TVS SCS, one of the largest third-party logistics and supply chain operators in India and operational in Europe, UK, Asia and US, to adopt machine learning, AI and IoT to drive future growth.
19 Mar 2020 | 21196 Views | By Sricharan R
Private equity firm Gateway Partners has committed to acquire a minority stake in TVS Supply Chain Solutions (TVS SCS) for $100 million (Rs 740 crore). This is the second-largest private equity investment in TVS SCS after CDPQ, one of North America’s largest pension fund managers, invested $155 million in TVS ...
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Private equity firm Gateway Partners has committed to acquire a minority stake in TVS Supply Chain Solutions (TVS SCS) for $100 million (Rs 740 crore). This is the second-largest private equity investment in TVS SCS after CDPQ, one of North America’s largest pension fund managers, invested $155 million in TVS SCS in 2016.
Speaking about the investment, R Dinesh, Managing Director, TVS Supply Chain Solutions, said, “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 the company to expand its footprint and grow.”
TVS SCS is one of the largest in the third-party logistics and supply chain sector in India and has a large footprint across Europe, UK, Asia, and the US. The company is adopting emerging technologies like Machine Learning, Artificial Intelligence, IoT and others to develop newer mobility solutions for its customers.
“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, " said Anand Kumar, Co-Founder and Partner of Gateway Partners.