TVS Supply Chain Solutions

Last updated
TVS Supply Chain Solutions
FormerlyTVS Logistics Services Limited
Company type Public
ISIN INE395N01027
Industry Logistics
Founded1995;29 years ago (1995)
Headquarters Chennai, Tamil Nadu, India
Key people
  • Ramachandran Dinesh (MD) [1]
  • S. Ravichandran (Deputy MD) [2]
Services Supply chain management
RevenueIncrease2.svg₹10,235 crore (US$1.3 billion) (FY23) [3]
Increase2.svg₹706 crore (US$88 million) (FY23) [3]
Increase2.svg₹42 crore (US$5.3 million) (FY23) [3]
Number of employees
18,000
Parent TVS Group [4]
Website tvsscs.com

TVS Supply Chain Solutions (TVS SCS) is an Indian multinational transportation, logistics and warehousing company. It provides supply chain management services to customers in the automotive, consumer goods, defence and utility sectors in India, the United Kingdom, Europe and the US. It is part of the TVS Group of companies.

TVS's major UK customers include Isuzu, Daimler Trucks and Dennis Eagle in the automotive sector; the Ministry of Defence in the defence sector; and Network Rail, Electricity North West and United Utilities in the utility sector.

History

The company began as TVS Logistics a division of TVS & Sons in 1995 before being hived off as a separate company in 2004 as TVS Logistics Services Ltd. (TVS LSL). In 2004 it bought out the UK based CJ Components – an automotive component sourcing company. The company pursued further acquisitions across Europe, the UK, the USA, Singapore and Australia.

In 2009, TVS LSL acquired Multipart Holding, [5] which is among the top three after market logistics companies in UK. [6] With the Multipart acquisition, TVS LSL formed a European subsidiary, TVS Supply Chain Solutions (TVS SCS) from JC and Multipart. This was followed in 2012 by the acquisition of same day courier and IT support and logistics firm Rico Logistics for ₹ 100 crore (£11.81 million). Rico operated as a subsidiary of TVS SCS [7] and was renamed TVS SCS Rico in 2017. [8]

TVS Logistics was then renamed to TVS Supply Chain Solutions [9] in 2019.

In 2020, Mitsubishi Corp invested in TVS Supply Chain Solutions for minority stake. [10]

In August 2023, the company launched its initial public offering and got listed on the Indian stock exchanges. [3]

Related Research Articles

<span class="mw-page-title-main">DHL Group</span> German logistics company

Deutsche Post AG, trading as DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies. The postal division, Deutsche Post, delivers 61 million letters each day in Germany, making it Europe's largest such company. The parcel division DHL is a wholly owned subsidiary claimed to be present in over 220 countries and territories. DHL Group was the largest logistics company worldwide in 2022.

<span class="mw-page-title-main">Mitsubishi Corporation</span> Japanese trading company

Mitsubishi Corporation is Japan's largest trading company and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including energy, industrial finance, banking, machinery, chemicals, and food.

<span class="mw-page-title-main">WESCO International</span> Holding company

WESCO International, Inc. is an American publicly traded Fortune 500 holding company for Wesco Distribution, a multinational electrical distribution and services company based in Pittsburgh, Pennsylvania.

Team Global Express operates a logistics and global freight forwarding network spanning 150 countries, with over 20,000 customers. Toll has more than 16,000 team members across 500 sites.

QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world.

DHL Supply Chain is a division of Deutsche Post DHL and is affiliated with DHL. Headquartered in Bonn, Deutsche Post has 510,000 employees.

Unipart Group is a British multinational logistics, supply chain, manufacturing and consultancy company headquartered in Cowley, Oxfordshire, England. It has operations in Europe, North America, Australia and Japan and works across a variety of sectors that include automotive, retail, technology and rail. It is one of the largest privately-owned companies in the UK; being 70% owned by its workforce and pension fund while the other 30% is held by sympathetic institutions.

<span class="mw-page-title-main">Tata Technologies</span> Indian engineering services company

Tata Technologies Limited is an Indian multinational product engineering company that provides services in engineering and design, product lifecycle management, manufacturing, product development, and IT service management to automotive and aerospace original equipment manufacturers as well as industrial machinery companies. It is a subsidiary of Tata Motors.

