Key Highlights
- TVS Supply Chain Solutions approved a joint venture with Italy-based ALA Group on June 4, 2026.
- The company will invest up to ₹10.19 crore in TVS Packaging Solutions Private Limited.
- ALA Group will invest up to ₹9.80 crore in the venture through equity or equity-like instruments.
- TVS SCS will hold a 51% stake, while ALA Group will own 49% in the joint venture.
- The partnership targets cumulative revenues exceeding ₹2,000 crore by 2031.
- The venture will focus on aerospace and defence supply chain opportunities in India.
TVS Supply Chain Solutions Ltd (TVS SCS) has approved the formation of a joint venture with Italy-based ALA Group to build an integrated aerospace and defence supply chain platform in India.
As part of the arrangement, TVS SCS will make a further investment of up to ₹10.19 crore in its wholly owned subsidiary, TVS Packaging Solutions Private Limited. The investment is subject to the completion of definitive agreements and the fulfilment of specified conditions precedent.
The company said the proposed investment is aimed at supporting business expansion initiatives and facilitating collaboration with ALA Group to develop opportunities in India’s growing aerospace and defence sectors. TVS Packaging Solutions, incorporated in 2017, currently focuses on exploring and establishing business expansion opportunities in the packaging and logistics space.
Under the proposed structure, TVS SCS will invest up to ₹10.19 crore, while ALA Group and its subsidiaries will invest up to ₹9.80 crore through equity or equity-like instruments. Following the completion of the transaction, TVS SCS will hold a 51% stake in the joint venture entity, while ALA Group will own the remaining 49%. The funding process is expected to be completed by September 30, 2026.
According to the companies, the joint venture will focus on providing end-to-end aerospace and defence supply chain solutions, including sourcing and supply of components, inventory management, kitting and sub-assembly operations, warehousing, imports, consolidation, and delivery services. The venture will initially concentrate on the Indian market while also evaluating opportunities in selected international markets over time.
TVS SCS stated that the joint venture is expected to become a significant growth driver for its India operations. The companies are targeting cumulative revenues of more than ₹2,000 crore by 2031, supported by increasing demand from India’s aerospace and defence industries.
Commenting on the development, R. Dinesh, Executive Chairman of TVS Supply Chain Solutions, said the partnership marks the company’s entry into the high-growth aerospace and defence supply chain segment. He noted that India’s increasing localisation initiatives, strategic investments, and international collaborations are creating substantial opportunities in the sector.
Vikas Chadha, Global Chief Executive Officer of TVS Supply Chain Solutions, said the industry requires specialised supply chain capabilities due to stringent certification, compliance, and traceability requirements. He added that the venture is expected to achieve profitability within its first 12 months of operations and contribute meaningfully to the company’s growth and profitability in India.