# TVS family dispute: Lakshmi with smaller business

> TVS family restructuring left Lakshmi Venu with auto parts business that struggles to grow while brother Sudarshan controls the larger motor company.
- Title: TVS family dispute: Lakshmi with smaller business · mint
- Summary: TVS family restructuring left Lakshmi Venu with auto parts business that struggles to grow while brother Sudarshan controls the larger motor company. TVS…
- Keywords: tv s family dispute, lakshmi venu, sudarshan venu, tv s motor, sundaram-clayton, restructuring, family business, news, india, TVS, family, dispute
- Source: mint — https://livemint.com/companies/people/tvs-family-feud-lakshmi-venu-sudarshan-venu-11791972848647.html
- Author: Varun Sood,Satish John
- Published: 2026-10-16T00:37:55+00:00
- Read time: 2 min
- Topics: tv s family dispute, lakshmi venu, sudarshan venu, tv s motor, sundaram-clayton, restructuring, family business, news, india
## TVS family dispute
Lakshmi Venu, 42, now heads auto parts business that struggles to grow while brother Sudarshan Venu, 37, heads TVS Motor, India's third-largest two-wheeler maker.

> The valuable asset from the old Sundaram-Clayton, which is the share in TVS Motor, was taken away
## Restructuring timeline
Sundaram-Clayton owned 50.26% of TVS Motor before 2024 restructuring, but TVS stake moved to holding company controlled by Sudarshan Venu.
## Financial divergence
Sundaram-Clayton revenue stayed at ₹2,026 crore while TVS Motor revenue rose 76% to ₹56,069 crore in the year ended March 2024.
## Profit contrast
Sundaram-Clayton profit of ₹252 crore included one-time gain of ₹513 crore from land sale, excluding which it would have reported a loss of ₹186 crore.
## Family dispute escalation
Venu Srinivasan's wife Mallika challenges husband's assertion that all family matters have been settled, claiming daughter Lakshmi has same rights as brother Sudarshan.
## 2022-2024 changes
In May 2022, siblings took top jobs at connected companies; by August 2023, TVS Holdings retained TVS Motor stake while Sundaram-Clayton kept manufacturing operations.
## Brand-sharing agreement
Family signed March 2024 MoU setting management control with Sudarshan Venu controlling TVS Holdings and Lakshmi Venu controlling Sundaram-Clayton.
## Ownership structure
Venu Srinivasan controls 46.83% of Sundaram-Clayton and 66.55% of TVS Holdings as sole trustee of VS Trust.
## Financial impact
Sundaram-Clayton carried ₹1,417 crore debt by end of March 2024, while TVS Motor's profit more than doubled to ₹3,693 crore.
## Expert analysis
Sebi requires promoters to disclose agreements that impact company control within two working days, but Sundaram-Clayton did not receive proceeds from TVS Motor share sale.
## Business outcome
The restructuring left Lakshmi Venu with smaller business while Sudarshan Venu controls the larger TVS Motor business, creating unequal inheritances.

> The valuable asset from the old Sundaram-Clayton, which is the share in TVS Motor, was taken away
## Family conflict
Mallika Srinivasan claims no financial settlement has been reached within the family, asserting daughter Lakshmi has same rights as brother Sudarshan.
## Unanswered questions
Why did Lakshmi Venu agree to business changes before the control agreement was signed?
## Current status
TVS Holdings retains TVS Motor stake while Sundaram-Clayton keeps manufacturing operations, with debt rising to ₹1,417 crore by end of March 2024.
## Key takeaway

TVS family restructuring in 2024 left Lakshmi Venu with auto parts business that has struggled to grow while her brother Sudarshan Venu heads the larger TVS Motor business.