TVS Supply Chain Solutions Ltd (TVS SCS) announced on Tuesday that its board of directors has appointed R. Dinesh as executive chairman of the company. Dinesh, who is currently the managing director of TVS SCS, takes over from S. Mahalingam, who has stepped down as chairman after completing his tenure of two terms as independent director.
Dinesh has over 30 years of experience in the automotive industry. He joined TVS Motor Company in 1991 and has held various leadership positions in the company, including vice president of sales and marketing, vice president of operations, and chief operating officer.
In his new role, Dinesh will be responsible for leading TVS SCS’s growth and expansion plans. He will also focus on strengthening the company’s customer relationships and improving its operational efficiency.
Dinesh said that he is excited to take on the new role and is committed to taking TVS SCS to the next level. He said that the company has a strong foundation and a bright future.
“I am grateful to the board of directors for entrusting me with this responsibility. I look forward to working with the team to build on the company’s success and create even greater value for our stakeholders,” Dinesh said.
TVS SCS is a leading provider of supply chain solutions to the automotive industry. The company has a global footprint with operations in over 25 countries. It provides a wide range of services, including transportation, warehousing, and logistics.
The company’s IPO was subscribed 2.78 times last week. The ₹880-crore IPO had a price range of ₹187-197 per share. Shares of TVS Supply Chain Solutions Ltd on Tuesday closed at ₹200, up 1.32%.
The appointment of Dinesh as executive chairman is a positive development for TVS SCS. He is a seasoned industry veteran with a proven track record of success. He is well-positioned to lead the company’s growth and expansion plans.
