TVS Motor Stake in IFQM Drops to 18.18% After New Share Allotment

TVS Motor Company Ltd announced on Tuesday that its shareholding in the Indian Foundation for Quality Management (IFQM) has declined to 18.18% following a fresh allotment of shares to other investors.

Stake Falls Below Associate Company Threshold

In a regulatory filing, TVS Motor stated, “We wish to intimate that Indian Foundation for Quality Management (IFQM) has informed that the shareholding of the company in IFQM has been reduced to 18.18% upon further allotment of shares by them to other investors.”

With its stake dropping below 20%, IFQM no longer qualifies as an associate company of TVS Motor under the Companies Act, 2013. However, the company did not disclose details about the new investors or the extent of additional shares issued.

About IFQM and Its Mission

IFQM is an organisation dedicated to promoting quality values, principles, and best practices across various sectors in India. The foundation aims to empower Indian businesses to enhance management standards and integrate quality-driven strategies into their operations.

Industry Leaders on IFQM’s Board

TVS Motor Chairman Emeritus Venu Srinivasan, who also serves as Chairman of IFQM, leads a distinguished board comprising top industry executives. Key members include N Chandrasekaran, Chairman of Tata Sons; Dilip Shanghvi, Managing Director of Sun Pharma; and Soumitra Bhattacharya, CEO of IFQM. Their leadership is expected to drive IFQM’s mission of promoting quality management across diverse sectors.

In addition to the board, IFQM’s governing council features several prominent industry leaders. Members include Kiran Mazumdar Shaw, Executive Chairperson of Biocon; Baba Kalyani, Chairman & MD of Bharat Forge; TV Narendran, CEO & MD of Tata Steel; Vivek Chaand Sehgal, Chairman of Samvardhana Motherson; Salil Gupte, President of Boeing India; and KN Radhakrishnan, Director & CEO of TVS Motor.

Strategic Implications for TVS Motor

While TVS Motor’s reduced stake means IFQM is no longer classified as its associate, the company continues to be involved in the organisation through the leadership of Venu Srinivasan. IFQM’s mission to improve quality standards across Indian industries aligns with TVS Motor’s commitment to excellence.

Stocks Performance

On March 12, 2025, TVS Motors share price traded 1.33% lower at ₹2,260 at 1:24 PM (IST). TVS Motors’ share price reached a 52-week high of ₹2,958.15, and a 52-week low of ₹1,873.05. As per BSE, the total traded volume for the stock stood at 5,718 shares with a turnover of ₹1.29 crores.

At the current price, TVS Motors shares are trading at a price-to-earnings (P/E) ratio of 45.80x, based on its trailing 12-month earnings per share (EPS) of ₹49.34, and a price-to-book (P/B) ratio of 12.09, according to exchange data.

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