Corporate Profile

Tractors and Farm Equipment Limited (TAFE), is an Indian tractor major incorporated in 1960 at Chennai, with an annual turnover of INR 93 billion. The third-largest tractor manufacturer in the world and the second largest in India by volumes, TAFE wields about 25% market share of the Indian tractor industry with a sale of over 150,000 tractors (domestic and international) annually and presence in over 100 countries.

Awards and Milestones

1960 Incorporated as a joint venture with MasseyFerguson.
1961 Tractors roll out from the TAFE Sembium plant at Chennai.
1981 Second tractor plant established
Engineering Plastics plant setup
at Doddaballapur near Bangalore.
1995 Star Performer Awards for export excellence since 1995
- Engineering Export Promotion Council, India.
1997 Third tractor plant established at Kalladipatti near Madurai.
2000 Award for Best Employer of People with Disabilities
JRehab
Government of India.
2000 Best Employer Award for providing maximum number of employment opportunities to specially-abled
JRehab
Government of Tamil Nadu .
2002 Second Engineering Plastics plant established at Maraimalai Nagar near Chennai.
2005 Eicher's tractor business based out of Bhopal, Madhya Pradesh, Engines plant at Alwar, Rajasthan, and Transmissions plant at Parwanoo, Himachal Pradesh, acquired under
TAFE Motors and Tractors Limited (TMTL).
2009 Commendation for Significant Achievement on the journey towards Business Excellence
- CII Exim Bank.
2010 TAFE becomes India’s largest exporter of tractors.
2010 US $1 Billion in revenues and sale of 100,000 tractors accomplished.
2010 TAFE’s first overseas plant established at Manisa, Turkey.
2010 Strong Commitment to 5S Award
TAFE Doddaballapur Plant
- Confederation of Indian Industry (CII).
2011 India Manufacturing Excellence Award
TAFE Madurai Plant
- Frost & Sullivan.
2011 JIPM Award for TPM Excellence in Category A
TAFE Sembium Plant
- Japan Institute of Plant Maintenance.
2012 Commendation for Significant Achievement on the journey towards Business Excellence
in the Second Band (550-600)
- CII-EXIM Bank.
2012 NIQR - GKD Outstanding Organization Award
- National Institute for Quality and Reliability.
2012 Green Award
TAFE Madurai Plant
- Tamil Nadu State Government.
2013 TAFE named Best Employers in India, 2013
- Aon Hewitt Best Employers 2.0 | India 2013.
2013 PRCI Chanakya Award - Corporate Citizen of the Year
- Public Relations Council of India.
2013 Manufacturing Supply Chain Operational Excellence Award – Automobiles
- Asia Manufacturing Supply Chain Summit – Second Edition.
2013 JIPM Award for TPM Excellence in Category B
TAFE Engineering Plastics Division
– Doddaballapur Plant
- Japan Institute of Plant Maintenance.
2013 JIPM Award for TPM Excellence in Category B
TAFE Engineering Plastics Division - Maraimalai Nagar Plant
- Japan Institute of Plant Maintenance.
2013 Agriculture Leadership Award
for industry leadership in empowering farms and Indian farmers
- Agriculture Today
2014 TAFE’s second overseas plant inaugurated at
Changshu, China.
2014 National Safety Appreciation
TAFE Sembiam Plant
- National Safety Council, India
2015 Star Performer Award – Large Enterprise (Agricultural Tractors), for outstanding contribution to Engineering Exports for the year 2012-13.
- Engineering Export Promotion Council, India.
2016 Marketer of the Year – Social Impact
TAFE - ‘Be a #FarmDost’ initiative
- Direct Marketers Association, India (DMAI).
2016 Champion of Champions Award
For winning 16 Corporate Collateral Awards at the 10th Global Communication Conclave.
- Public Relations Council of India (PRCI).


History

The Amalgamations Group entered the tractor business in 1960. Simpson & Company was already making Perkins Diesel Engines and the founder chairman of the group, Mr. Anantharamakrishnan's own great interest in agriculture and the Green Revolution in making, made the group grab the opportunity to make tractors when it presented itself.

Standard Motor Products of India Limited had been assembling Massey Ferguson tractors in India for Massey Ferguson India, which was a Bangalore based company handling the entire MF business in India. Massey Ferguson was looking for a company that would, in a phased manner, manufacture its tractors in India and successful negotiations with The Amalgamations Group lead to the group taking over the Bangalore operations and moving it to Chennai, then Madras. The new company was called Tractors and Farm Equipment Limited.

On December 15, 1960, Mr. S. Anantharamakrishnan announced at a press conference at Chennai, his plans to manufacture tractors and implements at Simpson's Industrial Estate in collaboration with Massey Ferguson of Toronto. At that time, the estimated demand for tractors in India was 12,000 tractors per year and TAFE was allocated a capacity of 7,000 tractors a year. Initially 50% of the tractor was built with indigenous content but within two years this rose to 85%. From these early beginnings, we are proud to have risen to a turnover of INR 93 billion and a sale of over 150,000 tractors (domestic and international) in the year 2014-2015, apart from the distinction of being powering forms in over 100 countries.

Financials

TAFE's financial track record is one of consistent profit making, prudent fund management and sound corporate governance. TAFE sets industry standards for various performance parameters like inventory turns and Returns on Capital Employed (ROCE). Among the least leveraged companies in this industry, most of TAFE's expansion plans are financed through internal accruals leading to exceptional ratings by acclaimed credit rating agencies.

  • TRACTOR SALES VOLUME
  • NET TURN OVER

Amalgamations Group

The Amalgamations group is one of India's largest light engineering groups with interests in businesses that are predominantly in automobile components but also extend to diverse areas such as plantations, batteries, printing, book selling, pesticides and plantation products, engineering tools and paints. With a heritage of over 150 years of serving customers from farmers to tycoons the group comprises of 41 companies with manufacturing units spread across India and a workforce of over 15,000 employees. Originally comprising of a few European owned and managed companies, the group is now wholly owned and managed by Indian promoters. The group is well known for its strict adherence to quality in products and services and the highest standards of corporate governance and business ethics. Financial prudence is a hall mark of the group, leading to it being one of the least leveraged of groups with expansions being mostly funded from internal accruals.