February 2, 2021
Welcome focus on cutting logistics cost – R. Dinesh’s budget views
The Budget has used the Covid crisis as an opportunity to bring in the necessary focus on infrastructure investments...
TVS Supply Chain Solutions (TVS SCS), a leading supply chain management services company and part of the $8.5 bn TVS group, announced that Mitsubishi Corporation (MC), Japan, has invested in TVS SCS for a minority stake. MC’s investment is through a secondary market transaction which will allow an existing investor – Tata Opportunities Fund – to secure a partial exit. The Tata Opportunities Fund (TOF) initially came on board in 2015 as a minority partner and invested across multiple rounds in TVS SCS to fund acquisitions and support TVS SCS’ future growth. However, TOF will continue to hold a residual stake and remains a critical strategic investment partner for TVS SCS.
For TVS SCS, this investment will further strengthen its leadership position, to a much larger customer footprint, by extending its complete suite of digital supply chain solutions and value-added services.
Says R. Dinesh, Managing Director, TVS Supply Chain Solutions, “TVS SCS has pivoted into new segments and addressed opportunities arising out of COVID through customer-focused offerings and digital capabilities. Our innovative solutions and differentiated approach make TVS SCS a preferred supply chain partner to our clients. Through our partnership with Mitsubishi Corporation, we aim to accelerate our growth in the years to come.”
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