Inside the TVS family dispute: How a business restructuring left Lakshmi with the smaller business
Before a 2024 family agreement on brands and management control, a series of changes separated TVS Motor’s stake from Sundaram-Clayton, the auto parts company Lakshmi Venu led. Brother Sudarshan Venu now heads the holding company that controls TVS Motor and lending businesses.
The restructuring, over a series of decisions that started in 2022, shifted a valuable TVS Motor stake out of the business Lakshmi ran, leaving the siblings with very different assets and growth trajectories. Sundaram-Clayton, then led by Lakshmi, ow... [8935 chars]
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