TVS Group Companies was born in 1911, thanks to the ambitious dreams of the founding father, T V Sundaram Iyengar, who refused to settle managing smaller businesses like bus fleet operations or vehicle servicing.
He wanted to build a business that would create a family of like-minded individuals pursuing only the best in quality and standards. And he made his dreams a reality.
- Total Group Revenue: Rs 59400 Cr
- Number of Companies under TVS Group: More than 90 Companies
The success of the TVS group is rooted in their founder’s personal belief system – a commitment to the values of trust and customer service. Although the company is named after the founder, the letters TVS have always stood for Trust, Value, and Service within the company.
This remains the guiding, overarching philosophy by which the group functions. It was only natural that success and market leadership followed.
Today, the TVS Group is one of India’s leading suppliers of automotive components, with over 90 Companies under its umbrella and a revenue of around INR. 59400 Cr in 2017-18. The first four companies in India to have won the coveted Deming Prize are from the TVS Group.
List of Companies Owned by TVS Group
So List of Main Companies from TVS Group.
1. TVS Motors
TVS Motor Company – The third largest 2-wheeler manufacturer in India. TVS Motor Company is the third largest 2-wheeler company in India with a revenue of over ₹18,217 crore (over US$2.9 billion).
TVS Motor has footprints globally, including geographies like Middle East, Africa, SE Asia, Indian subcontinent, Latin & Central America.
- Total Sales: ₹18,217 crore (over US$2.9 billion)
- Annual Production Capacity: over 4.95 million vehicles
It has an annual sale of more than 3 million units and an annual capacity of over 4.95 million vehicles. TVS Motor is also the 2nd largest exporter in India with exports to over 60 Countries. A member of the TVS Group, it is the largest company of the group in terms of size and turnover.
TVS Motor manufactures the largest range of 2-wheelers, starting from mopeds, to scooters, commuter motorcycles, to racing inspired bikes like the Apache series and the RR310.
The company has four manufacturing plants, three located in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh) and one in Indonesia at Karawang.
2. TVS Srichakra Ltd
TVS Srichakra Ltd. One of the largest manufacturer of Motorcycle, scooter and Moped tyres producing 2.7 Million Tyres and tubes per month. Enjoys a lions share of business from all OEMS.
The other product range includes OFF HIGH WAY Tyres for Industrial, Farm, agriculture impliments, Tractors, Construction and OTR Tyres. Exports to USA, Europe, Latin America, Australasia and Middle East.
- Total Sales: Rs 2,431 Cr
- Market Cap: ₹ 1,203 Cr.
- Dividend Yield: 1.28 %
- ROCE: 11.3 %
- ROE: 11.2 %
- Face Value₹ 10.0
- Promoter holding: 45.4 %
- Debt to equity: 0.30
TVS Srichakra is a member of TVS group, the largest auto ancillary group in India. TVS Srichakra, the no. 1 in Motorcycle tyres, is a leading manufacturer of Tyres and Tubes for Two & Three Wheelers in India and has a large programme of Off-the road tyres for the Export and Domestic Market.
TVS Srichakra has a large share with the vehicle manufacturers, which include Bajaj Auto, Hero MotoCorp, Honda Motors, TVS Motors, India Yamaha Motors, etc.
TVS Srichakra has a significant presence in the After Market business across the country and has carved out a fine reputation in service and support to the Dealers, Mechanics and Consumers.
3. TVS Electronics Ltd
TVS Electronics (TVS-E), was founded in 1986 as an IT Peripherals manufacturer and has today transformed into a leading Transaction Automation IT Products & Solution provider.
The Company live the concepts of TRUST, VALUE and SERVICE in everything do as guiding philosophy. The Company philosophy is that business is built on relationships and not just on delivery of a product or service at a cost effective price.
- Total Sales: Rs 4,107 Cr
- Market Cap: ₹ 187 Cr.
- Dividend Yield: 1.50 %
- ROCE: 6.05 %
- Face Value: ₹ 10.0
- Promoter holding: 59.8 %
- Debt to equity: 0.15
This is demonstrated by the long-standing, close relationship that has been established with large, institutional as well as small, retail customers & business partners across India.
4. Axles India Limited
Axles India is a joint venture of Wheels India, Sundaram Finance and Dana Holding Corporation, USA. Axles India has the capability to provide Axle Housings for the entire range of Medium and Heavy Commercial Vehicles.
Started in 1983, the production of pressed Axle Housings is at an annual level of 280,000 pressed Axle housings with 30% to export market, manufactured in plants at Sriperumbudur and Cheyyar.
