TSX Group
TSX Group is a Belo Horizonte-based industrial project advisory firm serving large mining, cement, steel, automotive, and infrastructure clients across Brazil through five integrated business units, applying proprietary cost and risk methodologies to complex capital projects.
- Company typePrivate
- Founded1994
- HeadquartersBelo Horizonte, Brazil
- Headcount101–250
- GTM typeB2B
- OfferingServices
What TSX Group does
TSX Group (legal entity TSX Assessoria Ltda) is a privately-held Brazilian project advisory firm founded in 1994 and headquartered in Belo Horizonte, Minas Gerais. The company serves large industrial enterprises and government entities across mining, cement, steel, automotive, oil & gas, energy, and infrastructure, providing fiscal structuring, risk management, due diligence, international logistics, feasibility studies, CAPEX planning, implementation management, business diplomacy, and investment promotion services. Named clients include Vale, Atlantic Nickel, Viridis, and Maccaferri, with cumulative engagement across 100+ major capital projects that have generated more than R$3 billion in client CAPEX savings and over R$1 billion in cost avoidance.
The firm operates through five integrated business units—TSX Advisors (fiscal, risk, diligence, logistics), TSX Engineering (feasibility, CAPEX, implementation), TSX International (business diplomacy, project management maturity), TSX Invest (investment promotion, territorial development), and TSX Technology (innovation ecosystem interfacing)—each contributing specialist expertise at defined project phases. Service delivery is anchored by a proprietary, registered methodology called Total Savings X-cellence® applied across all units, and the firm holds LGPD data-protection compliance. Technology architecture is service-led rather than product-led; no public API, SDK, or software product exists, and core differentiation rests on human expertise and methodology rather than a scalable software platform.
TSX makes money through project-based professional services engagements with enterprise and government clients. Distribution is direct enterprise sales with deep institutional relationships (CDL/BH via InvestBH, ApexBrasil, Invest Minas, BDMG, ProChile) supporting both commercial and public-sector mandates. Pricing is not publicly disclosed and is structured around the scale and complexity of each engagement, with international logistics and customs advisory tied to multi-million-dollar industrial import projects. The company has 101–250 employees, is wholly owned by founding partners and the executive team (no disclosed institutional or PE/VC ownership), and has been actively expanding into new municipalities, adding leadership capacity, and developing TSX Technology as a new service line through 2024-2026.
TSX Group firmographics
Firmographics- Name
- TSX Group
- Legal name
- TSX ASSESSORIA LTDA
- Website
- https://tsx.com.br
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TSX Group is a Belo Horizonte-based industrial project advisory firm serving large mining, cement, steel, automotive, and infrastructure clients across Brazil through five integrated business units, applying proprietary cost and risk methodologies to complex capital projects.
- Ownership category
- akta.pro rank
TSX Group industry classification
Industry- Product category
- Project Advisory Services
- NAICS
- Engineering Services (541330)
- SIC
- Services-Engineering Services (8711), Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Testing, Inspection, Certification & Commissioning (TICx) Technical Services (BPAHAIAL)
- akta.pro secondary industry
- Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF)
Keywords
Where TSX Group is headquartered
LocationHeadquarters
- HQ city
- Belo Horizonte
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
TSX Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Professional Advisory Services: TSX Group provides specialized advisory services through five business units: TSX Advisors (fiscal structuring, risk management, due diligence, logistics), TSX Engineering (feasibility studies, CAPEX, planning, implementation management), TSX International (business diplomacy, project management maturity), TSX Invest (investment promotion, economic diversification, territorial diagnostics), and TSX Technology (innovation ecosystem integration).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
TSX Group product offering
Product offeringCore offering
TSX Group is an integrated multi-business-unit professional services firm that provides project advisory for complex industrial capital projects through five units: TSX Advisors (fiscal structuring, risk management, due diligence, logistics), TSX Engineering (feasibility studies, CAPEX planning, implementation management), TSX International (business diplomacy, project management maturity), TSX Invest (investment promotion, economic diversification, territorial diagnostics), and TSX Technology (innovation ecosystem integration). All units apply the proprietary Total Savings X-cellence methodology to deliver cost reductions, risk mitigation, and tax/customs benefits to enterprise clients across mining, cement, automotive, steel, civil construction, oil & gas, energy, and infrastructure sectors.
