MUMBAI, 23 AUGUST, 2023 (GPN): TVS Supply Chain Solutions Limited, promoted by TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited, and Ramachandhran Dinesh, successfully listed on the stock exchanges after a successful IPO.

The stock listed at Rs 207.05 as against the issue price of Rs 197. The fresh issue will be utilised for payment of debt availed by the company and its subsidiaries — TVS LI UK and TVS SCS Singapore — and for general corporate purposes.

Promoted by the erstwhile TVS Group and now part of TVS Mobility Group, TVS Supply Chain Solutions Limited (“TVS SCS” or “Company”) is an India-based multinational company, who pioneered the development of the supply chain solutions market in India. For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. The Company’s global customers include 72 ‘Fortune Global 500 2021’ companies in the six-month period ended December 31, 2022. The Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.

TVSCS offers its services in two segments namely integrated supply chain solutions (ISCS); and network solutions (NS). The company’s client list includes companies in the Automotive, Defence, Engineering, FMCG, Rail, FMCG, Utilities, E-commerce, and Healthcare industry. They have developed long-term relationships with a number of their clients, which has provided resilience to their revenue and profitability and some of their customers spans out for 7-15 years average.

Competitive Strengths:

• Critical scale in a fast-growing and fragmented third-party logistics market in India
• Robust in-house technology differentiation
• Long and Consistent Track-Record of Successful Integration of Acquisitions to Support Capabilities and Customer Acquisition
• Long-term customer relationship in diversified and attractive industries through encirclement
• Resilient business model with multiple drivers of profitable growth
• Strong parentage with management team with cross industry experience

Strategies:

TVS SCS have been following the ‘C3 Framework’ to guide our actions and grow their business. The ‘C3 Framework’ centres on three C’s – Customer, Capability and Country. The company focus on opportunities that would increase business from existing customers and acquire new customers, help to acquire new capabilities and/ or increase TVS SCS geographical presence by expanding to new countries. TVS SCS domain knowledge and global expertise, coupled with technology is the foundation of the company ‘C3 Framework’. This enables TVS SCS to develop and offer customized solutions to customers’ thereby empowering agile and efficient supply chains at large scale. The core of TVS SCS growth is through platformisation of their technology capabilities leading to a plug and play model and enabling them to solve supply chain complexity at scale.

• Continued focus on improving margins by increasing share of value added solutions and building end-to-end capabilities.
• Continue to invest in team, talent, and partners
• Country

o   Leverage our global network to expand into new markets

o   Deepen presence in a country.

o   Continue to grow our global platform through targeted inorganic opportunities

• Service Offerings
• Integrated Supply Chain Solutions (ISCS)
• Sourcing and Procurement
• Integrated Transportation
• Logistics Operation Centres and In-Plant Logistics Operations
• Finished Goods and After Market Fulfilment
• Consultancy and Professional Services
• Network Solutions (NS)
• Global Forwarding Solutions (GFS)
• Time Critical Final Mile Solutions (TCFMS)

JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), and Equirus Capital Private Limited are the Book Running Lead Managers to the Offer (“BRLMs”).Ends