Rajvi Logitrade Upscales Fleet Strategy With New Lease Pacts

Nikunj Parikh - Mumbai Bureau Jun 01, 2026 900 Views

Rajvi Logitrade has refreshed and expanded its commercial vehicle leasing arrangements effective June 1, 2026, in a move aimed at sharpening fleet flexibility and managing logistics costs more efficiently. The company has cancelled its earlier lease contracts and replaced them with higher-capacity, short-tenor agreements that better reflect current demand dynamics.

In an exchange filing, Rajvi Logitrade said it has terminated its February 12, 2026 lease deals and entered into new agreements with both an individual lessor and a corporate logistics partner. The company highlighted that the revised structure is designed to support operational efficiency, optimise fleet size during slower periods and respond faster to spikes in customer requirements.

Reworked Leases And Financial Terms

The company has cancelled its previous lease for 33 vehicles with Bhupendrasinh Dalpatsinh Rana and signed a fresh agreement to lease 44 commercial vehicles from June 1, 2026, for 11 months. Under this contract, Rajvi will pay monthly rentals of ₹15.4 lakh plus GST, alongside a refundable security deposit of ₹3.11 crore carrying 9% annual interest. A separate earlier agreement with Rajvi Cargo Movers Private Limited has also been replaced with a new 11‑month lease for three commercial vehicles at a monthly rental of ₹1 lakh plus GST and a refundable security deposit of ₹21 lakh, also at 9% interest.

Governance, Related Party Angle And Rationale

The company has clarified that while Bhupendrasinh Dalpatsinh Rana is the brother of promoter-director Narendrasinh Dalpatsinh Rana, the transaction is structured at arm’s length, with no special rights or board nomination privileges arising from the lease. The Rajvi Cargo Movers arrangement is not a related-party deal. Management framed the reset as a strategic logistics decision intended to right-size capacity, support timely deliveries, and maintain cost discipline.

Key highlights

Existing February 2026 lease for 33 vehicles cancelled and replaced with 44-vehicle lease
New 44-vehicle contract carries ₹15.4 lakh monthly rental plus GST for 11 months
Refundable security deposit of ₹3.11 crore at 9% annual interest on the larger lease
Separate new lease for three vehicles with Rajvi Cargo Movers at ₹1 lakh per month plus GST
One lease classified as related party but stated to be at arm’s length, with no special rights attached