TVS Supply Chain Solutions Ltd wholly-owned subsidiary FIT 3PL is set to acquire Hyderabad-based 3PL company, ‘Swamy & Sons 3PL’ (S&S3PL) for an enterprise value of ₹88 crore to facilitate business expansion and strengthen the capabilities in FMCG & FMCD.
The acquisition will provide TVS SCS with a strong and immediate foothold in the FMCG logistics space, expand its customer base, strengthen its service capabilities with enhanced regional depth in Andhra Pradesh and Telangana, improve revenue growth prospects and margin profile through operating synergies and scale leveraging TVS SCS’ 20 million sq. ft. warehousing space
The acquisition will be funded through internal accruals. It will be carried out in two phases. After the completion of Tranche 1 by May 28, 2026, the company holding will increase to 80% and 100% by September 2027.
Over the years, S&S3PL has built deep domain expertise in FMCG logistics and serves a portfolio of leading customers across the country. Its proven capabilities in managing high-volume, time sensitive supply chains have established the company as a preferred partner for leading FMCG brands. It posted revenue of ₹207 crore for FY25.
K Sukumar, CEO, TVS SCS India, Middle East & Africa, said: “This acquisition is a strategic step in our journey to further strengthen our high-performance supply chain platform in India. S&S3PL’s deep expertise in FMCG supply chains, strong geographic reach, and market leadership in Andhra Pradesh and Telangana enhance our ability to serve large customers. The acquisition positions TVS SCS to be among the top warehousing 3PL service providers in India, and our upstream capabilities enable us to service third-party dark stores at scale.”
Arun Swamy, Promoter, Swamy & Sons said: “We have been at the forefront of customer service for over 35 years in this important market of Telangana and Andhra Pradesh. Becoming part of TVS SCS provides S&S3PL’s customers and employees the scale, systems and governance of a leading global supply chain organisation, as well as the ability to take the organisational capabilities forward into other geographies in India, thereby powering the next phase of growth.”
Mr. Arun Swamy, will continue to lead the organisation and support customers through a smooth ownership transition, while continuing to drive customer retention and growth.