MyTVS Franchise
Multi-brand car service network of TVS Automobile Solutions; franchise model reported in press but no terms or amounts are published.
We couldn't confirm MyTVS is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
We could not find a franchise, partner or garage-joining page on myTVS's own sites (mytvs.in has a customer Servicing page, login and helpline only; mytvs.com is an accessories shop). The franchise model is described only in press: in a 2 Aug 2024 interview the managing director said myTVS charges an upfront fee, a monthly fee and a compliance code. No amounts or terms are published, so we cannot confirm that new franchise partners are being taken on today.
Mobility Outlook interview with myTVS managing director, 2 Aug 2024; myTVS sites read 1 Nov 2026MyTVS franchise at a glance (terms checked Nov 2026)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
- Company standing: Active and up to date with the registrar
Outlets
1,000 (brand claim)
What we couldn't verify
- โข Outlet closures
- โข Franchisee satisfaction
- โข Disputes with franchisees
- โข Profit or loss
Ask before you sign
- Get written confirmation that MyTVS is taking franchisees at all before paying anything โ see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
Franchise terms checked against MyTVS servicing site (no franchise page published) on 1 Nov 2026. Figures marked * aren't published by the brand โ they come from other published sources or our own estimate, and aren't verified.
Ways to Partner with MyTVS
1 partner model published by the brand. Figures it doesn't publish are left blank.
myTVS franchise garage (as described in press)
Described in a 2 Aug 2024 interview: franchisees pay an upfront fee, a monthly fee and follow a compliance code; modular outlet format. No amounts, area or term published.
Reported Elsewhere
Not verifiedMyTVS doesn't publish these figures. Other sources have reported them, so they're here to give you a rough idea only. They may be out of date or wrong, and the real numbers can differ a lot โ get them from the brand in writing before you decide.
- Garages claimed in the wider myTVS network (includes independent garages that buy parts and use the platform), Oct 2023Reported by Motorindia interview with myTVS managing director, 20 Oct 2023, 2023-10-20 ยท Not comparable with the roughly 1,000-garage physical network described in 2024 and 2026; the interview does not define 'franchisee'.
- over 23,000 garages; over 3,000 franchisees; 22,000 retailers*
- Revenue FY25 (year to 31 Mar 2025), as reported by Autocar ProReported by Autocar Pro, 12 Oct 2026, 2026-10-12 ยท Company-wide, not per garage. Press-reported ('financials on record'); not read from a filing by us.
- Rs 1,908.78 crore, up 6% on FY24*
- Net loss FY25 and FY24, as reportedReported by Autocar Pro, 12 Oct 2026, 2026-10-12 ยท Company-wide, press-reported; not read from a filing by us.
- Rs 181.31 crore (FY25); about Rs 139 crore (FY24); EBITDA about minus Rs 20 crore in FY25*
Reputation & News
1 red flag to checkWhat the press, courts and real franchisees or customers have said about MyTVS โ summarised by us, with every source linked.
- In the newsยท 2026-10-12
Company continues to report net losses while raising Series D
Autocar Pro (12 Oct 2026) reports that TVS Automobile Solutions raised about Rs 424 crore (US$44.12 million) from Crescent Enterprises 'even as it continues to report net losses': FY25 net loss Rs 181.31 crore on revenue of Rs 1,908.78 crore, negative EBITDA of Rs 20.04 crore; FY24 net loss about Rs 139 crore. Figures are press-reported ('financials on record'), not read from a filing by us.
Source: Autocar Pro - In the news
Company announces partnership with Crescent Enterprises
The company's Series D release describes myTVS as an online-to-offline multi-brand vehicle service platform with more than 1,000 garages and 10,000 retailers, and plans expansion in India and the Middle East and North Africa.
