Business Standard

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

TVS Group

The other major changes included TVS Sundaram Motors’ move to sell an iconic 21,400,000-sq-ft property with 89 grounds at Anna Salai in Chennai for around Rs 600 crore to the Prestige Group

Shine Jacob Chennai
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
Topics : TVS Group

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First Published: Feb 22 2022 | 6:08 AM IST

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