TVS Holdings explained

TVS Holdings Ltd
Former Name:Sundaram-Clayton Ltd
Type:Public
Industry:Auto Ancillaries
Founder:T. S. Srinivasan
Location City:Chennai, Tamil Nadu
Location Country:India
Parent:TVS Group
Divisions:Foundry and Machining
Subsid:TVS Motor Company (50.26%)

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, is an Indian automotive components company, based in Chennai. Part of the TVS Group, it makes aluminium and magnesium castings for the automotive industry.[1] [2] It was the flagship company of the TVS Group before being overtaken by its subsidiary TVS Motor Company.[3]

The company was founded as Sundaram-Clayton Ltd in 1962 in collaboration with Clayton Dewandre Holdings plc, United Kingdom. It was renamed TVS Holdings Ltd in 2023 after the amalgamation of TVS Holdings Pvt Ltd into the company.[4]

In May 2024, TVS Holdings acquired an 80.74% stake in Home Credit India.[5]

Notes and References

  1. News: TVS Group's Sundaram Clayton embarks on internal rejig to unlock value . 15 March 2023 . Moneycontrol . en.
  2. News: Chandrashekhar . Anandi . Sundaram-Clayton inaugurates new foundry in Chennai to expand capacity . 15 March 2023 . The Economic Times . 11 October 2018.
  3. Web site: 2022-02-10. R Gopalan Appointed as Chairman of the Board of Sundaram-Clayton Limited. 2022-02-18. Rashtranews.com. en-US.
  4. News: Sundaram Clayton renamed TVS Holdings Ltd. . 11 April 2024 . The Hindu . 19 July 2023 . en-IN.
  5. News: TVS Holdings to acquire majority stake in Home Credit India for ₹554 crore . 20 August 2024 . Mint.