TVS Holdings Take Overs 80.74% Stake in Home Credit India

TVS Holdings Limited is a distinguished Indian automotive components company based in Chennai. As a pivotal entity within the TVS Group, it excels in the production of high-quality aluminium and magnesium castings for the automotive industry.

Acquired an 80.74% equity stake in Home Credit India 

On February 3, 2025, TVS Holdings announced the successful acquisition of an 80.74% equity stake in Home Credit India Finance for ₹554 crore, with the remaining 19.26% secured by Premji Invest and other TVS Holdings associates. 

This strategic move underscores the company’s ambitious goal to expand its lending book size to ₹50,000 crore over the next three years, up from the current ₹33,000 crore.

Details of Acquisition 

The acquisition aligns seamlessly with TVS Holdings’ mission to fortify its footprint in the financial services sector. Home Credit India, a leading player in the consumer finance market, boasts a formidable AUM of ₹5,535 crore as of March 2024, with a vast network of over 50,000 points-of-sale (PoS) across 625 cities and an employee base of 3,800. 

Having served 16 million customers, it focuses primarily on New-to-Credit (NTC) clientele, offering consumer durable loans for affordable smartphones alongside personal loans.

Statement From Managing Director 

“This acquisition marks a defining milestone for us. We are delighted to welcome Home Credit India’s talented team and extensive customer base of 16 million to the TVS family. This transaction underscores our resolve to deliver innovative and inclusive financial solutions. 

With this acquisition, our lending book now stands at ₹33,000 crore, bringing us closer to achieving our ₹50,000 crore target over the next three years.”

Share Price Performance 

At 3:12 PM today, TVS Holdings’ shares traded at ₹9,334.95 on the NSE.

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