Latest news with #VenuSrinivasan
Entrepreneur
5 days ago
- Business
- Entrepreneur
TVS Motor Appoints Sudarshan Venu as Chairman and Managing Director
The announcement follows the decision by the current Chairman, Sir Ralf Speth, not to seek re-appointment at the upcoming Annual General Meeting (AGM) scheduled for August 22, 2025. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a major leadership transition, TVS Motor Company announced today that its Board of Directors has unanimously named Sudarshan Venu as the new Chairman and Managing Director of the company, effective August 25, 2025. The decision reflects the Board's recognition of Venu's pivotal role in steering the company's growth and strategic evolution during his tenure as Director. The announcement follows the decision by the current Chairman, Sir Ralf Speth, not to seek re-appointment at the upcoming Annual General Meeting (AGM) scheduled for August 22, 2025. Sir Ralf will step down as Chairman at the conclusion of the AGM. To ensure a smooth transition and ongoing strategic guidance, Sir Ralf will take on the role of Chief Mentor of the Company for a three-year term beginning August 23, 2025. Venu Srinivasan, Chairman Emeritus of TVS Motor Company, said, "I express my sincere gratitude to Ralf for his exceptional leadership over the last three years. His guidance has been instrumental in our global expansion and innovation efforts. We are grateful for his continued support as Chief Mentor and welcome Sudarshan into his new role with full confidence." Sir Ralf Speth added, "It has been an honour to steer TVS Motor as Chairman. I'm grateful for the partnerships and friendships formed. As I hand over to Sudarshan, I am confident that under his dynamic leadership, the Company will continue to thrive while upholding its core values." Accepting the new role, Sudarshan Venu said, "I am honoured by the Board's trust. TVS is built on a foundation of customer-centricity, quality, and innovation. As we look ahead, we must embrace transformation, explore global opportunities, and reimagine the future. I am grateful to Sir Ralf for his mentorship and look forward to building on the company's legacy with the passionate TVS team." The leadership change signals a strong future-focused direction for the company as it seeks to accelerate innovation and global growth.
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Business Standard
5 days ago
- Automotive
- Business Standard
Sudarshan Venu to take over as TVS Motor Chairman and MD in August 2025
It is son-rise time at TVS Motor Company, as it shines in the electric vehicle space for the first time through iQube. On Thursday, the company announced that its board of directors had unanimously named Sudarshan Venu as the incoming Chairman of the company. The move is in recognition of his exemplary contributions to the company's sustained growth and strategic development during his tenure as Director, it said. He will take charge as the Chairman and Managing Director from 25 August 2025. This follows a succession plan drawn up by the Venu Srinivasan family of the TVS Group recently. In March 2024, Venu Srinivasan had announced that his family members—wife Mallika Srinivasan, son Sudarshan Venu, and daughter Lakshmi—had executed a memorandum of understanding (MoU) to avoid competition among themselves. As part of this, Sudarshan will continue to lead TVS Holdings and its subsidiary companies—TVS Motor, TVS Credit Services, Home Credit India, and TVS Emerald. Lakshmi will succeed Mallika Srinivasan in TAFE and lead Sundaram Clayton Ltd. TVS Motor's current Chairman, Ralf Speth, has informed the board that he will not be seeking reappointment as a company Director at the upcoming Annual General Meeting (AGM). Consequently, he will step down as Chairman of the company at the close of the AGM on 22 August 2025. The board will also be appointing Ralf Speth as Chief Mentor of the company for a period of three years, effective 23 August 2025, ensuring continued benefit from his extensive knowledge, experience, and expertise. 'I express my sincere gratitude to Ralf for his exceptional leadership as Chairman over the last three years. His contributions have been invaluable in guiding our strategic expansion into global markets and fostering innovation that has significantly strengthened our industry standing. We are grateful for his continued support as Chief Mentor for TVS Motor and in welcoming Sudarshan into his new role,' said Venu Srinivasan, Chairman Emeritus, TVS Motor Company. 'I am confident that Sudarshan, who in his capacity as Managing Director has demonstrated tremendous growth for the business, will take the company to even greater heights,' he added. 'As I hand over the Chairmanship to Sudarshan, I am confident that under his leadership, the company will continue its growth journey while championing core TVS values. Sudarshan's dynamism and passion underscore his vision for the business, and I am confident that TVS is in safe, responsible hands. I wish Sudarshan and TVS Motor a bright future ahead,' said Speth. 'I am really honoured and excited for the future and look forward to their continued support. TVS has been built on our Chairman Emeritus's commitment to customer centricity, quality, and technology. As we look to the future, we have to build on these values while capitalising on new opportunities and reimagining for the future. I am most grateful to him for his continued guidance,' said Sudarshan.
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.
