18 October 2023
10 mins read
The TVS Group stands tall as one of India’s most trusted and recognised names. Over a century old, this giant enterprise has steadily grown, adapting to new times while always sticking to its core values. TVS’s main strength? Its dedication to top-quality products, forward-thinking innovation, and the trust it has built among countless Indians. From its early days to its present success, the story of TVS is more than just business growth. It’s about shaping the way we live, guiding our transport choices, and being a familiar and dependable presence in both our daily travels and our households.
In this blog, we’ll walk through TVS Group’s incredible journey. From its roots to its achievements, and its impact on India’s industrial scene.
| Details | Information |
| Founder | T V Sundaram Iyengar |
| Industry Type | Conglomerate (ranging from automobiles to real estate) |
| Year of Foundation | 1911 |
| Headquarters | Chennai, Tamil Nadu |
| Key People | T S Rajam, T S Krishna, T S Srinivasan and T S Santhanam |
| Presence Globally | 80 countries |
| Number of Subsidiaries | Over 50 |
Madurai is the birthplace of the TVS Group, a city with a deep historical significance. But with an eye on global outreach and to tap into global business trends, they set their international base in Chennai, Tamil Nadu. Chennai, a major city, offers the group a global connection and a vast pool of talent.
Change is a constant in business, and the TVS Group knows this well. In 2022, they took a big step by dividing the group into four separate entities. This move showed their ability to adapt and grow while holding onto their core beliefs. This change was led by four key members of the TVS family – T S Rajam, T S Krishna, T S Srinivasan, and T S Santhanam. Each brought their unique touch to the group’s varied businesses.
The TVS Group has a wide range of companies under its name. With over 50 subsidiaries, they touch various industries. The main companies overseeing these subsidiaries are TVS & Sons, Sundaram Industries, and TVS Holding Companies. Of these, nine have a public listing, showing their commitment to their investors. While TVS Group is known for automobiles, they have also stepped into other areas like real estate, electronics, and finance.
Additional Read: Bajaj Group Overview
| Year | Highlights |
|---|---|
| 1911 | Laying the Groundwork: Shri T V Sundaram Iyengar founded the TVS Group. It began as a local transportation service in Tamil Nadu, marking the start of a legacy. |
| 1920s | Broadening Horizons: TVS expanded into the automobile distribution sector, becoming a key player in Tamil Nadu’s automotive scene. |
| 1930s | Venture into Financial Services: TVS introduced Sundaram Finance, providing financial services to individuals and businesses. |
| 1940s | Navigating Global Challenges: Despite World War II, TVS exhibited resilience and sustained growth during turbulent times. |
| 1950s | Growth in a New India: Post-independence, TVS expanded its automobile distribution and ventured into manufacturing automobile components. |
| 1960s | Solidifying Foundations: TVS Holdings Ltd was established in 1962, focusing on auto components. Several subsidiaries were formed, shaping the conglomerate. |
| 1970s | Two-Wheeler Revolution: In 1978, TVS Motor Company Ltd was founded, marking TVS’s entry into the two-wheeler market. |
| 1980s | Diverse Endeavours: TVS Srichakra Ltd, a tyre manufacturer, was founded in 1982. In 1987, TVS Electronics Ltd entered the tech domain. |
| 1990s | Logistics Leadership: TVS Supply Chain Solutions Ltd was established in 1992, providing logistics solutions. |
| 2000s | Global Footprints: TVS expanded internationally, forming collaborations and establishing a global presence. |
| 2010s | Innovative Strides: TVS focused on R&D and introduced innovative automotive and tech solutions, with an emphasis on sustainability. |
| 2020s | Strategic Evolution: In 2022, the group was restructured into four entities, reflecting TVS Group’s continuous growth and adaptability. |
| S. No. | Name | Sector | Market Cap (in Crores) | Year Founded |
| 1 | TVS Motor Company Ltd | Two Wheelers | ₹ 72,332 | 1978 |
| 2 | TVS Holdings Ltd | Auto Parts | ₹ 13,566 | 1962 |
| 3 | TVS Supply Chain Solutions Ltd | Logistics | ₹ 9,230 | 1992 |
| 4 | TVS Srichakra Ltd | Tires & Rubber | ₹ 2,715 | 1982 |
| 5 | TVS Electronics Ltd | Technology Hardware | ₹ 637 | 1987 |
Founded in 1978, TVS Motor Company Ltd has firmly established its footprint in the two-wheeler sector. With a whopping market cap of ₹ 72,332 crores, it’s evident how significant this subsidiary is to the TVS Group. Over the years, TVS Motor Company has earned a reputation for producing reliable and innovative two-wheelers that cater to a diverse clientele. Their emphasis on customer satisfaction, technological innovation, and sustainable practices has made them a household name. Every product released under this banner resonates with the company’s commitment to quality, ensuring riders experience the best of both worlds: performance and safety.
