TVS Supply Chain Solutions (TVS SCS), a global supply chain solutions provider with an FY 23 revenue of over $1.2 bn, and one of the largest and fastest growing integrated supply chain solutions providers in India according to the report titled “Logistics and SCS (Supply Chain Solutions) Market in India,” prepared by RedSeer, today announce that it has secure a business deal from the iconic Centrica plc – an FTSE100 company with annual revenues of £34bn and UK’s leading energy services and solutions company that also operates British Gas – for their supply chain transformation.
This deal is for a period of 7 years plus option years.
Centrica, after a rigorous evaluation process, found TVS SCS to be the right service partner to manage and transform its supply chain operations.
TVS SCS, on its part, will provide its global supply chain expertise and offer a suite of its in-built, state-of-the-art proprietary IT systems – Msys – and automate the supply chain in line with Centrica’s business requirements.
Mr. Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions, said :
“The trust shown by Centrica (British Gas), on us through this deal, demonstrates our capabilities and expertise in the world of supply chain solutions. I am sure this partnership with Centrica will add value to their energy services and solutions business, British Gas, through our tech enabled supply chain solutions. We look forward to a fruitful and enduring collaboration that will not only benefit both the organisations but also make a positive and lasting impact on the communities we serve.”
Mr. David House, Chief Operating Officer, British Gas, said :
“We are delighted to be working in partnership with TVS SCS, a renowned leader in their field, as we embark on a transformative journey in our supply chain management. This strategic collaboration marks a pivotal moment for Centrica as we enhance our capabilities to deliver exceptional energy services and solutions to our valued customers. We are confident that TVS SCS’ solutions will enable us to create a seamless customer experience and drive operational efficiency. We look forward to a successful collaboration that will unlock new opportunities and drive growth.”
This transformational deal will enable Centricato consolidate its logistics footprint through a new Centre of Excellence campus, which will be supported by state-of-the-art automation; digital ordering and fulfillment; end-to-end visibility and planning; and a flexible final mile delivery and returns service.
TVS SCS, through its UK operations, manages circa 3 million items per day for customers across automotive, beverage, defence, healthcare, rail, and utilities sectors.
These clients rely on TVS SCS’ ability to create and manage a resilient supply chain that actively mitigates the risk of supply from global disruptions.
It offers a range of solutions that include consultancy, product data management, strategic purchasing, data analytics, inventory management, warehousing, and last mile delivery, among others.
TVS SCS operates through 45 locations across the UK with around 3000 employees.
About TVS Supply Chain Solutions
Promoted by the erstwhile TVS Group and now part of TVS Mobility Group, TVS Supply Chain Solutions Limited (“TVS SCS” or “Company”) is an India-based multinational company, who pioneered the development of the supply chain solutions market in India.
For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions.
The Company’s global customers include 72 ‘Fortune Global 500 2021’ companies in the six-month period ended December 31, 2022.
The Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.
TVS SCS provides specialized solutions spanning the entire value chain from sourcing to consumption, to reduce complexity in its customers’ supply chains by using technology, data analytics, and execution experience.
The company’s digital platforms are largely cloud-based, powered by a micro service-based architecture ,and are highly scalable and reliable, thereby enabling it to implement solutions across multiple geographies in a relatively short time.
About Centrica
Centrica is the UK’s leading energy services and solutions company, founded on a 200-year heritage of serving customers in homes and businesses.
We supply energy and services to over 10 million residential and business customers, in the UK and Ireland, through brands such as British Gas, Bord Gáis Energy, and Centrica Business Solutions.
Centrica’s Optimisation business provides commodity risk management on behalf of Centrica Group, trading physical and financial energy commodity products.
We connect energy producers, suppliers and off-takers in the wholesale energy markets.
