TVS Motor Company-backed TVS Venu Group has announced plans to acquire up to a 9.9% stake in Jana Small Finance Bank through a mix of primary issuance of warrants and secondary share purchases.
The transaction includes a proposed 4.9% stake ownership by TVS Motor Company on a fully diluted basis and remains subject to regulatory and statutory approvals.
TVS Venu Group comprises multiple businesses including TVS Motor, TVS Credit, TVS Emerald, and promoter linked entities, collectively generating around $6.5 billion in revenue in FY26.
The investment round also includes participation from industrialist S P Lohia and Shruti Lohia through investment vehicle 2i Capital PCC.
The move strengthens TVS Venu Group’s financial services ambitions as it expands beyond mobility and consumer lending. The group already has a significant presence in India’s lending ecosystem through TVS Credit Services, which serves millions of customers across the country.
Commenting on the investment, Sudarshan Venu said the group sees financial services as a major long-term growth opportunity in India and aims to support institutions serving the country’s expanding digital financial ecosystem.
Jana Small Finance Bank currently serves more than 12 million customers through 822 outlets across 23 states and 2 Union Territories. As of March 31, 2026, the bank reported advances and deposits exceeding ₹35,000 crore each.
The investment is expected to open avenues for collaboration across lending, customer acquisition, and digital financial services, subject to applicable laws and approvals.
The development comes shortly after TVS Venu Group signed definitive agreements to acquire a 100% stake in PGIM India Asset Management, highlighting the group’s aggressive expansion in the financial services sector.
Muthoot Fincorp Plans ₹4,000 Crore IPO, Approves Stock Split