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ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

2025-12-12

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.

The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak Mahindra Bank’s nationwide network. The agreement was formalised in Mumbai in the presence of Sorab Agarwal, Executive Director, ACE and Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank.

The initiative has been driven significantly by Vinod Chauhan, Senior Ex. Vice President, Kotak Mahindra Bank, who oversees the bank’s construction equipment financing portfolio and has shaped a customer-centric framework to improve accessibility for buyers. Under the partnership, Kotak Mahindra Bank will extend financing solutions for ACE’s range of robust backhoe loaders, offering competitive loan structures, simplified documentation, and faster approval processes.

“As a customer-centric organisation, our core philosophy is to deliver value-for-money products that offer high productivity at a competitive price. This collaboration with Kotak Mahindra Bank will further strengthen our ability to support customers by enabling customized financing packages that cater to their diverse business needs. The partnership is designed to simplify the equipment purchase process, improve affordability, and support business growth by offering a wide range of financial solutions tailored to specific customer requirements,” said Sorab Agarwal, Executive Director, ACE.

With this alliance, ACE aims to make equipment acquisition more seamless, encourage business expansion, and contribute to India’s ongoing infrastructure development push.

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