5. Brakes India Limited
Brakes India was incorporated in 1962 as a joint venture between TV Sundram Iyengar and Sons Ltd., and Lucas Industries Ltd., UK (Subsidiary of TRW Inc. USA) to manufacture braking equipment for automotive and non-automotive applications.
It caters to over 60% of the domestic OEM market besides exporting its products to over 35 countries worldwide.
6. Delphi-TVS
Delphi-TVS is a joint venture between Delphi Corporation, USA and T.V. Sundram Iyengar & Sons, India manufacturing Diesel Fuel Injection Equipment for Cars, Sports Utility and Multi Utility Vehicles, Light Commercial Vehicles, Tractors, Single and Two Cylinder engines.
Delphi is the largest automotive supplier in the world and TVS is the largest automotive systems supplier in India.
7. India Japan Lighting Pvt. Ltd
India Japan Lighting Pvt. Ltd. Was incorporated in December 1996, a 50:50 joint venture between Lucas-TVS Limited, Chennai, and Koito Manufacturing Company Limited, Japan. The company manufactures headlamp and rear combination lamps and various other signal lamps for automotive application.
The company has introduced state-of-the-art clear plastic lens, multi-focal reflector headlamp with auto leveling mechanism and clear lens rear combination lamps. All products of IJL are designed to meet international levels of quality.
The Company has 2 manufacturing plant, first plant is in Puduchatram Village, Thiruvellore, near Chennai. And the second plant is at Bawal, Haryana. Apart from these 2 manufacturing plants, there is an assembly unit in Hinjewadi, Pune.
8. India Motor Parts and Accessories Limited
India Motor Parts and Accessories Limited, incorporated in 1954 for distribution of automobile spare parts, accessories and garage equipment manufactured by General Motors, USA. Due to subsequent restrictions on imports, the Company commenced distribution of indigenously manufactured components and is now one of the largest of its kind in India.
- Total Sales: Rs 519 Cr
- Market Cap: ₹ 659 Cr.
- Dividend Yield: 1.89 %
- ROE: 3.79 %
- Face Value: ₹ 10.0
- Promoter holding: 30.7 %
- Debt to equity: 0.00
The Company markets automobile components manufactured by the TVS Group, as well as those of other leading automobile ancillary manufactures throughout the country.
The Company today has a total of 51 Branches within the country. Among these 13 Branches are in the South, 16 in the North, 12 in the East and 10 in the West.
9. India Nippon Electricals Limited
India Nippon Electricals Limited, a joint venture between Lucas Indian Service and Kokusan Denki of Japan was established in 1985 as a manufacturer of Electronic Ignition Systems for two wheelers, three wheelers and General Purpose Engines.
- Total Sales: Rs 525 Cr
- Market Cap: ₹ 774 Cr.
- Dividend Yield: 1.97 %
- ROCE: 14.6 %
- ROE: 11.1 %
- Face Value: ₹ 5.00
- Promoter holding: 66.4 %
- Debt to equity: 0.01
The Company products are fitted as OE on vehicles / Engines manufactured by TVS Motor Company, Hero Moto Corp, Honda Motorcycles and Scooters India, Mahindra 2 Wheelers, India Yamaha Motor and Greaves Cotton, Lombardini India, Piaggio Vehicles others apart from portable generator sets of Honda Siel Power Products and Birla Power Solutions.
The Company products are also used by global manufacturers such as Kawasaki Heavy Industries Japan, Kohler USA, Lombardini Italy, Modenas Malaysia, Ramzey Turkey, Tomos Slovenia, Yanmar Italy in addition to Kokusan Denki Japan.
10. Irizar-TVS Limited
Irizar-TVS Limited is a joint venture between three equal partners, T V Sundram Iyengar & Sons Limited, Ashok Leyland Limited and Irizar S.Coop. of Spain. The company was incorporated in the year 2001.
The manufacturing facilities are located in Viralimalai and Pudukkottai. Irizar S Coop., Spain, is an established body builder of International repute and part of Mondragon Corporation Cooperative (MCC) group.
In line with the growth in demand for better passenger comfort in bus bodies, Irizar provides technology for manufacture of contemporary bus bodies. Irizar luxury coaches operate in 80 countries around the world in compliance with safety and homologation standards of different countries.
11. Lucas-TVS
Lucas-TVS is the market leader in India for Auto Electrical equipment and has 50 years of experience in design and manufacturing these products.
The Company product range includes Starter Motors, Alternators, Wiping systems, Ignition Systems, Fan Motors, Small Motors and Automotive Filters. We are the principal supplier of these products to India’s OEM’s in the Automotive sector.
