TVS Motor Company Chairman Mr. Sudarshan Venu has agreed to acquire a minority stake in Jana Small Finance Bank Limited through a combination of primary issuance of warrants and secondary share purchases. The transaction will result in an equity ownership of up to 9.9% on a fully diluted basis, including 4.9% to be held by TVS Motor Company, subject to regulatory approvals.
The investment marks another strategic step in TVS Venu’s growing presence in India’s financial services sector. The group already operates TVS Credit Services, one of India’s leading non-banking financial companies focused on consumer and retail lending, serving millions of customers across the country. Recently, the group also signed definitive agreements to acquire 100% stake in PGIM India Asset Management.
The proposed investment in Jana Small Finance Bank is expected to create opportunities for long-term collaboration across multiple areas, subject to applicable regulations. Jana has established a strong presence in mass retail and MSME banking with a steadily growing secured lending portfolio and a wide national distribution network.
As of March 31, 2026, Jana Small Finance Bank served more than 12 million customers through 822 outlets spread across 23 states and two Union Territories. The bank reported advances and deposits exceeding ₹35,000 crore each, positioning it as a significant player in India’s rapidly expanding banking and financial services sector.
Commenting on the development, Mr. Sudarshan Venu said strengthening India’s financial services ecosystem will be a key driver of the country’s long-term growth. He noted that the group currently serves more than 44 million financial services customers across over 100,000 touchpoints nationwide and sees significant opportunity in India’s evolving digital financial ecosystem.
He added that Jana Small Finance Bank has built a credible banking franchise with strong positioning across customer segments critical to India’s credit, savings and investment growth. Venu also acknowledged the role played by TPG Capital in supporting Jana’s growth journey alongside the bank’s leadership team.
The transaction is expected to be completed after receipt of necessary regulatory approvals and fulfilment of customary closing conditions.