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]
 | |
| Company type | Public, Limited |
|---|---|
| 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 | ₹83 billion (2020) |
| ₹30.44 billion (2020) | |
Number of employees | 12,000 (2016) |
| Website | http://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]