Chennai, May 20: TSF Investments Limited (“TSF Investments”) has registered a consolidated net profit of ₹530.21 crores for the year ended 31st March 2026, which includes gain of ₹40.99 crores from fair valuation of previously held equity interest in Axles India Limited on account of business combination, as compared to ₹412.09 crores registered in the previous financial year, resulting in an increase of 28.66%
The increase in consolidated net profit is partly because of Axles India Limited, becoming a subsidiary during the year on account of TSF group acquiring shares held by Dana Global Products Inc. for a consideration of ₹365.37 crores.
TSF Investments operates as a core investment company, investing in a portfolio of automotive businesses including foundries and manufacturers of wheels, brakes, turbo chargers, axles and distribution of spare parts. As a result, dividend from portfolio companies forms a substantial part of the financial results. Dividend received from portfolio companies is ₹207.67 crores for the year ended 31stMarch 2026.
Name change:
Reflecting the consolidation of the T.S. Santhanam Family group, Sundaram Finance Holdings Limited has been renamed TSF Investments Limited with effect from 23rdSeptember 2025. This change reaffirms the group’s strategic alignment and century-old legacy.
Dividend:
The Board of Directors have recommended a final dividend of ₹4.45/- per share (89%) for FY 25-26. This together with the Interim Dividend of ₹6.70/- per share (134%) paid during February 2026 aggregates to a total dividend of ₹11.15/- per share (223%) for the F.Y. 25-26.
Dis-investments:
As part of the company’s strategy to exit from non – core investments and invest the proceeds in the core investments in group companies, the company had during the financial year 2025 -26 exited the following investments,
1.TVS Holdings Limited (partial exit)
2.Fettle Tone LLP (partial exit)
3.Sundaram Composite Structures Private Limited
The realized gain (net of tax) from the exit of these investments was ₹461.18 crores which was transferred from OCI to retained earnings.
TSF: A Century of Legacy
TSF Group represents the T. S. Santhanam family’s businesses, with its heritage dating back to 1911. The group traces its lineage to the erstwhile T. V. Sundram Iyengar & Sons, under the leadership of Late Shri T. S. Santhanam, a pioneer of India’s non-banking financial services industry. TSF Group carved out its independent identity consequent to the partition of TVS Group.
The journey began with the acquisition of Madras Auto Service (MAS) in 1936, followed by the founding of Sundaram Finance and India Motor Parts & Accessories Ltd. (IMPAL) in 1954. Over the decades, the group diversified into manufacturing through companies such as Brakes India and Wheels India, building a strong presence across automotive components, distribution, car dealerships, and financial services. With more than ₹30,000 crore in revenues, a ₹3,556 crore bottom line, over 42,000 employees, 1,200+ branches, and 36 factories, TSF Group is a trusted partner for marquee customers across India, North America, Europe, and Asia Pacific.