Two-wheeler giant TVS on Thursday revealed its plans to merge two of its investments subsidiaries, viz. TVS Capital Funds Ltd and TVS-E Service Tec, with itself.

Announcing the restructuring of the business, TVS family scion Gopal Srinivasan the move reinforce the company's balance sheet.

In this regard, TVS Investments and the two subsidiaries have already filed an application with the Madras High Court. Net worth of TVS Investments has been pegged at around Rs 100 crore.

Reports suggest that a restructuring move at Sundaram Clayton Ltd last year earmarked separate businesses for Venu Srinivasan (chairman & managing director of Sundaram Clayton) and his brother Gopal Srinivasan. Venu Srinivasan currently heads TVS Motor, while Gopal Srinivasan is the chief of TVS Investments and TVS Electronics.

The reports also say that the restructuring plan would merge TVS Capital Funds and its sister firm TVS E-Service TEC into TVS Investments. The merged entity will reportedly be called TVS Capital Funds.

Officials from the group companies believe that inclusion of businesses like structured finance and wealth management advisory into one entity would be beneficial to all investors of the two funds managed by TVS Capital.