Venu Srinivasan, the chairman emeritus of TVS Motor, is at the centre of the ongoing Tata Sons power struggle after backing N Chandrasekaran’s reappointment as chairman despite opposition from Tata Trusts chairman Noel Tata.
His position has now also come under scrutiny after links between Chandrasekaran’s family and TVS Motor emerged.
Srinivasan was among four Tata Sons directors who supported a fresh five-year term for Chandrasekaran, while Noel Tata opposed the move. The decision has deepened the divide between Tata Sons and Tata Trusts, which together hold a 66% stake in the holding company.
Deep Dive
What role does Venu Srinivasan play in the Tata Sons power struggle?
Why is the business relationship between Chandrasekaran's family and TVS Motor controversial?
How has Venu Srinivasan’s support for Chandrasekaran affected his earlier alignment with Noel Tata?
Also Read: Tata Sons chairman N Chandrasekaran's TVS Motors link emerges amid row over re-appointment
Srinivasan's TVS journey
Srinivasan, 73, is the grandson of T V Sundaram Iyengar, who founded the TVS Group in 1911, according to LiveMint.
He studied engineering at the College of Engineering, Guindy, part of Anna University, before completing a management degree at Purdue University in the United States.
{{/usCountry}}He studied engineering at the College of Engineering, Guindy, part of Anna University, before completing a management degree at Purdue University in the United States.
{{/usCountry}}Srinivasan took over as managing director of what was then Sundaram-Clayton’s two-wheeler business in the early 1980s. He is widely credited with steering TVS Motor’s growth into one of India’s largest two- and three-wheeler manufacturers, with factories across India and units in Indonesia and the United Kingdom.
Srinivasan started his career as a mechanic in his own garage, according to Bloomberg. He later stepped back from the company’s day-to-day leadership and became chairman emeritus of TVS Motor.
His role in Tata Sons and Tata Trusts
Srinivasan has served on the Tata Sons board since 2016 and is vice-chairman of the Sir Ratan Tata Trust, one of the two largest charitable trusts that control Tata Sons.
He is also a member of the Tata Sons nomination and remuneration committee, which reviews the performance of the company’s chairman.
Srinivasan is currently the longest-serving member of the Tata Sons board, giving him institutional experience that predates almost everyone now involved in the dispute, according to Bloomberg.
He and Noel Tata are the two Tata Trusts representatives on the Tata Sons board, reflecting the Trusts’ 66% combined stake in the company.
How did he become central to the row?
Srinivasan’s position became particularly significant after he backed Chandrasekaran’s fresh term despite Noel Tata’s opposition.
Srinivasan had backed Noel Tata to succeed Ratan Tata as chairman of Tata Trusts in 2024. A year later, Noel joined fellow trustees in unanimously supporting Srinivasan’s reappointment as vice-chairman under a framework intended to give trustees lifetime tenures, Bloomberg reported.
That earlier alignment changed ahead of the crucial Tata Sons board meeting, when Srinivasan backed Chandrasekaran’s reappointment despite Noel Tata’s opposition, Bloomberg reported.
Srinivasan was also a key figure in a separate dispute involving the Sir Ratan Tata Trust. In April, he complained to the state-level regulator overseeing charities about the governance structure of the trust, where he is himself a trustee, Bloomberg reported.
The Tata Trusts later said in a May 16 statement that they were unaware of his complaint until the regulator directed the trust to defer a board meeting.
The resulting restrictions contributed to the deferment of Tata Sons’ annual shareholder meeting because the required quorum could not be met.
Why is the TVS link now under scrutiny?
A business link between Chandrasekaran’s family and TVS Motor has come under scrutiny.
Chandrasekaran’s wife Lalitha and son Pranav are directors of Hanno One Warehousing, incorporated in March 2025, according to Mint.
In June 2025, TVS Motor leased 17 acres in Tamil Nadu’s Krishnagiri district to Hanno One. HDFC Bank later offered the company a ₹60 crore construction loan for a 3.3 lakh sq ft warehouse project estimated to cost ₹106.3 crore.
Neither Srinivasan nor Chandrasekaran disclosed the external relationship to the Tata Sons board, citing an executive aware of the matter.
Tata Sons said Hanno One’s incorporation had been disclosed in April 2025 and that the transaction did not need to be disclosed to Tata Sons or Tata companies. Tata Trusts said Srinivasan had not made such a disclosure to its trustees. Mint reported that TVS Motor and Pranav Chandrasekaran did not respond to its queries.
(With inputs from Varun Sood, Satish John)