With an Eye on Expansion Dubai-based MyCrane Makes an Investment in India

Mycrane, an online platform for renting cranes, has established wholly-owned operations in India. 

Series A funding has significantly contributed to the worldwide expansion of Mycrane, a company that employs technological solutions to increase productivity in the broader construction industry.

Established in 2021, MYCRANE is the inaugural worldwide business-to-business platform specialising in online crane rental. It provides an all-encompassing resolution for contractors and clients requiring crane services. Its main office is located in Dubai, United Arab Emirates.

Mycrane's local associates Rajiv Waichal, situated in Pune, Maharashtra, and Ganesh M Patil, situated in Surat, Gujarat, will be responsible for managing operations in India. Expansion throughout India will ensue in the following months.

The management of operations in India is handled by Mycrane's local associates.

According to Andrei Geikalo, founder and CEO of Mycrane, India is anticipated to have one of the most rapid economic expansions over the next five years, beginning in 2023. India's ascent is beyond dispute, as evidenced by the record order of new aircraft from Airbus and Boeing, the construction of new semi-conductor facilities in Gujarat, and the innumerable infrastructure projects underway in Mumbai.

Waichal and Patil are both former Reliance Industries employees.

In addition to supervising after-sales service for Tadano Cranes, Waichal was a Terex India employee. Patil, a certified mechanical engineer with two decades of experience dealing with large commercial vehicles and material handling equipment, was formerly employed by Tractors India, Grove, and Manitowoc, among other OEMs and crane manufacturers.

At present, the free-to-use platform of Mycrane, headquartered in Dubai, functions with over 15,000 cranes available for hire and over 3,000 registered customers.