Mallika Srinivasan says no economic settlement has been reached in TVS family

Mallika Srinivasan, who leads Tractors and Farm Equipment Ltd, says her family has not reached an economic settlement over its assets.

The dispute involves the family behind TVS Motor, an Indian two-wheeler maker, and Mallika’s children, Lakshmi Venu and Sudarshan Venu.

Mallika says Lakshmi has the same rights as her brother.

She says a memorandum signed in March 2024 dealt with trademarks, brand use and non-compete obligations, not ownership of family assets or a financial settlement.

The dispute matters because family stakes in TVS companies are held through trusts and other entities, including one controlled by Venu Srinivasan, Mallika’s husband.

Mallika says requests for information and discussion have not been answered, while she is seeking a fair and transparent process involving all family members.

She says she remains hopeful that the family can reach a settlement through dialogue.