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. The most notable being the Tractors and Farm Equipment Limited (Better known as TAFE), Simpsons & Company, T. Stanes & Co, Amco Batteries, Higginbotham's and Addisons Paint. The group today has over 47 companies with 50 manufacturing plants.
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| Type | Public, Limited |
|---|---|
| BSE: xxxx | |
| Industry | Conglomerate |
| Founded | 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 | INR 83 billion (2020) |
| INR 30.44 billion (2020) | |
Number of employees | 12,000 (2016) |
| Website | http://amalgamationsgroup.co.in/ |
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The Amalgamations Group was established by S. Anantharamakrishnan[1] 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.[2][3] According to popular Chennai historian S. Muthiah, the successful takeover was the result of an overheard conversation at a Hotel Connemara.[3]
External links
References
- Muthiah, S. (21 May 2003). "The road to amalgamation". The Hindu.
- Parthasarathy, Anusha (15 November 2011). "Survivors of Time: Higginbothams". The Hindu. Chennai, India.
- Muthiah, Pg 53
