(…) In some ways, the TVS Group is not so much a group of companies as it is a group of groups run by brothers and cousins.
For instance, Venu Srinivasan runs Sundaram Clayton, which is the holding firm for TVS Motor Co. Ltd, which, in turn, is the parent of a clutch of subsidiaries.
And Suresh Krishna runs Sundram Fasteners, which also has a bunch of subsidiaries.
Yet, even a casual perusal of the large companies will indicate the extent of cross-holdings with TV Sundram Iyengar and Sons Ltd (the holding company of the group), Sundaram Industries Ltd and Southern Roadways Ltd being large shareholders in most. Despite this, the members of the family have managed to carve out their own domains and if there is any discord, they have managed to keep it private.
Together, the brothers and cousins run a group that makes two-wheelers, nuts, bolts, brakes, fasteners and tyres; distributes trucks and cars; and which has also diversified into logistics and financial services. Of these, auto components alone contributes around half the group’s revenue. (…)
via TVS Group | Fourth-generation ambitions – Corporate News – livemint.com.