Founded in year 2007, GEAR is India’s largest leading Warehousing/Intralogistics Material Handling Equipment (MHE) rental service provider. The DNA being providing efficient and cost effective rental solutions for tasks such as stacking, lifting and moving. The success for GEAR has been the partnership with their clients for hiring the desired services facilitating them in gaining control over their core business. GEAR team with their healthy experience ensures timely deployment, essential up-time in line with agreed productivity. .
The Company is promoted and backed by two private equity investment firms, Berggruen Holdings and Cycladic Capital.
GEAR is promoted by two private equity investment funds, Berggruen Holdings and Cycladic Capital.
Berggruen Holdings manages in excess of US$2 billion of net assets and has 8 investment offices globally. In India, it invests between US$ 20 – 100 million in start up ventures, private equity, secondary market and real estate. Berggruen has committed US$ 300 million and has already invested US$ 100 million in India
Cycladic Capital has invested over $500 million in investment opportunities in small and mid sized public and private companies predominantly in Europe. Cycladic has significant experience investing in the equipment rental business on a global basis. The Firm was the core investor in Ashtead plc and Lavendon plc, is the promoter of GEAR and has recently seeded an equipment rental business in Nigeria.