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Post Tagged with: "Sundaram"

Acquisition of Brakes India’s joint venture partner’s shareholding completed

Acquisition of Brakes India’s joint venture partner’s shareholding completed

Press release | Chennai, 23rd June 2021: Brakes India was founded in 1962 as a joint venture entity with T V Sundram Iyengar and Sons Private Limited (TVS) as the majority partner. Recently, joint venture partner ZF Friedrichshafen AG (ZF) acquired WABCO Holdings, Inc and due to the resultant competitive situation, ZF agreed to divest its entire shareholding in Brakes[Read More…]

by — June 23, 2021 — Newscast, Press Release

Top management change in Sundaram Brake Linings

Automotive friction material manufacturer Sundaram Brake Linings, part of the TVS group on Tuesday announced change at its top management. According to the company, K Mahesh has resigned as managing director for personal reasons. However, he will continue as the Chairman of the company. His son, Krishna Mahesh, who is currently the Joint Managing Director, has been appointed as the[Read More…]

by — May 29, 2014 — Finance, Newscast, Web Exclusive