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TVS Holdings

From Wikipedia, the free encyclopedia

TVS Holdings Ltd[1]
FormerlySundaram-Clayton Ltd[1]
Company typePublic
IndustryAuto Ancillaries
Founded1962; 62 years ago (1962)
FounderT. S. Srinivasan
Headquarters
Chennai, Tamil Nadu
,
India
Key people
ParentTVS Group
DivisionsFoundry and Machining
SubsidiariesTVS Motor Company (50.26%)[1]
Websitewww.tvsholdings.com

TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd,[1] is an Indian automotive components company, based in Chennai. Part of the TVS Group, it makes aluminium and magnesium castings for the automotive industry.[4][5] It was the flagship company of the TVS Group before being overtaken by its subsidiary TVS Motor Company.[6]

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.[1]

In May 2024, TVS Holdings acquired Home Credit India with 80.74% equity stake.[7]

References

  1. ^ a b c d e "Sundaram Clayton renamed TVS Holdings Ltd". The Hindu. 19 July 2023. Retrieved 11 April 2024.
  2. ^ "Sundaram-Clayton proposes to reorganise and segregate its business". The Hindu. 6 June 2022. Retrieved 15 March 2023.
  3. ^ "Lakshmi Venu takes over as managing director of Sundaram-Clayton with immediate effect". CNBC TV18. 6 May 2022. Retrieved 15 March 2023.
  4. ^ "TVS Group's Sundaram Clayton embarks on internal rejig to unlock value". Moneycontrol. Retrieved 15 March 2023.
  5. ^ Chandrashekhar, Anandi (11 October 2018). "Sundaram-Clayton inaugurates new foundry in Chennai to expand capacity". The Economic Times. Retrieved 15 March 2023.
  6. ^ "R Gopalan Appointed as Chairman of the Board of Sundaram-Clayton Limited". Rashtranews.com. 10 February 2022. Retrieved 18 February 2022.
  7. ^ Pal, Priyasi. "TVS Holdings Makes Big Move in Consumer Finance with Home Credit India Acquisition". Bru Times News.
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This page was last edited on 14 May 2024, at 06:19
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