Singapore based PE firm Gateway Partners commits to acquire minority stake in TVS Supply Chain Solutions

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.

Mr. R. Dinesh, Managing Director, TVS Supply Chain Solutions, said, “We are glad to have Gateway Partners as a strategic investor. 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 TVS SCS to expand its footprint and grow.”

 

Mr. Anand Kumar, Co-Founder and Partner, Gateway Partners, said, “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.”

 

TVS SCS – An Indian MNC with a strong Digital Focus:

TVS SCS is one of the largest companies in the 3PL and Supply Chain sector in India and has been able to provide globally integrated solutions by leveraging its niche digital capabilities and strong footprint across UK/Europe, Asia and USA.  While being highly customer focused, TVS SCS has been at the forefront of using technology in the supply chain domain. Its strategy of seamlessly integrating its unique digital capabilities with its wide physical network helps drive operational efficiencies and cost optimization for its clients. Specifically, the company is adopting emerging technologies such as Machine Learning, Artificial Intelligence, Internet of Things (IoT), Vision Technology, amongst others to develop new mobility solutions for its customers. This combination of providing integrated solutions coupled with intelligent digital interventions is expected to propel TVS SCS to continue to grow across its footprint.

 

About TVS Supply Chain Solutions:

TVS SCS was started as a business unit of T V Sundram Iyengar & Sons Ltd in 1995 and was later established as a separate company – TVS Logistics Services Limited (TVS LSL), in December 2004. The company was rechristened as TVS Supply Chain Solutions in 2019.

 

By acquiring niche capabilities in supply chain and establishing a domestic presence in markets such as UK, USA, Germany, Spain, Singapore, Australia and other territories, TVS Supply Chain Solutions has been able to deliver value to its customers in every country of its presence, through continuous innovation, differentiation and quality of service.

 

TVS SCS has grown to become an Indian multinational company providing end-to-end Supply Chain Services to sectors like, automobile, beverages, IT, Healthcare, Telecom, Retail, FMCG and Defence globally. It has presence in 14 countries – India, the USA, the UK, Spain, Germany, Italy, France, Singapore, Hong Kong, Thailand, China, Australia, New Zealand and Mexico. The company forms an indispensable link between suppliers and customers from across sectors in over 50 countries and manages more than 100 blue chip customers through its 20,000 plus skilled work force. TVS LSL manages over 10 million square feet of warehouse space in India.

 

About Gateway Partners

Gateway Partners is an emerging markets alternative investment manager established in 2014 to connect private capital to attractive investment opportunities across South and Southeast Asia, Middle East and Africa. These markets are characterized by favourable demographics, accelerating urbanization, rising affluence and increasing connectivity.

 

Operating out of offices in Singapore and Dubai, Gateway’s Fund I investee companies are present in over 30 countries and collectively generate over $12 billion in revenues while providing employment to over 220,000 men and women.

 

A UN PRI Signatory, Gateway is committed to being a responsible investor.

Posted in .