TVS Motor Company promoter group TVS Venu Group has agreed to acquire a minority stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchase.
The proposed transaction will give TVS Venu Group an equity ownership of up to 9.9% in Jana Small Finance Bank on a fully diluted basis, including 4.9% to be held by TVS Motor Company, subject to regulatory approvals. The company said that for the 4.9% stake buy of TVS Motor, the cash consideration will be to the tune of ₹193 crore.
Expands financial services play
TVS Venu Group has a longstanding presence in India’s financial services sector through TVS Credit Services, which offers consumer and retail loans across the country.
The group has also signed definitive agreements to acquire a 100% stake in PGIM India Asset Management as it deepens its play in India’s financial ecosystem.
The investment in Jana Small Finance Bank is expected to create opportunities for long-term collaboration across multiple areas, subject to applicable laws.
Jana Bank strengthens growth platform
Jana Small Finance Bank has built a significant presence in mass retail and MSME banking, backed by a growing secured lending franchise and a nationwide distribution network.
As of March 31, 2026, the bank had served over 12 million customers through 822 outlets spread across 23 states and two Union Territories.
The bank reported advances and deposits exceeding ₹35,000 crore each, positioning it as a strong platform to participate in India’s expanding credit, savings and investment market.
Sudarshan Venu outlines long-term vision
TVS Motor Company Chairman Sudarshan Venu said India’s financial services sector will remain a key driver of the country’s economic growth.
He noted that the group currently serves more than 44 million financial services customers through over 100,000 touchpoints across India and sees significant long-term opportunity in the sector.
Sudarshan Venu said the investment aligns with TVS Venu Group’s strategy of supporting high-quality financial institutions catering to India’s growing financial and digital banking needs.
He added that Jana Small Finance Bank has built a credible banking franchise with strong positioning across customer segments central to India’s credit and savings growth story.
Transaction subject to approvals
The company said the transaction will be completed after receiving necessary regulatory approvals and fulfilment of customary closing conditions.