Ten-League International Holdings TLIH

Ten-League International Holdings Ltd is a Singapore based provider of turnkey project solutions. The company’s core business comprises the sale of heavy equipment and parts, the rental of heavy equipment, and the delivery of engineering consultancy services to clients operating in the port, construction, civil engineering and underground foundation industries. It supplies a range of machinery that includes foundation equipment such as drilling rigs, hoist equipment such as telescopic and lattice boom cranes, excavation equipment such as excavators, and port machinery such as reach stackers and empty container handlers.

The company generates revenue from three principal streams: the sale of new and used heavy equipment together with spare parts, the rental of its fleet of machinery under various short term and long term agreements, and fees earned from engineering consultancy services that provide value added solutions such as equipment retrofitting, modernization, fleet management and the design, supply, installation, testing and commissioning of battery swap stations and associated charging infrastructure. These revenue streams are supported by the company’s inventory of high demand models, its flexible rental terms that range from daily to monthly leases, and its in house engineering team that works with partners like SANY and a technology partner to develop customized enhancements for customer equipment.

The company operates through the following segments.

• Equipment Sales Business: This segment involves the procurement of new and used heavy equipment, primarily sourced from manufacturers such as SANY, and its subsequent resale to customers. The segment maintains an inventory of high demand models, including cranes, excavators, drilling rigs and other machinery, to ensure timely delivery against purchase commitments and to cater to the construction, infrastructure and port sectors.
• Equipment Rental Business: This segment provides the rental of a broad array of heavy equipment on flexible terms ranging from daily to monthly leases. The rental fleet serves contractors who need compliant machinery for short term projects while also offering extended leases for longer durations, with equipment such as cranes, excavators, loaders and port machinery made available to meet safety and regulatory standards.
• Engineering Consultancy Services: This segment delivers value added engineering solutions that include equipment retrofitting, modernization, fleet management, battery swap station design and installation, and other technical enhancements aimed at improving safety, reliability and productivity. The segment works closely with partners such as SANY and a technology partner to develop software, sensor fusion and remote control systems that are integrated into the machinery sold or rented by the company.

Ten-League International Holdings Ltd regards itself as one of the leading Singapore based providers of turnkey project solutions in a highly fragmented heavy equipment market that includes large multinational distributors and numerous small independent firms. Its competitive strengths stem from an established reputation for quality and reliability, the ability to offer a comprehensive one stop solution covering sales, rental and engineering services, a long term strategic partnership with major manufacturer SANY that secures favorable pricing and a steady supply of advanced equipment, and an experienced management team with deep industry knowledge and extensive networks. These advantages enable the company to compete effectively on the basis of availability, quality, reliability, delivery and price, while also differentiating itself through innovative value added services such as IoT enabled equipment monitoring and customized battery swap infrastructure.

The company’s customer base consists primarily of port operators, construction firms, civil engineering contractors and foundation specialists located in Singapore, with a significant concentration of clients engaged in infrastructure and government linked projects. Among its customers is a leading port operator in Singapore to whom the company has supplied electric reach stackers, empty container handlers and battery swap infrastructure since 2021, and it also serves numerous construction companies involved in public sector works and private development projects. Although specific customer names are not disclosed beyond the leading port operator, the company reports that its five largest customers collectively accounted for approximately 38.2% of revenue in 2023, 41.3% in 2024 and 45.9% in 2025, with the largest single customer contributing about 9.5%, 18.4% and 15.2% of total net revenue in those respective years.