Global reset done, TVS supply chain unit eyes margin boost

TVS Supply Chain Solutions (SCS), whose wafer-thin margins and weak post-IPO performance have dampened investor sentiment since its 2023 debut, is looking to reset expectations after a major overhaul of its overseas operations.

- Nehal Chaliawala [e-mail]

TVS SCS managing director Ravi Viswanathan.

As part of ‘Project One’, the company has consolidated businesses in high-cost markets such as Europe and the US and shifted back-end work to India. These efforts are expected to save about ₹120 crore annually and lift its profit before tax margin to 4% by FY27, managing director Ravi Viswanathan said in an interview with Mint on Wednesday. The margin was under 1% in the first half of FY26.

The company is also investing in expanding its high-margin integrated supply chain services (ISCS) business in the US and Europe and is hiring more people in its business development teams, he said.