TVS Motor Company will acquire a 4.9% stake in Jana Small Finance Bank for ₹193.3 crore as part of a broader investment by the TVS Venu group to deepen its presence in India’s financial services sector, the company said on Monday.
The investment committee of TVS Motor approved the purchase of 51.6 lakh equity shares from Jana Holdings through a share purchase agreement, according to an exchange filing. The transaction is expected to close within three months, subject to customary conditions.
Separately, TVS Venu said it would acquire up to 9.9% ownership in Jana Small Finance Bank on a fully diluted basis through a mix of primary warrant subscription and secondary share purchase, including the 4.9% stake to be held by TVS Motor.
Focus on India’s digital financial ecosystem
The move marks the latest expansion of the TVS group’s financial services ambitions, following its agreement to acquire a 100% stake in PGIM India Asset Management. TVS already operates lending businesses through TVS Credit Services and Home Credit India.
“We firmly believe that a key driver to India’s growth is the strengthening and expansion of India’s financial services,” said Sudarshan Venu. He added that the investment aligns with the group’s long-term strategy of backing institutions serving India’s growing digital financial ecosystem.
Jana Small Finance Bank’s scale and performance
Founded in 2006, Jana Small Finance Bank is among the country’s largest small finance banks by assets and deposits. The bank reported total income of Rs 6,374.8 crore and profit after tax of Rs 326.4 crore in FY26. It serves over 12 million customers through 822 outlets across 23 states and two Union Territories, with advances and deposits exceeding Rs 35,000 crore each as of March 31, 2026.
The company’s shares were down by 4.51% to ₹467 at 12:43 p.m. on the BSE.
Published on May 18, 2026