Rajkumar Modi, the founder and acting Chairman of the board of Mtandt Group,

passed away in Chennai. He was 71 years old. ?The Modi family and employees are saddened by the passing of Rajkumar Modi - the icon of the company. Through his drive and desire to lead change, Mr Modi helped shape Mtandt in becoming the top player in Aerial Work Platform industry today,? said Pradeep Agarwal, Associate Director, Mtandt Group. ?He will be remembered for his love and dedication to Mtandt as a company, brand and family and will be greatly missed.? ?He was a great father and always led us through examples, his vision to provide happiness by inspiring enthusiasm, passion, fearlessness and optimism in the lives of people we touch every day will always guide us, not only in business, but also in being a good human being who values human relationship above all,? added Rakesh Modi, eldest son of Rajkumar Modi and Managing Director of Mtandt Group. Rajkumar Modi founded Mtandt Group in 1974 and served the group for four decades as a Chairman. Under his leadership, the company has seen the exponential growth and become the leader in the industry from a small tools shop. He was always

admired and respected for his management approach and his relationship with the employees of the company.