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

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..