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.

Infrastructure Urban

19 May 2025

Sambhajinagar to Make 980 Villages Tanker-Free

The district administration of Chhatrapati Sambhajinagar has unveiled a major initiative to make 968 villages and 12 wadis entirely tanker-free under the Jal Samruddha Gaon Abhiyan.The campaign seeks to establish long-term, sustainable solutions to the district鈥檚 worsening water crisis, currently being managed through 263 water tankers. The scarcity has been caused by poor monsoon rainfall and declining groundwater levels across the region.As part of the first phase, officials will conduct a detailed survey of the affected villages and examine over 191 wells to assess the potential for refil..

Infrastructure Urban

19 May 2025

Srinagar to Anchor Inland Waterways Push in J&K

Srinagar has emerged as the central hub for a major initiative aimed at developing inland water transport (IWT) infrastructure across Jammu and Kashmir.The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has inaugurated a regional office at Transport Bhawan in Srinagar. The office will act as the nodal centre for planning and executing IWT projects throughout the Union Territory.The establishment of this office reflects the Union Government鈥檚 growing commitment to utilising the region鈥檚 river systems for sustainable and low-emission transpor..

Infrastructure Transport

19 May 2025

Gurugram Metro Phase 1 Clears Land Hurdle

Gurugram鈥檚 urban transport network is set for a major overhaul as Gurugram Metro Rail Limited (GMRL) moves forward with Phase 1 of its metro expansion. The project, valued at Rs 12.86 billion, will include a 15.2-kilometre elevated corridor with 14 stations, connecting Millennium City Centre to Sector 9, with an additional spur to Sector 101 on the Dwarka Expressway.In a key development, GMRL has received approval from the Haryana Shehri Vikas Pradhikaran (HSVP) to utilise over 5,800 square metres of land for the construction of 10 stations. These land parcels will accommodate vital infrastr..