 | |
 EID Parry head office atParry's Corner, Chennai | |
| Formerly | East India Distilleries |
|---|---|
| Company type | Public |
| BSE: 500125 NSE: EIDPARRY | |
| ISIN | INE126A01031 |
| Founded | 1788 (1788) |
| Headquarters | Chennai,Tamil Nadu, India |
Key people | M. M. Murugappan (Chairman) |
| Products | Sugar, Co-gen,Distillery, Value Added Products,Nutraceuticals & Bio-fertilizers |
| Revenue |  ₹35,283 crore (US$4.0 billion) (FY23)[1] |
| ₹2,520 crore (US$290 million) (FY23)[1] | |
| ₹1,827 crore (US$210 million) (FY23)[1] | |
| Total assets |  ₹15,024 crore (US$1.7 billion)[2] (2020) |
| Total equity | ₹3,519 crore (US$400 million)[2] (2020) |
Number of employees | 2,000+ |
| Parent | Murugappa Group |
| Subsidiaries |
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| Website | www.eidparry.com |
EID Parry Limited is an Indianpublic company engaged in the manufacture and marketing of sugar and bio-products, headquartered inChennai. EID Parry has been in business since 1788, making it the oldest surviving mercantile name in Chennai.[3] It has many firsts to its credit, including the manufacturing offertilizers (1906) for the first time in theIndian subcontinent.[4]
EID Parry is one of the oldest business entities of theIndian subcontinent and was originated byThomas Parry, aWelshman who came toIndia in the late 1780s. On 17 July 1788, he started a business of banking and piece goods.[5]
By 1819, a partnership firm named "Parry and Dare" Company was founded by Thomas Parry andJohn William Dare.Parry's Corner, one of the most prominentcentral business districts ofChennai, 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 inRanipettai. 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.
TheMurugappa Group 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.
EID Parry set up India's first sugar plant atNellikuppam in 1842. It was India's first private sector company to performResearch & Development. Thesugar division contributes to over 65% of EID Parry's turnover, and around 20% of the sugar production inTamil Nadu is from EID.[6] TheNellikuppam 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 atNellikuppam inCuddalore district,Pugalur inKarur district,Kurumbur inPudukottai district,Pettavaithalai inTrichy district,Pondicherry inPuducherry,Haliyal inKarnataka andSankili inAndhra Pradesh. The combined crushing capacity of all seven plants is 32,500 (TCD) Metric Tonnes of cane per day.
ThePudukottai 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.
ThePugalur 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.
ThePettavaithalai 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 atHaliyal andSankili were merged with EID Parry on 1 April 2012, and the plant atRamdurg in Karnataka is operated on a lease basis.
The bio-products business makes eco-friendly products fromnatural resources. 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 nearCuddalore, Tamil Nadu. TheBangaloreR & D group supports thebusiness by developing new formulations and delivery mechanisms for the application of the Neemazal range of products.[6]
New products from this company include AbdA,[7] SpreadMax, Yieldsmor, and Beemax. The company is now expanding its range of products away fromAzadirachtin, its core product extracted from neem seed kernel.
Acquired from GMR group, EID Parry holds a 65% stake. It merged with EID Parry on 1 April 2012.
EID Parry holds 56.4% of the company.
Operations have been suspended at this 100% EID Parry subsidiary since 31 March 2000.
Parryware is now a 100% subsidiary ofRoca 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 was sold to Lotte Confectionery Co. Ltd, Korea (a confectionery major, part of the $65 BillionLotte Group) 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.
