TVS SCS eyes place among top 50 global logistics players - The Hindu

TVS Supply Chain Solutions Ltd aims to become one of the top 50 logistics companies globally, according to MD Ravi Viswanathan. The company reported a 20.1% growth in Q1 across India, U.K., Europe, and North America. It expects high revenue growth of around 20% in FY24. TVS SCS plans to invest ₹100-110 crore annually until FY26 on technology, automation, and warehousing. The company also plans to reduce its debt by around ₹1,090 crore by March 2024, resulting in interest savings of ₹15 crore per quarter.

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