March 16, 2020 | Press Release

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 has 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 both 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 been able to provide globally integrated solutions by leveraging its niche digital capabilities and strong footprint across UK/Europe, Asia and USA. While being highly customer focused, TVS SCS has been at the forefront of using technology in the supply chain domain. Its strategy of 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, 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.

POSTED ON March 16, 2020