62 | AutoPartsAsia | OCTOBER 2017T
VS Logistics Services Ltd.
(TVS LSL),the India-based
multinational third-party
logistics service provider,
has announced its growth plans
for Indian market for the next three
years. The company has devised
multiple strategies that include a
new organizational structure, global
integration, cross deployment,
leveraging GST opportunities, etc. to
achieve its growth in India. R Shankar,
CEO, TVS LSL, who was earlier
managing select business operations
in India, is given the responsibility
to lead the overall India business for
achieving its $1billion revenue target
by FY 2021.
R Dinesh, Managing Director, TVS
LSL, said, “With our global revenue
already crossing $ 1bn, we are now
setting our focus firmly on India
operations to achieve this ambitious
target. Our India business, especially
post acquisition of DIESL, has been
growing above 30 percent CAGR
over the last five years and we look
to improve this growth further in the
next three years to reach the target of
$ 1bn revenue in India. As part of the
India growth strategy, I am happy to
announce R Shankar as the CEO of
our overall India operations. The new
India structure would leverage our
global expertise and help us serve our
customers better.”S Ravichandran, Deputy Managing
Director, TVS LSL, said, “Implementing
Matrix structure and solutions acquired
globally will enable TVS LSL to offer
best-in-class solutions to MNC clients
in India as also to other Indian clients.”
R Shankar, CEO, TVS LSL, said, “We
are fully geared up for this ambitious
growth target. We will continue to
differentiate and bring in operational
synergies to provide end-to-end
solutions for our customers and value
added services in India.”
Sanjive Sharma, Global CEO, Rico
Logistics, said “Our capabilities are
unique. We have integrated and
converted the aftermarket spare
parts (non-auto) into a solution
mode globally. We see this as a
huge growth opportunity both with
global customers in India and Indian
customers globally.”The New Structure
Shankar will continue to report to
Ravichandran, Deputy Managing
Director. In addition to the existing
business-enabling functions like
Finance, IT and HR, TVS LSL has
created a new role of Integrated
business heads for the four major
regions in India. There will also
be subject experts for key sectors
like Automobile, Technology and
Engineering. With India taking a
lead in adopting this strategy, thecompany would look to standardize
this template for a global rollout in a
phased manner.Global Centres of
Excellence
TVS LSL has formed four Centres of
Excellence (CoE) in the UK, the US,
Singapore and India. The CoE in the
UK will focus on contract logistics,
the US centre will work on production
and inbound supply chain, the CoE
in Singapore will focus on freight
forwarding and the one in India will
concentrate on global technology.
The India centre, based in Madurai,
was created in April this year. The
centre will aim to build new-age
apps and solutions, using Indian
ingenuity with global know-how, for
‘track & trace’ to provide intelligent
communications to clients. Dinesh
Narayanan, who is heading the Global
IT at TVS Logistics, will also lead the
Global Centre of Excellence initiative.
TVS LSL employs around 19,000
(12,000 direct and 7000 indirect)
strong work force in India and is one
of the leading employment providers
in the Logistics sector. TVS Supply
Chain Solutions (UK) also provides
over 2500 jobs in the UK and in
Europe where it is one of the largest
Indian employers in Northern England.
The company employs another 2,000
people in the US.TVS Logistics Targets
$ 1 Billion Business In India By 2020
APA Bureau
Sanjive Sharma, Global CEO, Rico Logistics, R Dinesh, MD, S Ravichandran, Dy MD and R Shankar, CEO, TVS Logistics Services LimitedGLEANINGS India