TVS Supply Chain Solutions Limited (TVSSCS.NS) Bundle
Born in 1995 as TVS Logistics Services and rebranded in 2004, TVS Supply Chain Solutions has grown into a global operator present in 26 countries with over 17,000 employees, went public in August 2023 raising ₹880 crore via the issuance of 44,670,050 equity shares, and in 2022 restructured ownership by transferring 107,273,430 equity shares from TVS & Sons to TVS Mobility (leaving a promoter holding of 43.0%); today, as part of the TVS Mobility Group and with a market capitalization of ₹5,885 crore in 2024, the company runs two core segments-Integrated Supply Chain Solutions and Network Solutions-on an asset-light model serving 91 Fortune Global 500 clients, reported revenue from operations of ₹9,995.7 crore in FY25 (up 8.6% YoY), secured new contracts worth ₹1,009 crore in FY25, delivered a turnaround to a PBT of ₹29.3 crore from a loss of ₹36.1 crore in FY24, entered FY26 with a record order pipeline of ₹5,250 crore, and is executing 'Project Voyager' to integrate operations across Europe & North America, India-Middle East-Africa and Asia‑Pacific while targeting a PBT margin of 4% as it scales technology-led, customized supply-chain services.
TVS Supply Chain Solutions Limited (TVSSCS.NS): Intro
History and key milestones- 1995 - Incorporated as TVS Logistics Services Limited; TVS Group's entry into supply chain management.
- 2004 - Rebranded to TVS Supply Chain Solutions Limited to reflect expanded services beyond traditional logistics.
- 2010 - Operations in 26 countries, workforce >17,000, diversified industry clientele (automotive, consumer, retail, hi-tech, industrial).
- 2022 - Restructuring: 107,273,430 equity shares transferred from TVS & Sons to TVS Mobility; TVS & Sons ceased to be a promoter.
- August 2023 - IPO: Raised ₹880 crore via issuance of 44,670,050 equity shares (offer details and allotment completed in Aug 2023).
- 2024 - Launched Project Voyager: organizational integration into three regions - Europe & North America; India, Middle East & Africa; Asia-Pacific - to drive scale and operational efficiency.
| Year | Event | Quantitative detail |
|---|---|---|
| 1995 | Incorporation | Founded as TVS Logistics Services Limited |
| 2004 | Rebrand | Renamed TVS Supply Chain Solutions Limited |
| 2010 | Global expansion | Presence in 26 countries; >17,000 employees |
| 2022 | Share restructuring | 107,273,430 shares moved from TVS & Sons to TVS Mobility |
| Aug 2023 | IPO | Raised ₹880 crore; 44,670,050 equity shares issued |
| 2024 | Project Voyager | Regional integration across 3 global regions |
- Pre-2022: TVS & Sons was a key promoter.
- Post-2022 restructuring: TVS Mobility emerged as the promoter after transfer of 107,273,430 equity shares; TVS & Sons ceased as promoter.
- Public listing (Aug 2023) introduced diversified public shareholders through the IPO (₹880 crore mobilized).
- For the company's formal mission, vision and core values see: Mission Statement, Vision, & Core Values (2026) of TVS Supply Chain Solutions Limited.
- Service lines: integrated logistics, freight management, warehousing & distribution, value-added services (assembly, kitting, packaging), reverse logistics, e-commerce fulfillment.
- Client model: long-term contracts with OEMs, retail chains, e-commerce platforms, industrial clients; multi-year SLAs and performance-linked pricing.
- Geographic delivery: operations across Europe, North America, India, Middle East, Africa and Asia-Pacific grouped under Project Voyager for regional P&L focus.
- Technology & assets: TMS/WMS platforms, networked warehousing, last-mile fleet, digital dashboards and KPI-driven operations to reduce lead times and inventory carrying costs.
- Contract logistics: recurring revenue from warehousing, order fulfillment and inventory management billed as fixed+variable fees.
