Chandrasekaran family's '436-cr TVS connection raising governance questions
India, Oct. 2 -- What initially appeared to be a single business transaction in Tamil Nadu has now emerged as a broader commercial relationship spanning two states and projects worth an estimated '436 crore. Documents show that Hanno One Warehousing, a company linked to Tata Sons Chairman N Chandrasekaran's wife Lalitha and son Pranav, has been associated with two TVS-linked projects. In November 2025, Hanno One sought 35 acres in the Immavu Industrial Area near Mysuru, according to minutes of the Karnataka Land Audit Committee. The proposed project was described as an industrial park for auto-component manufacturing and supply to TVS Motor and its Tier-1 suppliers. The proposed investment was around '330 crore, while the Karnataka Indust...
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