TVS Group is an Indian

Indian

Indian may refer to:On the Indian subcontinent:*Indian cuisine**Anglo-Indian cuisine* Indian people* A person belonging to one of the ethnic groups of India or South Asian ethnic groups * Languages of India...

 diversified industrial conglomerate with its principal headquarters located in Chennai

Chennai

Chennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...

 and Madurai

Madurai

Madurai is the third largest city in the Indian state of Tamil Nadu and one of the oldest continuously inhabited cities in the world. It served as the capital city of the Pandyan Kingdom. It is the administrative headquarters of Madurai District and is famous for its temples built by Pandyan and...

. Almost all holdings of the group are private. The largest and the most visible subsidiary is TVS Motors

TVS Motors

TVS Motor Company is the third largest two-wheeler manufacturer in India.It is the flagship company of the parent TVS Group employing over 40,000 people with an estimated 15 million customers. It manufactures motorcycles, scooters, mopeds and auto rickshaws...

, one of the top two-wheeler manufacturers in India.

History

From its humble beginnings at the turn of the 20th century, the TVS Group has grown to become the largest manufacturer and distributor of auto components in India. TV Sundaram Iyengar and Sons is the holding company

Holding company

A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 of the TVS Group; the founder was T. V. Sundaram Iyengar

T. V. Sundaram Iyengar

T. V. Sundaram Iyengar Thirukurungudi Venkagaruswamy, was an industrialist, the founder of TV Sundaram Iyengar and Sons group of companies, one of India's largest industrial conglomerates. With his humble beginning as a lawyer, he grew into one of the most successful industrialists of his time....

.

Notable companies in the group

TVS Motors

TVS Motors

TVS Motor Company is the third largest two-wheeler manufacturer in India.It is the flagship company of the parent TVS Group employing over 40,000 people with an estimated 15 million customers. It manufactures motorcycles, scooters, mopeds and auto rickshaws...

: The flagship company. It was started as a JV between Sundaram Clayton, a group company, and Suzuki Motors

Suzuki

is a Japanese multinational corporation headquartered in Hamamatsu, Japan that specializes in manufacturing compact automobiles and 4x4 vehicles, a full range of motorcycles, all-terrain vehicles , outboard marine engines, wheelchairs and a variety of other small internal combustion engines...

, Japan. Subsequently the partners went their separate ways. Revenue was approximately USD1 billion in 2006-2007. Headed by Venu Srinivasan

Venu Srinivasan

Venu Srinivasan is an Indian industrialist; the Chairman and Managing Director of Sundaram Clayton Ltd and TVS Motor Company, the third largest two wheeler manufacturer in India. He also served as the President of Confederation of Indian Industry for the year 2009-10...

.

ZF Electronics TVS

ZF Electronics TVS

ZF Electronics TVS Private Limited Formerly named as TVS Cherry Private Limited is a joint venture between TVS Group, India and ZF Electronics Corporation, USA ,a group company of ZF Friedrichshafen AG, Germany to manufacture precision snap action switches, sensors and electromechanical...

 (India) Private Limited : (Formerly TVS Cherry Private Limited) The company manufactures precision snap action switches, sensors and electromechanical assemblies in India.

Sundram Fasteners: The company is the leading player in the industrial fasteners space in India.

TVS Infotech (TVSi): TVSi is an Enterprise Solutions provider for industries like Manufacturing, Automotive, Trading & Distribution and Engineering & Construction.

Sundaram Finance: The financial services arm of the group was established in 1954. It owns majority or substantial stakes in Royal Sundaram Alliance General Insurance Company, Sundaram BNP Paribas

BNP Paribas

BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...

 Mutual Fund and Sundaram BNP Home Finance Limited. It also has subsidiaries for the distribution of financial products, BPO and IT related fields. It has revenues of approx. Rs.600 crores in 2006-2007 with a workforce more than 2000. It is headed by T.T.Srinivasaraghavan.

Wheels India: The company manufacturers automotive wheels and air suspension

Air suspension

Air suspension is a type of vehicle suspension powered by an engine driven or electric air pump or compressor. This pump pressurizes the air, using compressed air as a spring. Air suspension replaces conventional steel springs. If the engine is left off for an extended period, the car will settle...

 in collaboration with Titan Plc, UK. It had revenues 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. It is headed by S.Ram. It had revenues 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. It is headed by S.Viji. It had revenues in excess of Rs.1000 crores in 2006-2007.

Turbo Energy Limited: Manufactures turbo chargers for diesel engine

Diesel engine

A diesel engine is an internal combustion engine that uses the heat of compression to initiate ignition to burn the fuel, which is injected into the combustion chamber...

s in collaboration with BorgWarner

BorgWarner

BorgWarner Inc. is a United States-based worldwide automotive industry components and parts supplier. It is primarily known for its powertrain products, which include manual and automatic transmissions and transmission components, , turbochargers, engine valve timing system...

Turbo Systems, U.S.A. at its manufacturing facilities located at Pulivalam, around 100 km from Chennai.

• Anusha Investments Limited, Chennai
• Holding company : Sundaram-Clayton Limited, Chennai
• Ultimate Holding Company : T V Sundaram Iyengar & Sons Limited, Madurai
• Fellow subsidiaries : TVS Motor Company Limited, Chennai
• Sundaram Auto Components Limited, Chennai
• TVS Motor (Singapore) Pte. Limited, Singapore
• TVS Motor Company (Europe) B V, Amsterdam
• PT.TVS Motor Company Indonesia, Indonesia
• TVS Energy Limited, Chennai
• TVS Investments Limited, Chennai
• TVS Electronics Limited, Chennai
• Tumkur Property Holdings Limited, Chennai
• Prime Property Holdings Limited, Chennai
• TVS-E Access (India) Limited, Chennai
• TVS-E Servicetec Limited, Chennai
• TVS Capital Funds Limited, Chennai
• Sravanaa Properties Limited, Chennai
• Southern Roadways Limited, Madurai
• Sundaram Industries Limited, Madurai
• The Associated Auto Parts Limited, Mumbai
• TVS Interconnect Systems Limited, Madurai
• TVS Logistics Services Limited, Madurai
• Lucas-TVS Limited, Chennai
• Sundaram Textiles Limited, Madurai
• NSM Holdings Limited, Madurai
• TVSNet Technologies Limited, Madurai
• TOR Projects & Services Limited, Madurai
• NK Telecom Products Limited, Madurai
• NK Telesystems Limited, Madurai
• TVS Automotive Europe Liimted, UK
• TVS CJ Components Limited, UK
• TVS Logistics Iberia S.L., Spain
• TVS Logistics Siam Limited, Thailand
• TVS Autoserv GmbH, Germany
• TVS Logistics Investment UK Limited, UK
• YeleStre Holdings Limited, UK
• Multipart (Holdings) Limited, UK
• Multipart Solutions Limited, UK
• IH Crick Property Co Limited, UK
• Msys Software Solutions Limited, UK
• Globe Dynamics Limited, UK
• Globe Transport Products Limited, UK
• TVS Dynamic Global Freight Services Limited, Chennai
• TVS Commutation Solutions Limited, Madurai
• Lucas Indian Service Limited, Chennai
• TVS Automotive Systems Limited, Chennai
• Iranian Automotive Systems, Iran
• Associate company : Sundram Non-Conventional Energy Systems Limited, Chennai

Management

Management of almost all companies is by family members. Most of the group companies maintain a low profile and follow a conservative management style.