TVS Supply Chain Solutions Limited announced today that its Board of Directors has approved additional funding of up to Rs 250 crore for its wholly owned overseas subsidiaries. This move aims to support cash flow requirements for upcoming projects, including working capital and capital expenditure, as part of the company’s international growth strategy.
The funding will be allocated across three subsidiaries: TVS Logistics Investment UK Limited, TVS Supply Chain Solutions Pte. Ltd., Singapore, and TVS Logistics Investments USA Inc., USA. These entities are engaged in storage, warehousing, freight transportation, and related land transport services.
The transaction is structured as a cash consideration and will be made through a mix of loan, equity, or equity-like instruments. It is being conducted on an arm’s length basis under the automatic route of the Overseas Investment Guidelines, 2022, and is compliant with FEMA regulations. Completion is expected by December 31, 2026.
The subsidiaries reported robust turnovers in FY24: Rs 40,815.42 crore (UK), Rs 16,649.69 crore (Singapore), and Rs 7,961.77 crore (USA). The company stated that this expansion move is expected to contribute positively to revenue and profitability in the coming years.
