TVS Supply Chain Solutions bags 69% stake in FIT 3PL Warehousing

22 Nov 2021 CW Team

TVS Supply Chain Solutions (TVS SCS), a logistics arm of TVS Group, has secured a 69% stake in the Bengaluru-based FIT 3PL Warehousing, which provides end-to-end logistics services.

It will enhance the existing presence of TVS SCS throughout India by adding 1.5 million sq ft of warehousing space. FIT 3PL has a pan India presence and consistently delivers strong and profitable revenue growth.

Joint Managing Director of TVS SCS, Ravi Viswanathan, said that FIT 3PL is important to strengthen TVS SCS's presence in India. The company can use its technology to increase cross-selling and up-selling opportunities, providing solutions to new and existing customers of FIT 3PL. The acquisition will enhance its position in technology by adding scale and empowering customers to optimize their supply chains using emerging technologies.

The company said that FIT 3PL would provide end-to-end contract logistics services to more than 70 customers. It includes over 60 facilities across 1.5 million sq ft in 30 cities across India. Most of its warehousing spaces are in Tier 1 and Tier 2 cities of India, majorly industrial zones, ICDs and warehousing hubs.

The company has a two-pronged approach to sustainable growth by operating within the 3PL warehousing space, which is a high growth sector of road transportation in the market. In its warehousing space, it focuses on white goods, which is on a high growth trajectory. The company, with its well-established network, will cater for the rising demand for logistics in the country, it added.

Image Source

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..