Family-owned TVS group changes ownership model, to scrap holding company

Brand of $8.5-billion business allotted to each family group on a perpetual, royalty-free basis.

The $8.5-billion TVS group on Thursday decided to go for restructuring by giving each family group complete ownership of businesses they manage and scrapping the holding company. There won't be any cross holdings, the family has agreed, according to the new terms.
 
For example, Suresh Krishna and his daughters will manage Sundaram Fasteners. Venu Srinivasan and his family will manage TVS Motor, TVS Credit, Sundaram Clayton, and some other companies. R Dinesh will manage TVS Logistics and TVS Automobile Solutions, among other firms. And, Shobhana Ramachandran will manage TVS Srichakra.
 
The TVS brand will be allotted to each