July 11, 2022
The GST launch: An inflection point for India’s logistics sector
Read Mr. R. Dinesh, our Executive Vice Chairman’s Editorial article for Mint newspaper here...
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.”
To read the full article, click here.