Amalgamations Group
Company type | Public, Limited |
---|---|
Industry | Conglomerate |
Founded | 1945; 79 years ago (1945) |
Founder | S. Anantharamakrishnan |
Headquarters | Chennai, Tamil Nadu, India |
Key people | S. Anantharamakrishnan (Chairman) |
Products | Tractors, Diesel engines, Automobile parts, Tea plantation, Retail stores |
Revenue | ₹83 billion (2020) |
Net income | ₹30.44 billion (2020) |
Number of employees | 12,000 (2016) |
Website | http://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
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
- Official website
References
- ^ "Tata Sons chairman to get MMA Business Leadership Award". The Times of India. 27 February 2024.
- ^ Anand, N. (11 April 2024). "Amalgamations arm Simpsons plans to develop e-power weeders". The Hindu.
- ^ Vijayakumar, Sanjay (6 October 2023). "NCLAT rules in favour of Amalgamations Ltd., rejects appeal filed by minority shareholder". The Hindu.
- ^ Muthiah, S. (21 May 2003). "The road to amalgamation". The Hindu. Archived from the original on 10 July 2003.
- ^ Parthasarathy, Anusha (15 November 2011). "Survivors of Time: Higginbothams". The Hindu. Chennai, India.
- ^ a b Muthiah, Pg 53
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