TVS Supply Chain Solutions
 | |
| Company type | Private |
|---|---|
| Industry | Logistics |
| Founded | 1995 as TVS Logistics Services Limited |
| Headquarters | Chennai, India |
Key people | R. Dinesh, MD [1] Mr. S. Ravichandran, Deputy MD[2] |
Number of employees | 18,000 |
| Parent | TVS Group |
| Website | www.tvsscs.com |
TVS Supply Chain Solutions (TVS SCS), part of the $8.5 bn TVS Group,[3][4] is one of the world’s fastest-growing providers of Integrated Supply Chain Solutions, Global Forwarding Solutions and Last Mile Solutions. The company serves customers in over 50 countries covering India, UK & Europe, Americas, Asia Pacific, and Oceania.
TVS SCS, over the years, has taken the aggressive approach to grow exponentially both organically and inorganically to have become a billion-dollar organisation in a short period. Our team of approximately 18,000 people address the supply chain challenges for international organisations, government departments, large and medium-sized businesses, across various sectors.
The company is known for collaboration in its engagement, innovative in its approach and effective in reducing its clients operating costs whilst improving their performance through the accelerated deployment of leading supply chain solutions.
History
TVS SCS was started as – TVS Logistics – a division of TVS & Sons in 1995 before being hived off as a separate company in 2004. TVS SCS has taken the route of growing through organic and inorganic means to be a successful global player. Its inorganic growth came through the first acquisition in the year 2004 when it bought out the UK based CJ Components – an automotive component sourcing company. The company pursued further acquisitions for its growth across Europe, the UK, the USA, Singapore and Australia.
In 2009, TVS Logistics, part of TVS group has acquired Multipart Holding,[5] which is among the top three after market logistics companies in UK.[6]
TVS Logistics was then renamed to TVS Supply Chain Solutions[7] in 2019.
In 2020, Mitsubishi Corp invested in TVS Supply Chain Solutions for minority stake.[8]
References
- ^ "India can emerge as a key regional parts sourcing hub: R Dinesh, TVS SCS". The Hindu Business Line. December 17, 2020.
- ^ "Roca Parryware strengthens tie-up with TVS Supply Chain Solutions". Business Standard.
- ^ "TVS arm deploys 1,000 'corona warriors' to transport essentials". The Economic Times.
- ^ "TVS Group: A smart, bold GenNext helps group adapt to dynamic markets". The Hindu Business Line.
- ^ "TVS-LSL acquires Multipart Holding". The Hindu Business Line. Nov 11, 2009.
- ^ "TVS Logistics acquires UK's Multipart Holding". The Economic Times. Nov 11, 2009.
- ^ "The buyout firm will purchase new shares as well as those held by existing shareholders in TVS Supply Chain". BloombergQuint.
- ^ "Mitsubishi Corp invests in TVS Supply Chain Solutions for minority stake". Mint. Nov 11, 2020.