TVS Holdings Ltd
NSE: TVSHLTD BSE: 520056
₹11544
-65 (0.56%)
Fri, 23 Oct 2026, 03:58 am
Market Cap (in Cr)23422.38
PE Ratio11.85
Dividend0
Producer Manufacturing
Auto Parts: OEM
24.5KTVS Holdings Ltd Company History
1962
- The company was incorporated on 24th May as a Private Ltd. company.
- The company was converted into a public limited company in October.
- 9,446 shares were allotted to Clayton Dewandre Holdings, Ltd., U.K., without payment in cash against supply of plant and machinery.
1972
- The company established an aluminium foundry for the manufacture of non-ferrous castings.
1978
- The company set up another plant at Hosur for the manufacture of mopeds which are sold under the brand name TVS-50.
- Bonus Equity shares were issued in the proportion of 1:3.
1979
- The licensed capacity was increased to 1,19,000 sets in November.
1981
- The company entered into a license and technical assistance agreement with Clayton Dewandre Company Ltd. (CDC), U.K. for the manufacture of system protection valves.
- The company entered into two license and Technical assistance agreements with WABCO, GAHREUGBREMSEM LTD. West Germany, for the manufacture of dual brake valves, trailer control valves and hand operated brake valves.
- The company proposed to enter into another licence and technical assistance agreement with the Union Switch and Signal Division of American Standard Inc., U.S.A. (AS), for the manufacture of signalling relays, point machines and related hardware.
1982
- Shares were sub-divided.
- 22,76,110 bonus shares were then issued in the proportion of 1:1.
- 11,38,055 shares were issued, of which 56,900 shares to employees and 22,760 shares to business associates were reserved for allotment.
1984
- A letter of intent and clearance under the MRTP Act was received for the manufacture of pneumatic equipment for industrial applications in collaboration with WABCO.
- Another letter of intent and MRTP clearance was received for the manufacture of industrial laundering, washing, cooking, dispensing and disposing systems.
1985
- Clearance under MRTP for the manufacture of refrigerators at Pondicherry was received.
- The company received a letter of intent to manufacture uninterruptible power supply systems and computer peripherals in collaboration with M/s. Elgar Corporation, U.S.A.
1987
- Ausaldo Transporti, Sr. A, Italy is a collaborator for the manufacture of signalling relays, point machines and related hardware.
- Negotiations were being held with Ausaldo, Italy for implementation of the letter of intent granted for the introduction of micro-processor based signal and train controlling systems through a new joint venture to be established.
- The company subscribed for 14,00,000 No. of equity shares of ₹10 each in the rights issue of TVS-Suzuki, Ltd.
- 37,93,517 bonus shares were issued in the proportion of 2:3.
1989
- The production of the foundry division suffered in the last quarter of the year due to a lock-out in the factory of one of the company's major customers.
- The company privately placed with ICICI 5,00,000-14% non-convertible debentures of ₹100 each.
1991
- A subsidiary company by name Railway Products (India) Ltd. was formed.
- Investigations revealed unsatisfactory prospects for the manufacture of industrial pneumatic equipments in collaboration with WABCO, Hannover, Germany, hence the licence was ceased and agreement was cancelled.
- The company privately placed 5,00,000-19% non-convertible debentures of ₹100 each aggregating to ₹500 lakhs with various financial institutions.
1994
- It was proposed to expand the production capacity.
2001
- Sundaram Clayton is forging a sourcing arrangement with engine maker Cummins for the Indian and US markets.
2002
- The Sundaram Clayton Board approved the variation of the terms of the contract executed between the company and Mr. Venu Srinivasan, MD.
2003
- Sundaram Clayton is enhancing the capacity of its aluminium die-casting foundry from 600 tonnes per month to 1500 tonnes per month.
- The company acquired an order to supply die castings to Volvo for its American operations.
- Sundaram Clayton is betting on Anti-lock Break System (ABS) as the new technology which could bring in huge cost savings, especially for the commercial vehicle industry in India.
2005
- Sundaram-Clayton opened a new division to develop software for WABCO.
2006
- Mr. S Muralidharan was appointed as a Company Secretary and as a Compliance Officer.
- The company achieved 100% defect-free delivery for Q2, Q3, and Q4 from Cummins, USA.
2007
- The Board recommended a final dividend of ₹2 per share on equity shares of ₹10 each.
- The company received the Most Improved Supplier award from Cummins, US.
- The company received the Best supplier award for Responsiveness from Cummins ABO.
2008
- The company received the Best Supplier award for Cost reduction from Honda Siel Cars India.
- The company was awarded for TPM Excellence, Category A.
2009
- Mr. R Raja Prakash was appointed as Company Secretary and Compliance Officer of the company.
- The company received an award for excellent performance in 6 sigma initiatives from Cummins, United States.
- The company gave a bonus in the ratio of 1:1.
2010
- Lakshmi Venu joined the Sundaram-Clayton Board of Directors.
2011
- Sudarshan Venu joined the Sundaram-Clayton Board of Directors.
2012
- Mr. Venu Srinivasan was appointed as Chairman of the company.
- Mr. R Vijayaraghavan was appointed as an additional and non-executive independent director of the company.
2013
- The Board of Directors declared an interim dividend of ₹9 per share.
2014
- The Board of Directors declared an interim dividend of ₹6.50 per share.
2015
- Daimler awarded the company a special award for globally competitive supplies.
- Cummins awarded the company the Best supplier six sigma project award.
2016
- Rotex awarded the company the Best supplier Award.
- PACCAR awarded the company the Supplier of the year Award.
- The company received the Product development support excellence Award.
2017
- Cummins awarded the company the Category partner – Aluminum castings Award.
- Paccar awarded the company the Supplier of the year award for cost management.
2018
- Hyundai awarded the company the Best Performer-2018 in the Production Support category.
- Cummins awarded the company the Best Supplier – Six sigma project Award.
- Hanon awarded the company the Best Process and System Award.
2019
- Hanon awarded the company the Best Process and System Award.
- PACCAR awarded the company the Supplier of the year 2019 Award.
- The company received the Energy conservation 2019 – Gold Award from HANON.
- Sundaram Clayton Limited inaugurated its first overseas facility in the USA at a project cost of ₹630 Crores (US $90 Million).
2022
- Sundaram Auto Components was conferred with the TPM Excellence Award for its Mysuru plant.
2023
- The company name was changed to TVS Holdings Ltd. from Sundaram Clayton Ltd.
- The company issued bonus shares in the ratio of 116:1.
2024
- The company acquired 100% securities of M/s. Radial (Phase II) IT Park Private Limited and M/s. Radial (Phase III) IT Park Private Limited by TVS Emerald Limited, a wholly owned subsidiary of the company.
