Amalgamations Group

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Amalgamations Group
Company typePublic, Limited
IndustryConglomerate
Founded1945; 79 years ago (1945)
FounderS. Anantharamakrishnan
HeadquartersChennai, Tamil Nadu, India
Key people
S. Anantharamakrishnan (Chairman)
ProductsTractors, Diesel engines, Automobile parts, Tea plantation, Retail stores
Revenue₹83 billion (2020)
₹30.44 billion (2020)
Number of employees
12,000 (2016)
Websitehttp://amalgamationsgroup.co.in/

The Amalgamations Group (a.k.a. Simpson Group) is an Indian business conglomerate based in Chennai which has several business interests in Manufacturing Tractors, Automobile ancillaries, Plantation, Trading and services.[1] The most notable being the Tractors and Farm Equipment Limited (Better known as TAFE), Simpsons & Company, Bimetal Bearings, India Pistons, T. Stanes & Co, Amco Batteries, Higginbotham's and Addisons Paint. The group today has over 47 companies with 50 manufacturing plants.[2][3]

History[edit]

The Amalgamations Group was established by S. Anantharamakrishnan[4] who during the early 1940s was a Director at Simpsons & Co. In 1945 he took over the management and later consolidated several British owned companies with interests in plantation, engineering, trading and services.[5][6] According to popular Chennai historian S. Muthiah, the successful takeover was the result of an overheard conversation at a Hotel Connemara.[6]

External links[edit]

References[edit]

  1. ^ "Tata Sons chairman to get MMA Business Leadership Award". The Times of India. 27 February 2024.
  2. ^ Anand, N. (11 April 2024). "Amalgamations arm Simpsons plans to develop e-power weeders". The Hindu.
  3. ^ Vijayakumar, Sanjay (6 October 2023). "NCLAT rules in favour of Amalgamations Ltd., rejects appeal filed by minority shareholder". The Hindu.
  4. ^ Muthiah, S. (21 May 2003). "The road to amalgamation". The Hindu. Archived from the original on 10 July 2003.
  5. ^ Parthasarathy, Anusha (15 November 2011). "Survivors of Time: Higginbothams". The Hindu. Chennai, India.
  6. ^ a b Muthiah, Pg 53