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Lakshmi Venu and Mallika Srinivasan clarified that no economic settlement or agreement dividing the TVS family's economic interests has been reached amid a family ownership dispute

By ScoutQuest · Tue 13 Oct 2026, 3:17 PM IST · 1 min read

Heard on business television between 15:17:05 - 15:20:05 IST.

• Statement sent to Live TV News Channel by Lakshmi Venu and her mother Mallika Srinivasan denied any economic settlement had been reached dividing family interests.
• Dispute reportedly pits father Venu Srinivasan and son Sudarshan on one side against mother Mallika and daughter Lakshmi on the other, over division of ownership vs management control.
• A 2020 family settlement agreement did not specifically provide for ownership transfer, according to Mallika and Lakshmi; Venu's side claims it decided ownership flow favoring Sudarshan.
• A separate 2024 agreement among the nuclear family covers brand use and non-compete terms, not ownership transfer, per exchange updates.
• Mallika and Lakshmi said interests must be calculated via fair mutual valuation with no unilateral decision, seeking an early amicable resolution; both sides have engaged lawyers.
• Clarified that Tafe has no bearing on this ownership dispute as it is separate from the TVS group.

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