TVS Group

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TVS Group
Company type Private
Industry Conglomerate
Founded1911;113 years ago (1911) at Madurai
Founder T. V. Sundram Iyengar
Headquarters
Area served
Worldwide
Key people
  • Krishna Mahesh
  • Tirumala Kumara Balaji
  • Krishna Mahesh
  • Srinath Ratnam Rajam
  • Srivats Ram
  • Santhanam Viji
  • Santhanam Ram
  • Suresh Krishna
  • Venu Srinivasan
  • Gopal Srinivasan
  • Ramachandran Haresh
  • Ramachandran Dinesh
Products
RevenueIncrease2.svg US$8.5 billion (2019)
Number of employees
60,000
Parent T. V. Sundram Iyengar & Sons Private Limited
Subsidiaries
Website www.tvs.in

TVS Group is an Indian multinational family-owned conglomerate with its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries including the two-wheeler manufacturer TVS Motor Company and TVS Supply Chain Solutions.

Contents

Subsidiaries

The group's subsidiaries are owned by three holding companies, viz., TVS & Sons, Sundaram Industries and TVS Holding Companies. TVS & Sons is the parent company of the group. [1] The three holding companies of the subsidiaries are:

TVS Group's ten listed subsidiaries are: [2]

TVS Group's unlisted subsidiaries include: [3]

Family

T. V. S. family
Current region Chennai, Tamil Nadu, India
Place of origin Madurai, Tamil Nadu, India
Members T. V. Sundram Iyengar
T. S. Soundaram
Sheela Balaji
Venu Srinivasan
Lakshmi Venu

The T. V. S. family is an Indian business family, based in Chennai, India. The TVS Group has its principal headquarters in Madurai and international headquarters in Chennai. It has more than 50 subsidiaries across sectors. T. V. Sundram Iyengar founded the group in 1911 with the establishment of T. V. Sundram Iyengar & Sons in Madurai.

The family is from the Iyengar community – Tamil Brahmins who are adherents of Sri Vaishnavism – hailing from Tirunelveli district. The founder T. V. Sundram Iyengar was born in 1877 in Thirukkurungudi. Sundram Iyengar qualified as a lawyer, and later worked in the Indian Railways and later in a bank. He later moved to Madurai and founded the TVS group. [4] [5]

Family tree

Sundram Iyengar and Lakshmi Ammal had eight children – five sons and three daughters. The five sons all joined the family business. The eldest son – T. S. Doraisamy died in 1943 and the other four sons – T. S. Rajam, T. S. Santhanam, T. S. Srinivasan and T. S. Krishna continued to run different businesses. [6] Of the daughters, Dr. T. S. Soundram was a physician, social reformer and politician. [7]

T. V. Sundram Iyengar
T. S. DoraiswamiT. S. RajamT. S. KrishnaT. S. SanthanamT. S. Srinivasan T. S. Soundaram
R. RamachandranR. Ratnam Suresh Krishna K. RameshK. MaheshS. RamPrema RamanujamS. Viji Venu Srinivasan Sheela Balaji Gopal Srinivasan


See also

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The Deming Prize is the longest-running national quality award and one of the highest awards in the world. It recognizes both individuals for their contributions to the field of quality and businesses that have successfully implemented exemplary systems that promote quality of goods and services. It was established in 1951 to honor W. Edwards Deming who contributed greatly to Japan’s proliferation of statistical quality control after World War II. His teachings helped Japan build its foundation by which the level of Japan’s product quality has been recognized as the highest in the world, was originally designed to reward Japanese companies for major advances in quality improvement. Over the years it has grown, under the guidance of the Japanese Union of Scientists and Engineers (JUSE) to where it is now also available to non-Japanese companies, albeit usually operating in Japan, and also to individuals recognized as having made major contributions to the advancement of quality. The awards ceremony is broadcast every year in Japan on national television.

TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India by revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles. TVS Motor Company is also the second largest two-wheeler exporter in India with exports to over 60 countries.

The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.

<span class="mw-page-title-main">T. S. Soundaram</span> Indian politician, social reformer and physician

T. S. Soundaram Ramachandran was an Indian physician, social reformer and politician was the daughter of T. V. Sundaram Iyengar, the founder of T V Sundaram Iyengar and Sons Limited, popularly known as TVS Group of companies, one of India's largest industrial conglomerates. She was married young barely at the age of 14 in 1918, her husband Dr. Soundararajan, encouraged her to study. But when he died when she was in her teens, it was her parents who urged her to continue with her studies. It was at Lady Hardinge Medical College in Delhi that she did her medicine degree.