Product overview
TSX Group is a professional services firm composed of five integrated business units: TSX Advisors (fiscal structuring, risk management, due diligence, logistics), TSX Engineering (feasibility studies, CAPEX planning, implementation management), TSX Invest (investment promotion, territorial development), TSX International (business diplomacy, project management maturity), and TSX Technology (innovation ecosystem interface). The firm applies its proprietary Total Savings X-cellence methodology across all units to deliver cost reductions exceeding R$3 billion for clients in mining, cement, automotive, and infrastructure sectors. The business units operate in an integrated manner, each contributing expertise at specific project phases.
Differentiator
Problem solved
Functional benefit
Brands
- TSX ASSESSORIA LTDA: Legal entity name under which the company operates
- TSX Advisors
- TSX Engineering
- TSX International
- TSX Invest
- TSX Technology
- Total Savings X-cellence®
Products and services
- TSX Advisors Business unit specializing in fiscal structuring, risk management, due diligence, and logistics services for strategic industrial projects. Operates with the proprietary Total Savings X-cellence methodology for cost reduction and risk mitigation, serving enterprise clients across mining, cement, steel, and infrastructure sectors.
- TSX Engineering Business unit focused on feasibility studies, CAPEX planning, engineering cost estimation, and implementation management for industrial and infrastructure projects. Provides project management services including Primavera P6 training for enterprise clients such as Vale.
- TSX Invest Business unit specializing in investment promotion, economic diversification, and territorial development. Conducts investment attraction campaigns, territorial diagnostics, and structures investment promotion agencies (e.g., InvestBH, Invest Sete Lagoas, Invest Pará de Minas) for Brazilian municipalities and state governments.
- TSX International Business unit focused on business diplomacy and project management maturity assessment for international projects, supporting clients with cross-border engagements and global supplier network coordination.
- TSX Technology Business unit that interfaces between the innovation ecosystem and productive environments, identifying opportunities for process gains, cost reduction, and risk mitigation for industrial and business activities.
- Total Savings X-cellence Methodology Proprietary methodology developed by TSX Group for cost reduction, risk mitigation, and tax/tariff benefit optimization across all project stages, applied by all business units to deliver measurable savings (over R$ 3 billion in CAPEX reductions and over R$ 1 billion in cost avoidance to date).
Quantifiable outcome
- Over R$ 3 billion in CAPEX cost reductions
- +3 more outcomes
Companies that use TSX Group
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
TSX Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
TSX Group partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, important and minor.
- CDL/BH (Câmara de Dirigentes Lojistas de Belo Horizonte)corePartnership in creation and structuring of InvestBH, the private investment promotion agency for Belo Horizonte. CDL/BH is the leading entity with TSX Invest providing methodology and implementation expertise.
- Invest MinascoreState-level investment promotion agency partnership for investment attraction activities in Minas Gerais. Collaborates on events and agency structuring.
- ApexBrasilcoreBrazilian trade and investment promotion agency partnership. TSX Invest participated in Brasil Investment Forum 2024 and Corporate Venture in Brasil events organized by ApexBrasil.
- BDMG (Banco de Desenvolvimento de Minas Gerais)importantDevelopment bank partnership for investment promotion initiatives in Minas Gerais municipalities. Participated in SYNAPTIC events and agency structuring projects.
- ProChileimportantChile's trade and investment promotion agency. TSX Advisors supported Chile Week Brasil 2024 and maintains alliance for bilateral business facilitation.
- Instituto Casa do CaminhominorSocial institution providing support to cancer patients. TSX Engineering supported events including June festivities, demonstrating corporate social responsibility engagement.
- Inatel (Instituto Nacional de Telecomunicações)importantTechnical institution partnership for SYNAPTIC symposium in Santa Rita do Sapucaí, contributing to innovation and regional development discussions.
