Unlocking Value

In June issue, Industrial Economist featured how the USD 6.4 billion TVS Venu Group is quietly expanding its presence in the financial services space. At the annual general meeting of the group’s flagship TVS Motor, its chairman Sudarshan Venu hinted that the company would evaluate alternatives including a possible separation of the financial services business.

Listen to this article

Over the years, the group has made sustained investments in building and nurturing its financial services business, which has evolved into an important part of the broader TVS Venu ecosystem. TVS Motor owns around 85 per cent stake in TVS Credit Services, a retail-focused Non-banking Finance Company. It is the major financier for TVS Motor and is also engaged in financing diverse products including used and new vehicles and tractors, consumer durables, personal loan, gold loan and business loans serving 2.6 crore customers. Other financial services business includes Home Credit India Finance Private Ltd, health insurance venture Galaxy Health Insurance Company, PGIM India Asset Management and PGIM India Trustees and a minority stake in Jana Small Finance Bank Ltd.

Latest

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom...

Losing Sleep

 The other one lies in tackling the impact from...

Continuing Momentum

Regimes may come and go. But Tamil Nadu has...

A Tightrope Walk

The other one lies in tackling the impact from...

Newsletter

Don't miss

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom...

Losing Sleep

 The other one lies in tackling the impact from...

Continuing Momentum

Regimes may come and go. But Tamil Nadu has...

A Tightrope Walk

The other one lies in tackling the impact from...

Putting Best Foot Forward

This primarily was the consequence of the persistence and...

Rs 500 Crore Revenue By FY31…

What’s the reason behind specialising in premium woven bottom wear? Meenakshi India started in 1985 and until 2005, woven bottoms wear had some restrictions in...

Losing Sleep

 The other one lies in tackling the impact from climate change, which drives more frequent and intense hot nights. India has emerged as one...

Continuing Momentum

Regimes may come and go. But Tamil Nadu has always seen policy continuity on the industrial front. The nascent TVK government has set the...