TVS Holdings to Acquire Majority Stake in Home Credit India for Rs 554 Crore

TVS Holdings Limited plans to acquire an 80.74% equity stake in Home Credit India Finance Private Limited for Rs 554 crores, expanding its presence in consumer finance.

  • TVS Holdings Limited plans to acquire an 80.74% equity stake in Home Credit India Finance Private Limited for Rs 554 crores, expanding its presence in consumer finance.
  • The acquisition aligns with TVS Holdings’ strategy to deepen financial penetration in India, with synergies expected in collections, cost efficiencies, and digital capabilities.
  • TVS Holdings’ Managing Director, Sudarshan Venu, highlights the significant opportunity in financial services and the potential for collective growth with a lending book of approximately Rs 31,000 crore.

TVS Holdings Limited has announced its intention to acquire a majority stake in Home Credit India Finance Private Limited, a significant player in the consumer finance market. This strategic move, valued at Rs 554 crores, is aimed at expanding TVS Holdings’ footprint in the consumer finance space. The remaining 19.26% equity stake will be acquired by Premji Invest and other associates, subject to regulatory approvals.

With this acquisition, TVS Holdings aims to capitalize on synergies in areas such as collections, cost efficiencies, and digital capabilities. Sudarshan Venu, Managing Director of TVS Holdings, expressed optimism about the growth prospects in financial services, anticipating a collective lending book of approximately Rs 31,000 crore. Home Credit India, as a subsidiary of TVS Holdings, will maintain its brand identity while benefiting from the resources and support of the TVS Holdings Group.

Home Credit India, part of the international Home Credit Group, has served over 1.6 crore customers in India and has an Assets under Management (AUM) of Rs 5,535 crore. This acquisition marks a significant step forward in TVS Holdings’ strategic expansion plans, positioning the company to better serve the financial needs of consumers across India.