The board of directors of TVS Holdings Ltd. (formerly known as Sundaram-Clayton Ltd) approved the appointment of Sudarshan Venu as managing director of the company, for a period of five years, with immediate effect, elevating him from the post of director. Sudarshan Venu, currently MD of TVS Motor Company, is son of Venu Srinivasan, who was appointed as chairman emeritus and MD of TVS Holdings Ltd. on April 1, 2022. Also ReadHFCL bags purchase order of INR 826.0 million for supply of Optical Fiber Cables.

As part of strategy of placing the nextgen in the driver's seat, Lakshmi Venu, daughter of Venu Srinivasan was elevated as MD of the company effective May 6, 2022. She was the joint MD until then and the decision to elevate Lakshmi Venu as MD was taken close on the heels of Sudarshan Venu's appointment as MD of TVS Motor Company then. R Gopalan, was also appointed as chairman of the company last year.

In Monday's meeting, the board has also approved the appointment of Timm Tiller, as non-executive independent director of the company. It has also approved appointment of Sasikala Varadachari, as an independent director of the company for a second term of three years effective October 24, 2023. Meanwhile, the board of directors TVS Motor Company has re-appointed K N Radhakrishnan, director & CEO of the company for a further period of five years effective October 23, 2023.