Overhaul of TVS Group to pave way for easy transition to fourth gen

Senior family members declined to comment on the matter since deliberations on the steps to be taken to implement this arrangement is going to start

The key reason behind the proposed restructuring of the $8.5-billion TVS Group is said to be to pave way for a smooth transition of the business to the fourth generation, according to sources close to family members of the group.

On Thursday, family members of the group 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 agreed, according to the new terms.

The restructuring will involve nine listed companies including TVS Motor, Sundaram Clayton, Sundram Fasteners, TVS Electronics, TVS Srichakra, and others.

Senior family