• The JV is targeting cumulative revenues in excess of ₹2,000 Cr. by 2031

Bangalore, India : TVS Supply Chain Solutions (TVS SCS) (NSE: TVSSCS, BSE: 543965), a leading global supply chain solutions provider and one of India’s largest and fastest-growing integrated supply chain companies, today announced the formation of a joint venture with ALA Group, an Italy-based aerospace and defence supply-chain integrator, to address opportunities in India’s fast growing aerospace and defence sectors. TVS SCS will hold a 51% stake in the JV, while ALA will own the remaining 49%. The JV is expected to emerge as a significant growth driver for TVS SCS in India, with cumulative revenues projected to exceed ₹2,000 Cr by 2031.

Following the signing of a Memorandum of Understanding earlier this year, TVS SCS and ALA Group witnessed strong engagement and active interest from multiple industry participants across the aerospace and defence ecosystem. This momentum accelerated the decision to formalise the partnership through a dedicated joint venture platform. Aerospace and defence supply-chain solutions globally are characterised by specialised procurement, inventory management and mission-critical fulfilment capabilities, making them structurally higher-margin businesses with strong returns on capital employed (RoCE). Quality companies in this sector have consistently delivered strong profitability metrics, with PBT margins in the range of 8-9%, reflective of this high-value segment. The JV will initially focus on opportunities in India, while TVS SCS and ALA will continue to evaluate opportunities to support aerospace and defence supply-chain requirements across select international markets over time.

R. Dinesh, Executive Chairman, TVS Supply Chain Solutions, said, “This joint venture marks our entry into the high growth and globally significant aerospace and defence supply chain market. India is emerging as one of the most important growth engines for the global aerospace and defence industry, driven by localisation initiatives, strategic investments and expanding international collaborations between India and key global aerospace and defence ecosystems.

He further added, “ALA brings deep domain expertise, strong global customer relationships and proven capabilities in specialised aerospace and defence supply chain solutions, which complement TVS SCS’ extensive network, digital capabilities and execution strength. Together, we are building a scalable and future ready platform for global aerospace and defence companies to serve Indian requirements for both the aerospace and defence sectors.”

Vittorio Genna, Vice President and Co-Founder, ALA Group, added, “India is one of the world’s fastest-growing aerospace and defence markets, driven by increasing defence modernisation programmes and expanding global partnerships. We have strong customer relationships across the aerospace sector and many global companies in this sector are actively evaluating and expanding their presence in India, creating significant opportunities for specialised supply chain services.

Through this partnership with TVS SCS, we will be well positioned to support the evolving requirements of our global customers in India. In TVS SCS, we have found a partner with deep market understanding, a strong domestic network, proven execution capabilities and a trusted brand. Their strong operational and technology-led execution capabilities, combined with extensive supply chain infrastructure, make them an ideal partner to build a scalable and differentiated aerospace and defence logistics platform.”

Says Vikas Chadha, Global Chief Executive Officer, TVS Supply Chain Solutions, “The industry is characterised by stringent certification, compliance and traceability requirements, creating a need for specialised supply chain capabilities. Our strong presence in India, extensive supply chain infrastructure and experience in working with complex customer and regulatory ecosystems, together with ALA’s global aerospace and defence expertise, create a compelling platform to help customers navigate these complexities more efficiently. Given the specialised and high-value nature of this business, we expect the venture to become profitable within its first twelve months of operations and be a meaningful contributor to our growth and profitability in India.”

Mauro Romano, CEO of ALA MENA said, “Our experience across global aerospace and defence programmes has demonstrated the growing importance of integrated procurement and inventory management solutions. India represents a strategically important market for long-term growth, and this partnership provides a strong platform to support customers with localised and globally integrated supply chain solutions.”

The joint venture will specialise in end-to-end integrated supply chain solutions including sourcing and supply of aerospace and defence components, kitting and sub-assembly operations, as well as consolidation, imports, warehousing and delivery. India’s defence logistics market is expected to grow at a CAGR of around 8.6%.

Building on proven Defence and Utilities Credentials

TVS SCS brings deep supply chain experience from its long-standing Defence and Utility sector operations in the Europe, and accounts for over 30% of the company’s Europe business. The company has been supporting the UK Ministry of Defence and leading defence prime contractors for several years, managing approximately 250,000 NATO Stock Numbers (NSNs) and fulfilling around 1 million defence demands annually through a global supplier base of over 1,000 vendors. Its defence operations span land, sea, and air platforms and are governed by stringent quality, security, and compliance standards, supported by digitally enabled logistics systems that enhance visibility, resilience, and operational readiness. TVS SCS also works closely with defence prime contractors on multi-year programmes, reinforcing its credentials as a trusted global defence logistics partner.

ALA Group, on the other hand, brings more than 35 years of experience as a specialised aerospace and defence supply-chain integrator, supporting leading OEMs, MROs, and defence programmes across Europe, North America, and selected international markets. Headquartered in Italy, ALA operates a global network of commercial offices and state-of-the-art logistics and kitting facilities, supporting major global aerospace and defence platforms and programmes. The various players in this sector are, Airbus, Boeing, Dassault Aviation, Safran Group, Rolls-Royce, Collins Aerospace and Thales Group, among others. Many of these global aerospace and defence companies are also expanding their partnerships and joint ventures with Indian companies as part of their long-term localisation and manufacturing strategies in India.

The ALA Group supports a wide range of aerospace and defence platforms across air, land, and naval domains, providing certified spare-parts distribution, inventory optimisation, kitting, Direct Line Feed, consignment stock, and defence-grade logistics engineering services. ALA’s operations are governed by stringent quality, security, compliance standards, and operational readiness. This proven capability positions ALA as a trusted partner for complex, regulated aerospace and defence supply chains, enabling scalable and compliant solutions across multiple geographies. ALA is also at the forefront of technology, investing heavily in cybersecurity and maintaining exceptionally high-level security infrastructure. It is the only company in the Aerospace & Defence sector to track and certify products with legally binding value using patented IAC (Instant Automatic Certification) technology worldwide.