TVS Supply Chain Solutions (TVS SCS) has entered into a joint venture agreement with ALA Corporation, an Italy-based aerospace and defence supply-chain integrator. The joint venture, named TVS Packaging Solutions Private Limited, will focus on developing opportunities in India's growing aerospace and defence sectors. TVS SCS will hold a 51% stake in the JV, with ALA Group holding the remaining 49%. The company plans to invest up to ₹10.19 crore (INR 10,19,00,000) and ALA Group will invest up to ₹9.80 crore (INR 9,80,00,000) in TVS Packaging Solutions Private Limited. This partnership aims to leverage ALA Group's domain expertise and global customer relationships with TVS SCS's extensive network and digital capabilities. The joint venture is projected to achieve cumulative revenues exceeding ₹2,000 crore by 2031 and is expected to become profitable within its first twelve months of operation. The JV will specialize in end-to-end integrated supply chain solutions, including sourcing, kitting, warehousing, and delivery of aerospace and defence components. The indicative time period for the completion of funding is by September 30, 2026. TVS SCS brings its experience from its Defence and Utility sector operations in Europe, managing a significant number of Stock Numbers and fulfilling defence demands. ALA Group contributes over 35 years of experience as a specialized supply-chain integrator for leading aerospace and defence entities globally.
