- Companies
- TVS Industrial & Logistics Parks
TVS Industrial & Logistics Parks Revenue, Valuation, Funding & Investors
TVS Industrial & Logistics Parks is valued at $321M as of July 2025.
Last TVS Industrial & Logistics Parks valuation
$321M
Undisclosed stage · Jul 2025
Last TVS Industrial & Logistics Parks funding round
$151M
Undisclosed stage · Jul 2025
TVS Industrial & Logistics Parks revenue
$20M
Secondary · Sep 2023
Key investors in TVS Industrial & Logistics Parks
British International Investment
Lingotto
About TVS Industrial & Logistics Parks
TVS Industrial & Logistics Parks is a developer of logistics parks, industrial sheds, and engineering procurement construction projects in India's key corridors. Chennai-based, it manages 20 million square feet of facilities near Chennai, Coimbatore, Nagpur, and Sriperumbudur. The portfolio serves automotive, electronics, and consumer goods tenants with ready-built warehouses and multi-modal connectivity.
Founded
2005
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Revenue
$20M (Sep 2023)
Valuation
$321M (Jul 2025)
TVS Industrial & Logistics Parks Valuation
TVS Industrial & Logistics Parks is currently valued at $321M, based on its undisclosed-stage round in July 2025.
TVS Industrial & Logistics Parks' valuation has grown 2.4x from $136M at its undisclosed-stage round in December 2020 to $321M in July 2025, across 3 priced rounds.
TVS Industrial & Logistics Parks valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Undisclosed stage | $321M | - |
| Sep 2023 | Secondary | $300M | 15.0x |
| Dec 2020 | Undisclosed stage | $136M | - |
TVS Industrial & Logistics Parks Revenue
TVS Industrial & Logistics Parks' latest recorded revenue is $20M, as of its secondary sale in September 2023. At a $300M valuation, that implies a 15.0x revenue multiple.
TVS Industrial & Logistics Parks revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2023 | $20M | $300M | 15.0x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
TVS Industrial & Logistics Parks Funding History
TVS Industrial & Logistics Parks has raised a total of $205M across 2 funding rounds, plus 1 secondary share sale.
TVS Industrial & Logistics Parks' first fundraising round was a $54M undisclosed-stage round in December 2020. The most recent completed round was a $151M undisclosed-stage round in July 2025.
TVS Industrial & Logistics Parks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | - | $151M | $321M | TVS Industrial & Logistics Parks (TVS ILP), a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan & Family under TVS Mobility Group, develops Grade-A industrial and logistics parks in India. It has built a platform of 20 million sq ft, transferring 11 million sq ft valued at Rs 3,000 crore into the TVS Infrastructure Trust (InvIT), spanning Chennai, Pune, Kolkata, Hosur, Kochi, and northeastern states. As of December 31, 2024, it had ~9.35 msf operational and ~2 msf under development, with ~10.7 msf proposed for InvIT transfer; TVS ILP expected to hold 35-45% units and earn project management and distribution income. On July 8, 2025, TVS ILP listed India's largest warehousing InvIT, TVS Infrastructure Trust, on the NSE after a private placement raising over Rs 1,300 crore (including fresh issue of Rs 1,050 crore and offer for sale of Rs 250 crore), with total units issued worth Rs 2,000 crore. Investors included IFC (Rs 348 crore), L&T, and other global/domestic institutions. This aligns with the approximate date of March 7, 2025 (pre-listing activities), though no traditional VC funding round or post-money valuation for the company itself was identified; Rs 3,000 crore denotes the InvIT's asset base value. Financials from CARE Ratings as of H1FY25 showed total operating income of Rs 143.94 crore (unaudited), PBILDT (proxy for EBITDA-like) Rs 106.79 crore, PAT Rs 15.37 crore, and gearing of 2.33 times, but no explicit revenue or EBITDA terms matched criteria. TVS ILP invested Rs 250 crore in a 17-acre park in Visakhapatnam (Oct 2025), with 0.4 msf ready, targeting sectors like pharma, manufacturing, 3PL; development costs for projects ~Rs 440 crore. Sector saw record Q3 2025 absorption of 21.3 msf. |
| Sep 2023 | Secondary | Lingotto (lead) | $6M | $300M | TVS Industrial and Logistics Parks (TVS ILP), part of the TVS Mobility Group, is a warehouse and distribution network provider serving e-commerce, FMCG, and consumer durables companies. The company operates an integrated logistics platform with a presence in 19 countries and is one of India's largest warehouse operators, holding 20 million square feet of capacity with 100% utilisation maintained for the past six years. In November 2023, Lingotto, an investment management company wholly owned by Exor NV, acquired a 16.5% stake in TVS ILP from British International Investor (BII), the UK's Development Finance Institution. This secondary stake sale valued the company at an enterprise value of Rs 2,800 crore. Lingotto had previously acquired a 4.5% stake from TVS Supply Chain Solutions in September 2023 for Rs 51.3 crore, bringing its total ownership to 21%. As of the 2021-22 financial year, TVS ILP reported annual turnover of Rs 187 crore and net worth of Rs 569.3 crore. The company was founded in 2005 and operates primarily in the southern region with expanding presence in major hubs across the northern and western regions. The transaction underscores investor confidence in TVS ILP's position in India's rapidly growing warehousing and logistics sector. |
