TVS Electronics Limited, formerly incorporated as TVS eTechnology Limited on September 15, 1995, and subsequently changed to TVS Electronics Limited on September 10, 2003, is a prominent Indian multinational electronics company headquartered in Chennai. Established in 1986, TVS Electronics Ltd is a leading player in transaction automation, manufacturing and selling a diverse range of products including Point of Sale (POS) devices, printers, and keyboards, alongside providing comprehensive IT services.
TVS Electronics designs, manufactures, and distributes a wide array of IT products. Its extensive portfolio includes:
- Dot Matrix Printers
- Thermal and Label Printers
- Mechanical and Membrane Keyboards
- Point of Sale (POS) Terminals
- Mice
- Barcode Scanners
- Electronic Cash Registers
- Currency Counting Machines
- Uninterruptible Power Supplies (UPS)
- Set-Top Boxes
- Mobiles
The company operates through two primary business verticals:
1. Products & Solutions Group (PSG): This segment focuses on the design, manufacture, assembly, marketing, sale, and servicing of various transaction automation products. TVS-E is an ISO-certified transaction automation products company, specializing in IT peripherals and POS solutions.
2. Customer Support Services: This vertical offers field support and infra-managed services for IT. The company's comprehensive portfolio covers the entire product lifecycle management, from product ideation and manufacturing to customer support, warranty management, and end-of-life services.
TVS Electronics provides extensive service solutions for various Original Equipment Manufacturers (OEMs) through a network comprising:
- Exclusive Service Centers
- Multi-brand Service Centers
- Onsite Support
- Repair Centers
- Integrated Factory Facilities
The company deploys over 4,000+ agents across India, offering services in the IT, Telecom, and Consumer Electronics segments. TVS Electronics also offers contractual design, manufacturing, and service support for telephone and IT companies. In FY21, it established a dedicated Repair and Refurbishment Factory in Tumakuru, Karnataka, capable of handling Printed Circuit Board Assembly (PCBA) and display panel repairs for both large and small appliances. Furthermore, the company expanded into Audio and lifestyle products in FY21 by partnering with two marquee brands for repair and maintenance services.
As of July 4, 2025, TVS Electronics Ltd (TVSELECT) holds a market capitalization of ₹810.54 Crore. While the company has demonstrated revenue growth, it has faced profitability challenges recently.
Key Financial Highlights:
- Revenue (FY 2025): ₹430.26 Crore
- Net Loss (FY 2025): ₹3.79 Crore
- Revenue Growth (FY 2025 vs FY 2024): 17.67%
- Previous Year's Net Profit (FY 2024): ₹0.27 Crore
- Q4 FY 2025 Revenue: ₹114.51 Crore
- Q3 FY 2025 Revenue: ₹99.87 Crore
Sales for the year ended March 2025 increased by 17.67% to ₹430.26 Crore, up from ₹365.64 Crore in the previous fiscal year. However, the company reported a net loss of ₹3.79 Crore for the year ended March 2025, a shift from a net profit of ₹0.27 Crore recorded in the prior year.
Promoter holding in TVS Electronics Ltd remained stable at 59.91% as of March 2025, consistent with the holding in June 2024. The company underwent significant ownership restructuring between 2022-23, following a Memorandum of Family Arrangement (MFA) executed by the TVS Family on December 10, 2020. This arrangement aimed to align ownership and control of various companies. A Composite Scheme of Amalgamation and Arrangement, approved by the National Company Law Tribunal (NCLT), Chennai Bench, on December 6, 2021, became effective on January 6, 2022. Subsequently, TVS Investments Private Limited (TVSI) amalgamated with Geeyes Family Holdings Private Limited (GFHPL) on February 4, 2022. Consequently, the 1,11,60,093 equity shares (representing 59.84% shareholding) previously held by TVSI were vested with GFHPL. This made GFHPL and Mr. Gopal Srinivasan, as majority stakeholders in GFHPL, the Promoters of the Company.
- Stock Symbol: TVSELECT
- 52-Week High: ₹555
- 52-Week Low: ₹271.45
- P/E Ratio: -213.86
- P/B Ratio: 8.20
- Sector: Information Technology
- Sub-sector: Technology Hardware
TVS Electronics operates with a philosophy of "infinite evolution," transforming from a pure-play products company into a customer-centric solutions organization. Beyond its established product lines like printers, keyboards, mice, and POS solutions, the company is significantly expanding its service offerings. This includes a focus on complete after-sales lifecycle management for products, positioning TVS-E as a preferred choice for diverse technology needs.
The company is committed to continuous innovation and the expansion of its service portfolio. Recent strategic diversification efforts include piloting new service offerings such as extended warranty plans and specialized services for Bio-Medical equipment during FY2021. This forward-looking approach enables TVS Electronics to effectively capitalize on emerging opportunities within the dynamic technology hardware and services sector, aiming to solidify its market presence and drive future growth.
