Latest news with #TVSHoldings
Business Standard
28-04-2025
- Business
- Business Standard
TVS Holdings consolidated net profit rises 21.85% in the March 2025 quarter
Sales rise 14.78% to Rs 11259.48 crore Net profit of TVS Holdings rose 21.85% to Rs 282.98 crore in the quarter ended March 2025 as against Rs 232.23 crore during the previous quarter ended March 2024. Sales rose 14.78% to Rs 11259.48 crore in the quarter ended March 2025 as against Rs 9809.72 crore during the previous quarter ended March 2024. For the full year,net profit rose 45.45% to Rs 1164.18 crore in the year ended March 2025 as against Rs 800.39 crore during the previous year ended March 2024. Sales rose 11.99% to Rs 43534.73 crore in the year ended March 2025 as against Rs 38872.86 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 11259.489809.72 15 43534.7338872.86 12 OPM % 16.8115.46 - 15.7214.83 - PBDT 1264.85994.43 27 4660.483767.21 24 PBT 955.84729.95 31 3593.632756.19 30 NP 282.98232.23 22 1164.18800.39 45
India.com
28-04-2025
- Automotive
- India.com
India's one of largest vehicle manufacturers executes succession planning for Rs 1170000000000 company named as…, heir is…
Sudarshan Venu, the Managing Director of TVS Holdings, has become a 'significant beneficial owner' after the initiation of a transfer process involving promoter shares of the company, according to a recent regulatory filing. TVS Holdings, the promoter entity of TVS Motor Company, disclosed this development in its RoC filing dated April 23, 2025. Sudarshan Venu is the son of Venu Srinivasan, Chairman and Non-Executive Director of TVS Holdings, and Mallika Srinivasan, Chairman and MD of TAFE has assumed this status as part of an inter-se transfer among the company's promoters. Both Venu Srinivasan and Sudarshan Venu are now identified as 'persons acting in concert and significant beneficial owners' of the firm, which was previously known as Sundaram-Clayton Ltd. According to latest media reports TVS Motors market capitalisation is 1.30 TVS Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Company. Sudarshan Venu already leads TVS Motor Company as its Managing Director. The latest development makes clearer the alignment of ownership and management of businesses between the children of Venu Srinvasan and Mallika Srinivasan and a continuation of a smooth execution of the succession planning initiated earlier. Last month Tractors and Farm Equipment Ltd (TAFE) had announced 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 family members to avoid competition among themselves. Under the MoU, Sudarshan Venu agreed that he and persons controlled by him would not use certain trademarks, including TVS, in relation to certain businesses including design, manufacturing and supply of aluminium and magnesium die castings/machined castings for OEMs and the after-market. He had also agreed to not compete for a defined period, including in the business of agricultural machinery including tractors, and self-propelled farm equipment. On the other hand, Mallika Srinivasan and Lakshmi Venu agreed that they and persons controlled by them would not use certain trademarks (including TVS) in relation to certain businesses, including two-wheeler and three-wheeler vehicles, financial services, and real estate business. They have also agreed to not engage in certain businesses, including two-wheeler, and three-wheeler vehicles, parts and/or accessories for any such vehicles, for a defined period. (With inputs from PTI)
Economic Times
27-04-2025
- Automotive
- Economic Times
TVS Holdings executes succession planning; Sudarshan Venu becomes significant beneficial owner
Sudarshan Venu, Managing Director of TVS Holdings, has been recognized as a "significant beneficial owner" following a transfer of promoter shares, according to a regulatory filing. This move aligns Sudarshan Venu with his father, Venu Srinivasan, who is the Chairman of TVS Holdings. Both now hold the status of "persons acting in concert and significant beneficial owners" after an inter-se transfer between the promoters. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sudarshan Venu has officially become a 'significant beneficial owner' in TVS Holdings , the parent company of TVS Motor, marking the start of the process to transfer ownership of promoter shares, according to regulatory filing by the Venu, Managing Director of TVS Holdings , is the son of Venu Srinivasan who is the Chairman and Non-Executive Director of the core investment company -- formerly known as Sundaram-Clayton Ltd -- and TAFE Chairman & MD Mallika per an RoC filing by TVS Holdings on April 23, 2025, both Venu Srinivasan and Sudarshan Venu are now 'persons acting in concert and significant beneficial owners' after an inter-se transfer between the promoters of the Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Company Sudarshan Venu already leads TVS Motor Company as its Managing recent development highlights the growing alignment of ownership and management within the businesses controlled by Venu Srinivasan and Mallika Srinivasan's children, further ensuring the continued smooth execution of the succession plan set in motion month Tractors and Farm Equipment Ltd (TAFE) had announced the appointment of Lakshmi Venu, the daughter of Mallika Srinivasan and Venu Srinivasan, as its March 2024, an MoU (memorandum of understanding) was executed by Venu Srinivasan and his family members to avoid competition among the MoU, Sudarshan Venu agreed that he and persons controlled by him would not use certain trademarks, including TVS, in relation to certain businesses including design, manufacturing and supply of aluminium and magnesium die castings/machined castings for OEMs and the had also agreed to not compete for a defined period, including in the business of agricultural machinery including tractors, and self-propelled farm the other hand, Mallika Srinivasan and Lakshmi Venu agreed that they and persons controlled by them would not use certain trademarks (including TVS) in relation to certain businesses, including two-wheeler and three-wheeler vehicles, financial services, and real estate have also agreed to not engage in certain businesses, including two-wheeler, and three-wheeler vehicles, parts and/or accessories for any such vehicles, for a defined period.(With PTI inputs)
Time of India
27-04-2025
- Business
- Time of India
TVS Holdings executes succession planning; Sudarshan Venu becomes significant beneficial owner
Kicking off the process of transfer of ownership of promoter shares in TVS Holdings , the promoter firm of TVS Motor Company , Sudarshan Venu has become a 'significant beneficial owner', according to regulatory filing by the company. Sudarshan Venu, Managing Director of TVS Holdings , is the son of Venu Srinivasan who is the Chairman and Non-Executive Director of the core investment company -- formerly known as Sundaram-Clayton Ltd -- and TAFE Chairman & MD Mallika Srinivasan. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" As per an RoC filing by TVS Holdings on April 23, 2025, both Venu Srinivasan and Sudarshan Venu are now 'persons acting in concert and significant beneficial owners' after an inter-se transfer between the promoters of the firm. TVS Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Company. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Lam Dong - Watch What Happens Happy in Shape Undo Sudarshan Venu already leads TVS Motor Company as its Managing Director. The latest development makes clearer the alignment of ownership and management of businesses between the children of Venu Srinvasan and Mallika Srinivasan and a continuation of a smooth execution of the succession planning initiated earlier. Live Events Last month Tractors and Farm Equipment Ltd (TAFE) had announced 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 family members to avoid competition among themselves. Under the MoU, Sudarshan Venu agreed that he and persons controlled by him would not use certain trademarks, including TVS, in relation to certain businesses including design, manufacturing and supply of aluminium and magnesium die castings/machined castings for OEMs and the after-market. He had also agreed to not compete for a defined period, including in the business of agricultural machinery including tractors, and self-propelled farm equipment. On the other hand, Mallika Srinivasan and Lakshmi Venu agreed that they and persons controlled by them would not use certain trademarks (including TVS) in relation to certain businesses, including two-wheeler and three-wheeler vehicles, financial services, and real estate business. They have also agreed to not engage in certain businesses, including two-wheeler, and three-wheeler vehicles, parts and/or accessories for any such vehicles, for a defined period.