Source: Zawya press release - regulatory
Free company-data mirror: no insolvency or winding-up flag; 14 registered charges; loss-making ratios (unverified)
Tofler's free page (read 1 Nov 2026) lists the company as Active, shows no insolvency, strike-off or winding-up entry for it, lists 14 registered charges (for example RBL Bank Rs 175 crore created Apr 2025 and Axis Trustee Services Rs 116.8 crore created Jul 2025) and negative profit margins with no fiscal year stated; revenue figures on the page conflict. Registered charges are not a debt total. Not verified on MCA21, NCLT or IBBI. Strike Off flags on the page apply to three other group entities, not this company.
Source: Tofler (free tier)
Legal & Contract Summary
Key contract terms at a glance โ read before you sign.
Agreement Type
Not specifiedContract Duration
โRenewal Available
โTerritory Exclusivity
โNon-Compete Clause
โExit Clause
โAbout the Brand
Brand USP
Multi-brand car service and repair network from TVS Automobile Solutions, sold through franchise-owned and company-owned garages.
Why invest in MyTVS?
MyTVS by the Numbers
As stated by the brandMore than 1,000
Garages in physical service network (company claim) ยท Oct 2026
Brand claimAbout 90%
Share of outlets franchise-owned (managing director) ยท Aug 2024
Brand claimMyTVS Outlet Network
By channel ยท Oct 2026
- Garages in myTVS's physical service network ('more than 1,000'), company claim1,000
- Franchise-owned outlets, about 90% of about 1,000 outlets, as stated by the managing director900
- Company-owned outlets, about 10% of about 1,000 outlets, as stated by the managing director100
Company Health Check
What MyTVS's franchisor company has filed with the registrar and the courts โ the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Annual filings
- Up to date
- Paid-up capital
- โน17.13 Cr
Group companies
- TVS Mobility Grouppromoter
- Crescent Enterprises (CE-Invests)shareholder
Source: Tofler (free tier) and Instafinancials, read 1 Nov 2026; not verified on MCA21, NCLT or IBBI (checked 1 Nov 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- TVS Automobile Solutions Pvt. Ltd.
- Company type
- Private Limited Company (unlisted)
- CIN
- U34100TN2009PTC071439
- Incorporated
- 2009-04-24
- Headquarters
- Chennai, Tamil Nadu (per myTVS's accessories site); registered office listed in Madurai by company-data sites
Leadership
- GG Srinivasa RaghavanManaging Director (as quoted in 2023 and 2024 interviews); whole-time director per Tofler
MyTVS Timeline
2009-04
TVS Automobile Solutions incorporated
Incorporated 24 Apr 2009 per company-data sites (CIN prefix and date agree on three sites).
Source2020-11
Seed round led by Mahindra
Autocar Pro reports a Mahindra-led seed round in Nov 2020, size undisclosed.
Source2026-10
Series D of about US$44 million
Round led by Crescent Enterprises (CE-Invests) to expand the myTVS network in India and the Middle East and North Africa.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow MyTVS looks once the numbers are checked side by side.
- โBrand operating for 17 yearsFounded in 2009. The brand doesn't state when franchising began.
- !1 red flag in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
36%
- โ Terms checked against the brand's own page
- โ Published investment (not an estimate)
- โ Franchise fee
- โ Royalty
- โ ROI or payback claim
- โ Agreement term
- โ Training details
- โ Outlet cities verified
- โ Company financials
- โ Legal entity
- โ News & public opinion checked
Ask Before You Sign
Questions tailored to what MyTVS does and doesn't publish.
- 1Get written confirmation that MyTVS is taking franchisees at all before paying anything โ see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Ask the brand to respond to each red flag listed under Reputation & News.
- 7Have a lawyer review the franchise agreement before paying anything.
- 8Visit 2โ3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
โ
Staff Needed
โ
Setup Time
โ
Owner Involvement
Full-time
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Training Cost
Covered by franchisor
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
What MyTVS franchisees say
We haven't yet heard from enough MyTVS franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a MyTVS outlet โ share how it went
