In a strategic move to expand its footprint in India’s financial services sector, the TVS Venu Group has agreed to acquire a minority stake of up to 9.9% in Jana Small Finance Bank Limited on a fully diluted basis. The acquisition will be executed through a combination of a primary issuance of warrants and a secondary purchase, subject to all necessary regulatory approvals. As part of the agreement, TVS Motor Company will directly own 4.9% of the equity.
The TVS Venu Group, which includes prominent entities like TVS Motor, TVS Credit, and TVS Emerald, clocked a revenue of $6.5 billion in FY26. The investment also saw participation from notable global investors, including billionaire industrialist S.P. Lohia, founder of Indorama Corporation, and Shruti Lohia through her investment vehicle, 2i Capital PCC.
This transaction marks another major milestone for the TVS Venu Group, which already holds a massive presence in the retail lending space through TVS Credit Services, serving over 44 million customers across 100,000 touchpoints. The group also recently signed definitive agreements to acquire a 100% stake in PGIM India Asset Management.
Sudarshan Venu, Chairman of TVS Motor Company, emphasized that the investment aligns with the group’s long-term vision to support high-quality institutions driving India’s digital financial ecosystem. The partnership paves the way for mutual collaboration, leveraging Jana Small Finance Bank’s established national distribution footprint and its strong capabilities in mass retail and MSME banking.