Amalgamations Group
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Indian conglomerate
Company typePublic limited
IndustryConglomerate
Founded1945; 81 years ago (1945)
FounderS. Anantharamakrishnan
 | |
| Company type | Public limited |
|---|---|
| Industry | Conglomerate |
| Founded | 1945; 81 years ago (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 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]
The group today has over 47 companies with 50 manufacturing plants.[2][3]
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]
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.
- 1 2 Muthiah, Pg 53
External links
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