TVS SCS, which is looking to accelerate growth, will benefit from a larger customer footprint
10 Nov 2020 | 8363 Views | By Sricharan R
TVS Supply Chain Solutions (TVS SCS), the integrated supply chain management services company, has announced that Mitsubishi Corporation (MC), Japan, has invested in TVS SCS for a minority stake.
The new investment will help TVS SCS further strengthen its position in the market and facilitate a larger customer footprint by extending ...
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TVS Supply Chain Solutions (TVS SCS), the integrated supply chain management services company, has announced that Mitsubishi Corporation (MC), Japan, has invested in TVS SCS for a minority stake.
The new investment will help TVS SCS further strengthen its position in the market and facilitate a larger customer footprint by extending its complete suite of digital supply chain solutions and value-added services.
The 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 has invested across multiple rounds in TVS SCS to fund acquisitions and to support TVS SCS’ future growth. TOF, however, will continue to hold a residual stake and remains a key strategic investment partner for TVS SCS.
R Dinesh, managing director, TVS Supply Chain Solutions, “I am delighted to welcome Mitsubishi Corporation. TVS SCS has successfully 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.”
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