Also Read: TVS Motor Company Q2 Results
Taking us back to 1962, TVS Holdings Ltd has been a pioneering force in the auto parts sector. With a market capitalisation of ₹ 13,566 crores, this subsidiary stands as a testament to the TVS Group’s dedication to delivering unparalleled quality in automotive components. TVS Holdings Ltd focuses on enhancing the overall automotive experience for vehicles by ensuring that each auto part is meticulously crafted, integrates advanced technologies, and passes rigorous quality checks. Their longevity in the market, coupled with their consistent excellence, has solidified their position as leaders in the auto parts industry.
Entering the logistics arena in 1992, TVS Supply Chain Solutions Ltd has continually redefined what efficient logistics means. With a respectable market cap of ₹ 9,230 crores, this subsidiary is responsible for streamlining the delivery and supply chain processes, ensuring products reach their intended destinations both promptly and efficiently. In a world where time is often equated with money, TVS Supply Chain Solutions stands as a beacon, ensuring timely deliveries, optimal inventory management, and customer satisfaction. Their holistic approach to logistics, combined with their state-of-the-art technologies, makes them an indispensable asset to the TVS Group.
Since 1982, TVS Srichakra Ltd has been driving the market with its premium rubber products, primarily focusing on tyres. With a market cap of ₹ 2,715 crores, it showcases its significance within the TVS Group and the tyre industry at large. Tyres are an essential component of any vehicle, dictating both safety and performance. TVS Srichakra ensures each tyre is crafted to perfection, balancing durability with optimal performance. Their products not only promise longevity but also contribute significantly to fuel efficiency, making them a preferred choice among consumers.
Venturing into the realm of technology hardware in 1987, TVS Electronics Ltd embodies the Group’s adaptability and forward-thinking approach. Even with a market cap of ₹ 637 crores, its influence and reach in the technology hardware sector are commendable. In an era dominated by digital advancements, TVS Electronics provides a plethora of products ranging from keyboards to point-of-sale terminals. Each product is a result of thorough research, ensuring it not only meets but often exceeds consumer expectations. As the technological landscape continually evolves, TVS Electronics remains committed to innovating, ensuring they remain at the forefront of technological solutions.
Additional Read: Hinduja Group Overview
In one of the most notable joint ventures, TVS Motor Company collaborated with BMW Motorrad in 2013. This strategic partnership aimed to design, produce, and market high-end motorcycles ranging from 250cc to 500cc. The collaboration combined the precision engineering of BMW with the mass-market understanding of TVS. The TVS RR 310, a notable outcome of this venture, quickly gained popularity amongst Indian biking enthusiasts.
Sundaram Clayton Limited (SCL), a part of the TVS Group, ventured with WABCO, a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. This joint venture, known as WABCO-TVS (India) Ltd, focused on the production of braking and related systems for commercial vehicles in India. The alliance has significantly contributed to improving the safety standards of Indian commercial vehicles.
In a significant move, in April 2020, TVS Motor Company acquired the iconic British motorcycle brand, Norton Motorcycles. This acquisition, worth £16 million, was strategic for TVS in enhancing its global portfolio and tapping into the legacy and advanced technology that Norton brought to the table. Norton, with its rich racing heritage, added a feather in TVS’s cap, reflecting its commitment to quality and excellence.
Additional Read: HDFC Group Overview
Lucas TVS, a leader in auto electrical products in India, established a joint venture with Delphi, a global automotive parts giant. This collaboration, named Delphi TVS, embarked on producing diesel fuel injection systems. Their combined expertise ensured high-quality products that adhered to global standards, enhancing the performance and efficiency of diesel engines.
Marking another milestone in 2022, TVS Motor Company heralded the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). This move amplifies TVS Motor Company’s dedication to enlarging its presence in Europe, fortified by its recent acquisitions including eminent brands like Norton Motorcycles and EGO Movement. SEMG stands out as a prominent figure in e-mobility solutions, particularly in the DACH region. The Group is renowned for operating M-way, the largest exclusive e-bike retail chain in Switzerland, boasting a revenue nearing USD 100M. Their rich portfolio of esteemed Swiss mobility brands, such as Cilo, Simpel, Allegro, and Zenith – Bikes, sets them apart. SEMG’s robust approach, integrating an expansive physical network with an e-commerce platform, supported by two online platforms and 31 brick-and-mortar stores, ensures a holistic and top-tier customer experience.
Way back in the 1970s, TVS embarked on a joint venture with the French company Motobécane (now MBK). This was one of their initial steps into the two-wheeler sector, leading to the production of mopeds. TVS 50, India’s first moped, was a result of this venture and went on to become a popular choice for economical and efficient transportation across the country.
