According to sources, Ramnath Subramaniam, CEO of TVS ILP, the advancement will aid in its emergence as a billion-dollar platform. By the end of CY2023, it would have finished building an additional 3 million square feet.

The CEO stated that the company, which already has a presence in 11 cities and manages 7 million square feet of warehouse space, is aiming to expand to 30 locations, including Tier 1 cities and cities outside of metro areas.

The fact that Tier-1 and urban areas have generally been the focus of storage indicates the enormous market potential. "We are working on an exhaustive 30-city ambition since we don't want to limit ourselves to the metros or the Tier 1 cities."