TVS Srichakra’s step-down subsidiary -- TVS Sensing Solutions (TVSSSPL) a wholly owned subsidiary of TVS Srichakra Investments (TVSSIL) (TVSSIL is wholly owned subsidiary of TSL), has subscribed with Fiber Optic Sensing Solutions (FOSSPL) to the extent of 9,000 equity shares of Rs 10/- each, being 90% of the equity capital of that company. By this subscription, FOSSPL becomes a subsidiary of TVSSSPL which is a 100% subsidiary of TVSSIL.
TVS Srichakra is engaged in the business of tyre manufacturing. The company provides a complete range of two- and three-wheeler tyres and tubes catering to the domestic market and industrial pneumatic tyres, farm and implements tyres, skid steer tyres, multipurpose tyres, floatation tyres, etc.