<span class="mw-page-title-main">T. V. Sundram Iyengar</span> Indian businessman (1877–1955)

Thirukkurungudi Vengaram Sundram Iyengar was an Indian industrialist and automobile pioneer. In 1911, he founded T. V. Sundram Iyengar & Sons, a bus company which later diversified into automobile production and emerged as the parent company of the TVS Group, one of India's biggest business conglomerates. With his humble beginning as a lawyer, he grew into one of the most successful industrialists of his time. The flagship company of the group is TVS Motors established by his son T. S. Srinivasan. He laid foundation for road transport industry in the erstwhile Madras Presidency through the state's first bus service. The TVS group he thus started now extends from motor industry, auto services to financial services.

<span class="mw-page-title-main">TVS Matriculation Higher Secondary School</span> Private higher secondary school in Madurai, India

The TVS School was established in 1972 with 40 students. It provides education to the inhabitants of Madurai and its surroundings in Tamil Nadu, India. It is governed by a council named Lakshmi Vidya Sangham, constituted by the descendants of the founder of the TVS Group, T. V. Sundaram Iyengar. The school has a strength of about 4,907 pupils, 201 teaching staff and additional parent tutors. The school functions in two shifts for all classes from the lower kindergarten to Std XII. There is also a separate nursery school near the main campus. It is one of the top schools of madurai.

Chennai is nicknamed the "Detroit of Asia" due to the presence of major automobile manufacturing units and allied industries around the city.

<span class="mw-page-title-main">TVS Supply Chain Solutions</span> Indian multinational company

TVS Supply Chain Solutions is an Indian multinational transportation, logistics and warehousing company. It provides supply chain management services to customers in the automotive, consumer goods, defence and utility sectors in India, the United Kingdom, Europe and the US. It is part of the TVS Group of companies.

<span class="mw-page-title-main">Venu Srinivasan</span> Indian businessman

Venu Srinivasan is an Indian billionaire industrialist who is the chairman emeritus of two-wheeler manufacturer TVS Motor Company and auto components manufacturer TVS Holdings. In addition, he serves on the board of Tata Sons and as one of the vice-chairmen of Tata Trusts. He received the Padma Bhushan, India's third-highest civilian award, in January 2020.


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Sundaram Medical Foundation is a community-centered, non-profit, trust hospital established in 1990 by S. Rangarajan. Sundaram Medical Foundation's main hospital premises operate at Shanthi Colony in the neighborhood of Anna Nagar, while an outpatient facility operates at Elango Salai Rd., Mogappair West, Ambattur Industrial Estate, Chennai.

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, is an Indian automotive components company, based in Chennai. Part of the TVS Group, it makes aluminium and magnesium castings for the automotive industry. It was the flagship company of the TVS Group before being overtaken by its subsidiary TVS Motor Company.

<span class="mw-page-title-main">Suresh Krishna (businessman)</span> Indian industrialist (born 1936)

Suresh Krishna, an Indian industrialist, is the Chairman of Sundram Fasteners Limited (SFL), and the Chairman of the holding company, T V Sundram Iyengar & Sons Pvt Ltd.

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TVS Emerald Haven Realty Ltd is an Indian real estate company, based in Chennai, India. It was founded by and as the real estate arm of the TVS Group in 2012 and is headquartered in the Indian city of Chennai. TVS Emerald began its foray into real estate by successfully completing and delivering their first project, TVS Emerald Green Hills, in Perungalathur, ahead of schedule. It has since then announced several residential project in Chennai.

<span class="mw-page-title-main">Sundaram Finance</span> Indian financial services company

Sundaram Finance Limited is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management, commercial finance, investment banking, private equity, treasury advisory, credit cards and infrastructure finance, among others.

Royapettah Neighbourhood, in Chennai district, in Tamil Nadu State, in India.

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<span class="mw-page-title-main">Sudarshan Venu</span> Indian businessman

Sudarshan Venu is an Indian entrepreneur and business executive, currently serving as the Managing Director of TVS Motor Company, a position he assumed in May 2022.

References

  1. Kumar, K. Bharat (6 March 2021). "Explainer | A look at the TVS Group's proposed recast of holdings". The Hindu. Retrieved 11 April 2021.
  2. Bureau, Our. "TVS family to rejig ownership of group companies". @businessline. Retrieved 11 April 2021.{{cite news}}: |last1= has generic name (help)
  3. "TVS Group". www.tvsgroup.com. Retrieved 11 April 2021.
  4. Ramaswamy, Vijaya (2017). Historical Dictionary of the Tamils (Second ed.). London: Rowman & Littlefield. ISBN   9781538106853.
  5. "8 Most Successful Indian Family Businesses Running Over A Century". Marketing Mind. 7 October 2019. Retrieved 15 January 2022.
  6. "Splitting the century-old TVS Group". BLoC. 22 August 2022. Retrieved 5 August 2023.
  7. "Friend, philosopher and athai". The Hindu. 19 February 2014. Retrieved 5 August 2023.
  8. "TVS Group's Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses". The Wire. Retrieved 11 April 2021.
  9. Philip, Lijee; John, Satish. "TVS looks at recast as new generation hops on board". The Economic Times. Retrieved 12 April 2021.