TVS SCS raises ₹590 crore from family that owns Ferrari & Juventus
The global integrated supply chain solutions provider, TVS Supply Chain Solutions (TVS SCS) today announced that it had raised ₹590 crore from a fund managed by Exor, the Europe-based leading diversified holding company controlled by the Agnelli family.
R. Dinesh, managing director, TVS Supply Chain Solutions
October 11, 2021: The global integrated supply chain solutions provider, TVS Supply Chain Solutions (TVS SCS) today announced that it had raised ₹590 crore from a fund managed by Exor, the Europe-based leading diversified holding company controlled by the Agnelli family.
Indian Transport & Logistics News can separately confirm that this investment is equity financed.
TVS SCS will use the fund to grow its business, further strengthen its technology capability, and for other transformational initiatives. Earlier this year, Exor, through another fund managed by them, had invested in Ki Mobility Solutions – a subsidiary of TVS Automobile Solutions.
R. Dinesh, managing director, TVS Supply Chain Solutions, said, “Supply chain as a sector in India is expected to grow in double digits and TVS SCS will leverage its tech-enabled global solutions to outgrow the industry. I am confident that this investment will significantly add value to our business and provide the necessary impetus to achieve our growth potential.”
Rothschild & Co. partnered with TVS SCS on this transaction in line with the strategic vision of the organisation. Khaitan & Co. and Nishith Desai Associates acted as counsel to TVS SCS and Exor respectively for this deal.
