TVS Industrial & Logistics Parks

What TVS Industrial & Logistics Parks does

TVS Industrial & Logistics Parks (TVS ILP) is India's first institutional corporate developer of Grade A warehousing, founded in 2005 as a joint venture between TVS Supply Chain Solutions and the Ravi Swaminathan Family. The company operates within the TVS Mobility Group ecosystem and develops, owns, and operates integrated logistics parks, built-to-suit (BTS) industrial facilities, and engineering-procurement-construction (EPC) projects across 14+ Indian cities, targeting expansion to 30 cities and a 20+ million sq ft platform. Facilities feature standardized Grade A specifications including FM2 flooring (5 tons/sq.m load capacity), 12m clear heights, 24/7 security with CCTV, fire safety systems, rooftop solar, rainwater harvesting, and EDGE Champion/Advanced green building certification from IFC (World Bank Group). Revenue is generated primarily through long-term multi-year lease agreements with enterprise clients, supplemented by facility management services, BTS development fees, and EPC project revenue.

TVS ILP serves a diversified enterprise customer base across five primary verticals: E-Commerce (Flipkart, TCI-Zepto), Automotive & Ancillary (TVS Motor, Toyota, Isuzu, VE Commercial Vehicles, Bridgestone, Ather), Consumer Goods (Nestle, Godrej, Croma, Haier, Crompton, Voltas), Logistics & 3PL (Rhenus, Nippon Express, Kiran, CFL Logistics), and Manufacturing (First Solar, Kubota, Alstom, Agnikul). The company distributes exclusively through direct enterprise field sales with no intermediary broker channel, leveraging government MoUs across 8+ Indian states to secure land access and regulatory goodwill. In July 2025, TVS ILP listed its warehousing Infrastructure Investment Trust (TVS Infrastructure Trust) on the NSE, raising over ₹1,300 crore and creating India's largest warehousing InvIT platform, while the operating company remains privately held with institutional shareholders including Lingotto (Exor N.V., 21% combined stake) and British International Investment.

Name

TVS Industrial & Logistics Parks

Legal name

TVS Industrial & Logistics Parks Private Limited

Website

https://tvsilp.in

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

TVS Industrial & Logistics Parks is India's first institutional developer of Grade A warehousing, operating integrated logistics parks and built-to-suit industrial facilities across 14+ cities. It serves enterprise clients in e-commerce, automotive, FMCG, 3PL, and manufacturing through long-term leases and listed an InvIT on NSE in July 2025.

Ownership category

akta.pro rank

Product category

Industrial & Logistics Real Estate

NAICS

General Warehousing and Storage (493110)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Regional Hub / National Hub Distribution Centers (Multi-node Network Hubs) (TLALAEAN)

Keywords

• Grade A warehousing
• Logistics parks development
• Industrial facility leasing
• Built-to-suit facilities
• Warehousing infrastructure

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Warehouse & Industrial Park Leasing: TVS ILP generates revenue primarily through long-term lease agreements for Grade A warehouses, built-to-suit (BTS) industrial facilities, and multi-client logistics parks across India. Revenue is recurring in nature, derived from rental income across operational and upcoming parks in 14+ cities. The company also earns from value-added services including facility management and EPC (Engineering, Procurement & Construction) contracts.
2. TVS Infrastructure Trust (InvIT): TVS ILP listed its warehousing InvIT (TVS Infrastructure Trust) on the NSE in July 2025, raising over ₹1,300 crore. The InvIT holds the company's income-generating warehouse assets and distributes returns to unitholders, providing an additional capital-recycling mechanism.
3. Engineering, Procurement & Construction (EPC): TVS ILP offers EPC services for designing, bidding, and delivering custom/BTS construction projects including warehouses, showrooms, and internal structural works, generating one-time project revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

TVS Industrial & Logistics Parks develops, owns, and leases Grade A warehousing and built-to-suit industrial facilities across India. The company offers an integrated platform covering logistics parks, custom industrial facilities, EPC construction services, and facility management. Revenue is generated primarily through long-term lease agreements and BTS contracts with enterprise manufacturers, e-commerce firms, 3PL operators, and consumer goods companies across 14+ Indian cities.

