TVS Group
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1911 at Madurai |
| Founder | T. V. Sundram Iyengar |
| Headquarters |
|
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  US$8.5 billion (2019) |
Number of employees | 60,000 |
| Parent | T. V. Sundram Iyengar & Sons Private Limited |
| Subsidiaries |
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| Website | www |
TVS Group is an Indian multinational family-owned conglomerate with its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries including the two-wheeler manufacturer TVS Motor Company and TVS Supply Chain Solutions.
Subsidiaries
[edit]The group's subsidiaries are owned by three holding companies, viz., TVS & Sons, Sundaram Industries and TVS Holding Companies. TVS & Sons is the parent company of the group.[1] The three holding companies of the subsidiaries are:
- T. V. Sundram Iyengar & Sons Private Ltd. (TVS & Sons)
- Sundaram Industries Private Ltd.
- Southern Roadways Private Ltd. (TVS Holding Companies)
TVS Group's ten listed subsidiaries are:[2]
- TVS Motor Company
- TVS Supply Chain Solutions
- Sundram Fasteners
- TVS Holdings (formerly Sundaram-Clayton)
- TVS Srichakra (TVS Eurogrip)
- Wheels India
- India Motor Parts & Accessories
- India Nippon Electricals
- TVS Electronics
- Sundaram Brake Linings
TVS Group's unlisted subsidiaries include:[3]
- TVS Emerald
- Brakes India
- Turbo Energy
- TVS Investments
- Axles India
- Sundaram Textiles
- TVS Tread
- Sun Tyre & Wheel Systems
- Sundaram Dynacast
- TVS Automobile Solutions
- TVS Industrial & Logistics Parks
- Lucas-TVS
- Delphi-TVS
- TVS Next
- TVS Credit
Family
[edit]| T. V. S. family | |
|---|---|
| Current region | Chennai, Tamil Nadu, India |
| Place of origin | Madurai, Tamil Nadu, India |
| Members | T. V. Sundram Iyengar T. S. Soundaram Sheela Balaji Venu Srinivasan Lakshmi Venu |
The T. V. S. family is an Indian business family, based in Chennai, India. The TVS Group has its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries across sectors. T. V. Sundram Iyengar founded the group in 1911 with the establishment of T. V. Sundram Iyengar & Sons in Madurai.
The family is from the Iyengar community – Tamil Brahmins who are adherents of Sri Vaishnavism – hailing from Tirunelveli district. The founder T. V. Sundram Iyengar was born in 1877 in Thirukkurungudi. Sundram Iyengar qualified as a lawyer, and later worked in the Indian Railways and later in a bank. He later moved to Madurai and founded the TVS group.[4][5]
Family tree
[edit]Sundram Iyengar and Lakshmi Ammal had eight children – five sons and three daughters. The five sons all joined the family business. The eldest son – T. S. Doraisamy died in 1943 and the other four sons – T. S. Rajam, T. S. Santhanam, T. S. Srinivasan and T. S. Krishna continued to run different businesses.[6] Of the daughters, Dr. T. S. Soundram was a physician, social reformer and politician.[7]
| T. V. Sundram Iyengar | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| T. S. Doraiswami | T. S. Rajam | T. S. Krishna | T. S. Santhanam | T. S. Srinivasan | T. S. Soundaram | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| R. Ramachandran | R. Ratnam | Suresh Krishna | K. Ramesh | K. Mahesh | S. Ram | Prema Ramanujam | S. Viji | Venu Srinivasan | Sheela Balaji | Gopal Srinivasan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
See also
[edit]- Sundaram Finance, a former subsidiary of the group which now operates independently[8][9]
References
[edit]- ^ Kumar, K. Bharat (6 March 2021). "Explainer | A look at the TVS Group's proposed recast of holdings". The Hindu. Retrieved 11 April 2021.
- ^ Bureau, Our. "TVS family to rejig ownership of group companies". @businessline. Retrieved 11 April 2021.
{{cite news}}:|last1=has generic name (help) - ^ "TVS Group". www.tvsgroup.com. Retrieved 11 April 2021.
- ^ Ramaswamy, Vijaya (2017). Historical Dictionary of the Tamils (Second ed.). London: Rowman & Littlefield. ISBN 9781538106853.
- ^ "8 Most Successful Indian Family Businesses Running Over A Century". Marketing Mind. 7 October 2019. Retrieved 15 January 2022.
- ^ "Splitting the century-old TVS Group". BLoC. 22 August 2022. Retrieved 5 August 2023.
- ^ "Friend, philosopher and athai". The Hindu. 19 February 2014. Retrieved 5 August 2023.
- ^ "TVS Group's Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses". The Wire. Retrieved 11 April 2021.
- ^ Philip, Lijee; John, Satish. "TVS looks at recast as new generation hops on board". The Economic Times. Retrieved 12 April 2021.
External links
[edit]- "TVS Group - Fourth-generation ambitions". 28 August 2012. Archived from the original on 28 August 2012. Retrieved 28 August 2012.