TVS Supply Chain Solutions (TVS SCS) has acquired Swamy & Sons 3PL to strengthen its FMCG logistics capabilities. The acquisition, executed through its subsidiary FIT 3PL, is valued at ₹88 crore. Swamy & Sons 3PL, with a revenue of ₹207 crore in FY25, brings strong regional presence in Andhra Pradesh and Telangana. This move enhances TVS SCS’s position in the FMCG and FMCD sectors.
Strategic Acquisition
TVS Supply Chain Solutions (TVS SCS) has strategically acquired ‘Swamy & Sons 3PL’ (S&S3PL), a Hyderabad-based 3PL company. This acquisition aims to strengthen TVS SCS’s leadership in the FMCG (Fast-Moving Consumer Goods) supply chain sector in India.
Deal Details
The acquisition was completed through TVS SCS’s wholly-owned subsidiary, FIT 3PL, for an enterprise value of ₹88 crore. The funding for this acquisition will be managed through internal accruals. Swamy & Sons 3PL reported an annual revenue of ₹207 crore in FY25, with a Profit Before Tax (PBT) of 3.2%.
Rationale
The acquisition of Swamy & Sons 3PL will provide TVS SCS with a strong foothold in the FMCG logistics space, and expand its customer base by including leading Indian FMCG and FMCD customers. This is expected to strengthen the service capabilities in Andhra Pradesh and Telangana.
Two-Tranche Structure
The proposed transaction will be completed in two tranches:
Tranche 1: Expected to be completed on or before May 28, 2026, where FIT 3PL will hold 80% of the paid-up share capital of the Target Entity.
Tranche 2: Expected to be completed on or before September 30, 2027, after which FIT 3PL will hold 100% of the paid-up share capital of the Target Entity.
Consideration
The consideration is as follows:
Tranche 1: INR 70.4 crores, subject to net debt and working capital adjustments.
Tranche 2: INR 17.6 crores, subject to adjustments.
Swamy & Sons 3PL Overview
Swamy & Sons 3PL is involved in 3PL and Warehousing. The target entity’s turnover for FY22-23 was INR 215.4 crores, for FY23-24 was INR 210.3 crores, and for FY24-25 was INR 207.1 crores. The company’s presence is in India.
Source: BSE
