Sudarshan Venu the Managing Director of TVS Holdings has become a significant beneficial owner after the initiation of a transfer process involving promoter shares of the company according to a recent regulatory filing. TVS Holdings the promoter entity of TVS Motor Company disclosed this development in its RoC filing dated April 23 2025. Sudarshan Venu is the son of Venu Srinivasan Chairman and Non-Executive Director of TVS Holdings and Mallika Srinivasan Chairman and MD of TAFE has assumed this status as part of an inter-se transfer among the companys promoters. Both Venu Srinivasan and Sudarshan Venu are now identified as persons acting in concert and significant beneficial owners of the firm which was previously known as Sundaram-Clayton Ltd. According to latest media reports TVS Motors market capitalisation is 1.30  TVS Holdings owns 50.26 per cent in two and three-wheeler maker TVS Motor Company. Sudarshan Venu already leads TVS Motor Company as its Managing Director. The latest development makes clearer the alignment of ownership and management of businesses between the children of Venu Srinvasan and Mallika Srinivasan and a continuation of a smooth execution of the succession planning initiated earlier. Last month Tractors and Farm Equipment Ltd (TAFE) had announced the appointment of Lakshmi Venu the daughter of Mallika Srinivasan and Venu Srinivasan as its Vice-Chairman. In March 2024 an MoU (memorandum of understanding) was executed by Venu Srinivasan and his family members to avoid competition among themselves. Under the MoU Sudarshan Venu agreed that he and persons controlled by him would not use certain trademarks including TVS in relation to certain businesses including design manufacturing and supply of aluminium and magnesium die castings/machined castings for OEMs and the after-market. He had also agreed to not compete for a defined period including in the business of agricultural machinery including tractors and self-propelled farm equipment. On the other hand Mallika Srinivasan and Lakshmi Venu agreed that they and persons controlled by them would not use certain trademarks (including TVS) in relation to certain businesses including two-wheeler and three-wheeler vehicles financial services and real estate business. They have also agreed to not engage in certain businesses including two-wheeler and three-wheeler vehicles parts and/or accessories for any such vehicles for a defined period.  (With inputs from PTI)