TVS VENU has a long-standing presence in India’s financial services sector through TVS Credit Services, a leading Non-Banking Financial Companies offering consumer and retail loans to millions of customers across India.
It has also signed definitive agreements to acquire 100 per cent stake in PGIM India Asset Management. The investment in Jana Small Finance Bank will allow for mutual collaboration in various areas for the long-term success of the Bank, subject to applicable laws, according to a statement.
Jana has an established presence in mass retail and MSME banking, a strong growing secured lending base and a national distribution footprint. With over 12 million customers served, 822 outlets across 23 states and 2 Union Territories, and advances and deposits of over Rs. 35,000 crore each as of 31 March 2026.
“We firmly believe that a key driver to India’s growth is the strengthening and expansion of India’s financial services. We have been serving more than 44 million financial services customers across more than 100,000 touch points pan India, and are excited about the huge opportunity that the sector presents,” Sudarshan Venu, Chairman, TVS Motor Company, said.
This investment in Jana is aligned with TVS VENU’s long-term approach to support high-quality institutions that serve India’s growing financial needs and its expanding digital financial eco-system, he said.
We are also excited to welcome new investors, particularly the highly respected industrialist Mr S P Lohia, founder of Indorama Corporation and Ms Shruti Lohia, through her investment vehicle 2i Capital PCC. We are very thankful to Mr Haigreve Khaitan and Khaitan & Co for their continued advice and legal counsel. Subject to the necessary approvals, we look forward to supporting Jana in its journey towards a leading Bank in India, Venu added.