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TVS group board of directors give their nod for 'family arrangement'


The board of directors of the $8.5 billion TVS Group s holding companies have approved the so-called memorandum of family arrangement (MFA) between various members of the TVS family.
Present shareholders of the holding companies primarily consist of third and fourth generation family members of TVS Group founder T V Sundaram Iyengar. The group currently has over 50 companies that have been traditionally managed by members of different branches of the TVS family. Over the time, various members of the TVS family felt that the ownership of shares in various businesses should align with the management of respective businesses.
The arrangement according to the MFA is envisioned to bring about amity and maintain goodwill among members of the TVS family. Family members said this will preserve memories of TV Sundaram Iyengar. ....

Tv Sundaram Iyengar , Sundaram Iyengar , Venu Srinivasan , Sundaram Clayton , Holdings Pvt Ltd , Sundaram Industries Private Limited , Holdings Private , Tv Sundram Iyengar Sons Private Limited , Sons Private Limited , Southern Roadways Private Limited , Sundram Fasteners , Sundaram Finance , Holdings Private Limited , தொலைக்காட்சி சுந்தரம் ஐயங்கார் , சுந்தரம் ஐயங்கார் , வேணு ஸ்ரீநிவாசன் , சுந்தரம் களிமண் , ஹோல்டிங்ஸ் பிரைவேட் லிமிடெட் , சுந்தரம் தொழில்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , ஹோல்டிங்ஸ் ப்ரைவேட் , தொலைக்காட்சி சுன்றாம் ஐயங்கார் மகன்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , மகன்கள் ப்ரைவேட் வரையறுக்கப்பட்டவை , தெற்கு சாலைகள் ப்ரைவேட் வரையறுக்கப்பட்டவை , சுன்றாம் ஃபாஸ்டென்சர்கள் , சுந்தரம் நிதி , ஹோல்டிங்ஸ் ப்ரைவேட் வரையறுக்கப்பட்டவை ,

Senior TVS family members to file composite amalgamation scheme with NCLT


After executing the memorandum of family arrangement (MFA) in Dece­mber, members of the $8.5-billion TVS group have decided to implement the family arrangement, inter alia, thro­ugh a composite scheme of amalgamation and arrangement to be filed with the National Company Law Tribunal (NCLT).
On December 10, 2020, an MFA was executed among various mem­bers of the TVS family who are shareholders of T V Sundram Iyengar & Sons (TVSS), Sundaram Industries (SIPL) and Southern Roadways (SRW). The three firms are collectively refer­red to as the TVS holding companies.
According to sources in the group, pursuant to the MFA, senior members of the TVS family were nominated to deliberate on the implementation of the family arrangement. ....

United States , Tamil Nadu , Tv Sundaram Iyengar , Suresh Krishna , Venu Srinivasan , Shobhana Ramachandran , Sundaram Clayton , University Of California , Sundaram Industries , Holding Companies , National Company Law Tribunal , Sundaram Industries Private Limited , Tv Sundram Iyengar Sons Private Limited , Family Arrangement , National Company Law , Sons Private Limited , Southern Roadways Private Limited , Pine Labs , Sundram Fasteners , Sundaram Finance , Southern Roadways , ஒன்றுபட்டது மாநிலங்களில் , தமிழ் நாடு , தொலைக்காட்சி சுந்தரம் ஐயங்கார் , சுரேஷ் கிருஷ்ணா , வேணு ஸ்ரீநிவாசன் ,

TVS Group's Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses


TVS Group s Ownership Structure Rejig Is an Important Lesson for Family-Run Businesses
In an expanded family-run corporate empire, relationship management becomes an onerous task in itself.
A model sits on a scooter at the TVS Motor company s pavilion during the Indian Auto Expo in Greater Noida, on the outskirts of New Delhi, February 6, 2014. Photo: Reuters/Adnan Abidi/File Photo
Business11/Dec/2020
In a significant step forward, the family behind the TVS Group has come together to put in place a mechanism that will help ensure that the ownership of shares in a group firm rests with the management that runs it. ....

Jammu And Kashmir , Tv Sundaram Iyengar , Suresh Krishna , Gopal Srinivasan , Venu Srinivasan , Valli Arunachalam , Tv Sundram Iyengar Sons Private , Sundaram Industries Private , Murugappa Group , India Inc , That Suresh Krishna , Sundaram Finance , Wheels India , Sundaram Homes , Sundram Fasteners , Sundram Brake Linings , Sons Private Limited , Sundaram Industries Private Limited , Southern Roadways Private , ஜம்மு மற்றும் காஷ்மீர் , தொலைக்காட்சி சுந்தரம் ஐயங்கார் , சுரேஷ் கிருஷ்ணா , கோபால் ஸ்ரீநிவாசன் , வேணு ஸ்ரீநிவாசன் , வள்ளி அருணாசலம் , தொலைக்காட்சி சுன்றாம் ஐயங்கார் மகன்கள் ப்ரைவேட் ,