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• Krank Marks 10 Years Building the Operational Layer Behind Heavy Equipment

Krank Marks 10 Years Building the Operational Layer Behind Heavy Equipment

• News
• April 2026

On its tenth anniversary, Krank reflects on its evolution from a focused marketplace into a technology company building the operational infrastructure behind how heavy equipment is managed, inspected, and transacted across its lifecycle.

Team Krank at its Karachi office

Founded in 2016 by CEO Mark Turner and co-founder and CTO Khurram Mumtaz, the company was born out of firsthand experience in the construction and industrial sectors, where fragmented workflows, manual processes, and disconnected systems routinely slowed down decision-making and asset movement.

Over a pint, long-standing industry peers Turner and David McCarthy explored ideas for a business name, ultimately landing on “Krank”- a reference to a crankshaft, the component responsible for driving an engine, reflecting the company’s ambition to power movement within the industry. McCarthy later went on to join Krank full-time as Global Head of Sales, where he has played a key role in scaling the company’s commercial operations and driving enterprise adoption.

From transactions to infrastructure

Krank began by tackling inefficiencies in equipment transactions, launching auction and marketplace solutions designed to bring structure and transparency to a traditionally opaque process. Early traction validated the approach, with the platform facilitating millions of dollars in equipment sales across multiple markets.

However, as adoption grew, a more fundamental issue became clear. The real friction was not limited to buying and selling; in reality It existed across the entire operational layer: inspections, asset data capture, field workflows, and reporting.

As Mumtaz explains: “Early on, we were focused on transactions. Over time, it became clear the bigger opportunity was everything around them. How data is captured, how decisions are made, and how operations actually run day to day.”

This realisation marked a turning point, repositioning Krank from a transaction platform into a broader operational layer designed to connect systems, workflows, and real-world execution.

Built through iteration, close to the field

Over the past decade, Krank has evolved through continuous iteration alongside its customers, supporting thousands of equipment listings and significant volumes of asset value across auctions and direct sales.

Today, the platform is used by OEMs, dealers, rental companies, and fleet operators across multiple regions. Its infrastructure is designed to operate in complex, high-volume environments, integrating with existing enterprise systems rather than replacing them.

Turner shares: “What’s mattered most is staying close to how the industry actually works.“A lot of what we’ve built has come directly from understanding the gaps in day-to-day operations and being willing to rethink things as we go.”

Mark Turner, CEO of Krank

A connected ecosystem

This evolution is reflected in Krank’s expanding product ecosystem. Its aggregated marketplace, Heavy Kit connects inventory across sellers into a single discovery layer. Alongside this, the Inspeq platform provides a structured, real-time operational layer for inspections and field workflows.

Rather than acting as standalone tools, these systems are designed to work together, linking inspection data, asset condition, and transaction readiness into a unified flow. This approach enables businesses to move from fragmented processes toward more consistent, measurable operations, with greater visibility across teams and locations.

The next chapter

As Krank enters its second decade, the company continues to invest heavily in product development, with a full roadmap focused on expanding its operational intelligence layer, deepening integrations, and accelerating deployment across enterprise customers.

With teams operating across the UK and Pakistan, and recent expansion into Australia following the appointment of John O'Sullivan, the business remains focused on rapid iteration, close customer collaboration, and building technology that reflects real-world operational demands.

“What I’m most proud of is the team. They’re a group of people who take ownership and care deeply about what they build. Even after ten years, it still feels like we’re just getting started,” concluded Mumtaz.