- Transportation & freight: line-haul, international freight forwarding and last-mile delivery charged per shipment, tonnage or lane.
- Value-added services: assembly, reverse logistics, packaging and customization billed on per-unit or project basis (higher margin).
- Integrated supply chain solutions: end-to-end managed services with bundled pricing, often multi-year, improving revenue visibility and client stickiness.
- Consulting & technology services: systems integration, implementation and managed IT services around TMS/WMS (supplementary margin).
| Metric | Reported / Notable figure |
|---|---|
| IPO proceeds (Aug 2023) | ₹880 crore |
| Shares issued in IPO | 44,670,050 equity shares |
| Shares moved in 2022 restructuring | 107,273,430 equity shares |
| Employee headcount (2010) | >17,000 |
| Geographic footprint (2010) | 26 countries |
| Organizational regions (2024) | Europe & North America; India, Middle East & Africa; Asia-Pacific |
TVS Supply Chain Solutions Limited (TVSSCS.NS): History
TVS Supply Chain Solutions Limited (TVSSCS.NS) traces its corporate lineage to the TVS Group's logistics and supply-chain activities developed over decades to serve automotive and diversified industrial customers. The company operated as a privately held arm of the TVS Group until its maiden public offering in August 2023, after which it consolidated under the TVS Mobility Group (managed by the T S Rajam family) and began trading publicly on the BSE and NSE.- IPO Date: August 2023 (listings on BSE & NSE)
- Major internal restructuring: In 2022, TVS & Sons transferred 107,273,430 equity shares to TVS Mobility, removing TVS & Sons as a promoter.
- Promoter holding (2024): 43.0% retained by promoter entities, reflecting continued founder control.
- Market capitalisation (2024): ₹5,885 crore.
- Primary revenue streams: contract logistics (warehousing + distribution), transportation management, integrated supply-chain solutions, value-added services and technology/analytics services tied to contracts.
- Customer base: OEMs (automotive), industrial manufacturers, retail & e-commerce, aftermarket businesses.
- Operational model: asset-light and asset-heavy mix-combines company-owned facilities and transport with partner-owned networks under long-term service contracts.
| Item | Data |
|---|---|
| Listing | BSE & NSE (Post-IPO Aug 2023) |
| Promoter Transfer (2022) | 107,273,430 equity shares moved from TVS & Sons to TVS Mobility |
| Promoter Holding (2024) | 43.0% |
| Market Capitalisation (2024) | ₹5,885 crore |
| Group | TVS Mobility Group (T S Rajam family) |
TVS Supply Chain Solutions Limited (TVSSCS.NS): Ownership Structure
TVS Supply Chain Solutions Limited (TVSSCS.NS) is a logistics and supply chain services provider born out of the TVS Group, focused on end-to-end, technology-enabled supply chain solutions for sectors including automotive, e-commerce, retail, consumer goods, and hi-tech industries. The company aims to reduce complexity, optimize costs, and deliver measurable value through integrated logistics services and digital solutions. Mission and values- Mission: Deliver customized, tech-enabled supply chain solutions that reduce complexity and enhance client efficiency while pioneering the organized supply chain market in India and expanding globally.
- Core values: Trust, Value, Service - aligned with TVS Group principles emphasizing integrity, customer-centricity, and long-term relationships.
- Strategic focus: Operational discipline, cost optimization, disciplined business development and margin expansion.
- Technology commitment: Integration of AI, Machine Learning, Robotics and automation to innovate processes, improve predictability and scale solutions.
- People and platform: Leverage a global talent pool and scalable platform approach to build a supply chain solutions business with "limitless potential."
- Service mix: Contract logistics (warehousing, distribution), freight management (domestic and international), value-added services (kitting, reverse logistics), and managed transportation.
- Pricing: Predominantly contractual (fixed+variable), SLA-linked fees, volume-based billing and transactional freight charges for spot services.
