Singapore based PE firm Gateway Partners commits to acquire minority stake in TVS Supply Chain Solutions
Chennai, 16th March 2020: TVS Supply Chain Solutions (TVS SCS), India’s leading end-to-end Supply Chain Management Services company and part of the $8.5 bn TVS group, today announced that private equity firm Gateway Partners had acquired a minority stake in TVS SCS for $100 million. This investment involves both primary portion and secondary element. The deal is the second-largest private equity investment in TVS SCS after CDPQ – one of North America’s largest pension fund managers – which invested $155 million in TVS SCS in 2016.
Mr. R. Dinesh, Managing Director, TVS Supply Chain Solutions, said, “We are glad to have Gateway Partners as a strategic investor. TVS SCS has been growing significantly in domestic and international operations thanks to our customer-focused approach and digital capabilities that we acquired over the years. I am confident Gateway as an investment partner will add value and help TVS SCS to expand its footprint and grow.”
Mr. Anand Kumar, Co-Founder, and Partner, Gateway Partners, said, “We look forward to working closely with TVS SCS and supporting its next stage of growth. As India’s largest supply chain company with a global footprint, TVS SCS is well-positioned to continue providing end-to-end solutions for international and Indian customers. Led by a world-class team and backed by a strong shareholder group, we believe the company is uniquely placed to leverage the growing global demand for value-added supply chain management services.”
TVS SCS – An Indian MNC with a strong Digital Focus:
TVS SCS is one of the largest companies in the 3PL and Supply Chain sector in India and has provided globally integrated solutions by leveraging its niche digital capabilities and strong footprint across UK/Europe, Asia, and the USA. While highly customer-focused, TVS SCS has been at the forefront of using technology in the supply chain domain. Its seamlessly integrating its unique digital capabilities with its wide physical network helps drive operational efficiencies and cost optimization for its clients. Specifically, the company is adopting emerging technologies such as Machine Learning, Artificial Intelligence, the Internet of Things (IoT), Vision Technology, amongst others, to develop new mobility solutions for its customers. This combination of providing integrated solutions coupled with intelligent digital interventions is expected to propel TVS SCS to continue to grow across its footprint.