About us

The Associated Auto Parts Private Limited was established and incorporated on 15th January 1944 as a Private Limited Company at Bombay (now Mumbai) as an Authorized Jobber for General Motors. It was started primarily for distributing GM parts in Western India and was promoted by four promoter families. It was the pioneering effort by the families in the trade of Auto Spare Parts Distribution business, 78 years ago, in Western India.

 

In May 2008, three of the four original Promoter families desired to exit the business while, one of the Promoter families wished to continue to pursue the business and hence by a unanimous consensus invited T V Sundram Iyengar & Sons Limited, Madurai (now a Private Limited Company) a leading South India based Corporate and reputed Business House in India since last 110+ years with a turnover equivalent to USD 7 Billion as on 2021, to acquire the stake of the exiting 3 families and invest to carry forward the goodwill and legacy of the Company established in 1944. The Company thus became a Joint Venture Subsidiary of T V Sundram Iyengar & Sons Private Limited (TVS) in the year 2008 with the remaining Promoter – Rasesh Associates (R A Doshi family) choosing to stay invested continuing to manage the business with the active support of the Holding Company. There has also been a substantial infusion of fresh equity capital by way of a Rights issue in September, 2008. With this, the company has also been re-capitalised, which has been one of the reasons for the Company to grow rapidly, the benefits of which have accrued to all the stake holders.

 

Effective 29th March, 2022 the holding company of the company and JV partner is TVS Mobility Private Limited (T S Rajam Group) post the formal family arrangement and represented by family member Mr. Dinesh Ramachandran.