Chennai, 16th March, 2020: TVS Supply Chain Solutions (TVS SCS), India’s leading end-to-end Supply Chain Management Services company and part of the $8.5 bn TVS group, today announced that private equity firm Gateway Partners has acquired a minority stake in TVS SCS for $100 million. This investment involves both primary portion and secondary element. The deal is the second largest private equity investment in TVS SCS after CDPQ – one of North America’s largest pension fund managers – which invested $155 million in TVS SCS in 2016.
Chennai, February 17, 2020 TVS Supply Chain Solutions (TVS SCS), India’s leading end-to-end Supply Chain Management Services company and part of the $8.5 bn TVS group, today announced the appointment of Ravi Viswanathan as Joint Managing Director (JMD) with effect from 14th February 2020 and will report to Mr. R. Dinesh. Mr. Viswanathan will take on the role of CEO and Joint Managing Director of the Company from April 1, 2020.
Global capabilities will boost growth, says TVS Logistics MD
In 1996, when R. Dinesh, MD and S. Ravichandran, deputy MD of TVS Logistics Services, started the company, they had never imagined that the firm would grow into an Indian multinational in a few years down the line.
Today, we can manage inventory and production better’
The logistics sector is one of the beneficiaries of the roll out of GST. In an interview, R. Dinesh, MD, TVS Logistics, said he is a lot more bullish and confident about growth in his business now than he was six months ago, as benefits of GST start to kick in. Excerpts:
Evolving industry landscape
Business leaders from OEM, logistics, tech disruptors and large fleet owners participated in the forum, including Mr. Erich Nesselhauf – MD & CEO, Daimler India Commercial Vehicles Pvt. Ltd., Mr. Shyam Maller – Sr Vice President – Sales & Marketing, VE Commercial Vehicles, Mr. Keshab Chandra Sen – CEO & President, MLR Auto, etc.
CII Southern region elects new Chairman, Deputy Chairman By SimpliCity News TeamMar 24, 2018 08:31 PM
Coimbatore: The Southern region of Confederation of Indian Industries elected new Chairman and Deputy Chairman for the year 2018 to 2019.
‘Businessmen should have clarity of their targets’
India is being recognised and respected in the global business arena as a credible player in all areas, including mergers and acquisitions, according to R. Dinesh, Managing Director, TVS Logistics Services.
BLOCKCHAIN IS THE NEW BUZZWORD in the industry. CARGOTALK takes experts views on how blockchain can transform the supply chain management (SCM) and the challenges of blockchain for logistics and supply chain companies that need to be watched out.
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SINGAPORE, FEBRUARY 22
TVS-Asianics Supply Chain Solutions Pte Ltd has gained access to Asian markets with the acquisition of Pan Asia Logistics’ freight forwarding and contract logistics businesses. The $160-million Pan Asia Logistics, an integrated logistics company in Singapore, also has a strong presence in Germany. TVS Asianics is a Singapore-based joint venture of TVS Logistics Services Ltd
Indian logistics industry is undergoing a transition with manufacturing gaining momentum, ongoing infrastructural developments and government initiatives. The government and the industry leaders are trying to bring down the logistics cost as a percentage of GDP by solving the untouched problems for an efficient and organized operation.