Msafe Equipments: Scaling a Rental-Led Scaffolding Platform

The company manufactures, sells and rents scaffolding and access equipment, including aluminium scaffolding systems, mild steel scaffolding and FRP ladders.

The presentation describes rental as an annuity-like model with recurring income, minimal maintenance needs and an asset payback period of 1 to 1.5 years.

The investor presentation states the company operates 21 warehouses across India.

Aluminium scaffolding and ladders capacity is shown increasing from 15.12 kg lakhs to 25.12 kg lakhs, and mild steel scaffolding capacity from 62.85 kg lakhs to 90.00 kg lakhs.

Civil construction has commenced and the facility is expected to become operational by May 2027, as per management commentary and the capacity expansion slide.

The company has initiated formwork operations through rented premises and targets 500 tonnes per annum capacity, with management commentary indicating a target from December 2026.