TVS Supply

Growth in our existing core sectors

Growth in its existing core sectors.

Scout for adjacent sectors

Scout for adjacent sectors.

Pivot to new age and fast emerging sectors

Pivot to new age and fast emerging sectors.

Deepen presence in a country.

Continue to grow our global platform through targeted inorganic opportunities.

Leverage our global network to expand into new markets.

Deepen presence in a country.

Continue to grow our global platform through targeted inorganic opportunities.

Leverage our global network to expand into new markets.

Deepen presence in a country.

Continue to grow our global platform through targeted inorganic opportunities.

Critical scale in a fast-growing and fragmented third-party logistics market in India;

Critical scale in a fast-growing and fragmented third-party logistics market in India;

Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;

Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;

Robust in-house technology differentiation;

Robust in-house technology differentiation;

Long and consistent track-record of successful integration of acquisitions to support capabilities and customer acquisition;

Long and consistent track-record of successful integration of acquisitions to support capabilities and customer acquisition;

Long-term customer relationship in diversified and attractive industries through encirclement;

Long-term customer relationship in diversified and attractive industries through encirclement;

Resilient business model with multiple drivers of profitable growth;

Resilient business model with multiple drivers of profitable growth;

Strong parentage with management team with cross industry experience.

Strong parentage with management team with cross industry experience.

The company is depend on network partners and other third parties in certain aspects of its operations and unreliable or unsatisfactory services provided by them or failure to maintain relationships with them could result in a disruption in its operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.

The company`s Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. The Offer Price of the Equity Shares, price to earnings ("P/E") ratio, enterprise value ("EV") to EBITDA ratio and market capitalization to revenue from operations ratio may not be indicative of the market price of the Equity Shares on listing or thereafter.

The company is highly reliant on its technology infrastructure and software suite in its business operations, and any disruption or failure of its technology infrastructure could materially and adversely affect its growth prospectus, reputation, business, results of operations, financial condition and cash flows.

The company depends on network partners and other third parties in certain aspects of its operations and unreliable or unsatisfactory services provided by them or failure to maintain relationships with them could result in a disruption in its operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.

The company is highly reliant on its technology infrastructure and software suite in the company business operations, and any disruption or failure of its technology infrastructure could materially and adversely affect the company growth prospectus, reputation, business, results of operations, financial condition and cash flows.

Its diverse and complex global operations subject it to many risk and uncertainties.

The company`s diverses and complex global operations subject it to many risk and uncertainties.

The company incurred losses in Fiscals 2019, 2020 and 2021, and the six months ended September 30, 2021 and any similar losses in the future may adversely affect its business, financial condition and cash flows.

Its indebtedness and the conditions and restrictions imposed by its financing agreements and any noncompliance may lead to, amongst others, suspension of further drawdowns, which may adversely affect its business, results of operations, financial condition and cash flows.

The company incurred losses in Fiscals 2020, 2021 and 2022, and the nine-month period ended December 31, 2021 and any similar losses in the future may adversely affect its business, financial condition and cash flows.

The company is exposed to foreign currency exchange rate fluctuations and its results of operations have and will impacted by such fluctuations in the future.

The company indebtedness and the conditions and restrictions imposed by its financing agreements and any non-compliance may lead to, amongst others, suspension of further drawdowns, which may adversely affect its business, results of operations, financial condition and cash flows.

The compan is exposed to foreign currency exchange rate fluctuations and its results of operations have and will impacted by such fluctuations in the future.

The company depend on its ability to demonstrate the value of its services to customers while operating in a highly competitive and fragmented industry, and any failure to compete or respond to customer requirements could negatively affect its business and its results of operations.

The company depends on its ability to demonstrate the value of its services to customers while operating in a highly competitive and fragmented industry, and any failure to compete or respond to customer requirements could negatively affect its business and the company results of operations.

The company typically enter into long-term agreements with customers and if its key customers do not renew their agreements with its, or expand the scope of services, the company provide to them, or if its long-term relationships with its key customers are impaired or terminated, its business, financial condition, results of operations and cash flows could be adversely impacted.

The company typically enter into long-term agreements with customers and if its key customers do not renew their agreements with it, or expand the scope of services, the company provide to them, or if its long-term relationships with the company key customers are impaired or terminated, its business, financial condition, results of operations and cash flows could be adversely impacted.

