Chennai, April 11, 2008… T V Sundram Iyengar & Sons Limited had spun off its logistics business in to a separate company in 2004. This company has now grown in India and globally through joint ventures and organically. The current turnover of
TVS Logistics and its joint ventures is in excess of Rs.330 crores and it plans to achieve Rs.1, 000 crores by 2010.
 
To fund these growth plans, Goldman Sachs has invested nearly Rs.100 crores for a significant minority stake. This is the first time a Private Equity investment has been made in a TVS Group Company. The company will also leverage the contact and reach of Goldman Sachs to further speed up its growth.

TVS Logistics has recently taken 50% stake in Greenarches Ltd (based in Mumbai) and renamed it as TVS Infrastructure Ltd. This company will create Logistics Parks and propose to invest nearly Rs.500 crores by itself and through special purpose vehicles (SPV) for building up warehousing and other required infrastructure.

This company already owns 20 acres in Pune and 10 acres in Chennai with plans to build up land bank around 200 acres in centers of automotive importance namely Hosur, Gurgaon, Halol, Lucknow, Singur, Uttaranchal and Indore.

TVS Dynamic Global Freight Services Limited is a new company formed by TVS Logistics Services and Dynamic Freight Forwarding Service which has combined the freight forwarding business of both the entities. TVS Logistics has 75% stake in the newly formed company. TVS Dynamic Global Freight Services Limited will focus on auto and non-auto segment and is expected to reach Rs.250 crores turnover in 3 years time.
TVS Logistics has plans to enter finished goods transportation (CBU) through forming joint venture with operators and also through merger and acquisitions.  These joint ventures are expected to contribute around Rs.100 crores during this fiscal.

TVS Logistics Services also recently entered the commutation solutions for corporate staff transportation, and has plans to expand its current fleet strength from 200 buses’ to 1000 buses with in the next two year’s.  
The company is also further examining expanding its operations in overseas joint ventures especially in Thailand & Indonesia to support its existing clients.

The company has got an excellent relationship with its existing customers and will build on this to grow further.

TVS Logistics has put in place a new customized ERP solution which provides Just in Time (JIT) tracking solutions with several unique features.

These plans will result in company’s employee strength going up from 3000 to 5000. In order to retain and develop the talent of its employees, the company has started training academies in Chennai and Madurai. TVS Logistics and its overseas subsidiaries will continue to focus on auto vertical, while the other domestic joint venture companies will also provide their services to other related sectors. This will help the company accelerate its sales beyond Rs.1,000 crores by 2010.

The company has already built up an enviable client list which includes major OEMs in India and leading Tier-I manufacturers in India and abroad.

With all needed inputs like funds, infrastructure and global presence through joint ventures and well trained employees, the Company is confident of surpassing the expectations of all the business stakeholders.

For more information’s, please contact:
S Ravichandran
President – TVS Logistics Services Ltd
Ph: 66793222
Mail: ravi.tvslogistics@tvssons.com