Amalgamations Group
{{Short description|Indian conglomerate}}
{{Use dmy dates|date=June 2018}}
{{Use Indian English|date=June 2018}}
{{Infobox company
| name = Amalgamations Group
| logo = Amalgamations - logo.gif
| logo_size = 180px
| logo_alt = Amalgamations Group Logo
| type = Public limited
| traded_as =
| foundation = {{Start date and age|1945}}
| location = Chennai, Tamil Nadu, India
| founder = S. Anantharamakrishnan
| key_people = A. Krishnamoorthy
{{small|(Chairperson)}}
| num_employees = 12,000 (2016)
| industry = Conglomerate
| products = {{Bulleted_list|Tractors|Diesel engines|Automobile parts|Tea plantation|Retail stores}}
| revenue = {{currency|83|INR}} billion (2020)
| net_income = {{INR|30.44}} billion (2020)
| homepage = {{URL|http://www.amalgamationsgroup.co.in/}}
}}
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.{{cite web |title=Tata Sons chairman to get MMA Business Leadership Award |url=https://timesofindia.indiatimes.com/city/chennai/tata-sons-chairman-n-chandrasekaran-to-receive-mma-business-leadership-award/articleshow/108027508.cms |website=The Times of India |date=27 February 2024}} The most notable being the Tractors and Farm Equipment Limited, 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.{{cite web |last1=Anand |first1=N. |title=Amalgamations arm Simpsons plans to develop e-power weeders |url=https://www.thehindu.com/business/amalgamations-arm-simpsons-plans-to-develop-e-power-weeders/article68053907.ece |website=The Hindu |language=en-IN |date=11 April 2024}}{{cite web |last1=Vijayakumar |first1=Sanjay |title=NCLAT rules in favour of Amalgamations Ltd., rejects appeal filed by minority shareholder |url=https://www.thehindu.com/news/national/tamil-nadu/nclat-rules-in-favour-of-amalgamations-ltd-rejects-appeal-filed-by-minority-shareholder/article67388575.ece |website=The Hindu |language=en-IN |date=6 October 2023}}
History
The Amalgamations Group was established by S. Anantharamakrishnan{{cite news|title=The road to amalgamation|url=http://www.thehindu.com/thehindu/mp/2003/05/21/stories/2003052100120300.htm|archive-url=https://web.archive.org/web/20030710145510/http://www.thehindu.com/thehindu/mp/2003/05/21/stories/2003052100120300.htm|url-status=dead|archive-date=10 July 2003|date=21 May 2003|work=The Hindu|first=S.|last=Muthiah|authorlink=S.Muthiah}} 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.{{cite news| url=http://www.thehindu.com/arts/history-and-culture/article2630077.ece | location=Chennai, India | work=The Hindu | first=Anusha | last=Parthasarathy | title=Survivors of Time: Higginbothams | date=2011-11-15}}Muthiah, Pg 53 According to popular Chennai-based historian S. Muthiah, the successful takeover was the result of an overheard conversation at a Hotel Connemara.
References
{{Reflist}}
External links
- [http://amalgamationsgroup.co.in/ Official website]
{{Engineering fields}}
{{Chennai topics}}
Category:Engineering companies of India
Category:Companies based in Chennai
Category:Conglomerate companies established in 1945
Category:Diesel engine manufacturers
Category:Indian companies established in 1945
Category:Companies listed on the Bombay Stock Exchange
{{India-company-stub}}