TVS Group is an Indian multinational 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
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:
TVS Group's ten listed subsidiaries are:[2]
TVS Group's unlisted subsidiaries include:[3]
- T. V. Sundram Iyengar & Sons Private Ltd. (TVS & Sons)
- Sundaram Industries Private Ltd.
- Southern Roadways Private Ltd. (TVS Holding Companies)
- 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 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
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
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]
See also
- Sundaram Finance, a former subsidiary of the group which now operates independently[8][9]
External links
References
- K. Bharat Kumar. Explainer The Hindu, 6 March 2021, retrieved 11 April 2021^
- Our Bureau. TVS family to rejig ownership of group companies @businessline, retrieved 11 April 2021^
- TVS Group www.tvsgroup.com, retrieved 11 April 2021^
- Vijaya Ramaswamy. Historical Dictionary of the Tamils Rowman & Littlefield, 2017^
- 8 Most Successful Indian Family Businesses Running Over A Century Marketing Mind, 2019-10-07, retrieved 2022-01-15^
- 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^
- Lijee Philip, Satish John. TVS looks at recast as new generation hops on board The Economic Times, retrieved 12 April 2021^