The company has undertaken and may continue to undertake strategic acquisitions in the future, which may be difficult to integrate and manage. These may expose it to uncertainties and risks, any of which could materially adversely affect its business, financial conditions, results of operations and cash flows.

The company has undertaken and may continue to undertake strategic acquisitions in the future, which may be difficult to integrate and manage. These may expose it to uncertainties and risks, any of which could materially adversely affect its business, financial conditions, results of operations and cash flows.

The company depend on a number of key personnel, including its Promoters and senior management team as well as skilled and qualified personnel, and if the company is unable to recruit and retain such personnel, its ability to operate or grow its business could be adversely affected.

The company depends on a number of key personnel, including its Promoters and senior management team as well as skilled and qualified personnel, and if the company is unable to recruit and retain such personnel, its ability to operate or grow the company business could be adversely affected.

The company derive a significant portion of its revenue from certain industries, and a loss of, or a significant decrease in business from customers in these industries could adversely affect its business, results of operations, financial condition and cash flows.

The company`s derives a significant portion of its revenue from customers engaged in certain industries, and a loss of, or a significant decrease in business from customers in these industries could adversely affect its business, results of operations, financial condition and cash flows.

Its business is dependent on its ability to utilize its logistics infrastructure in an uninterrupted manner. Any disruption or delays in this regard could have a material adverse effect on its business, results of operations, financial condition and cash flows as well as lead to a loss of reputation.

The company may not be able to pass on any increase in operating costs to its customers and inability to control such costs may adversely affect its business, financial condition, results of operations and cash flows adversely.

The company business is dependent on its ability to utilize its logistics infrastructure in an uninterrupted manner. Any disruption or delays in this regard could have a material adverse effect on its business, results of operations, financial condition and cash flows as well as lead to a loss of reputation.

The COVID-19 pandemic has had, and may in the future continue to have, and any similar pandemic situations that may arise in the future, may have a material adverse impact on its business, results of operations, financial condition and cash flows.

The company may not be able to pass on any increase in operating costs to its customers and inability to control such costs may adversely affect its business, financial condition, results of operations and cash flows adversely.

The company may face claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured and its insurance coverage could prove inadequate to satisfy potential claims or be insufficient to cover all losses associated with its business operations, which may have a material adverse effect on the company business, results of operations, financial condition and cash flows.

The company propose to utilize the Net Proceeds to undertake inorganic growth for which the target may not be identified. In the event that its Net Proceeds to be utilised towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, the company may have to seek alternative forms of funding.

The COVID-19 pandemic had, and any similar pandemic situations that may arise in the future, may have a material adverse impact on its business, results of operations, financial condition and cash flows.

The company is lease all of its warehouses as well as its Registered and Corporate Office. Failure to renew its current leases or licenses or locate desirable locations that are suitable for its expansion at commercially reasonable prices could adversely affect its business, financial condition, results of operations and cash flows.

Its results of operations, financial conditions, cash flows and prospects may be adversely affected by any delay or default in payment from its customers or reduction in the credit period provided by third party service providers its engage for its operations.

The company lease all of its warehouses as well as its Registered and Corporate Office. Failure to renew the company current leases or licenses or locate desirable locations that are suitable for its expansion at commercially reasonable prices could adversely affect its business, financial condition, results of operations and cash flows.

Failure to comply with the applicable laws and regulations by it or its third parties may materially and adversely impact its business, reputation, financial condition, results of operations and cash flows.

The company results of operations, financial conditions, cash flows and prospects may be adversely affected by any delay or default in payment from its customers or reduction in the credit period provided by third party service providers the company engage for its operations.

The company is susceptible to risks relating to compliance with labour laws and its operations could be adversely affected by labour shortages, strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.

Failure to comply with the applicable laws and regulations by it or the company third parties may materially and adversely impact its business, reputation, financial condition, results of operations and cash flows.

There are outstanding litigation proceedings against the Company, Directors, Promoters and Subsidiaries. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

The company is susceptible to risks relating to compliance with labour laws and its operations could be adversely affected by labour shortages, strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees.

There are outstanding litigation proceedings against the Company, Directors, Promoters and Subsidiaries. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

The company do not verify the contents of the freight/ packages transported by it, thereby exposing it to the risks associated with the transportation of hazardous materials, confidential consignments and goods in violation of applicable regulations.

The company do not verify the contents of the freight/ packages transported by it, thereby exposing us to the risks associated with the transportation of hazardous materials, confidential consignments and goods in violation of applicable regulations.