Product overview

TVS Industrial & Logistics Parks (TVS ILP) is a pioneering entity and India's first institutional corporate developer of Grade A warehousing since 2005. The company operates as part of the TVS Mobility group, offering an integrated platform of four core product lines: Logistics Parks (Grade A warehouse facilities with standard amenities and EDGE certification), Industrial Facilities (customized built-to-suit BTS industrial buildings with full regulatory compliance), Engineering, Procurement & Construction (EPC) services for custom construction projects, and Value Added Services (integrated facilities management and 24/7 security). Additionally, TVS Infrastructure Trust provides an InvIT investment vehicle for their warehouse assets. The company has expanded to 14+ cities with parks across 7 Indian states, targeting 20 million square feet across 30 cities.

Differentiator

Problem solved

Functional benefit

Brands

• TVS Infrastructure Trust: Infrastructure Investment Trust (InvIT) listed on NSE, raised over ₹1,300 crore in July 2025.

Products and services

• Logistics Parks Grade A, EDGE Champion Certified logistics park facilities with central security, wide accessible roads, fire safety systems, truck and vehicle parking, and common amenities including canteen and drivers' restroom. Designed for enterprise clients including e-commerce, 3PL, FMCG, and manufacturing companies across 14+ Indian cities.
• Industrial Facilities Built-to-suit (BTS) industrial facilities with customized design and specific fit-outs for industrial buildings, including acquisition of all building permissions and construction approvals. All facilities pursue EDGE Advanced certification. Includes amenities such as canteen and service areas for manufacturing clients.
• Engineering, Procurement & Construction (EPC) Design, bidding, and delivery of custom construction projects and structures, including warehouse facilities built to Bureau of Safety Standards norms with full safety compliance. Offered to enterprise clients requiring custom-built industrial and logistics infrastructure.
• Value Added Services Integrated facilities management services covering property management, common area and road maintenance, and 24-hour security and surveillance systems for TVS ILP's logistics and industrial park tenants.
• TVS Infrastructure Trust (InvIT) Infrastructure Investment Trust (InvIT) holding TVS ILP's income-generating Grade A warehousing assets, listed on NSE. Provides institutional investors an investment vehicle for exposure to India's Grade A warehousing sector, with returns distributed to unitholders from rental income of underlying assets.

Quantifiable outcome

• 10,000+ tonnes of carbon saving annually across the portfolio
• +6 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered key and supporting.

• Government of KarnatakakeyStrategic or Co-development Partner · 1 April 2026TVS ILP signed a Rs 200 crore MoU with the Government of Karnataka at Invest Karnataka Conclave 2026 to develop tech-enabled industrial and logistics parks across the state. The agreement was signed by Dr. Ramnath Subramaniam, Joint Managing Director, and M. B. Patil, Hon'ble Minister for Large & Medium Industries and Infrastructure. The investment will support manufacturing growth, generate employment, and expand TVS ILP's footprint in southern India.
• Madhya Pradesh Industrial Development Corporation (MPIDC)keyStrategic or Co-development Partner · 22 January 2026TVS ILP's Indore logistics park is developed in partnership with MPIDC (Madhya Pradesh Industrial Development Corporation). The Rs 250 crore, 20-acre Grade A logistics park in Pithampur, Indore is being developed with MPIDC support, expected to generate over 1,000 jobs and commence operations by August 2026.
• Government of TelanganakeyStrategic or Co-development Partner · 11 December 2025TVS ILP signed an MoU with the Government of Telangana at the Telangana Rising Global Summit 2025 to acquire 20 acres of land to develop a tech-enabled logistics and industrial park. The signing took place in the presence of Chief Minister Revanth Reddy Anumula. The investment aligns with Telangana's vision of emerging as a leading manufacturing and logistics hub, expected to generate significant employment.
• Toyota Bharat Integrated Services (Toyotsu)keyChannel Partner/ Reseller/ Distributor · 26 November 2025Toyota Bharat Integrated Services (a Toyota group company) opened a regional parts centre at TVS ILP's Visakhapatnam industrial park, leasing over 33,000 sq ft. This is Toyota's maiden global parts distribution centre in Visakhapatnam. The facility enhances parts availability and aims to improve service timelines in Andhra Pradesh and West Bengal, leveraging Vizag's port connectivity.
• Government of West BengalkeyStrategic or Co-development Partner · 16 May 2025TVS ILP announced the launch of its upcoming industrial and logistics park in Siliguri at the 8th Bengal Global Business Summit 2025. The company was the only logistics and industrial company to receive recognition and endorsement from the Government of West Bengal at the summit. TVS ILP had earlier signed an MoU for 10 acres of land in Siliguri to develop a logistics park serving as a gateway to Northeast India.
• Government of Andhra PradeshkeyStrategic or Co-development Partner · 24 August 2023TVS ILP signed an MoU with the Government of Andhra Pradesh at the Global Investors Summit 2023 to set up logistics parks in multiple cities including Vijayawada and Visakhapatnam, for an investment of over Rs 1,500 crore. The projects are expected to generate direct employment for over 500 people. The Vizag park was inaugurated in November 2025 by Chief Minister Nara Chandrababu Naidu.
• ICRA (Rating Agency)supportingOthersICRA rated the TVS Infrastructure Trust NCD programme AAA, reflecting strong asset-backed cash flows and high credit quality, which was critical for investor confidence in the bond issuance.

