R. Dinesh has been named executive chairman of TVS Supply Chain Solutions Ltd (TVS SCS), the firm said. Having served his two terms as an independent director, S. Mahalingam has resigned as chairman.
“I thank our Chairman, Mr. S. Mahalingam, for his mentorship and guidance through his tenure at TVS SCS. TVS SCS is now at an inflection point and poised to open yet another new chapter of exponential growth in its illustrious history. We always believed in the Growth Framework – Customer, Capability, Country – as we built on the company's resilient business model with multiple drivers for profitable growth," said R. Dinesh.
Additionally, K. Ananth Krishnan and Narayan K. Seshadri have been added to the board of directors of TVS SCS as additional independent directors. Following the most recent selections, the new company board will consist of 5 independent directors. Tarun Khanna, B. Sriram, and Gauri Kumar make up the other three.
“From its early years, TVS SCS perceived itself as a global multinational company. It continuously expanded its global footprint while simultaneously creating local organizations with a single name and purpose. I am happy that Mr. R. Dinesh, who has shown great entrepreneurship in building this organization, will take over as the Chairman as TVS SCS begins its journey as a listed company. I wish Mr. Dinesh and the team all the best as he takes TVS SCS to greater heights," S. Mahalingam, the outgoing chairman, said in the statement.
On August 23, TVS SCS, a division of TVS Mobility Private Ltd, underwent a successful initial public offering (IPO) and became publicly traded.