The trend toward outsourcing of supply chain management activities, throughout India or globally, may change, thereby reducing demand for its services.

The trend toward outsourcing of supply chain management activities, throughout India or globally, may change, thereby reducing demand for its services.

Certain of its Material Subsidiaries have incurred losses in the preceding Fiscals and may incur losses in the future.

Certain of its Material Subsidiaries have incurred losses in the preceding Fiscals and may incur losses in the future.

Improper handling of goods at its warehouses and employee misconduct or errors could damage its reputation and have an adverse effect on its business, results of operations, financial condition and cash flows.

Improper handling of goods at the company warehouses and employee misconduct or errors could damage its reputation and have an adverse effect on its business, results of operations, financial condition and cash flows.

The company experience the effects of seasonality, which may result in its operating results fluctuatng significantly.

The company experience the effects of seasonality, which may result in its operating results fluctuating significantly.

The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.

Certain sections of this Draft Red Herring Prospectus disclose information from the RedSeer Report and Armstrong Report which have been commissioned and paid for by it exclusively in connection with the Offer and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.

The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.

The company has in this Draft Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operate.

Certain sections of this Draft Red Herring Prospectus disclose information from the Redseer Report and Armstrong Report which have been prepared exclusively for the Offer and commissioned and paid for by it exclusively in connection with the Offer and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.

The company have in this Draft Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to its operations and financial performance that may vary from any standard methodology that is applicable across the industry the company operate.

The company may face claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured and its insurance coverage could prove inadequate to satisfy potential claims or be insufficient to cover all losses associated with its business operations, which may have a material adverse effect on its business, results of operations, financial condition and cash flows.

The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

The company has in the past entered into relatedparty transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

The company may not be able to manage the growth of its business effectively or continue to grow the company business at a rate similar to what its have experienced in the past.

The company may not be able to manage the growth of its business effectively or continue to grow its business at a rate similar to what the company has experienced in the past.

The company may be unable to adequately obtain, maintain, protect and enforce its intellectual property rights. The company may also be subject to intellectual property infringement claims, which may be expensive to defend and may disrupt its business and operations.

The company may be unable to adequately obtain, maintain, protect and enforce its intellectual property rights. The company may also be subject to intellectual property infringement claims, which may be expensive to defend and may disrupt its business and operations.

The company has certain contingent liabilities as per Ind AS 37 that have not been disclosed in its financial statements, which if they materialise, may adversely affect its financial condition and cash flows.

The company has certain contingent liabilities as per Ind AS 37 that have not been disclosed in its financial statements, which if they materialise, may adversely affect its financial condition and cash flows.

Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.

Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.

The company is exposed to the risk from sanctions laws or other similar regulations.

The company is exposed to the risk from sanctions laws or other similar regulations.

Its Promoters and certain of its Directors and Key Managerial Personnel have interests in the Company other than their normal remuneration or benefits and reimbursement of expenses.

The company Promoters and certain of its Directors, Key Managerial Personnel and Senior Management have interests in the Company other than their normal remuneration or benefits and reimbursement of expenses.

After the completion of the Offer, its Promoters along with the Promoter Group will continue to collectively hold substantial shareholding in the Company.

After the completion of the Offer, Its Promoters along with the Promoter Group will continue to collectively hold substantial shareholding in the Company.

Certain of its Promoters have pledged their Equity Shares with a lender. Any exercise of such pledge by the lender could dilute the shareholding of the Promoters, which may adversely affect its business and share price.

Certain of its Promoters have pledged their Equity Shares with a lender. Any exercise of such pledge by the lender could dilute the shareholding of the Promoters, which may adversely affect its business and share price.

The company funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.

Its funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.

The success of its businesses depends on the infrastructure support and facilities in the areas the company currently operate in or intend to operate in the near future.

The success of the businesses depends on the infrastructure support and facilities in the areas its currently operate in or intend to operate in the near future.

Inability to maintain adequate internal controls may affect its ability to effectively manage its operations, resulting in errors or information lapses.

Inability to maintain adequate internal controls may affect the company ability to effectively manage its operations, resulting in errors or information lapses.

The company ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements.

Its ability to pay dividends in the future will depend on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.

The company havs issued Equity Shares during the preceding twelve months at a price which may be below the Offer Price.

The company has issued Equity Shares during the preceding twelve months at a price which may be below the Offer Price.

The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the net proceeds from the Offer for Sale.

The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the net proceeds from the Offer for Sale.