The $8.5 billion TVS Group splits to grow: What's changed structure-wise?

A rare amicable family settlement has accommodated the third and fourth generations' ambitions

The month of February saw a comparatively muted but significant change in the history of Chennai’s corporate landscape. The $8.5 billion TVS Group received final approval for a family resettlement on February 4 from the National Company Law Tribunal (NCLT). It is an arrangement that is noteworthy because unlike many other corporate settlements this one was sorted out amicably and without any open conflicts.

The Memorandum of Family Arrangement (MFA) by four branches of the TVS Group — T S Rajam, T S Krishna, T S Srinivasan and T S Santhanam families — is seen as a move to facilitate