TVS Logistics Services

VECV has been associated with TVS SCS since 2006 for in-plant logistics operations at its truck plant in Pithampur

TVS ILP has been the first corporate developer leading the path in Grade-A warehousing since its inception in 2005 with facilities across India

TVS Industrial & Logistics Parks (TVS ILP), which recently went public through a Rs 880 crore IPO, on Friday sold 4.5 per cent stake for Rs 51 crore to London-based Lingotto Investment Management, owned by Dutch group Exor. As per the deal, which involves picking up a large minority stake later, the Chennai-based logistics player has an enterprise value of Rs 2,800 crore. The TVS statement said the deal was carried out through secondary sale of 4.5 per cent in TVS Supply Chain Solutions for Rs 51.3 crore and the Dutch firm will soon acquire a significant minority stake in TVS ILP. Exor is a holding company incorporated in the Netherlands and is controlled by the Agnelli family. TVS ILP, a part of TVS Mobility Group, is present in 15 cities with 20 million sq ft of warehousing space. The deal with Lingotto is another milestone in the successful journey of TVS ILP and the parent will continue to hold a significant minority stake at the logistics arm, TVS Supply Chain Solutions ...

The company made stock market debut on August 23, and is currently trading 23 per cent higher over its issue price of Rs 197 per share

Of the $400 million, the company intends to raise around $150-175 million using some form of equity instrument, according to Nitin Aggarwal, President of TVS ILP

The collaboration between TVS ILP and NIIF IFL aims to expedite the implementation of innovative and economically sustainable solutions

TVS Supply Chain Solutions, seeking to raise around Rs 4,000 crore through a share sale, on Friday submitted an addendum to the DRHP that was filed with the markets regulator Sebi in February. TVS Supply Chain, present in over 25 countries and serving over 60 Fortune 500 companies, is among the largest player in terms of revenue. In the first six months of the current fiscal, its revenue jumped 27.8 per cent to Rs 5,419 crore from which it earned a net profit of Rs 38.05 crore against a loss of Rs 57.8 crore in the year-ago period, according to the addendum filed with the Sebi. Its operating profit continued to show a strong trajectory, generating Rs 332 crore in H1FY23 and Rs 613 crore in FY22. Revenue for FY22 was Rs 9,250 crore, which jumped 33.4 per cent from Rs 6,934 crore in FY21 and recorded losses to the tune of Rs 44.9 crore and Rs 73.9 crore, respectively. It further said revenue from domestic operations grew 52.3 per cent to Rs 1,627 crore, while global revenue jumped 1

TVS Supply Chain Solutions of the TVS Mobility Group has expanded operations at its centre of excellence in Madurai by adding a new block to the facility, and drawn up a plan to double its employee base in the region, the company said on Friday. The centre of excellence is the core unit of the global operations of the company and would strengthen the leadership of TVS Supply Chain Solutions as a technology-led global supply chain player. The company looks to tap the talent in the region to build on its competitive advantage and aims at doubling its employees' strength from the current level of 300 in two years, said a statement from TVS Supply Chain Solutions. "I am happy that we are expanding our operations in Madurai through our centre of excellence, which provides specialised services using technology and data analytics to our global operations," said executive vice-chairman of the company R Dinesh. "We always wanted to provide opportunities to the local talent here and that's w

TVS Supply Chain Solutions, part of the $8.5 billion TVS Group, said that it is focusing on a 90-day plan to combat the national lockdown due to coronavirus

The company has set this target after crossing $1-billion revenue globally

Existing investors Goldman Sachs and KKR will fully exit