Also Read: Hero Group
This brand doesn’t just represent two-wheelers but is an emotion for many Indians. Known for their robust design, fuel efficiency, and cost-effective models, TVS Motorcycles have carved a niche for themselves in the crowded market. They cater to all segments, from the urban commuter to the passionate biker. The RTR series, for instance, showcases the company’s expertise in crafting bikes that exude style while ensuring top-notch performance. As environmental concerns gain momentum, the brand has been proactive in introducing electric models, reflecting its commitment to sustainable mobility.
The behind-the-scenes champion for the automobile industry, Sundaram Clayton is the manufacturing force that crafts high-end die-casting products for both automotive and non-automotive sectors. Their superior quality products play a pivotal role in various vehicles, ensuring they operate smoothly and efficiently. Their attention to detail, advanced technology usage, and commitment to quality have made them an invaluable asset in the automotive supply chain.
In the rapidly evolving world of technology, TVS Electronics ensures that India doesn’t lag behind. They are known for offering a plethora of consumer electronics and have particularly made a name for themselves in the computer peripherals domain. Their keyboards and printers, for instance, are often lauded for their longevity, user-friendliness, and consistent performance. The brand reflects a blend of innovation and reliability, ensuring consumers receive the best of the tech world.
A vehicle is only as good as the tyres it runs on, and this is where TVS Tyres comes into the picture. As one of the leading manufacturers in India, they offer a comprehensive range for both two-wheelers and four-wheelers. Their tyres are crafted to withstand the diverse and often challenging Indian terrains. Their research and development wing continually works on innovative solutions to enhance grip, longevity, and fuel efficiency.
Venturing into the financial world, TVS Capital Funds represents the group’s commitment to fostering growth and nurturing potential. As a private equity fund, it aims at magnifying the growth prospects of mid-sized companies in India. They have been instrumental in providing both capital and expertise, ensuring their invested companies scale new heights and contribute effectively to the Indian economy.
Additional Read: ICICI Group Overview
The TVS Group, since 1911, stands as a symbol of dedication and quality in India’s industrial story. Starting small and growing over the decades, their mark is clear in various sectors today. Their success lies in understanding what people need and delivering it consistently. When we look at the Indian market, the TVS Group’s influence is everywhere, showcasing their significant role in India’s growth and future potential.
The TVS Group of Companies is owned by the TVS family, with notable members including Venu Srinivasan, who is the Chairman of the TVS Group and oversees its diverse business operations.
The TVS Group was founded in 1911 by T.V. Sundaram Iyengar in India, starting as a small trading business and evolving into a major conglomerate with interests in automotive and other sectors.
To buy TVS Group of Companies stocks, open a demat account, search for the TVS stocks listed on Indian exchanges and place an order through your broker or trading platform.
Top stocks under the TVS Group include TVS Motor Company, Sundaram Clayton and TVS Srichakra, representing key sectors such as automotive manufacturing and tyre production.
Yes, TVS Group of Companies is an Indian conglomerate, headquartered in Chennai and operates across various sectors including automotive, finance and logistics.
The full form of TVS is T.V. Sundaram Iyengar and Sons, named after the founder of the TVS Group who established the company in the early 20th century.
The strengths of the TVS Group of Companies include its strong brand reputation, diverse business portfolio, extensive market reach and commitment to innovation and quality in its products and services.
To buy TVS Group shares via the Bajaj Broking app, download the app, log in to your demat account, search for TVS stocks and place an order to purchase the shares.
The TVS Group functions as a diversified Indian multinational across various businesses including two and three-wheelers, auto components, tyres, supply chain & logistics solutions, electronics & IT peripherals, finance & investment, energy, real estate, and textiles.
Yes, the TVS Group does have major global operations with vehicle and product exports in excess of 80 countries, and the group has subsidiaries or associates in Europe, Asia, Africa, and the Middle East among other regions around the globe.
The major business segments operating in the TVS Group are automotive and mobility products (two-wheelers, three-wheelers, and motorcycles), automotive components and engineering solutions, integrated supply chain and logistics solutions, electronics, financial service, and diversified businesses comprising energy and real estate.
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Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.
Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Subject company may have been client during twelve months preceding the date of distribution of the research report.
There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE
ANALYST CERTIFICATION
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
RISK DISCLOSURE ON DERIVATIVES
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
BROKERAGE DISCLAIMER
All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing
MTF
As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).
US INVESTING
International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.
IPO
This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.
SCREENERS
Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform.
SECURITIES
Securities quoted are exemplary and not recommendatory.
IPV
Account would be open after all procedure relating to IPV and client due diligence is completed.
IMAGES
The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.
THIRD PARTY PRODUCT DISCLAIMER
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.
