# TVS Family Split Over Business Division

> TVS family feud intensifies as heirs clash over asset division and family MoU.
- Title: TVS Family Split Over Business Division · The Economic Times
- Summary: TVS family feud intensifies as heirs clash over asset division and family MoU. TVS family members disagree on whether a 2024 family MoU divided assets or…
- Keywords: tv s motor, venu srinivasan, sudarshan venu, lakshmi venu, mallika srinivasan, sundaram clayton, tvs holdings, tvs motor company, family mou, asset division, business succession, TVS
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/succession-battle-breaks-out-at-tvs-as-camps-disagree-over-business-division-family-mou-venu-srinivasan/articleshow/134803259.cms
- Author: Kala Vijayraghavan and Arijit Barman
- Published: 2026-10-09T00:47:00+00:00
- Read time: 2 min
- Topics: tv s motor, venu srinivasan, sudarshan venu, lakshmi venu, mallika srinivasan, sundaram clayton, tvs holdings, tvs motor company, family mou, asset division, business succession
## Family Dispute Emerges
Deep differences over inheritance have broken out between Venu and Mallika Srinivasan's children with differing perceptions on whether a family settlement has been reached.
## Asset Division Clash
Venu Srinivasan and son Sudarshan align, while Mallika and daughter Lakshmi seek changes in how assets are divided among children.
## Business Split
Sundaram Clayton (SCL) and TVS Motor Company are the two companies entrusted to next generation management with differing perceptions on asset division.
## Market Cap Discrepancy
SCL has a market cap of Rs 24,000 crore while TVS Motor Co has a market cap of Rs 1.83 lakh crore as of Thursday's market close.
## 2024 Family MoU Dispute
People on Venu and Sudarshan's side say the MoU was a division of assets, while Mallika and Lakshmi's side say it only dealt with brand use and non-compete clauses.
## Beneficial Ownership Shift
In April 2025, exchanges notified Sudarshan Venu became a beneficial owner in TVS Holdings, the parent of TVS Motor.
## 2020 Family Agreement
A December 10, 2020, family agreement formalized a split of holding structures to eliminate cross-holdings and align corporate ownership with family branches.
## Asset Settlement Details
The Venu Srinivasan family inherited around Rs 2,000 crore of liabilities payable to other family branches through the 2020 settlement.
## Lakshmi's Claim
Lakshmi Venu claims she received a better deal under the 2024 MoU and seeks clarification on her share after being met with silence from Venu and Sudarshan.
## Family Settlement Claims
People close to Mallika say the family's wealth is separate from management and both siblings have equal rights over Venu Srinivasan family wealth.
## TAFE Involvement
Mallika Srinivasan oversees TAFE, a tractor and farm equipment company founded by her grandfather, which she claims is not part of Venu Srinivasan's business empire.
## Recent Boardroom Tensions
Tensions spilled into Sundaram Clayton's boardroom within three days of Venu Srinivasan taking over as chairman after a resignation decision was reversed.
## Key takeaway

TVS family members disagree on whether a 2024 family MoU divided assets or just brand rights, with Lakshmi Venu seeking clarification on her share after failed mediation attempts.