A look at the TVS Group’s proposed recast of holdings

Story so far: The TVS group has existed for 110 years. Given the various businesses in the group and the interests and priorities in the third and fourth generations of its founder T.V. Sundaram Iyengar, the family has decided to align the ownership of different group companies with the respective arms of the families managing them. A look at the background and some details of the planned structure: The group has primarily three holding companies — T.V. Sundram Iyengar & Sons Ltd. (referred to as TVS & Sons), Sundaram Industries Private Ltd. (SIPL) and Southern Roadways Private Ltd. (SRPL), referred to as TVS Holding Companies.