TVS VENU to buy a small stake in Jana Small Finance Bank

TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank Limited (Jana) through a combination of primary issuance of warrants and a secondary purchase for an equity ownership of up to 9.9% on a fully diluted basis, which includes 4.9% to be owned by TVS Motor Company.

TVS Venu has a long-standing presence in India’s financial services sector through TVS Credit Services, a leading Non-Banking Financial Company offering consumer and retail loans to millions of customers across India. It has also signed definitive agreements to acquire 100% stake in PGIM India Asset Management. The investment in Jana Small Finance Bank will allow for mutual collaboration in various areas for the long-term success of the bank subject to applicable laws, as per a statement.

Sudarshan Venu, Chairman, TVS Motor Company said, “We firmly believe that a key driver to India’s growth is the strengthening and expansion of India’s financial services. We have been serving more than 44 million financial services customers across more than 1,00,000 touchpoints pan India, and are excited about the huge opportunity that the sector presents.’’

This investment in Jana was aligned with TVS VENU’s long-term approach to support high-quality institutions that serve India’s growing financial needs and its expanding digital financial eco-system, he said.

The transaction will be completed after receipt of necessary approvals and fulfilment of customary closing conditions.

Jana has an established presence in mass retail and MSME banking, a strong growing secured lending base and a national distribution footprint. With over 12 million customers served, 822 outlets across 23 states and 2 Union Territories, and advances and deposits of over ₹35,000 crore each as of March 31, 2026.