- Interweg Seguros e BenefíciosminorInsurance and benefits partner providing health insurance and corporate wellness services including Quick Massage sessions and health awareness campaigns.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
TSX Group competitors and assessment
Company assessmentDirect peers
- Hatch: Engineering and project management consultancy specialized in mining, metals, and energy — directly comparable to TSX Engineering in scope and customer base (Vale-class mining clients), with proprietary methodologies for capex optimization similar to Total Savings X-cellence®.
- Promon Engenharia: Brazilian engineering consultancy with deep industrial project heritage, providing feasibility, CAPEX, and project management services to mining, energy, and infrastructure clients — directly comparable to TSX Engineering within Brazil.
- Intertechne: Brazilian engineering consulting firm focused on power, infrastructure, and industrial projects. Provides feasibility, basic/design engineering, and project management — directly comparable to TSX Engineering's industrial mandate.
- Concremat Engenharia: Brazilian engineering consultancy serving mining, energy, oil & gas, and infrastructure clients with feasibility, project management, and owner's engineering services — comparable business model and Brazilian industrial client base.
Others
- BDMG (Banco de Desenvolvimento de Minas Gerais): State development bank and existing TSX partner; relevant as an adjacent ecosystem participant for investment promotion and municipal financing — comparable not as a competitor but as a partner/channel for TSX Invest's municipal mandates.
Broad incumbents
- KPMG Brazil: Big Four advisory firm providing tax structuring, risk management, and deal advisory in Brazil — directly comparable to TSX Advisors in fiscal structuring and due diligence, though serving a broader client base.
- Worley: Global engineering and project advisory firm with strong mining, metals, and energy practices across Latin America. Competes for the same Brazilian industrial CAPEX mandates TSX serves, but at materially larger scale and global procurement reach.
- Arcadis: Global design, engineering, and management consultancy with significant Latin American presence in mining, industrial, and infrastructure. Comparable to TSX at the project advisory layer but broader portfolio.
- EY-Parthenon: Strategy and transaction advisory arm of EY serving Brazilian industrial and infrastructure clients — comparable to TSX Advisors and TSX Invest in diligence and investment promotion mandate types.
- Jacobs Solutions: Global engineering, technical, scientific, and consulting leader with critical infrastructure, mining, and energy practices. Competes for the same large Brazilian industrial mandates but with materially larger bench and balance sheet.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Customer concentration
TSX Group social profiles
Digital presenceTSX Group compliance and trust
Trust signalCompliance1 record
TSX Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
TSX Group leadership team
Management profileNumber of profiles
Profiles7 records
TSX Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
TSX Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TSX Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TSX Group
What does TSX Group do?
TSX Group is an integrated multi-business-unit professional services firm that provides project advisory for complex industrial capital projects through five units: TSX Advisors (fiscal structuring, risk management, due diligence, logistics), TSX Engineering (feasibility studies, CAPEX planning, implementation management), TSX International (business diplomacy, project management maturity), TSX Invest (investment promotion, economic diversification, territorial diagnostics), and TSX Technology (innovation ecosystem integration). All units apply the proprietary Total Savings X-cellence methodology to deliver cost reductions, risk mitigation, and tax/customs benefits to enterprise clients across mining, cement, automotive, steel, civil construction, oil & gas, energy, and infrastructure sectors.
Is TSX Group a public or private company?
TSX Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TSX Group founded?
TSX Group was founded in 1994. It employs 101 to 250 people.
Where is TSX Group based?
TSX Group is headquartered in Belo Horizonte, Brazil, in the Latin America region.
How does TSX Group make money?
One revenue line is on record: professional Advisory Services.
Who are TSX Group's main competitors?
Direct peers on record are Hatch, Promon Engenharia, Intertechne and Concremat Engenharia. BDMG (Banco de Desenvolvimento de Minas Gerais) is listed as an others. Broad incumbents are KPMG Brazil, Worley, Arcadis, EY-Parthenon and Jacobs Solutions.
Does TSX Group have an API?
No public API is recorded for TSX Group.
What industry is TSX Group in?
TSX Group's product category is Project Advisory Services. Its primary akta.pro industry code is BPAHAIAL, Testing, Inspection, Certification & Commissioning (TICx) Technical Services, with a secondary code of IMAKAOAF, Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment). Its NAICS code is 541330 and its SIC code is 8711.