EID Parry Limited is an Indian

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

engaged in the manufacture and marketing of sugar and bio-products, headquartered in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

. EID Parry has been in business since 1788, making it the oldest surviving mercantile name in Chennai. It has many firsts to its credit, including the manufacturing of

fertilizer A fertilizer or fertiliser is any material of natural or synthetic origin that is applied to soil or to plant tissues to supply plant nutrients. Fertilizers may be distinct from liming materials or other non-nutrient soil amendments. Man ...

s (1906) for the first time in the

Indian subcontinent The Indian subcontinent is a physiographic region of Asia below the Himalayas which projects into the Indian Ocean between the Bay of Bengal to the east and the Arabian Sea to the west. It is now divided between Bangladesh, India, and Pakista ...

Origin and history

EID Parry is one of the oldest business entities of the

and was originated by Thomas Parry, a Welshman who came to

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

in the late 1780s. On 17 July 1788, he started a business of banking and piece goods. By 1819, a partnership firm named "Parry and Dare" Company was founded by Thomas Parry and John William Dare. Parry's Corner, one of the most prominent

central business district A central business district (CBD) is the Commerce, commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides wit ...

s of

, derives its name from Parry. Over a period of time, the business established by Parry continued to grow, and its flagship company EID Parry emerged. In 1908 Parry & Company set-up ‘The Pottery’ unit in Ranipettai. Over the years it was named as "Parryware". Parry & Company Limited and East India Distilleries & Sugars Limited were merged to form EID Parry India Limited. In its more than 200-year existence, this house remained active and operated many businesses. The

Murugappa Group Murugappa Group is an Indian conglomerate founded in 1900 by A. M. Murugappa Chettiar. The Group has 29 businesses including 10 companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carbo ...

took over EID Parry in 1981 from financial & public institutions such as Life Insurance Corporation Of India, United Assurance Co, and Unit Trust of India.

Businesses

Sugar

EID Parry set up India's first sugar plant at Nellikuppam in 1842. It was India's first private sector company to perform

research and development Research and development (R&D or R+D), known in some countries as OKB, experiment and design, is the set of innovative activities undertaken by corporations or governments in developing new services or products. R&D constitutes the first stage ...

(R&D). The

sugar Sugar is the generic name for sweet-tasting, soluble carbohydrates, many of which are used in food. Simple sugars, also called monosaccharides, include glucose Glucose is a sugar with the Chemical formula#Molecular formula, molecul ...

division contributes to over 65% of EID Parry's turnover, and around 20% of the sugar production in

Tamil Nadu Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of Indi ...

is from EID.Analysis report
The Nellikuppam Integrated Sugar Complex has a crushing capacity of 6500 metric tonnes per day, its co-generation facilities produce 24.5 MW of power, and its distillery facilities produce 75 kilolitres per day. The Travancore Sugars & Chemicals Ltd. (TSCL) at Valanjavattom Thiruvalla the Sugar division, Distillery division and Blending & Bottling division was originally owned by M/s Parry & Co. Government of Kerala (GOK) took over the company in 1974. EID Parry has 7 plants in the country situated at Nellikuppam in

Cuddalore Cuddalore, also spelt as Kadalur (), is a heavy industries hub and a port city, and headquarters of the Cuddalore District in the Indian state of Tamil Nadu. Situated south of Chennai, Cuddalore was an important city and port during the Britis ...

district, Pugalur in

Karur Karur () is a municipal corporation (India), municipal corporation in the States and union territories of India, Indian state of Tamil Nadu. It is the administrative headquarters of Karur district and is administered by the Karur Municipal Cor ...

district, Kurumbur in Pudukottai district, Pettavaithalai in

Trichy Tiruchirappalli (), also known as Trichy, is a major tier II city in the Indian state of Tamil Nadu and the administrative headquarters of Tiruchirappalli district. The city is credited with being the best livable and the cleanest city of T ...

district,

Pondicherry Pondicherry, officially known as Puducherry, is the Capital city, capital and most populous city of the Puducherry (union territory), Union Territory of Puducherry in India. The city is in the Puducherry district on the southeast coast of Indi ...

in Puducherry, Haliyal in

Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...

and Sankili in

Andhra Pradesh Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...

