TSF Investments Ltd has reported a consolidated net profit of ₹530.21 crore for FY26, registering a growth of 28.66 per cent compared with ₹412.09 crore recorded in the previous financial year.
The FY26 performance includes a gain of ₹40.99 crore arising from the fair valuation of previously held equity interest in Axles India Ltd following a business combination during the year.
Axles India becomes subsidiary
The company said the rise in consolidated profit was partly driven by Axles India becoming a subsidiary after the TSF Group acquired shares held by Dana Global Products Inc. for a consideration of ₹365.37 crore.
TSF Investments operates as a core investment company with interests across automotive businesses, including foundries and manufacturers of wheels, brakes, turbochargers and axles, besides spare parts distribution.
Dividend income remains strong
Dividend income from portfolio companies continued to contribute significantly to the company’s earnings, with TSF Investments receiving ₹207.67 crore as dividend during FY26.
The Board of Directors has recommended a final dividend of ₹4.45 per share for FY26. Combined with the interim dividend of ₹6.70 per share paid in February 2026, the total dividend payout for the year stands at ₹11.15 per share.
Company rebrands as TSF Investments
Formerly known as Sundaram Finance Holdings Ltd, the company was renamed TSF Investments Ltd with effect from September 23, 2025.
The company said the rebranding reflects the consolidation of the T S Santhanam family group and reinforces its strategic alignment and long-standing business legacy.
Focus on core investments
As part of its strategy to exit non-core investments and redeploy capital into core group businesses, TSF Investments undertook multiple divestments during FY26.
These included a partial exit from TVS Holdings Limited, a partial exit from Fettle Tone LLP and a complete exit from Sundaram Composite Structures Pvt Ltd.
The company realised a post-tax gain of ₹461.18 crore from these transactions, which was transferred from other comprehensive income (OCI) to retained earnings.
Legacy dating back to 1911
The TSF Group traces its origins to 1911 and has its roots in the erstwhile TVS Group under the leadership of late T S Santhanam, regarded as a pioneer in India’s non-banking financial services sector.
The group established its independent identity following the partition of the TVS Group. Its business journey includes the acquisition of Madras Auto Service in 1936 and the establishment of Sundaram Finance and India Motor Parts & Accessories Ltd in 1954.
Over the years, the group expanded into manufacturing through companies such as Brakes India and Wheels India, building a diversified presence across automotive components, distribution, dealerships and financial services.
Expanding global footprint
The TSF Group currently has revenues exceeding ₹30,000 crore, a bottom line of ₹3,556 crore, over 42,000 employees, 1,200 branches and 36 factories.
The group serves customers across India, North America, Europe and the Asia-Pacific region.