TVS SCS raises Rs 590 cr from fund managed by Italian business dynasty

Earlier this year, Agnelli group's holding company Exor, through another fund managed by them, had invested in Ki Mobility Solutions-a subsidiary of TVS Automobile Solutions

TVS Supply Chain Solutions (TVS SCS), part of $8.5 billion TVS Group, on Monday announced that it has raised Rs 590 crore from a fund managed by Exor, the Europe-based leading diversified holding company controlled by the Agnelli family.

TVS SCS will use the fund to grow its business, further strengthen its technology capability, and for other transformational initiatives, the company said. Earlier this year, Exor, through another fund managed by them, had invested in Ki Mobility Solutions – a subsidiary of TVS Automobile Solutions.

R Dinesh, Managing Director, TVS Supply Chain Solutions, said, “The investment by Exor reiterates TVS