- TVS group
TVS is a diversified industrial conglomerate with principal base in Chennai and Madurai. Almost all the companies in the group are privately held. The largest and the most visible company is TVS Motors, one of the top 3 two-wheeler manufacturers in India. From its humble beginning at the turn of the 20th century, the group has progressed to become the largest manufacturer and distributor of auto components in India.
TV Sundaram Iyengar and Sons is the holding company of the group.
Notable companies in the group
TVS Motors: The flagship company. It was started as a JV between Sundaram Clayton, a group company, and Suzuki Motors, Japan.Subsequently the partners went their separate ways. Revenue was approximately $1 billion in 2006-2007.Headed by Venu Srinivasan.
Sundaram Finance: The financial services arm of the group. 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 distribution of financial products, BPO and IT related fields. Revenue of approx. Rs.600 crores in 2006-2007. Headed by T.T.Srinivasaraghavan.
Wheels India: The company manufacturers automotive wheels and air suspension in colloboration with Titan Plc, UK. Revenue 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. Headed by S.Ram.Revenue 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. Headed by S.Viji. Revenue in excess of Rs.1000 crores in 2006-2007.
Sundaram Fasteners: The leading player in the industrial fasteners space in India.
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 in the group
[http://www.tvscherry.com TVS Cherry Private Limited] : Manufactures Precision Snap Action / Rocker Switches, Sensors and Reed Relays to cater automotive, consumer and Industrial markets
Lucas-TVS: manufactures automotive electricals.
Lucas Indian Services Ltd.
Sundaram Clayton: Manufactures air brakes.
Sundaram Brake Linings
Delphi-TVS: Manufacturer of fuel injection systems.
Royal Sundaram: General Insurance
[http://www.sundarambnpparibas.in/ Sundaram BNP Paribas Mutual Fund with assets under management of Rs 16,000 crores.]
TVS Electronics: Computer peripherals
Sundaram Motors, IMPAL, Madras Auto Service: Auto distribution.
Irizar-TVS: Bus body building.
India Nippon Electricals Ltd. (Promoted by Kokusan Denki Company Ltd., and Lucas Indian Services Ltd. )
Sundaram Industries: Textiles,rubber
TVS Srichakra: Tyres
TVS Interconnect
TVS Finance
Sundaram Dynacast
ABI Showatech
Light Alloy Products
LAP-Ross Engineering Ltd.
Management
Management of almost all the companies is by family members. It is especially famous for its benevolent attitude to employees. Most of the group companies maintain a low profile and follow a conservative management style. [ [http://www.tvsmotor.in Tvs Motor Company ] ]
References
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