ACE Partners With KMB

Kotak Mahindra Bank to Enhance Affordability and Accessibility of Backhoe Loaders

The agreement was signed in the presence of Mr. Sorab Agarwal, Executive Director, ACE and Mr. Vinod Chauhan, Senior Ex. Vice President from Kotak Mahindra Bank, Mumbai.

FinTech BizNews Service

Mumbai, 11 December 2025: ACE- Action Construction Equipment Limited (ACE), World’s largest Pick-n-Carry manufacturer and India’s leading Material Handling and Construction Equipment Manufacturing Company, has announced a Memorandum of Understanding (MoU) with Kotak Mahindra Bank, Mumbai to expand access to flexible and customer-friendly financing for backhoe loaders buyers across the country.

The partnership is designed to provide contractors, infrastructure developers, entrepreneurs, SMEs, and emerging businesses with easier access to funding through tailored loan solutions, faster processing, and the extensive reach of Kotak Mahindra Bank’s national network.

The agreement was signed in the presence of Mr. Sorab Agarwal, Executive Director, ACE and Mr. Vinod Chauhan, Senior Ex. Vice President from Kotak Mahindra Bank, Mumbai. The initiative was significantly shaped by Mr. Vinod Chauhan from Kotak Mahindra Bank, who leads construction equipment financing for the bank, ensuring a comprehensive and customer-focused financial framework.

Through this association, Kotak Mahindra Bank will offer financing support ACE’s robust Backhoe Loaders. Customers across India will benefit from smoother financing procedures, competitive loan structures, quicker approvals, and broader accessibility.

Mr. Sorab Agarwal, Executive Director, ACE, said, “As a customer-centric organization, 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.”

This partnership further strengthens ACE’s commitment to enabling easier acquisition of equipment, promoting business growth, and supporting India’s ongoing infrastructure development.