Amalgamations Group
Indian conglomerate
From Wikipedia, the free encyclopedia
The Amalgamations Group, formerly called 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]
| |
| Company type | Public limited |
|---|---|
| Industry | Conglomerate |
| Founded | 1945 |
| Founder | S. Anantharamakrishnan |
| Headquarters | Chennai, Tamil Nadu, India |
Key people | A. Krishnamoorthy (Chairperson) |
| Products |
|
| Revenue | ₹83 billion (2020) |
| ₹30.44 billion (2020) | |
Number of employees | 12,000 (2016) |
| Website | www |
The group today has over 47 companies with 50 manufacturing plants.[2][3]
Businesses
The most notable businesses operated by the group are as follows:
- Tractors and Farm Equipment Limited
- Amco Batteries
- Simpsons & Company
- Bimetal Bearings
- India Pistons
- T. Stanes & Co
- Higginbotham's
- Addisons Paint
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-based historian S. Muthiah, the successful takeover was the result of an overheard conversation at a Hotel Connemara.[6]
