TVS SCS acquires controlling stake in FIT 3PL

#TVSSupplyChainSolutions #FIT3PL #Warehousing #Logistics #Supplychain #SCM #IndianLogisticsCompanies #RaviViswanathan

Source: TVS SCS

FIT 3PL has end-to-end contract logistics capability and will add more than 1.5 million sq. ft. of warehouse space into TVS SCS kitty

November 2021: TVS Supply Chain Solutions (TVS SCS), one of the leading providers of Integrated Supply Chain Solutions has acquired Bengaluru-based FIT 3PL Warehousing Private Limited (FIT 3PL), an end-to-end contract logistics services provider. TVS SCS has acquired a controlling stake (69.1%) in FIT 3PL, from FIT Consulting and Services Private Limited. This transaction will strengthen the existing pan-India presence of TVS SCS through an addition of more than 1.5 million sq. ft. of warehouse space, unlocking new levels of efficiency and synergies. FIT 3PL is one of the few independent Indian logistics companies with pan India presence and has consistently delivered strong and profitable revenue growth over the years.

Ravi Viswanathan, Joint Managing Director, TVS Supply Chain Solutions, said, “FIT 3PL is an important business addition and will further strengthen TVS SCS’ pan India presence. Our full range of technology capabilities can be leveraged to increase cross-selling and up-selling opportunities, and provide solutions for all new and existing customers of FIT 3PL. This acquisition will advance TVS SCS’ technology position by adding scale and empowering customers to optimize their supply chains using the power of emerging technologies.”