TVS Venu firms up financial services play

The USD 6.5 billion TVS VENU Group has agreed to acquire a minority stake in Jana Small Finance Bank Ltd through a combination of primary issuance of warrants and a secondary purchase for an equity ownership of up to 9.9 per cent, which includes 4.9 per cent to be owned by TVS Motor Company.

Listen to this article

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.

Also read: TVS Venu Group to pick 9.9% stake in Jana SFB

Latest

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Newsletter

Don't miss

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,”...

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between...

Sincerest Of Flattery!

It doesn’t matter to him that his plan would...

Anup Kumar Saha named Kotak Mahindra Bank MD

Saha will begin his three-year contract on 1 January,...

Taking measures to enhance resilience from shocks: RBI Guv

“Although India remains exposed to the effects of the West Asia conflict through higher commodity prices and external sector pressures, our economy is navigating...

AI uncertainty keeps Shriram Properties cautious on commercial portfolio

“We don't know what AI is going to do,” M Murali, Chairman and Managing Director, Shriram Properties, said at a media briefing in Chennai....

KICL signs MoU for ship recycling JV in TN

The MoU signed on 30.09.2026, records the understanding between the parties for exploring the proposed business opportunity and does not, by itself, constitute an...