Page 4 - Tvs Group

TVS Motor consolidated net profit rises 29% in Sept quarter to Rs 234 cr

Revenue from operations rises 23% to Rs 6,483 cr

Internal restructuring of TVS Group gets CCI approval

There are 16 entities that are parties to the proposed transaction.

myTVS raises Rs 375 cr from Exor-backed fund, joins 'super app' race

mTVS's super app plans comes after companies Tata Group, Reliance Industries, PhonePe, Paytm and GooglePay, announced the launch of a super app

TVS Group's family members enter into 'brand agreement'

Entities controlled by various members of the TVS family may have executed, or will execute, similar deeds of adherence to become parties of the brand agreement.

TVS Group files scheme of amalgamation involving holding companies

Family agreement in December spelled shareholding on families that run the $8.5 billion group.

Tyre maker TVS Srichakra's profit rises 124% to Rs 46.32 cr in Q3

During the third quarter, the company's revenue rose to Rs 553.31 crore from Rs 497.54 crore in the year ago period, an increase of around 11.20 per cent

TVS group board of directors give their nod for 'family arrangement'

The restructuring will give each family group complete ownership of businesses they manage while scrapping the holding company

Senior TVS family members to file composite amalgamation scheme with NCLT

Group has over 50 firms managed by various branches of the TVS family tree. With time, the members felt ownership of shares in various enterprises should be in sync with their management

TCF closes extended fund raising of largest rupee-only capital fund

The sweet spot for the third fund would be around Rs 125-150 crore as compared to around Rs 60-65 crore in the previous fund

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

Top headlines: Tata's reject Mistry's offer; TVS changes ownership model

From Tatas rejecting Mistrys' settlement offer to divide Tata Sons' assets to Mittal, Musk betting on satellite broadband as telecom's new star, here are top headlines this morning

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.

TVS Srichakra to invest Rs 1,000 cr to ramp up capacity at two facilities

The company supplies tyres to a majority of two- and three-wheeler manufacturers in India, apart from having a significant presence in the domestic aftermarket

TVS Srichakra to invest Rs 1,000 cr to expand manufacturing capacity

Tyre maker TVS Srichakra Ltd on Tuesday announced a Rs 1,000 crore investment over a period of three years to ramp up its manufacturing capacity. The capital expenditure of Rs 1,000 crore will be used to ramp up manufacturing at its Madurai and Pantnagar plants, the company said in a statement "This investment is planned to be made over a three-year period. The investment, when fully made, will result in an increase in two and three-wheeler tyre capacity by 25-30 per cent and doubling of off-highway tyre capacity from current levels," it added. TVS Srichakra has manufacturing facilities at Madurai in Tamil Nadu and Pantnagar in Uttarakhand with a production capacity of over 3 million tyres a month. Commenting on the planned investment, TVS Srichakra Limited Director S Ravichandran, said, With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in R&D and product development, we are further strengthening our manufacturing .

TVS Automobile Solutions acquires Mahindra First Choice service business

As part of the transaction, M&M will secure a minority stake in TVS ASPL and in turn, MFCSL will become a subsidiary of TVS ASPL

Mitsubishi Corp picks minority stake in TVS SCS for undisclosed amount

Mitsubishi to acquire the stake from Tata Opportunities Fund which will make a partial exit

TVS auto solutions company plays disruptor in after-market sector

Its innovations are revolutionising the automobile after-market sector

TVS housing arm ropes in Singapore's Keppel Land for project near Chennai

The partners will develop the project through a JV, in which Keppel Land's subsidiary will take 49 per cent stake for Rs 77.2 crore

Titan Europe likely to sell 10% stake in Wheels India valued at Rs 60 cr

The firm has been reducing stake gradually in the company

We will continue with China operations, says JMD, Sundram Fasteners

The China facility is running profitably and manufactured fasteners, bearing housings and castings, and the company had invested adequately for the current level of operations there, Krishna said