TVS Supply Chain Solutions to invest up to ₹100 crore in FIT 3PL Warehousing for expansion

TVS Supply Chain Solutions Ltd on Tuesday (December 9) said its board of directors has approved a further investment of up to ₹100 crore in FIT 3PL Warehousing Private Ltd, its wholly owned subsidiary, to facilitate business expansion.

FIT 3PL Warehousing Private Ltd is a wholly owned subsidiary of TVS Supply Chain Solutions. The subsidiary reported a turnover of ₹133.18 crore as of March 31, 2025. The investment will be made by way of equity and equity-like instruments in one or more tranches. The consideration will be in cash.

Also Read: TVS Supply Chain Q2 Results | Net profit spikes 54% on cost efficiency, strong execution

Post the proposed investment, FIT 3PL will continue to remain a wholly owned subsidiary of the company. The transaction is being undertaken on an arm’s length basis. The promoters and promoter group do not have any interest in the transaction. No governmental or regulatory approvals are required for the investment. The indicative time period for completion of the acquisition is September 2027.

FIT 3PL operates in the logistics sector and is engaged in 3PL and warehousing services. The company was incorporated on February 4, 1997 and operates in India. Its turnover for the last three financial years stood at ₹133.18 crore for FY25, ₹144.40 crore for FY24 and ₹160.38 crore for FY23.

Shares of TVS Supply Chain Solutions Ltd ended at ₹102.90, down by ₹1.01, or 0.99%, on the BSE.

Also Read: TVS Supply Chain targets double-digit FY26 growth backed by ₹6,200 crore pipeline