I lead the operations of an equipment lessor by connecting the financial life of an asset with the service conditions it must meet at the customer's site.
I am COO of Qevthari Commercial Leasing in Vadodara. We own commercial refrigeration assets placed with enterprise customers, including modular cold rooms and display cabinets. I lead 210 operations colleagues across six depots and report to the CEO. Our ₹310 crore net leased-asset value describes company capital employed; it is not a lending book or a measure of my personal authority.
My career began in maintenance-service coordination after a commerce degree. I learned that the availability of a unit in a depot did not settle whether it could be installed, serviced or returned on the terms a customer expected. Joining the lessor in 2007 added the financial consequence of keeping an asset through several placements. The job was no longer only to complete a visit. It was to make the promised use credible across the asset's working life.
The cases here concern off-hire dates, site readiness, replacement reserves, return-condition evidence and the energy burden of a purchase choice. I have accepted more capital tied up outside active leases and withdrawn proposed charges the records did not support. I also changed my earlier preference for maximising the number of units on rent. A complete operating account should explain the service behind the income and the limits of the evidence, rather than turn every occupied asset into proof that the business is working well.
The collection date was not always the rental end
A review of 73 return notices found 49 meeting the agreed off-hire conditions before our later collection. We corrected ₹16.4 lakh in charges for that group. The other 24 notices required further work and were not treated as completed returns.
Capacity held for a service obligation
Forty-eight replacement units required ₹9.6 crore of capital in 2025. Holding them outside ordinary placements reduced the headline utilisation rate. Later callout results remained mixed; buying reserve assets did not establish that every replacement promise could be met.
A charge needs evidence of the condition change
Of ₹31 lakh initially proposed across 37 returns, ₹22 lakh was supported after review and ₹9 lakh was withdrawn. Those were proposed charges, not cash recovered or refunded. The company accepted the unsupported amount rather than infer customer responsibility from the repair bill alone.
Current focus
I am making the asset account more useful across placement, service and return. That includes distinguishing physical availability from site suitability, reserve capacity from idle investment and an observed condition from the responsibility for it. Technical assessments, contractual treatment and accounting decisions remain with the relevant qualified owners.
Conversations I welcome
I am interested in one outside board contribution where asset services and capital discipline need to be considered together. I have no statutory seat. My fictional databank registration and assessment are complete, but suitability, independence and twenty-six provisional days of capacity still require a specific appointment review.