A virtual platform, where CE owners from anywhere in India can list their equipment to find the right buyers

 Hiremymachine is a web portal, which can help the construction industry unlock its vast resource of construction equipment lying idle at yards and slowly turning into useless piece of metal or scrap.

The construction industry in itself is passing through a very tough phase, and this idling is further breaking our economics, so we came up with the idea that   people should give out their idle equipment for rent in their own terms. This can be done by individual owners as well as large construction companies who own multiple equipment.

An individual business owner or company still believes in hiring out their equipment but the big companies don’t believe in letting out their equipment on hire owing to their company policies. Plants and machinery department of every company should be a profit oriented and willing to rent out their construction equipment rather than allowing it to sit idle in yards.

Companies can list their CE on Hiremymachine. In this way, rental companies can have a bigger market presence. There are many large rental companies having all sort of small and large machinery available for rent. However, a small or mid-size contractor does not approach these large companies assuming their rates will be high and their terms stringent. By uploading photograph and details of their machinery on the Hiremymachine portal these rental companies can break this boundary that exists.

Buying of construction equipment has become easy as there is need to pay a small or zero down payment depending on the equipment and company credibility. Individuals and companies buy these expensive equipment without doing proper project calculations, and when these machineries get idle they are not able to pay the instalments, making banks vulnerable. Companies can get help from www.hiremymachine.com by uploading pictures and details of their idle equipment.

Construction equipment are used by several people like farmers, residential plot owners, factory owners, warehouses and potentially every business that at anytime needs to use a CE. Banks can use Hiremymachine to sell the equipment which they have got back from defaulters.

The portal makes great sense in terms of logistics. If a company in Delhi takes some work in a village in Andhra Pradesh, they don’t have to worry about hiring CE’s. Using Hiremymachine can give them construction equipment that is close to his place of work.

To do business at this portal there should be a person demanding for a machine and a person has that particular machine. It reinforces the principle that to do business through this portal that only two people who know each other can do business. In India, as of now there is only 8-9 per cent hiring of equipment while in developed countries like Japan the hiring percentage is 88-90 per cent. “We can start believing in hiring rather than purchasing new equipment every time,” says Girish Jaggi, CEO and Founder, Hiremymachine. He adds, “This phenomenon will lead to competition, helping all concerned as consumers, machine owners, machine manufacturers, spares and service industry and all others who deal directly or indirectly with CE.”

Hiremymachine is simple and user friendly. “The listing on the site is free. There is no fee or commission until you get any business. There is a onetime commission and we exchange the details and dates of the parties concerned,” Mr Jaggi informs. n
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We can start believing in hiring rather than purchasing new equipment every time.
Girish Jaggi,
CEO and Founder,
Hire MY Machine