TVS Supply Chains Solutions Limited IPO

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i. TVS Supply Chain Solutions (TVS SCS) is a global provider of world-class, end-to-end supply chain services across a variety of sectors. They specialize in providing revenue growth, inventory reduction, and operating costs reduction.

ii. They have over 100 years of experience addressing supply chain challenges for international organizations, government departments, large and medium-sized businesses through their fully integrated service offerings.

iii. TVS SCS offers a wide range of services including Integrated Supply Chain Solutions (ISCS), Consultancy & Professional Services, Product Management Solutions, Global Procurement, Refurbishment and Returns, Aftermarket Support, Manufacturing Support, Warehousing, Storage & Distribution, Transportation & Integrated Logistics, Global Forwarding Solutions (GFS), Digital Customer Solutions, Spare Parts Logistics, Technical Deployment and Maintenance, Specialist Logistics Services, Innovation & Technology and Value Added Services.

iv. Some of their customers with whom the company have had long term relationships include Sony India Private Limited (12 years), Hyundai Motor India Limited (13 years), Johnson Controls-Hitachi Air Conditioning India Limited (3 years), Ashok Leyland Limited (17 years), TVS Motor Company Limited (17 years), Diebold Nixdorf (8 years), TVS Srichakra Limited (10 years), Lexmark International Technology Sarl (6 years), etc.

Competitive Strengths

i. Critical scale in a fast-growing and fragmented third-party logistics market in India
ii. Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base
iii. Robust in-house technology differentiation

Objects of the TVS Supply Chains Solutions Limited IPO:

The Offer comprises the Offer for Sale and the Fresh Issue. The Company proposes to utilise the Net Proceeds towards funding the following objects: 1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and the Subsidiaries, TVS LI UK and TVS SCS Singapore; and 2. General corporate purposes.
DRHP of TVS Supply Chains Solutions Limited IPO

TVS Supply Chains Solutions Limited IPO Details:

Promoters And Management:

i. Ravi Prakash Bhagavathula is the Global Chief Financial Officer. He joined the Company on May 31, 2018. He holds a bachelor’s degree in mechanical engineering from Andhra University and a masters’ degree in business administration from University of Delhi. He has over 26 years of experience in finance and strategy. Prior to joining the Company, he worked with Pfizer Limited as finance director, the Coca-Cola group in various capacities, Procter & Gamble India Limited as assistant manager and Steel Authority of India Ltd as junior manager. ii. P D Krishna Prasad is the Company Secretary and Compliance Officer of the Company. He joined the Company and was appointed as the Company Secretary with effect from April 3, 2015. He holds a bachelor’s degree in commerce from University of Calicut, bachelor’s degree in law from Bangalore University and a masters’ degree in business administration from University of Madras. He is a member of the Institute of Company Secretaries of India. He was also elected as associate of the Institute of Chartered Secretaries and Administrators, London. He has over 26 years of experience in corporate secretarial discipline. iii. Baminee Viswanat is the Global General Counsel. She joined the Company on January 2, 2019. She holds a bachelor’s degree in law and a masters’ degree of arts in political science from University of Madras. She has over 28 years of experience in legal and secretarial matters. Prior to joining the Company, she has worked with Lenovo (India) Private Limited as director, legal & company secretary, Vijay Television Private Limited as senior manager (legal), Thomson India Private Limited as senior legal counsel, Aswini Biopharma Limited as a company secretary, Malladi Drugs and Pharmaceuticals Limited as assistant secretary-cum-officer (legal) and Kausik Chemicals Limited as an officer (legal).

Financials of TVS Supply Chains Solutions Limited IPO: 

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Comparison With Peers:

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Recommendation on TVS Supply Chains Solutions Limited IPO:

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Lead Manager of TVS Supply Chains Solutions Limited IPO:

  1. Axis Capital Limited
  2. BNP Paribas
  3. Edelweiss Capital Limited
  4. Equirus Capital Private Limited
  5. J.P. Morgan India Private Limited
  6. JM Financial Consultants Private Limited

Registrar of TVS Supply Chains Solutions Limited IPO:

  1. Link Intime India Private Limited

Company Address:

10 Jawahar Road, Chokkikulam, Madurai – 625 002, Tamil Nadu, India

Discussion on TVS Supply Chains Solutions Limited IPO:

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