Wednesday, August 30, 2023

R. Dinesh Takes Over As Chairman Of TVS Supply Chain Solutions Ltd.

* Two new additional Independent Directors come on board -  Mr. K. Ananth Krishnan and Mr. Narayan K. Seshadri

TVS Supply Chain Solutions Limited (NSE: TVSSCS; BSE: 543965), a global supply chain solutions provider, and one of the largest and fastest growing integrated supply chain solutions providers in India, announced that its founder/promoter Mr. R. Dinesh (Executive Vice Chairman of the Company) has been appointed as the Executive Chairman of the Company by the honourable Board of Directors.  Mr. S. Mahalingam has stepped down as Chairman after completing his tenure of two terms as Independent Director, effective 29th August, 2023.

Further, TVS SCS, part of the TVS Mobility Group, announced the appointment of Mr. K. Ananth Krishnan and Mr. Narayan K. Seshadri as additional Independent Directors on its Board. With this appointment, the new Board will have 5 Independent Directors (the other 3 being Mr. Tarun Khanna, Mr. B. Sriram and Ms. Gauri Kumar).  Mr. S. Ravichandran, Non-Executive Director has resigned from the Board of the company to pursue his personal interests.

Mr. R. Dinesh, Executive Chairman, TVS Supply Chain Solutions Ltd., said, “I thank our Chairman Mr. S. Mahalingam for his mentorship and guidance through his tenure at TVS SCS. TVS SCS is now at an inflection point and poised to open yet another new chapter of exponential growth in its illustrious history. We always believed in the Growth Framework – Customer, Capability, Country – as we built on the company's resilient business model with multiple drivers for profitable growth.”

He further added, “As we embark on our next growth phase, I would like to extend a warm welcome to Mr. K. Ananth Krishnan and Mr. Narayan K. Seshadri to the Board in sync with our technology-driven client-centricity focus as well as constant business transformation goals. Further, their expertise will support TVS SCS on its continued growth journey as we work towards establishing our leadership as a technology-led Global Supply Chain player.”  

Mr. S. Mahalingam, the outgoing Chairman, said, “From its early years, TVS SCS perceived itself as a global multinational company. It continuously expanded its global footprint, while simultaneously creating local organisations, with a single name and purpose. I am happy that Mr. R. Dinesh, who has shown great entrepreneurship in building this organisation, will take over as the Chairman, as TVS SCS begins its journey as a listed company. I wish Mr. Dinesh and team all the best as he takes TVS SCS to greater heights.”

TVS SCS, which is promoted by TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited, and Ramachandhran Dinesh, successfully listed on the stock exchanges on 23rd August after a successful IPO.

About TVS Supply Chain Solutions

Promoted by the erstwhile TVS Group and now part of TVS Mobility Group, TVS Supply Chain Solutions Limited (“TVS SCS” or “Company”) is an India-based multinational company, who pioneered the development of the supply chain solutions market in India. For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. The Company’s global customers include 72 ‘Fortune Global 500 2021’ companies in the six-month period ended December 31, 2022. The Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.

TVS SCS provides specialized solutions spanning the entire value chain from sourcing to consumption, to reduce complexity in its customers’ supply chains by using technology, data analytics and execution experience. The company’s digital platforms are largely cloud-based, powered by a micro service-based architecture and are highly scalable and reliable, thereby enabling it to implement solutions across multiple geographies in a relatively short time.

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