12. Lucas-TVS Limited
Lucas-TVS is the market leader in India for Auto Electrical equipment and has 50 years of experience in design and manufacturing these products.
The Company product range includes Starter Motors, Alternators, Wiping systems, Ignition Systems, Fan Motors, Small Motors and Automotive Filters. The Company is the principal supplier of these products to India’s OEM’s in the Automotive sector.
13. Lucas Indian Service Limited
Lucas Indian Service (LIS) established in 1930, is a specialist organization in sales and service of “Lucas-TVS” auto electrical and “Delphi-TVS” diesel fuel injection equipment. LIS also manufactures automotive products like ignition coils and solenoid switches in Chennai which are marketed under the brand name “Lucas”.
LIS distributes “LISPART” range of auto parts and “Lucas” range of automotive batteries through tie-ups with leading manufacturers.
Other products in its portfolio include Indrad Radiator Fan Motor Assemblies, “BERU” glow plugs, Synthetic & Semi Synthetic Lubricants & “ICOOL” Engine Coolants. Besides manufacturing, sales and distribution, LIS offers servicing and training in auto electrical and diesel fuel injection equipment.
14. Manufacturers Equipment and Supply Company (MESCO)
Since 1945, MESCO has been one of North America’s leading industrial supply and logistics companies.
Headquartered in Flint, Michigan, MESCO provides quality materials and progressive solutions needed for making products, operating facilities and maintaining equipment.
For more than 60 years, MESCO has served as a trusted distributor of general industrial supplies. Today, MESCO supports hundreds of customers and regularly ships products to nearly every continent of the World.
15. Southern Roadways Limited
Established in 1946, Southern Roadways started as a road transport and parcel service company. The Passenger Transport Division was nationalized by the Tamil Nadu Government in 1972.
Southern Roadways now runs a Parcel Service with a fleet of 264 trucks operated on a fixed schedule of timings on specific routes, cover over 60,000 kms a day. Operation covers the states of Tamil Nadu, Karnataka, Andhra Pradesh, Kerala and Pondicherry.
16. Sundaram Auto Components Limited – Plastics Division
Sundaram Auto Components Ltd, (SACL) Plastics division was established is 1988. Over the years, it has diversified into automotive, electrical and appliances industry along the way proving itself as a total solution provider in plastics.
Three state-of-the-art manufacturing facilities at strategic locations with in-house mold manufacturing & painting and driven by highly qualified team ensures meeting varied customer requirements.
17. Sundaram Auto Components Limited – Rubber Division
Sundaram Auto Component Ltd, Rubber Division was established in 1981. With over two decades of experience in supplying critical components to automotive & electrical appliance industries, it has established itself as a preferred supplier to various OEMs around the world.
The manufacturing facility is equipped with a compounding setup supported by NABL accredited laboratory, braiding machine, injection molding, vacuum compression molding machines extruders & in-house testing facilities.
18. Sundaram Brake Linings Limited
Sundaram Brake Linings (SBL) with its leading edge technology is a pioneer in the manufacture of asbestos free friction materials in India and is also the first Indian friction material company to become 100% asbestos free.
With 5 manufacturing locations strategically located near major ports making it easy for exporting to over 60 countries worldwide. SBL also has a strong presence in the domestic OEM and Aftermarket.
19. Sundaram Dynacast Private Limited
Sundaram Dynacast was incorporated in 1993 as a joint venture between Dynacast Holdings Ltd, UK and Brakes India and Sundaram Finance of the TVS Group.
Dynacast is Pioneer in manufacturing precision die casting parts and have manufacturing units presently in many countries around the world.
The company manufacture precision zinc alloy die cast components using Multi-slide Dynacast Technology in hot chamber machines and Vacuum assisted Aluminium pressure die cast components in cold chamber machines at its Chennai plant.
It caters to the requirements of Automotive, Electrical, Electronic, Clock, Connectors, Bicycle and Furniture Industries.
20. Sundram Fasteners Limited
Established in 1966, Sundaram Fasteners limited (SFL) is today the largest manufacturer and exporter of high tensile fasteners.
The product range includes High tensile fasteners, Powder metal parts, Cold extruded parts, Iron powder, Radiator caps, Gear shifters, water, Oil & Fuel pumps, Rocker Lever assemblies, Cam followers, Valve tappets, Rocker Shafts, Bearing Housing Belt Tensioners and Ferrous, Non-ferrous components and assemblies.
The first Indian company to get the ISO 9000 certification, today all the divisions’ of SFL are certified for ISO/TS 16949 and ISO 14000.
