TVS Supply Chain Arm Acquires Swamy and Sons 3PL for Rs 88 Crore to Expand FMCG Logistics Footprint

FIT 3PL Warehousing Pvt Ltd, a wholly owned subsidiary of TVS Supply Chain Solutions Ltd, has acquired Hyderabad-based Swamy and Sons 3PL for Rs 88 crore to bolster its presence in the FMCG supply logistics space.

The acquisition is intended to strengthen TVS Supply Chain Solutions’ operational reach and execution capabilities across Andhra Pradesh and Telangana, a senior company official said on Wednesday. The transaction, carried out through FIT 3PL Warehousing Pvt Ltd, was completed at an enterprise value of Rs 88 crore and will be funded through internal accruals.

In FY2025, Swamy and Sons 3PL reported revenue of Rs 207 crore with a profit before tax margin of 3.2 per cent.

Commenting on the acquisition, K Sukumar, CEO–India, Middle East and Africa, TVS Supply Chain Solutions, said the move aligns with the company’s strategy to further strengthen its high-performance supply chain platform in India.

“Swamy and Sons 3PL’s strong expertise in FMCG supply chains, extensive geographic footprint, and leadership position in Andhra Pradesh and Telangana will enhance our capability to serve large customers,” Sukumar said in a statement.

He added that the acquisition positions TVS Supply Chain Solutions among the leading warehousing-focused third-party logistics providers in India and represents a key milestone for its India operations, reinforcing its role as a trusted solutions provider in the FMCG segment.

Swamy and Sons promoter Arun Swamy said the acquisition marks a significant moment for the company, which has been serving customers across Telangana and Andhra Pradesh for more than 35 years.

“Becoming part of TVS Supply Chain Solutions offers our customers and employees the scale, systems and governance of a global supply chain leader, while enabling us to expand into new markets and drive the next phase of growth,” he said.

Following the acquisition, Arun Swamy will continue to lead Swamy and Sons 3PL and ensure a smooth ownership transition, while focusing on customer retention and business expansion, the company said.