| Dec 2020 | Undisclosed stage | British International Investment (lead) | $54M | $136M | TVS Industrial & Logistics Parks Pvt Ltd (TVS ILP) is an industrial real estate developer in India, specializing in Grade A warehousing and logistics parks with a focus on green building standards. In December 2020, British International Investment (then CDC Group) made an equity investment of $37 million (noted in INR terms) to support the construction of 4.2 million square feet of resource-efficient warehousing across India, expected to create 3,000 construction jobs and up to 500 operational jobs for tenants. The investment aligned with BII's impact goals in construction and real estate, particularly mitigation of climate impacts through energy and water savings. TVS ILP, part of the TVS Mobility Group via TVS Supply Chain Solutions, has grown its portfolio significantly since, reaching 7.5 million square feet leasable area by FY23-24 plans and 8.9 million square feet operational by September 2024, with high occupancy of 100% from reputed tenants in strategic locations like Chennai, Pune, and Kolkata. BII partially exited by selling part of its stake to Lingotto Opportunity Fund, retaining a significant minority position (~21% as of late 2023-2024), alongside TVS Mobility Group (25.2%), Ravi Swaminathan & Associates (29.6%), and Lingotto (21%). In FY23, the company reported total operating income of ₹144 crore with net debt of ₹802 crore (gearing 2.33x), planning expansion to 9.5 million square feet by FY25 funded by internal accruals and debt. Later developments include the July 2025 listing of TVS Infrastructure Trust InvIT, seeded with 11 million sq. ft. assets valued at ₹3,000 crore, raising over ₹1,300 crore. |
Who has invested in TVS Industrial & Logistics Parks?
2 investors have backed TVS Industrial & Logistics Parks across its funding rounds, including British International Investment and Lingotto.
Lead investors include Lingotto and British International Investment.
TVS Industrial & Logistics Parks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialTVS Industrial & Logistics Parks Competitors
TVS Industrial & Logistics Parks competitors include listed companies like Besqab, Selvaag Bolig, Trianon and Peach Property Group, and private ones like Zypp Electric and Aeros Corp..
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $85M | ($9M) | $323M | 1.6x | ||
| Publicly listed | $222M | $14M | $325M | 2.1x | ||
| Publicly listed | $80M | $65M | $327M | 12.6x | ||
| Publicly listed | $168M | ($14M) | $314M | 11.7x | ||
| Private | $31M | - | $343M | 11.1x | ||
| Private | - | - | $300M | - |
TVS Industrial & Logistics Parks Public Comps
TVS Industrial & Logistics Parks is still privately-owned, but its public comps include Besqab, Selvaag Bolig, Trianon, Peach Property Group, Maui Land & Pineapple, Instone Real Estate Group, DAP GYO, ARA, ITC Properties and Sumou Real Estate.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $85M | ($9M) | 6.4x | 1.6x | (63.6x) | 12.6x | |||
| $222M | $14M | 3.3x | 2.1x | 54.5x | 26.8x | |||
| $80M | $65M | 13.5x | 12.6x | 16.8x | 21.4x | |||
| $168M | ($14M) | 9.1x | 11.7x | (106.4x) | 34.5x | |||
| $19M | ($9M) | 16.5x | - | (36.0x) | - | |||
| $467M | $89M | - | - | - | - | |||
| $165M | $52M | 2.2x | - | 7.0x | - | |||
| $480M | $63M | 0.7x | 0.7x | 5.7x | 5.2x | |||
This data is available for Pro users. Sign up to see all TVS Industrial & Logistics Parks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TVS Industrial & Logistics Parks
| When was TVS Industrial & Logistics Parks founded? | TVS Industrial & Logistics Parks was founded in 2005. |
| Where is TVS Industrial & Logistics Parks headquartered? | TVS Industrial & Logistics Parks is headquartered in Mumbai, India. |
| Is TVS Industrial & Logistics Parks publicly listed? | No, TVS Industrial & Logistics Parks is a private, VC-backed company. |
| What is TVS Industrial & Logistics Parks' valuation? | TVS Industrial & Logistics Parks was last valued at $321M in its undisclosed-stage round in July 2025. |
| How much funding has TVS Industrial & Logistics Parks raised? | TVS Industrial & Logistics Parks has raised $205M across 2 funding rounds. |
| What was TVS Industrial & Logistics Parks' last funding round? | TVS Industrial & Logistics Parks' last funding round was a $151M undisclosed-stage round in July 2025. |
| Who are TVS Industrial & Logistics Parks' investors? | TVS Industrial & Logistics Parks' investors include Lingotto and British International Investment. |
| What is TVS Industrial & Logistics Parks' revenue? | TVS Industrial & Logistics Parks' latest recorded revenue is $20M (September 2023). |
| What is TVS Industrial & Logistics Parks' revenue multiple? | TVS Industrial & Logistics Parks' latest valuation implies a 15.0x revenue multiple ($300M valuation on $20M of revenue). |
| Which companies are comparable to TVS Industrial & Logistics Parks? | Companies comparable to TVS Industrial & Logistics Parks include Besqab, Selvaag Bolig, Trianon, Peach Property Group, Zypp Electric and Aeros Corp.. |
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