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Made in Madurai                

Thursday, April 19, 2012

KKR Logistics to invest and avail 20% stake of TVS Logistics, a Madurai Based Company

KKR Logistics is planning to invest $55 Mn in Chennai-based TVS Logistics Services Ltd for 20% stake in the company in second round of funding.

Goldman Sachs Group Inc. and TVS Capital Funds Ltd are minority stakeholders in the company, having invested R100Cr each in 2008. The TVS Group holds over a 60% stake.

Incorporated in 2004 - TVS Logistics, a Madurai-based unit of the TVS Group, operates as a logistics solutions provider across multiple verticals including automotive, distribution, electronics, and discrete component manufacturing.

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