Archive · 5 Aug 2026
TVS Motor Consolidates Lending Businesses Under TVS Credit
TVS Motor is a big company that makes vehicles.
It also runs companies that give loans to people.
The company decided to put all its loan-giving businesses together into one.
This means TVS Housing Finance and Home Credit India Finance will become part of TVS Credit Services.
The combined company will give loans for vehicles, gadgets, and small businesses.
Having one company instead of many makes things simpler and cheaper to run.
TVS Credit recently reported earning about ₹1,918 crore in one quarter.
TVS Motor is also thinking about possibly splitting its loan business later to help shareholders.
The plan still needs permission from the central bank, courts, and other regulators.
Until that happens, nothing will change right away.
TVS Motor's financial services subsidiaries approved a composite scheme of amalgamation merging TVS Housing Finance and Home Credit India Finance into TVS Credit Services.
Under the scheme, STPL Trading and Services will first merge with Home Credit India Finance, which will then be amalgamated with TVS Housing Finance into TVS Credit Services.
TVS Credit Services is a non-deposit-taking NBFC offering vehicle finance, consumer durable loans and small business loans.
For the quarter ended June 2026, TVS Credit Services reported revenue of ₹1,918 crore, net worth of ₹6,273 crore and total assets of over ₹35,600 crore.
TVS Motor last week acquired an additional 4.39% stake in TVS Credit Services from Lucas-TVS for ₹711 crore, raising its shareholding to 85.15%.
- Who
- TVS Motor Company and its financial services subsidiaries TVS Credit Services, TVS Housing Finance and Home Credit India Finance.
- What
- Approved a composite scheme of amalgamation that consolidates the group's lending businesses into TVS Credit Services as the surviving entity.
- When
- Announced on Wednesday, following TVS Motor's stake purchase last week; TVS Credit's latest financials cover the quarter ended June 2026.
- Where
- India.
- Why
- To simplify the group's corporate structure, reduce the number of legal entities and regulatory requirements, generate operational synergies and support long-term sustainable growth.
- Surviving entity
- TVS Credit Services
- Entities being merged
- TVS Housing Finance, Home Credit India Finance (after STPL Trading and Services merges into it)
- Business type
- Non-deposit-taking NBFC offering vehicle finance, consumer durable loans and small business loans
- Revenue (quarter ended June 2026)
- ₹1,918 crore
- Net worth
- ₹6,273 crore
- Total assets
- Over ₹35,600 crore
- TVS Motor stake in TVS Credit
- 85.15% after acquiring 4.39% from Lucas-TVS for ₹711 crore
- Approvals required
- RBI, CCI, SEBI, NSE, NCLT, and shareholders and creditors of the companies involved