TVS Supply chain acquires majority stake in logistics firm FIT 3PL

TVS Supply Chain Solutions (TVS SCS), the logistics arm of $8.5 billion TVS Group, has acquired a majority stake of 69 per cent in Bengaluru-based FIT 3PL Warehousing (FIT 3PL), an end-to-end contract logistics services provider, for an undisclosed amount from FIT Consulting and Services.

This transaction will strengthen the existing pan-India presence of TVS SCS through an addition of more than 1.5 million square feet of warehouse space, unlocking new levels of efficiency and synergies. FIT 3PL is one of the few independent Indian logistics companies with pan India presence and has consistently delivered strong and profitable revenue growth over the years.