21. Sundaram Industries Limited – Rubber Division
Sundaram Industries Limited incorporated in the year 1943 has grown as a leader in the manufacture of Rubber Products for Automotive and Industrial applications.
TVS Rubber, the rubber division of Sundaram Industries Limited manufactures Molded Rubber Products for Vehicle Manufacturers, System Manufacturers and various other industries which includes Defense, Electrical, Electronic, Mining, Thermal, White Goods etc.
TVS Rubber is a global player in Rubber products, serving the OEM and Aftermarket in USA, Europe and other countries on JIT basis.
22. Sundaram Industries Limited – Tyre Solutions Division
TVS TREAD is the pioneer for retreading in India and started the first retreading unit way back in 1943. TVS TREAD is the only Company which has capability to retread all sizes of tyres – Auto / Scooter, Car / Jeep, Mini Truck / Van, Commercial Bus / Truck, as well as large size Off the Road Tyres.
TVS TREAD has established efficient inspection system for casings and for quality retreading processes in such a way that each tyre is inspected and processed to give the optimum performance for every retread and to ensure MULTIPLE RETREADS of the same casing.
Competent inspection, quality repairs and retreading processes from TVS ensure multiple retreading of the same casing. This, in turn, will benefit the customer by way of lowest Cost Per Km. and optimum life from each tyre.
23. Sundaram Textiles Limited
Sundaram Textiles was formed in 1960 to manufacture 100% Cotton and Blended yarn. It has two units, one at Nanungeri in Tirunelveli district and another unit at Therkutheru in Madurai District.
The unit has 53424 spindles out of this 12,000 spindles are Elite compact. The unit is exporting yarn to many countries in Latin America, Europe, Middle East, Far East and Asian Countries.
24. Sundaram-Clayton Limited
Sundaram Clayton Limited (SCL), one of the largest auto components manufacturing and distribution group in India is also a leading supplier of aluminium die castings to automotive and non-automotive sector.
Since commencing operation in 1962, it has achieved many milestones and emerged as one of the preferred solution provider in machined and sub-assembled aluminium castings.
SCL contribution commences from early design stage to development and supply of finished product. Over the years, we have built strategic partnership with global OE / Tier one.
25. Turbo Energy Limited
Turbo Energy Ltd (TEL) was incorporated in 1982. It is a technical and financial joint venture company between Borg Warner Turbo Systems (BWTS) and TVS group, India (Brakes India Ltd and Sundaram Finance Ltd) to manufacture Turbochargers for internal combustion engines.
BWTS is a world-renowned manufacture of Turbochargers for Automotive, Industrial and Marine applications.
The manufacturing plant of TEL are located at Pulivalam & Paiyanur in Tamilnadu and Rudrapur in Uttarakhand, India, with a facilities to manufacture a wide range of Turbochargers for engine applications in passenger cars, commercial vehicles, off-highway vehicles and industrial engines.
26. TVS America Inc
TVS America is a 49:51 joint venture between TVS Logistics Services Ltd. and Global Rush based in Michigan, USA. TVS America commenced operations in August 2007 by providing ‘end-to-end solutions.’ Currently, TVS America provides warehouse and logistics support in Charleston SL, Hampton VA, Rock Island IL.
27. TVS Auto Bangladesh
TVS Auto Bangladesh Ltd is a Joint venture between TVS & Sons Ltd and Rian Motors of Bangladesh. TVS Auto Bangladesh is the authorized Assembler & Distributor of TVS range of Two Wheelers & Three Wheelers. TVS Auto Bangladesh is one of the largest players in Bangladesh in Two & Three Wheeler market.
28. TVS Automobile Solutions Private Limited
TVS Automobile Solutions Private Limited is one of India’s largest players in automobile aftermarket business with innovative business models. It aims at providing innovative, technology based global delivery model helping manufacturers connect with customers, garages and retailers directly.
29. TVS Automotive Europe Limited
TVS Automotive Europe, a subsidiary of TVS Logistics Services Limited is a UK registered company provides “end to end solutions” on Market Strategy, Business Development, Technical Support, Project management, Logistic Support & Quality Support for Indian & other Asian suppliers to do business with UK Customers.
It is also the parent company for all European Joint Ventures.
30. TVS Automotive Private Limited
TVS Automotives, a subsidiary of TVS Lanka Pvt Ltd is engaged in the business of distribution of Tyres and Lubes. Within a short span of three years, the company has created a significant brand presence for the suppliers in Sri Lanka.
31. TVS AutoServ
TVS AutoServ is a 51:49 joint venture between TVS Automotive Europe and AutoServ of Germany with marketing office in Germany, providing end-to-end solutions for all sourcing / supply chain requirements of European customers with value added services like quality audits, inspection, logistics support and warehouse facility to customers.