Scale indicators20 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• IndoSpace: IndoSpace is India's largest developer of Grade A industrial and logistics parks, operating across multiple states with a similar BTS and multi-client park model. Directly comparable to TVS ILP on product offering, customer segments (auto, e-commerce, 3PL), and institutional investor base (CPP Investments, GLP).
• ESR India: ESR India operates as a major institutional developer of Grade A warehousing and industrial parks, with significant pan-India footprint and similar BTS/built-to-suit capabilities. Competes head-to-head with TVS ILP for enterprise tenants and state-level land parcels.
• Welspun One Logistics Parks: Welspun One is an institutional Grade A warehousing platform backed by Welspun Group, targeting a 15-20 million sq ft portfolio across India. Closely comparable to TVS ILP on platform scale, institutional capital structure, and focus on Tier 1/2 corridors.
• Horizon Industrial Parks: Horizon Industrial Parks is a Blackstone-anchored developer of Grade A industrial and logistics real estate in India with similar BTS offerings and institutional investor backing. Competes directly with TVS ILP for anchor tenants and large-scale BTS mandates.
• Embassy Industrial Parks: Embassy Industrial Parks develops industrial and warehousing parks in India backed by Embassy Group and Blackstone, with comparable focus on Grade A standards and BTS facilities. Directly competes with TVS ILP in key manufacturing corridors and on institutional capital sourcing.

Emerging players

• Allcargo Terminals and Logistics Infrastructure: Allcargo has expanded from container freight stations into Grade A warehousing and CFS/ICD infrastructure, with partial overlap in industrial real estate and 3PL customer base. Comparable on multimodal logistics infrastructure and enterprise customer segments.
• Mahindra Logistics: Mahindra Logistics operates warehousing and supply chain solutions for enterprise clients, with overlap on Grade A warehousing delivery and large-customer logistics (auto, e-commerce). Differs in being more 3PL-led than real estate-developer-led.

Broad incumbents

• National Infrastructure Trust (NIT InvIT): NIT InvIT is a listed infrastructure investment trust holding operating road and other infrastructure assets with an asset-recycling model analogous to TVS ILP's InvIT. Comparable on the listed-vehicle/capital-recycling mechanism though operating in transport rather than warehousing.
• IndiGrid Infrastructure Investment Trust: IndiGrid is India's first listed InvIT focused on power transmission assets, providing a benchmark for how TVS ILP's InvIT structure could mature. Comparable on listed infrastructure investment vehicle mechanics and institutional investor access.

Others

• TVS Supply Chain Solutions: TVS SCS is the parent JV partner of TVS ILP and a major Indian 3PL provider, sharing the TVS Mobility Group ecosystem. Comparable on customer overlap and supply-chain operating expertise, though TVS SCS is 3PL-focused rather than real estate-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tvs-ilp-pvt-limited-india

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TVS Industrial & Logistics Parks