. The combined crushing capacity of all seven plants is 32,500 (TCD) Metric Tonnes of cane per day. The Pudukottai unit of EID Parry was built at a site that had been rejected as a factory site at the request of the Indian government. It became one of the firm's largest revenue generators. The Pugalur unit was acquired by EID Parry in 1992. The co-generation facilities at Pugalur can produce 22.5 MW of power, and it has a cane crushing capacity of 4000 metric tonnes per day. The Pettavaithalai factory was bought in 1998 and can co-generate 19.6 MW of power. Its cane crushing capacity is 3000 metric tonnes per day. Recently, EID Parry acquired the sugar plants of GMR Group in states like Karnataka and Andhra. The plants at Haliyal and Sankili were merged with EID Parry on 1 April 2012, and the plant at Ramdurg in Karnataka is operated on a lease basis.

Sugar Plants of EID Parry Group

* Nellikuppam in

District, * Pugalur in

District, * Kurumbur, Aranthangi Taluk in Pudukottai District, * Pettavaithalai in

district, *

, in Puducherry * Bagalkot, in

. * Haliyal, in

* Sankili, in

Bio-products

The bio-products business makes eco-friendly products from

natural resources Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest, and cultural value. ...

. Currently, the core of this business is the Neemazal range of products made from neem seed kernel at the company's production facility at Thyagavalli near

, Tamil Nadu. The

Bangalore Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

(R&D) group supports the

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...

by developing new formulations and delivery mechanisms for the application of the Neemazal range of products. New products from this company include AbdA, SpreadMax, Yieldsmor, and Beemax. The company is now expanding its range of products away from azadirachtin, its core product extracted from neem seed kernel.

Subsidiaries

Parrys Sugar Industries Limited

Acquired from GMR group, EID Parry holds a 65% stake. It merged with EID Parry on 1 April 2012.

Coromandel International Limited

EID Parry holds 56.4% of the company.

Other

* Parry Chemicals Limited * US Nutraceuticals LLC * Parry Phytoremedies Private Limited * Parrys Investments Limited * Parry Infrastructure Co Pvt Ltd * Parrys Sugar Limited * Coromandel Brasil Limitada * CFL Mauritius Limited * Sabero Organics Gujarat Limited * Parry Agrochem Exports Limited * Alagawadi Bireshwar Sugars Private Limited * Parry Sugars Refinery India Private Limited (Formerly known as Silkroad Sugar Private Limited)

Former Subsidiaries

Coromandel Bathware

Operations have been suspended at this 100% EID Parry subsidiary since 31 March 2000.

Parryware

Parryware is now a 100% subsidiary of Roca Sanitario S.A. and is known as Roca Bathroom Products Private Limited. It was created as a subsidiary of EID Parry called Parryware Private Limited, then became a joint venture between EID Parry and Roca called Parryware Roca India Private Limited after Roca purchased 45% of its shares. EID Parry later divested its remaining holdings in Parryware Roca India Private Limited to Roca.

Parry Confectionery

Parry Confectionery was sold to Lotte Confectionery Co. Ltd, Korea (a confectionery major, part of the $65 Billion

Lotte Group Lotte Group is a corporate group started by Zainichi Korean businessman Shin Kyuk-ho in South Korea on June 15, 1948, starting with the South Korea, South Korean Lotte Co., composed of Lotte Holdings, Lotte Holdings (Japan) and Lotte Corporati ...

) in 2004. It is now known as Lotte India Corporation Limited, and manufactures Lotte Chocopie, a popular snack across India, along with Coffy Bite, Caramilk, Eclairs and Lacto King.

MEL Systems and Services Electronics Limited

* 1983: Murugappa Group established Murugappa Electronics Limited (present day MEL Systems and Services) * 1993: EID Parry merged Murugappa Electronics Limited with itself as Murugappa Industrial & Technical Services ivision* 1995: **January: EID Parry de-merged Murugappa Industrial & Technical Services as MEL Systems and Services Electronics Limited **December: Murugappa Group exited from electronics business after EID Parry divested MEL Systems and Services Electronics Limited

References

External links

Eid Parry (India) Ltd.
* {{DEFAULTSORT:Eid Parry Manufacturing companies based in Chennai Sugar companies of India Companies established in 1788 1788 establishments in British India Murugappa Group Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange