* Funds to be used for future growth and for transformational initiatives
TVS Supply Chain Solutions (TVS SCS), one of the World’s leading providers of Integrated Supply Chain Solutions which includes Global Forwarding and Last Mile, today announced that it had raised INR 590 cr from a fund managed by Exor, the Europe-based leading diversified holding company controlled by the Agnelli family (www.exor.com).
TVS SCS will use the fund to grow its business, further strengthen its technology capability, and for other transformational initiatives. Earlier this year, Exor, through another fund managed by them, had invested in Ki Mobility Solutions – a subsidiary of TVS Automobile Solutions.
Mr. R. Dinesh, Managing Director, TVS Supply Chain Solutions, said, “The investment by Exor reiterates TVS SCS’ growth potential and our vision. Supply Chain as a sector in India is expected to grow in double digits and TVS SCS will leverage its tech-enabled Global solutions to outgrow the industry. I am confident that this investment will significantly add value to our business and provide the necessary impetus to achieve our growth potential.”
Rothschild & Co. partnered with TVS SCS on this transaction in line with the strategic vision of the organisation. Khaitan & Co. and Nishith Desai Associates acted as counsel to TVS SCS and Exor respectively for this deal.
About TVS Supply Chain Solutions
TVS Supply Chain Solutions (TVS SCS) is a leading Indian multi-national company, with the experience to address Supply Chain challenges for international organisations, Government departments, large and medium-sized businesses through its fully integrated service offerings. It provides a range of supply chain services from Integrated Supply Chain Solutions to Global Forwarding and Last Mile Solutions tailored to its customers’ needs.
TVS SCS has grown both organically and through strategic acquisitions to become a fully integrated Global Supply Chain solutions provider with over 18,000 dedicated employees. The organisation has been able to deliver value to its customers in every country of its presence, through continuous innovation, differentiation, and quality of service. It serves customers in over 50 countries covering India, UK & Europe, Americas, Asia Pacific and Oceania.