With the ‘Make in India’ and GST centered reforms coming into force over the last two years, it is absolutely clear that OEMs will deeply partner with their logistics service partners to make their vision of growth and market share, a reality. With the government agreeing to include warehousing under the infrastructure umbrella, the logistics sector has received a much-required boost. However, this is only the beginning of the journey to make doing logistics business truly easy in India.
2017 has been a roller coaster year for logistics industry but for the most part I would say it was positive. GST has been a progressive step in the right direction and the recent announcement to grant infrastructure status to warehouses is encouraging.
Prior to roll out of GST, most companies had their logistics networks planned around tax structures and compliances. This is now expected to shift in favour of optimisation of warehousing space, network capabilities, and fleet choices. The demand for greater efficiency and faster ways to reach raw materials to manufacturing units and from the manufacturing units to the market place will accelerate the change. This can reduce logistics cost, which, at 13% of GDP currently, is very high.
“IoT is about interconnecting and creating intelligence from all the devices around us. This game-changing technology will offer enormous cost savings and massive productivity enhancements in the future. The sheer volume of data is staggering, but it offers a world of opportunities for businesses to better manage inventory, improve customer relationships, and enhance daily operations.” Said Mr. R. Shankar, CEO,TVSLSL-India in an article in Cargo Connect in August 2017 issue.Continue reading
- To leverage post GST opportunities, global integration and cross deployment to bring unique differentiated capabilities to Indian market
- Announces new organization structure with R. Shankar leading the India business
Chennai, 29th August, 2017: TVS Logistics Services Ltd. (TVS LSL), the India-based multinational third-party logistics service provider, announced its aggressive growth plans for Indian market for the next three years. The company informed that it has devised multiple strategies that include, a new organizational structure, global integration, cross deployment, leveraging GST opportunities, etc. towards achieving its growth in India. It further added, Mr. R. Shankar has been given the responsibility to lead the overall India business for achieving its $ 1bn revenue target by FY 2021. R. Shankar was earlier managing select business operations in India.Continue reading
TVS Logistics will be investing Rs 100 crore for this acquisition and funding the future growth for the Uxbridge-based SPC International which has a turnover of Rs 165 crore. This acquisition in the UK adds repair and parts supply to the company’s comprehensive list of end-to-end supply chain services for its customers worldwide, the company said in a statement.
The move would significantly enhance its Freight Forwarding capability – Transtar would further strengthen TVS Logistics’ base in South East Asia
Chennai, October 08, 2015: TVS Logistics Services, India’s leading third party logistics (3PL) service provider, today announced that, through its JV arm in Singapore – ‘TVS Asianics Supply Chain Solutions,’ it has reached an agreement to take a ‘majority stake’ in the ‘Transtar International Freight’ – Australia based integrated transportation and supply chain solutions provider throughout the Asia region. With this move, TVS Logistics, which already has its presence in South East Asian countries like Singapore, Thailand and China, would mark its entry into Australia. Post the deal, Transtar will continue to be headquartered in Melbourne (Australia) and Mr. Hank Meyer, CEO and founder will continue to remain its CEO.Continue reading
Chennai / Montreal, October 19, 2016: TVS Logistics Services Ltd. (TVS LSL), the India-based multinational third-party logistics service provider, announced that it has reached an agreement with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers. Under this agreement, CDPQ will invest over INR 1000 crores ($155 million US) to acquire a sizeable minority stake in TVS LSL, a privately held subsidiary of the TVS Group. Following this transaction, existing investors Goldman Sachs and KKR will fully exit their investments in TVS LSL. CDPQ will purchase most of their joint stake, while TVS family members and management will acquire the remainder.
Beyond this equity investment, CDPQ is ready to commit significant additional capital to finance transformative acquisitions and support the expansion of TVS LSL in India and globally.Continue reading
The company is high on confidence after it secured procurement solution contract for UK’s Ministry of Defence and look to replicate it in Indian Defence sector too
Chennai, November 13, 2015: As Prime Minister Narendra Modi visits the United Kingdom, TVS Logistics, India’s leading third party logistics service (3PL) provider, today announced that its UK business, TVS Supply Chain Solutions, will become its regional hub for the whole of Europe and a knowledge hub for supply chain. The company said its UK business has multiplied its revenues nearly seven times in the last five years, growing from £40m (INR 400 crores) to £274m (INR 2740 crores) forecasted for this financial year. Internationally, the company’s successful growth is attributed to its ability to identify unique capability and deploy it in other parts of the world, including India.Continue reading