TVS Group

TVS Group is an Indian diversified industrial conglomerate with its principal headquarters located in Chennai and Madurai. Almost all holdings of the group are private. The largest and most visible subsidiary is TVS Motors, the third-largest two-wheeler manufacturers in India. TVS Group, with group revenue of more than US$6 billion, is an automotive conglomerate company, specialized in manufacturing of two-wheeler, three-wheeler, auto-electricals components, high tensile fasteners, die casting products, brakes, wheels, tyres, axles, seating systems, fuel injection components, electronic and electrical components and many more.

History

From its beginnings at the turn of the 20th century, TVS Group has grown to become the largest manufacturer and distributor of auto components in India. TV Sundram Iyengar and Sons is the holding company of the TVS Group; the founder was T. V. Sundram Iyengar from Madurai, Tamil Nadu.

Management

Management of almost all companies is by family members. Most of the group companies maintain a low profile and follow a conservative management style.^[1]

Notable companies in the group

TVS Srichakra: Leading manufacturer of two and three wheeler tyres in India. It was started as an independent company without any joint venture with any other foreign company. It is one of the fastest growing company in the TVS group with complete range of two and three wheeler tyres. It is market leader in the original equipment manufacturing segment and one of major player in the after market segment.

TVS Motors: The flagship company. It was started as a Joint Venture between Sundaram Clayton, a group company, and Suzuki Motors, Japan. Subsequently the partners went their separate ways. Revenue was approximately US$1.76 billion in 2006-2007. Headed by Venu Srinivasan.

ZF Electronics TVS (India) Private Limited : (Formerly TVS Cherry Private Limited) The company manufactures precision snap action switches, sensors and electromechanical assemblies in India.^[2]

Sundram Fasteners: The company is the biggest maker of industrial fasteners in India.^[3]

TVS Infotech (TVSi): TVSi^[4] is an Enterprise Solutions provider for industries like Manufacturing, Automotive, Trading & Distribution and Engineering & Construction.

Sundaram Finance: The financial services arm of the group was established in 1954. It owns majority or substantial stakes in Royal Sundaram Alliance General Insurance Company, Sundaram BNP Paribas Mutual Fund and Sundaram BNP Home Finance Limited. It also has subsidiaries for the distribution of financial products, BPO and IT related fields. It has revenues of approx. Rs.600 crores in 2006-2007 with a workforce more than 2000. It is headed by T.T.Srinivasaraghavan.

Sundaram Infotech: The wholly owned IT Subsidiary of Sundaram Finance Ltd., sells enterprise resource management solutions to mid-sized companies through Microsoft Dynamics (AX, NAV, CRM, and LS Retail). Sundaram Infotech flogs vertically oriented ERP solutions in Manufacturing, Retail & Distribution, Trading & Logistics, Automotive, New Seed (Agro) and Financial services.

Delphi TVS: Manufactures fuel injection components for diesel engines in collaboration with Delphi Automotive, U.S.A. at its manufacturing facilities located at Mannur, Chennai, around 38 km from Chennai.

Wheels India: The company manufacturers automotive wheels and air suspension in collaboration with Titan Plc, UK. It had revenues of Rs.1000 crores in 2006-2007. It is headed by Mr. S. Ram.

Axles India: A subsidiary of Wheels India, the company manufactures axles used in commercial vehicles. It is headed by S.Ram. It had revenues of Rs.300 crores in 2006-2007.

Brakes India: The company manufactures automotive brakes, iron castings and plastic moulding. It has manufacturing facilities at 6 locations. It is headed by S.Viji. It had revenues in excess of Rs.1000 crores in 2006-2007.

Turbo Energy Limited: Manufactures turbo chargers for diesel engines in collaboration with BorgWarner Turbo Systems, U.S.A. at its manufacturing facilities located at Pulivalam, around 100 km from Chennai.

Other companies

References

External links

"TVS Group - Fourth-generation ambitions". Aug 28, 2012.