TVS Supply Chain Solutions
TVS Supply Chain Solutions is a firm that supplies spare parts and components to customers in the automotive, defence and utility sectors in the United Kingdom, Europe and the US.
| File:TVS Supply Chain Solutions Logo.jpeg | |
| 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 |
The company is split into two divisions: TVS Supply Chain Solutions and TVS Defence.
TVS's major customers include; LDV, Isuzu, Modec and Dennis Eagle in the automotive sector; BAE Systems, MBDA and the Ministry of Defence in the defence sector; and Anglian Water.
HistoryEdit
TVS SCS was started as – TVS Logistics – a division of TVS & Sons in 1995 before being hived off as a separate company in 2004. In 2004 it bought out the UK based CJ Components – an automotive component sourcing company. The company pursued further acquisitions across Europe, the UK, the USA, Singapore and Australia.
In 2009, TVS Logistics, part of TVS group has acquired Multipart Holding,[3] which is among the top three after market logistics companies in UK.[4]
TVS Logistics was then renamed to TVS Supply Chain Solutions[5] in 2019.
In 2020, Mitsubishi Corp invested in TVS Supply Chain Solutions for minority stake.[6]
ReferencesEdit
- ↑ "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-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.