Mahindra & Mahindra is an automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki India and Tata Motors. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.

SAP Ariba is an American software and information technology services company located in Palo Alto, California. It was acquired by German software maker SAP SE for $4.3 billion in 2012.

Blue Yonder Group, Inc. is an American supply chain management company operating as an independent subsidiary of Panasonic. Founded in 1985, the company is headquartered in Scottsdale, Arizona, with offices globally. Its acquisitions have included Yantriks, RedPrairie, i2 Technologies, Manugistics, E3, Intactix, and Arthur.

TVS Group is an Indian multinational conglomerate with its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries including the two-wheeler manufacturer TVS Motor Company and TVS Supply Chain Solutions.

<span class="mw-page-title-main">Saia</span> American freight company

Saia is an American less than truckload (LTL) trucking company, that originated in Houma, Louisiana in 1924. With original operation occurring in Louisiana and Texas for the first fifty years, expansion came after 1980 when coverage began reaching into more states within the South. Further expansion happened through mergers with other companies, which allowed Saia to provide service for thirty six states. Saia ranks within the top ten of LTL carriers in the United States, with revenues of over $1.8 billion in 2020.

Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited are two operating companies whose assets are among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.

<span class="mw-page-title-main">Daher</span> French industrial conglomerate

Daher is a French industrial conglomerate. It is operational across the aerospace, defence, nuclear, and automotive industrial sectors in the fields of manufacturing, services, and transport.

The Gores Group, LLC is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.

JAGGAER, formerly SciQuest, is a provider of cloud-based business automation technology for Business Spend Management. Its headquarters is in Morrisville, North Carolina and it has offices around the world. The company's tagline is Procurement Simplified.

<span class="mw-page-title-main">TVS SCS Rico</span> British IT logistics and support provider

TVS SCS Rico, formerly Rico Logistics, is a British IT logistics and support services provider. Since 2012, it has been a subsidiary of Indian third party logistics provider TVS Supply Chain Solutions, a TVS Group company.

<span class="mw-page-title-main">APL Logistics</span> Global logistics company

APL Logistics Ltd. (APLL) is a wholly owned subsidiary of Kintetsu World Express, Inc. (KWE), a Japan-based freight forwarding and transportation company. As a global supply chain specialist, APL Logistics trades in more than 60 countries, serving the automotive, consumer, industrials, and retail verticals. Headquartered in Singapore and USA, APL Logistics has locations across the globe.

References

  1. ↑ "India can emerge as a key regional parts sourcing hub: R Dinesh, TVS SCS". The Hindu Business Line. Dec 17, 2020. Archived from the original on January 25, 2021. Retrieved February 18, 2022.
  2. ↑ "Roca Parryware strengthens tie-up with TVS Supply Chain Solutions". Business Standard. Archived from the original on 2021-01-10. Retrieved 2022-02-18.
  3. 1 2 3 4 "TVS Supply Chain Solutions IPO price band fixed at ₹187-197 a share". The Hindu. 7 August 2023. Retrieved 23 August 2023.
  4. ↑ https://www.thehindubusinessline.com/markets/tvs-supply-chain-solutions-plans-ipo-in-the-current-quarter/article66356796.ece
  5. ↑ "TVS-LSL acquires Multipart Holding". The Hindu Business Line. Nov 11, 2009.
  6. ↑ "TVS Logistics acquires UK's Multipart Holding". The Economic Times. Nov 11, 2009.
  7. ↑ Sushma, U N (Feb 21, 2013). "TVS Logistics acquires UK-based Rico Logistics". Times of India. Archived from the original on Jan 6, 2016. Retrieved Feb 18, 2022.
  8. ↑ Allen, Julian; Piecyk, Maja; Piotrowska, Marzena (Nov 2018). An Analysis of the Same-Day Delivery Market and Operations in the UK (PDF) (Report). University of Westminster. Archived (PDF) from the original on Feb 18, 2022. Retrieved Feb 18, 2022.
  9. ↑ "The buyout firm will purchase new shares as well as those held by existing shareholders in TVS Supply Chain". BloombergQuint.
  10. ↑ "Mitsubishi Corp invests in TVS Supply Chain Solutions for minority stake". Mint. Nov 11, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.