TVS Holdings executes succession planning; Sudarshan Venu becomes significant beneficial owner

Kicking off the method of switch of possession of promoter shares in TVS Holdings, the promoter agency of TVS Motor Company, Sudarshan Venu has turn out to be a ‘important helpful proprietor’, based on regulatory submitting by the corporate. Sudarshan Venu, Managing Director of TVS Holdings, is the son of Venu Srinivasan who’s the Chairman and Non-Govt Director of the core funding firm — previously generally known as Sundaram-Clayton Ltd — and TAFE Chairman & MD Mallika Srinivasan. As per an RoC submitting by TVS Holdings on April 23, 2025, each Venu Srinivasan and Sudarshan Venu are actually ‘individuals appearing in live performance and important helpful house owners’ after an inter-se switch between the promoters of the agency.

TVS Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Firm.

Sudarshan Venu already leads TVS Motor Firm as its Managing Director.

The most recent growth makes clearer the alignment of possession and administration of companies between the kids of Venu Srinvasan and Mallika Srinivasan and a continuation of a clean execution of the succession planning initiated earlier.

Final month Tractors and Farm Tools Ltd (TAFE) had introduced the appointment of Lakshmi Venu, the daughter of Mallika Srinivasan and Venu Srinivasan, as its Vice-Chairman. In March 2024, an MoU (memorandum of understanding) was executed by Venu Srinivasan and his members of the family to keep away from competitors amongst themselves. Beneath the MoU, Sudarshan Venu agreed that he and individuals managed by him wouldn’t use sure emblems, together with TVS, in relation to sure companies together with design, manufacturing and provide of aluminium and magnesium die castings/machined castings for OEMs and the after-market.

He had additionally agreed to not compete for an outlined interval, together with within the enterprise of agricultural equipment together with tractors, and self-propelled farm tools.

Then again, Mallika Srinivasan and Lakshmi Venu agreed that they and individuals managed by them wouldn’t use sure emblems (together with TVS) in relation to sure companies, together with two-wheeler and three-wheeler automobiles, monetary providers, and actual property enterprise.

They’ve additionally agreed to not interact in sure companies, together with two-wheeler, and three-wheeler automobiles, components and/or equipment for any such automobiles, for an outlined interval.