Mitsubishi invests in TVS Supply Chain Solutions for a minority stake

TVS Supply Chain Solutions Limited (TVS SCS), a part of the TVS Group, on Tuesday, said that Japan’s Mitsubishi Corporation has invested an undisclosed amount in the former to acquire a minority stake.

The Chennai-based TVS Group company informed that Mitsubishi has acquired the stake from Tata Opportunities Fund, which plans a partial exit. The Tata Opportunities Fund (TOF) first came on board in TVS SCS in 2015 as a minority partner.

TOF has also invested in TVS SCS to fund acquisitions and support in future growth plans, the company said.

“Mitsubishi’s investment is through a secondary market transaction which will allow an existing investor – Tata Opportunities Fund – to secure a partial exit,” it said in an official statement.

As per the official statement, Tata Opportunities Fund would continue to hold its residual stake and would remain a key strategic investment partner for TVS SCS.

TVS SCS has successfully pivoted into new segments and addressed opportunities arising out of covid-19 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 Corp, we aim to accelerate our growth in the years to come.”

~ R. Dinesh, managing director, TVS Supply Chain Solutions.

TVS SCS has a presence across 14 countries and provides end-to-end supply chain services to multiple sectors including automobiles, beverages, information technology, healthcare, telecom, retail, fast-moving consumer goods (FMCG), and defense.

Last year, Mitsubishi Corp had invested INR 250 crores in another TVS Group company, TVS Automobile Solutions Pvt Ltd (TVS ASL), thereby increasing its stake from 3% to 25%.

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