TVS Holdings Completes Acquisition of Home Credit India for Rs 554 Crores

Mumbai: TVS Holdings Limited has announced the successful completion of its acquisition of an 80.74% equity stake in Home Credit India Finance Private Limited for Rs 554 crores.

The remaining 19.26% stake was purchased by Premji Invest and other associates of TVS Holdings. The acquisition aligns with TVS Holdings’ mission to strengthen its presence in the financial services sector.

Home Credit India has served over 1.6 crore customers and has an employee base of 3,800, with a strong network of over 50,000 points-of-sale across 625 cities in India.

Sudarshan Venu, Managing Director, TVS Holdings, said, “The acquisition of Home Credit India marks an important milestone for TVS Holdings… We are confident that this acquisition will help the group strengthen its position in the financial services sector.”

TK Kurien, Managing Partner and Chief Investment Officer, Premji Invest, said, “We are confident that this acquisition will help the group accelerate scale and profitability and build significant value for all stakeholders.”