TVS Supply Chain Solutions (TVS SCS), an Indian based company and among the largest and fastest-growing integrated supply chain providers, has made an announcement that it has acquired 3PL Company Swamy and Sons 3PL (S&S3PL), which is based in Hyderabad.
This business decision will reinforce the presence of TVS SCS in the FMCG and FMCD markets, especially in Andhra Pradesh and Telangana, the major ones in fast-moving consumer goods.
This acquisition, worth Rs 88 crore, is being executed in a wholly owned subsidiary, FIT 3PL of TVS SCS and will be financed by the internal accruals. According to Swamy and Sons, the annual revenue growth was declared as 207 crore in fiscal year 25 and the pre-tax profit before tax (PBT) was 3.2 percent.
Also Read: Streamlining Automotive Operations with 3PL Warehousing and Distribution
The company has also earned itself a good reputation in the management of high-volume and time-sensitive supply chains and this has seen the company being a reliable partner when it comes to the management of major FMCG brands in India.
TVS SCS’s CEO, K Sukumar, commented, “This acquisition is a strategic step in our journey to further strengthen our high-performance supply chain platform in India. S&S3PL’s deep expertise in FMCG supply chains, strong geographic reach, and market leadership in Andhra Pradesh and Telangana enhance our ability to serve large customers.”
The acquisition not only enhances the national scale of TVS SCS; it also increases its distribution and last-mile services across key consumption-based markets.
Arun Swamy, the promoter of Swamy and Sons, was enthusiastic about the deal, saying that the acquisition will offer greater scale, systems and governance. He will still guide the organization and provide a smooth transition, which will result in retention of and growth of customers.
We use cookies to ensure you get the best experience on our website. Read more...