Tube Investments India to demerge manufacturing, finance arms by June: MD

TII MD L Ramkumar also talks about how the company intends to incubate, execute new ideas

Tube Investments of India (TII), one of Murugappa Group's major businesses, last year decided to demerge its manufacturing business undertaking, including manufacture of tubes and components, bicycles and fitness products and chains for auto and industrial sectors, into a wholly owned subsidiary called TI Financial Holdings Ltd. Currently, it is also looking at investing in start-ups and has evaluated a few already. In an interaction with Gireesh Babu, TII Managing Director (MD) L RAMKUMAR explains the strategy and plans of the company. Edited excerpts:

What is the status of your plans to demerge the manufacturing business?

Today, TII is a