TVS Supply Chain Solutions Ltd

TVS Supply Chain Solutions (TVS SCS) is India's largest supply chain solutions provider. We are specialists in transforming supply chains through effective use of technology to deliver improved efficiencies. As part of the TVS Mobility Group, we leverage our longstanding brand heritage, operational experience and in-depth understanding of multi-sector dynamics and local markets. We also inherit the corporate governance standards, values and trust that come with the TVS lineage.

We pioneered the development of the supply chain solutions market in India. For close to two decades, we have managed large and complex supply chains across multiple industries in India and select global markets through customised tech-enabled solutions. We have consolidated our leadership position in India and expanded our geographical presence, capability expertise, and customer relationships.

6,909

Customers

78

Fortune Global 500 customers

17,000+

Employees

25.5 mn

Square feet of space managed

Long-term Supply Chain Partners

We follow a customer centric approach and work collaboratively as supply chain partners through the growth journey of our customers. This has enabled us to build long-term relationships with our customers. These enduring customer relationships have added resilience to our business and helped cement our market position.

We serve customers across industries such as

Automotive

Industrial

Consumer

Tech and tech infra

Rail and utilities

Healthcare

#CPEnd#

#CSStart#

Message from the Executive Chairman

Chain Solutions' first annual report as a publicly listed company.

Once again, I welcome you all to the TVS SCS shareholder family. We are in our 20^th year in 2024 since our incorporation. Looking back, we have evolved to become an Indian supply chain multinational, and I wish to thank everyone who has made this achievement possible.

Our Evolution

We started in 2004 providing 3PL solutions to customers in India when third-party logistics was nascent in the Indian context. Our approach to growth revolved around the customer, and as we grew in scale and presence, we deepened relationships with our customers by expanding our capabilities, physical presence and through targeted acquisitions. Together with this, even in our early days, we had focused on developing in-house tech capabilities by bringing in digital innovation to deepen our engagement further. Today, with a global footprint and a diverse customer base, we are a true Indian multinational.

Our DNA

At our core, we are a solutions company rather than a mere logistics service provider. We have understood the problems of our customers' supply chains and brought in tailor-made solutions using both incremental and breakthrough innovation with technology underpinning the same. This approach has helped create long-term supply chain partnerships with our customers and provided new growth opportunities that position us favourably for future growth.

Indian

The supply chain industry in India is experiencing a significant transformation in technological advancements and innovative solutions deployed to cater to increasing industrial and consumer demand. India started its focus on supply chain improvements late, but it presents an opportunity to not only learn from other developed markets but also leapfrog through digital innovations.

Industries are increasingly considering the supply chain as a structural moat and looking to partner with one-stop solution providers to build differentiators for themselves. Outsourcing in India is still nascent and will register significant growth in the near future.

India will continue to be a cost and value conscious market. Therefore, companies like ours and others must provide cost-effective solutions tailored to the Indian market, which can be further deployed in other emerging markets.

The Government of India's policy emphasises enhancing and facilitating infrastructure that propels India to the forefront of global manufacturing destinations. India's role in global supply chains is becoming increasingly significant. In the domestic market, consumption across end-user industries will increase demand for logistics services in India. This strategic focus has and will continue to provide solid foundation for businesses to capitalise on opportunities and confidently invest in the country's burgeoning manufacturing sector. The Government of India has paid heightened attention to the logistics sector, a crucial economic enabler, further solidifying its importance in India's growth strategy. Focusing on outsourcing and increasing the utilisation of the infrastructure being created and the digital backbone being built, will further increase the need for evolved supply chain solutions. Your company will continue to play a critical role in this evolution.

Global

Globally, the supply chain industry is still fragmented. As it become more complex and resilience is being built-in across various tiers of manufacturing and consumption, end-to-end visibility across multi-modal supply chains will become an absolute necessity. Here, not only managing the key supply chain metrics but also enhancing asset utilisation and operational capacity is of paramount importance. Reducing the total cost of the supply chain, including the cost of inventory holding, optimal sourcing and having an agile technology solution, will differentiate the supply chain companies. Our diversified customer base and digital solutions present significant growth opportunities to manage these complex integrated solution requirements.

The need to be environmentally sustainable and create solutions which reduce the carbon footprint has become even more imperative. Digital visibility becomes one more factor in supporting this and helping proactive decision-making. The need to move from providing 3PL services to integrated supply chain solutions has become the expectation.

Gratitude

Looking back at our journey over the two decades, I am humbled by what we have achieved and optimistic about the opportunities ahead. I am grateful to everyone who has contributed in our journey so far and thank them wholeheartedly for their support and involvement. I believe that Indian logistics is on the verge of significant growth, and we will play a critical role in this. Globally, thanks to our diversified customer base and digital readiness, we see more opportunities for our business model to be relevant, allowing us to expand our relationship with our existing customers and bring in new customers into our fold.

I am grateful to you as shareholders for your faith in us. I also thank our customers for allowing us to serve them and our vendor partners for supporting us through this journey. I would like to express my sincere gratitude to our employees and stakeholders, as they have made us what we are and will help us achieve our future goals.

I would also like to express my sincere gratitude to Mr. Mahalingam Seturaman and Mr. Sargunaraj Ravichandran, who stepped down from the Board during the year. The organisation greatly benefited from their contributions, service, and exceptional guidance. I also thank our other directors of the Board for their support and engagement. We are committed to growing sustainably and ensuring that our business practices contribute positively to the environment and society.

R Dinesh

Executive Chairman