- Value drivers: Asset-light models combined with asset-owned capabilities (warehouses, fleet) where required; technology-driven productivity gains improve margins.
- Client relationships: Long-term contracts with manufacturing and retail customers, strategic partnerships for integrated supply chain programs.
| Shareholder category | Approx. holding (%) |
|---|---|
| Promoter group (TVS Group) | ~61% |
| Foreign Institutional Investors (FIIs) | ~11% |
| Domestic Institutional Investors (DIIs) | ~9% |
| Public / Retail & Others | ~19% |
| Metric (FY) | Value (INR crore) |
|---|---|
| Revenue (FY latest) | ~4,800 |
| EBITDA | ~360 |
| Net profit | ~150 |
| ROCE / ROE (approx.) | mid-single to low-double digit % |
| No. of countries / global footprint | ~10-12 |
- Cost optimization: Network redesign, automation of warehouses, telematics for fleet utilization, and productivity-linked KPIs.
- Technology adoption: AI/ML for demand forecasting, robotics for order fulfillment, and IoT for real-time visibility to reduce working capital and improve OTIF.
- Sector diversification: Balanced exposure across automotive, consumer, retail, and e-commerce to mitigate cyclicality.
- Scalable platform: Replicable operating models and shared technology stack enable rapid roll-out in new geographies and client segments.
TVS Supply Chain Solutions Limited (TVSSCS.NS): Mission and Values
TVS Supply Chain Solutions Limited (TVSSCS.NS) positions itself as a global, integrated supply chain partner focused on delivering end-to-end logistics and supply chain services through innovation, customer-centricity and an asset-light operating model. The stated mission centers on enabling customers to compete globally by optimizing supply chains, reducing lead times and improving working capital efficiency while upholding safety, sustainability and ethical governance.- Mission: Deliver integrated, end‑to‑end supply chain solutions that drive customer competitiveness and operational excellence.
- Core Values: Customer focus, integrity, continuous improvement, agility, safety and sustainability.
- Strategic priorities: Digital transformation, network scalability, asset-light partnerships and sector diversification.
| Segment | Primary Services | Value Delivered |
|---|---|---|
| Integrated Supply Chain Solutions (ISCS) | Sourcing & procurement, integrated transportation, logistics operation centers (LOCs), in‑plant logistics, finished goods & aftermarket fulfilment, supply chain consulting | End‑to‑end control of inbound, in‑plant and outbound flows; reduced inventory & improved OTIF (on‑time in‑full) |
| Network Solutions (NS) | Global forwarding (ocean, air, land), end‑to‑end freight forwarding, distribution, warehousing, value‑added services | Global freight visibility, multimodal network reach, customs & trade compliance |
- Asset‑light approach: leases warehouses and vehicles through network partners to maintain flexibility, lower capital intensity and enable rapid scale‑up/scale‑down.
- Technology & analytics: invests in transportation management systems (TMS), warehouse management systems (WMS) and data analytics to drive route optimisation, inventory visibility and KPI monitoring.
- Sector focus: serves automotive, industrial, consumer goods, technology, rail & utilities and healthcare customers with tailored solutions per vertical.
- Presence in 26 countries, delivering regional and cross‑border solutions.
- Workforce: over 17,000 employees globally.
- Customer base includes 91 Fortune Global 500 customers across multiple industries.
- Service fees: recurring revenues from contract logistics (ISCS) - warehousing, in‑plant teams, LOC operations and fulfilment.
- Transaction & freight margins: freight forwarding and network solutions (NS) earn margins on air/ocean/land movements and value‑added distribution services.
- Consulting & project revenues: supply chain redesign, implementation projects and digital transformation engagements.
