TVS Supply Chain Solutions Acquires Swamy & Sons 3PL for ₹88 Crore, Strengthens FMCG Logistics Play

The acquisition has been executed through TVS SCS’ wholly owned subsidiary, FIT 3PL, at an enterprise value of ₹88 crore and will be funded through internal accruals. S&S3PL reported an annual revenue of ₹207 crore in FY25, with a Profit Before Tax (PBT) margin of 3.2%.

With a strong operational footprint in Andhra Pradesh and Telangana, S&S3PL brings deep domain expertise in high-volume, time-sensitive FMCG logistics and serves a portfolio of marquee customers across the country. Over the years, the company has built a reputation as a preferred logistics partner for leading FMCG brands, supported by robust regional execution capabilities.     The acquisition significantly strengthens TVS SCS’ India operations by enhancing its national scale, sectoral coverage, and last-mile distribution capabilities in consumption-led markets. It also bolsters the company’s ability to deliver seamless end-to-end logistics solutions, particularly in high-growth southern markets.

Commenting on the acquisition, K Sukumar, CEO – TVS SCS India, Middle East & Africa, said the move would provide TVS SCS with an immediate and strong foothold in FMCG logistics, expand its customer base, and improve revenue growth and margins through operating synergies and scale. He added that the acquisition positions TVS SCS among the top warehousing 3PL service providers in India, leveraging its 20 million sq. ft. warehousing footprint.

Arun Swamy, Promoter of Swamy & Sons, said joining TVS SCS would offer customers and employees access to global systems, governance, and growth opportunities across new geographies. Swamy will continue to lead S&S3PL, ensuring a smooth transition and sustained customer engagement.