Business Operations

Msafe Equipments was incorporated in 2019, operates across the full value chain of manufacturing, sales, and rental of access equipment. Its offerings are widely used in construction, infrastructure development, maintenance, installation, repair, and industrial operations, significantly reducing workplace safety risks during elevated and vertical work.
The Company operates in a growing market, supported by rising infrastructure spending, urbanization, stricter safety regulations, and a shift toward advanced, certified scaffolding systems. The increasing preference for aluminium scaffolding due to its lightweight, corrosion resistance, and ease of assembly further supports long-term demand.

Product Portfolio

The Company’s product range includes:

i) Aluminium scaffoldings (stairway, podium, cantilever, bridge, narrow-width, extra-reach)
ii) Mild steel (MS) scaffoldings for high-load and long-duration projects
iii) Aluminium ladders (A-type, straight, platform, cage)
iv) FRP ladders, which are non-conductive and suitable for electrical applications

These products support activities such as façade works, HVAC and MEP installations, electrical works, interior finishing, firefighting, and warehouse operations.

Revenue Model

Msafe Equipments derives revenue from product sales and rental services, with rentals forming the dominant share. The rental model has consistently contributed over 50% of revenues in recent years, providing stable and recurring cash flows. Equipment is offered on weekly, fortnightly, or monthly rental terms, enabling customers to avoid upfront capital expenditure while ensuring predictable revenue for the Company. Operations are supported by a network of 17 warehouses across multiple states in India, which handle storage, dispatch, inspection, refurbishment, and quality checks—particularly critical for the rental business. This wide footprint enables efficient servicing of customers across regions.

Customer Base & Market Presence

The Company serves a diversified customer base across civil construction, infrastructure, HVAC, MEP, interior contracting, electrical contracting, warehousing, logistics, and safety services. In FY 2024–25, Msafe Equipments catered to over 2,500 customers through sales and rental channels. Products are sold across 22 states and 3 Union Territories, with limited exports to markets such as the UAE, Nigeria, and Maldives.

Competitive Strengths

i) Balanced revenue mix with strong recurring rental income
ii) In-house manufacturing capabilities with scalable capacity
iii) Diversified customer base across industries and geographies
iv) Extensive warehousing network supporting rentals and logistics
v) Experienced promoters and management team with domain expertise