TVS Venu Group has entered into definitive agreements to acquire Prudential Financial Inc’s 100% stake in PGIM India Asset Management and PGIM India Trustees Private Limited.
The transaction is being carried out through TVS Venu Management and Consultancy Services Private Limited and its affiliates, and remains subject to regulatory approvals and customary closing conditions.
PGIM India is a wholly owned business of PGIMthe global investment management arm of Prudential Financial. It offers equity, fixed income and multi-asset solutions to retail and institutional investors, and managed over ₹30,000 crore in assets as of December 31, 2025.
Following the deal, TVS Venu Group will acquire full ownership of the asset management and trustee businesses of PGIM India.
PGIM India AMC acquisition will add to its financial services business, which includes TVS Credit Services.
TVS Venu Group is a family-controlled conglomerate led by Venu Srinivasan (Chairman Emeritus) and Sudarshan Venu (MD/Chairman, TVS Motor Company), which has evolved from the TVS Group’s automotive roots into a diversified multinational.
The group operates across automotive (TVS Motor Company, Norton UK, Swiss E-Mobility, and components businesses such as Brakes India and Wheels India), financial services (TVS Credit Services and the recently acquired PGIM India AMC), and real estate (TVS Emerald Realty’s residential and commercial projects in Chennai and Bengaluru).
