Company Overview of T V Sundram Iyengar & Sons Ltd.
T V Sundram Iyengar & Sons Ltd. operates as an automobile distribution company in India. The company’s business activities include dealership for automobile vehicles, the distribution of spares for after-market, sales and service support for garage equipment, and sales and service products for off highway applications, such as construction and material handling. It distributes heavy duty commercial vehicles, utility and sports multi-utility vehicles, passenger cars, and construction equipment; and markets spares for trucks and cars, tractors, earthmoving equipment, gensets, and IC engines through a network of dealers. The company’s businesses also include two-wheeler and auto components manu...
7-B West Veli Street
Madurai, 625 001
Founded in 1911
Key Executives for T V Sundram Iyengar & Sons Ltd.
Chief Executive Officer of TVS Europe
President of Operations for Madras Auto Service Division
Compensation as of Fiscal Year 2013.
T V Sundram Iyengar & Sons Ltd. Key Developments
T V Sundram Mulls IPO
Dec 15 12
T V Sundram Iyengar & Sons Ltd. intends to pursue an initial public offering (IPO) to raise INR 1001 billion in 2013. The funds will be sued for working capital needs and to reduce its debt.
TVS Logistics Reportedly To Divest 20% Stake To KKR
Apr 19 12
TVS Logistics Services Ltd. is planning to divest around 20% stake in Kohlberg Kravis Roberts & Co. (KKR) for about $55 million. The funds invested by KKR will be used by TVS Logistics to scale up its supply chain management operations, as it prepares for an IPO, a person with direct knowledge of the matter said. "The money will be used for acquisitions as well as expand to new geographical areas. The company intends to strengthen its footprint in the domestic as well as global market,'' he said. T V Sundram Iyengar & Sons Ltd. will owns a just below 60% stake in TVS Logistics after the deal is concluded. The balance will be split between the three private equity firms. A formal announcement is expected shortly. "I cannot comment on the issue as we are hoping to close the deal shortly. We are aiming to raise about INR 2.75 billion," said TVS Logistics Services MD R Dinesh. KKR India CEO Sanjay Nayar refused comment to Economic Times.
TVS To Seek Acquisitions
Mar 28 12
T V Sundram Iyengar & Sons Ltd. (TVS) has acquired Universal Components UK and has formed TVS Europe Distribution Ltd as a special purpose vehicle for the acquisition. Richard Slee, Chief Executive of TVS Automotive Europe Ltd., said TVS Europe Distribution will consider further acquisitions in Europe in the coming years.
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