They will slowly sell TVS Holdings and Sundaram Clayton and invest in current holdings or new biz. It is more like cash sitting on books. As those companies have gone to Srinivasan.
TSF group key businesses are
Sundaram FInance
Auto ancillaries –
Held partially through SFHL and partially directly. SFHL remains the driver holding company for this biz. They issued right share to increase holding in Brakes India when ZF had to exit. This gives me confidence that this is best auto ancillary play in India.
Brakes India is huge with billion dollar revenue.
Turbo energy is a JV with BorgWarner @babu44b Where did you get info about their EV plans. My understanding is that BorgWarner is pursuing that on their own. But this business is still in growth mode in India.
This pic gives out which family group controls what. Some amount of cross holding still exists.
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