32. TVS Credit Services Limited
TVS Credit Services is a RBI recognized Non-Deposit taking Non-Banking Finance Company. TVS Credit Services offer financing services for two wheelers manufactured by TVS Motor Company Limited through attractive financing schemes and easy payment options.
Its services are available through 2500 TVS Motors dealerships and 29+ branch offices throughout the country servicing all financial requirements of two wheeler customers. The Company is the financier of choice for TVS Motors customers with great presence in the rural heartland of India.
33. TVS Dynamic Global Freight Services Limited
TVS Dynamic Global Freight Services is a joint venture between TVS Logistics Services Limited and Dynamic Freight Forwarders, both companies started operations in 1995.
Dynamic Global Freight Services having over 15 years of experience in supply chain logistics, handling substantial volume of sea freight and sizeable air freight business.
34. TVS Infrastructure Limited
TVS Infrastructure Limited (TVSI), incorporated in June 2007, is part of the TVS Group which is India’s leading supplier of automotive components and one of the country’s most respected business groups.
TVSI was set up to supplement the TVS group’s focus on creating a strong supply chain management system and provide core industrial infrastructure support for manufacturing, distribution & sales.
TVSI is in the business of creating industrial infrastructure facilities by executing turn-key projects taking care of setting up or relocation of infrastructure that is customized to individual customer’s requirements to maintain long-term sustainability as an inherent feature of the industrial space.
35. TVS Interconnect Systems Limited
TVS Interconnect Systems Limited was incorporated in the year 1999 with the mission of offering optimized solutions to the Telecommunications and Enterprise Networking segment.
Today, it has established a name for itself as a reliable partner for delivering and implementing best in class solutions and products in telecom as well as non-telecom industries. In the last few years it has diversified both organically and inorganically.
TVS Lanka Private Limite
TVS Lanka is a Joint Venture between TVS & Sons Ltd and United Motors Lanka Ltd of Sri Lanka. Based in Colombo, TVS Lanka is the authorized Assembler & Distributor for TVS range of Two Wheelers & Three Wheelers.
TVS Lanka is one of the largest players in Sri Lanka in Two & Three Wheeler market.
TVS Logistics Iberia S.L.
TVS Iberia was founded in 2004 as part of the growth strategy of TVS Logistics Services in Europe. Since its foundation, TVS Iberia has focused on delivering value added solutions to the Spanish market in strategic sectors such as Automotive, Industrial, IT, Retail and others.
The vision of TVS Iberia is to become a strategic partner of its customers by delivering 5PL solutions to all their needs.
The Company solutions include a wide range of services such as Material Planning Procurement, Warehousing, Transport and IT Solutions focused on adding value either to the Inbound (Production, MRO) or to the Outbound (Spare Parts, Distribution) processes of our clients/partners.
TVS Sewing Needles Limited
TVS Sewing Needles Limited was established in 1962 as a joint venture with The Singer Co., USA. Production commenced in1964. The initial range included two types of needles manufactured with milled groove technology.
Today, the licensed production capacity is 100 million needles of different types, manufactured with die-press technology. Needles are also exported to United Kingdom and Japan.
T V Sundram Iyengar & Sons Private Limited
T V Sundram Iyengar & Sons Private Limited, established in 1911 is the parent company of the TVS Group and is a leading automobile distribution company in India. It operates through its three divisions namely – TVS, Sundaram Motors and Madras Auto Service.
Being the trading and distribution arm of the group, the business activities of TVS & Sons include Dealerships for automobile vehicles, Construction & Material handling.
The global business operation of the company includes establishing & managing Joint Ventures/ Alliances for automobile distribution / dealership business, sourcing and supply chain related activities. Currently it has its presence in South Africa, Sri Lanka and Bangladesh
TVS Supply Chain Solutions Limited
TVS Supply Chain Solutions Limited is a fast growing 3rd party logistics provider across multiple verticals including Automotive, Distribution, Electronics, and discrete component manufacturing.
TVS Logistics was established in 2004 and provides integrated supply chain solutions across the World either directly or through our joint ventures and subsidiaries. With extensive global footprint and strong expertise in supply chain logistics, the company offer unparalleled levels of customer satisfaction.
Wheels India Limited
Wheels India was set up as a joint venture between TVS and Dunlop, UK in 1960. The company is supplier of wheels as Original Equipment to all major vehicle Manufacturers in the country.
Wheels India entered into collaboration with Titan, the world leader in off-highway vehicle wheels relating to earthmoving, construction and agricultural equipment.