TVS Supply Chain Solutions (TVS SCS), the integrated supply chain management services company, has announced that Mitsubishi Corporation (MC), Japan, has invested in TVS SCS for a minority stake.
The new investment will help TVS SCS further strengthen its position in the market and facilitate a larger customer footprint by extending its complete suite of digital supply chain solutions and value-added services.
The investment is through a secondary market transaction which will allow an existing investor – Tata Opportunities Fund – to secure a partial exit. The Tata Opportunities Fund (TOF) initially came on board in 2015 as a minority partner and has invested across multiple rounds in TVS SCS to fund acquisitions and to support TVS SCS’ future growth. TOF, however, will continue to hold a residual stake and remains a key strategic investment partner for TVS SCS.
R Dinesh, managing director, TVS Supply Chain Solutions, “I am delighted to welcome Mitsubishi Corporation. TVS SCS has successfully pivoted into new segments and addressed opportunities arising out of Covid through customer-focused offerings and digital capabilities. Our innovative solutions and differentiated approach make TVS SCS a preferred supply chain partner to our clients. Through our partnership with Mitsubishi Corporation, we aim to accelerate our growth in the years to come.”
READ MORE Gateway Partners takes stake in TVS Supply Chain Solutions for $100 million