TSF Group unveils a 5-year plan to double manufacturing revenue to ₹32,000 crore & grow AUM to ₹4 lakh crore. A look at its ₹2,500 crore investment strategy.
The TSF Group one of India’s leading and oldest diversified conglomerates, has unveiled an ambitious five-year growth strategy aligned with its journey towards completing 120 years in 2031. The plan includes a massive expansion of its core businesses with a goal to double its manufacturing revenue from ₹16,000 crore to ₹32,000 crore by 2030.
The announcement was accompanied by a key corporate restructuring, with the group’s investment arm, Sundaram Finance Holdings Ltd., being renamed TSF Investments Ltd.
A ₹2,500 Crore War Chest for Strategic Growth
Outlining the capital expenditure plan, Srivats Ram, Managing Director of Wheels India, stated, “We see ourselves investing around ₹2,500 crore in manufacturing. Part of it would be into existing businesses, some of it into new businesses – could be joint ventures and acquisitions.”
This significant investment underscores the group’s intent to not only strengthen its existing automotive component businesses but also to diversify into new areas. The financial services arm, Sundaram Finance Group, is also targeting aggressive growth, aiming to expand its Assets Under Management (AUM) from ₹1.5 lakh crore to ₹4 lakh crore.
Strategic Focus: Used Vehicles, Technology, and Leadership Transition
Group executives highlighted several key strategic pillars for growth:
- Used Vehicle Business: Harsha Viji, Executive Vice Chairman of Sundaram Finance, emphasized this segment, noting that its share of disbursements has grown from 8% to 27%. “I would like that to be 50%,” he said, signaling a major push in this high-potential area.
- Technology & R&D: The group is heavily investing in technology, from increasing R&D in manufacturing to leveraging analytics in financial services for faster credit decisions and personalized lending rates.
- Leadership Evolution: The fourth generation of the founding family is now actively leading key companies like Brakes India, Wheels India, and Sundaram Finance. Mr. Viji highlighted that family members are encouraged to gain outside experience first and indicated a future model where family may not be 100% involved in day-to-day operations, pointing towards greater professionalization.
Engaging a New Generation of Talent
Acknowledging the changing workforce, Mr. Viji noted that a large part of their employees are from Generation Z. “Values matter more to the current generation than they did to us. They have a very clear idea of what is right and wrong,” he said, underscoring the group’s focus on nurturing talent and building human capital to drive its ambitious goals forward.
With a clear roadmap and a committed leadership, the TSF Group is positioning itself for a transformative period of growth, balancing its deep-rooted legacy with a forward-looking, strategic vision
