Amalgamations Group

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]

Amalgamations Group
Company typePublic, Limited
IndustryConglomerate
Founded1945 (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/

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]

References
  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. Muthiah, Pg 53
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