TVS Logistics Chalks Out Ambitious Growth Plan

- Bhargav TS

Multinational third-party logistics service provider, TVS Logistics Services Ltd. (TVS LSL) has chalked out an ambitious growth plan as far as the Indian market is concerned. The company is targeting a revenue of Rs.7000 crore by FY2020-21. For the current fiscal, the company is targeting a revenue of Rs.2500 to Rs.2700 crore. While the global revenue of the company has crossed the USD-one billion mark, according to R Dinesh, Managing Director, TVS LSL, for the last five years, the Indian business has been growing at a CAGR of over 30 per cent. Carrying out a change in the organisational structure and focusing on global integration, the company is looking at cross deployment and new ways to leverage opportunities created by the implementation of GST. Annouced R Shankar, CEO of Indian operations, that they are confident of the multipronged strategy to achieve the goal of Rs.7000 crore by FY2020-21. R Dinesh mentioned, “We are setting our focus firmly on the India operations to achieve a strong growth. Our India business, especially post acquisition of Drive India Enterprise Solutions Ltd (DIESL), has been growing at a CAGR of over 30 per cent for the last five years. Our emphasis is on accelerating growth to reach the target of Rs.7000 crore revenue in India.”