The InvIT’s Sponsor, TVS ILP is one of the largest warehousing platforms in India with strong brand value and reputation and around 19 years of track record in the infrastructure sector. The Sponsor is part of the TVS group, a large Indian conglomerate with diversified business interests. TVS ILP’s two largest shareholders are TVS Supply Chain Solutions (TVS SCS), and Mr. Ravikumar Swaminathan and associates. Additionally, it has investments and board directorship from British International Investment (BII) and Lingotto Opportunity Fund ILP, an Ireland-based investment management company.

TVS InvIT has been privately listed on the National Stock Exchange (NSE) in July 2025. Other than the Sponsor and IFC, different institutional investors have invested in the InvIT.

TVS InvIT is governed by the regulations of SEBI with TVS ILP as the Sponsor. Its operations will be managed by the Sponsor as the Project Manager (PM). TVS Infrastructure Investment Manager Private Limited which is a 100 percent owned subsidiary of TVS ILP will be the Investment Manager (IM) for the InvIT and will be responsible for the management and administration of the InvIT’s assets. Axis Trustee Services Limited, a third-party service provider, is the Trustee for the InvIT.                                                   

The private placement to IFC and other investors is a SEBI-regulated process and has been closed in July 2025. IFC has invested INR 3,480 million (equivalent to ~US$40.7 million) through subscription to units issued by TVS InvIT representing a stake of 17.65 percent in the InvIT.                                                   

The current TVS portfolio consists of 10.6 million sq.ft. of 18 Grade A warehouses, spread across 14 locations in India. Around 80% of the platform’s assets are located in Tamil Nadu; the balance are spread across Maharashtra, Andhra Pradesh, Odisha and West Bengal.                                                   

 Not applicable.                                                  

This is a Category B project according to IFC's Policy on Environment and Social Sustainability (2012). Based on information reviewed by IFC, the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible, and readily addressed through existing mitigation measures and good international industry practices (GIIP). Key E&S issue and risks associated with the project include: (i) updation and implementation of TVS ILP’s corporate E&S Management System at the individual warehouse SPV level, (ii) E&S performance monitoring and review, (iii) grievance management, and (iv) contractor management including management of third-party workers.