- Variable & performance incentives: contracts often include volume‑based pricing, service level bonuses and penalty clauses tied to KPIs like OTIF, lead time and inventory turns.
| Metric | Reported / Typical Value |
|---|---|
| Countries of operation | 26 |
| Employees | Over 17,000 |
| Fortune Global 500 clients | 91 |
| Primary segments | ISCS & NS |
| Business model | Asset‑light (leased fleets/warehouses via partners) |
TVS Supply Chain Solutions Limited (TVSSCS.NS): How It Works
TVS Supply Chain Solutions Limited (TVSSCS.NS) operates as an integrated logistics and supply chain services provider, monetizing expertise, infrastructure and technology to serve manufacturing, automotive, retail, e-commerce, consumer goods, and other sectors. Revenue is generated through fee- and contract-based services across two principal operating segments - Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS) - supplemented by value-added consulting and project implementation.- Integrated Supply Chain Solutions (ISCS): end-to-end services including sourcing, procurement, inbound/outbound logistics, transportation, distribution, reverse logistics, and supply chain consulting.
- Network Solutions (NS): global forwarding, customs brokerage, international freight (air/sea), warehousing, fulfilment, and value-added logistics services such as kitting and aftermarket support.
- Technology & analytics: execution and margin enhancement via warehouse management systems (WMS), transport management systems (TMS), track-and-trace, and data-driven inventory optimisation.
- Asset-light vs asset-heavy mix: combination of owned warehouses/transport and third-party carrier partnerships to optimise capital intensity and margins.
- Contract logistics: long-term contracts with fixed fees plus volume/usage-linked variable components.
- Freight forwarding & global logistics: transactional international shipments billed per movement and value-added services.
- Warehousing & fulfilment services: storage, handling, pick-pack-ship fees, and SLAs tied to service levels.
- Consulting & supply chain transformation: project fees for network design, procurement optimisation and digital implementations.
- New business wins and expansions: contract awards and footprint expansions drive incremental revenue and improved utilisation.
| Metric | FY25 |
|---|---|
| Revenue from operations | ₹9,995.7 crore |
| Year-on-year growth | 8.6% |
| New contracts secured in FY25 | ₹1,009 crore |
- ISCS contributes via recurring, contract-backed logistics and supply chain management fees (sourcing, procurement, transportation, operations, consulting).
- NS contributes through transaction-driven international forwarding, warehousing charges, and value-added services that scale with trade volumes.
- Diversified client base and geographic footprint reduce concentration risk and enable cross-selling of services across ISCS and NS offerings.
TVS Supply Chain Solutions Limited (TVSSCS.NS): How It Makes Money
TVS Supply Chain Solutions Limited monetizes integrated logistics and supply chain services across manufacturing, aftermarket, retail and e-commerce customers by charging for end-to-end logistics solutions, warehousing, transportation, value-added services (assembly, packaging, reverse logistics), and technology-enabled supply chain consulting. Its earnings reflect contract-based revenue streams, variable transport/warehousing fees, and margin capture from value-added services and process optimization.- Scale and client base: operates in 26 countries and serves 91 Fortune Global 500 customers, enabling large, multi-year contracts and high revenue visibility.
- Service mix: revenues from contract logistics, transportation, aftermarket services, and technology/analytics subscriptions.
- Order pipeline: record-high pipeline of ₹5,250 crore entering FY26, providing forward revenue coverage and utilization leverage.
| Metric | Value |
|---|---|
| Geographic presence | 26 countries |
| Fortune Global 500 customers served | 91 customers |
| Order pipeline (entering FY26) | ₹5,250 crore |
| PBT FY25 | ₹29.3 crore |
| PBT FY24 | Loss of ₹36.1 crore |
| Target PBT margin | 4% (strategic goal) |
- Growth drivers: cross-border expansion, deeper penetration with existing Fortune 500 clients, and digital/automation solutions that raise EBITDA per site.
- Risks: fuel/transport inflation, labour constraints in certain markets, and contract renewal cycles.
- Strategic focus: technology integration and global footprint expansion to capture higher-margin end-to-end contracts.
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