In a move that promises to reshape the landscape of industrial and logistical infrastructure, TVS Industrial and Logistics Parks Pvt Limited (TVS ILP) has proudly unveiled a transformative strategic partnership with Lingotto, a distinguished investment management company under the esteemed Exor N.V. umbrella. This significant collaboration has been set into motion through a secondary stake sale, marking a pivotal moment in TVS ILP's journey towards excellence in the logistics sector.
TVS Industrial and Logistics Parks Pvt Limited (TVS ILP), a subsidiary of the TVS Mobility Group, is pleased to announce a strategic collaboration with Lingotto, an investment management firm owned by Exor N.V., a globally renowned holding company with a strong history of successful investments across various industries. This significant partnership has been initiated through a secondary stake sale by the British International Investor, a development finance institution from the UK. This secondary transaction has been executed at an Enterprise Value of 2,800 crores, underscoring the considerable potential and scale of TVS ILP. Lingotto will acquire a 21% ownership stake in TVS ILP. Since its establishment in 2005, TVS ILP has been a pioneer in the field of Grade A warehousing, offering state-of-the-art facilities nationwide in India. Known for its unwavering commitment to excellence, TVS ILP is celebrated for delivering top-notch warehousing and logistics solutions across the country. The company's goal is to become the trusted leader in integrated logistics parks, providing comprehensive services tailored to the diverse needs of its clients. TVS ILP is distinguished by its exceptional project execution, ensuring timely delivery, and fostering long-lasting partnerships with customers. The company boasts a diverse client base, including industry leaders in sectors such as FMCG, FMCD, CDE, 3PLs, Ecommerce, and more. With a 20 million square feet platform, TVS ILP has played a pivotal role in setting industry standards in the largely unorganized Indian Logistics Parks sector, featuring remarkable operational performance. The company has consistently maintained over 98% occupancy throughout its history, with full utilization for the past six years, demonstrating its business acumen while upholding its "Client First" philosophy. In line with its founders' principles, the company has always been mindful of its social responsibilities and has received recognition, including the Edge+ Champion award from IFC (a member of the World Bank Group), for its ongoing efforts in this regard. Lingotto Investment Management LLP (Lingotto) is an independent and entrepreneurial investment management firm located in London. It is wholly owned by Exor N.V., one of Europe's largest diversified holding companies, and is authorized and regulated by the Financial Conduct Authority. Its mission is to deliver attractive long-term returns through a unique and differentiated investment approach. Lingotto provides talented investment professionals with a platform to pursue their passion for investing, offering a blend of autonomy and structured support. In conclusion, the strategic partnership announced between TVS Industrial and Logistics Parks Pvt Limited (TVS ILP) and Lingotto is a testament to the dynamic and evolving nature of the industrial and logistical sector. As this alliance takes shape, it holds the promise of unlocking new horizons for both companies, with TVS ILP's proven excellence in Grade A warehousing and logistics combining with Lingotto's strong investment expertise and Exor N.V.'s formidable backing.
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