of equipment, rental services, buy and sale of used equipment etc. It aims to reduce the upfront capital expenditure of equipment involved in the infrastructure industry, thereby increasing profitability. Our services also include equipment info/compare portal, the info portal allows the users to view the feature and specifications of an equipment, where in the user can compare up to six equipment at a time.

 

How comprehensive and accurate is the content on your portal? Please provide us details as to the brands associated .

Eqpt.in has gathered the specifications of around 2800 models across 160 brands. The details have been taken after interacting with equipment owners. We are in the process of on boarding more equipment owners.

The rental module of our portal is divided into different categories of equipment - Generators, Earth movers, Hauling and transportation, Concreting Equipment, Material handling Equipment, Drilling and piling Equipment, Road Construction equipment and others.

 

Please offer your assessment of the importance of shows like bauma CONEXPO INDIA for companies such as yours and tell us of your own previous experience?

Bauma CONEXPO India is an important meeting place for the Indian construction machinery industry and is the gateway for international enterprises to the Indian market. It is an ideal forum to bring together businesses, customers, government bodies and investors to showcase and share products that will drive infrastructure growth in future.

Market leaders, global players and decision-makers are present at BAUMA CONEXPO INDIA. It is the one of the leading platforms for tapping into this important growth market of construction machinery, building material machines, mining machines, construction vehicles and equipment.

 

As a company what are your specific plans for bauma CONEXPO INDIA 2016 – have you devised any new marketing strategy to push your services?

As a company our plans are to change the traditional pattern of construction industry hiring of equipment. We plan to make aware different stakeholders of construction industry. We plan to utilise this platform to connect with contractors, builders as well as with OEMs to showcase our platform to them and how it can be beneficial to them in the short term and long term in an innovative way.

 

Are you also looking for new collaborations and tie – ups at bauma?

We are looking for new collaborations and tie-ups. Our intention for partnership is to promote business jointly for mutual benefit. In BAUMA we are trying to reach out to OEMs, contractors and builders.

 

Give us an understanding of your company’s performance this year and your outlook going forward?

Within one year of launch Eqpt.in has managed to register over 20000 equipment for rent over 20 plus cities across India. Specifications of around 2800 models of equipment is already available on our info portal with 8 main and 37 sub categories. We have been getting good response from the equipment seekers. Being innovators in this domain in India we understand that this is a early stage for shifting from traditional way to online mechanism.

We therefore see tremendous potential in the years to come for OEMs, equipment owners and seekers to get the benefit from such online platforms.




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