CleanupBot II at 22:22, 13 August 2023

2023-08-13T22:22:40Z

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{{Use dmy dates|date=November 2018}}
{{Use Indian English|date=November 2018}}
{{Infobox company
| name = EID Parry (India) Limited
| logo = EID Parry Logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{BSE|500125}}
{{NSE|EIDPARRY}}
| foundation = 1788
| location = [[Chennai]]
| key_people = [[M M Murugappan]] (Chairman)
| revenue = {{Increase}} {{INRConvert|17147.80|c}} <ref name=p>{{Cite web|title=EID Parry (India) Consolidated Profit & Loss account, EID Parry (India) Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/eidparry(india)/consolidated-profit-lossVI/EID|access-date=2020-07-02|website=www.moneycontrol.com|language=en}}</ref>
| revenue_year = 2020
| operating_income = {{Increase}} {{INRConvert|1268.57|c}} <ref name=p/>
| income_year = 2020
| ISIN = INE126A01031
| industry = [[Sugar]], [[Co-gen]], [[Distillery]], [[Value Added Products]], [[Nutraceuticals]] & [[Bio-fertilizers]]
| net_income = {{Increase}} {{INRConvert|467.87|c}} <ref name=p/>
| net_income_year = 2020
| assets = {{Decrease}} {{INRConvert|15024.02|c}} <ref name=b>{{Cite web|title=EID Parry (India) Consolidated Balance Sheet, EID Parry (India) Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/eidparry(india)/consolidated-balance-sheetVI/EID|access-date=2020-07-02|website=www.moneycontrol.com|language=en}}</ref>
| assets_year = 2020
| equity = {{Increase}} {{INRConvert|3519.48|c}} <ref name=b/>
| equity_year = 2020
| num_employees = Nearly 50,000
| parent = [[Murugappa Group]]
| subsid = Coromandel International Limited, Sadhasiva Sugars India Limited and US Nutraceuticals LLC
| homepage = [http://www.eidparry.com/ www.eidparry.com]
}}

[[File:EID Parry headquarters.jpg|thumb|right|The Parry head office at [[Parry's Corner]]]]
[[File:Thomas Parry.jpg|thumb|[[Thomas Parry (Chennai merchant)|Thomas Parry]]]]
'''East India Distilleries (EID) Parry''' Limited is a [[public company]] headquartered in [[Chennai]], [[Tamil Nadu]] that has been in business for more than 225 years. It has many firsts to its credit, including the manufacturing of [[fertilizer]]s (1906) for the first time in the [[Indian subcontinent]]. The company is currently engaged in the manufacture and marketing of sugar and bio-products.<ref>{{cite web |author=2011 |url=http://www.eidparry.com/the-company/about-us.aspx |title=The Company - About Us |publisher=EID Parry |access-date=2012-06-15 |archive-url=https://web.archive.org/web/20120516220638/http://www.eidparry.com/the-company/about-us.aspx |archive-date=16 May 2012 |url-status=dead }}</ref> Parry's is the oldest surviving mercantile name in Chennai.<ref>{{cite web| title =1751 A.D. to 1800 A.D.| work =History of Chennai| publisher =ChennaiBest.com| url =http://www.chennaibest.com/discoverchennai/sightseeing/history/1751.asp| access-date =20 Jan 2013| url-status =dead| archive-url =https://web.archive.org/web/20120606182012/http://www.chennaibest.com/discoverchennai/sightseeing/history/1751.asp| archive-date =2012-06-06}}</ref>
{{toclimit|3}}

==Origin and history==

EID Parry is one of the oldest business entities of the [[Indian subcontinent]] and was originated by [[Thomas Parry (Chennai merchant)|Thomas Parry]], a [[Welshman]] who came to [[India]] in the late 1780s. On 17 July 1788, he started a business of banking and piece goods.<ref>[https://web.archive.org/web/20030312235950/http://thehindu.com/thehindu/mp/2002/12/11/stories/2002121100070300.htm ]</ref>

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]]s of [[Chennai]], 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 Distileries & 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]] 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 & Development]]. The [[sugar]] division contributes to over 65% of EID Parry's turnover, and around 20% of the sugar production in [[Tamil Nadu]] is from EID.<ref name="Analysis report">[http://www.eidparry.com/analysisreport.asp Analysis report] {{webarchive |url=https://web.archive.org/web/20120207165914/http://www.eidparry.com/analysisreport.asp |date=7 February 2012 }}</ref> 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.

EID Parry has 7 plants in the country situated at [[Nellikuppam]] in [[Cuddalore]] district, [[Pugalur]] in [[Karur]] district, [[Kurumbur]] in [[Pudukottai]] district, [[Pettavaithalai]] in [[Trichy]] district, [[Pondicherry (city)|Pondicherry]] in [[Puducherry (union territory)|Puducherry]], [[Haliyal]] in [[Karnataka]] and [[Sankili, Srikakulam|Sankili]] in [[Andhra Pradesh]]. 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, Srikakulam|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 [[Cuddalore]] District,
* [[Pugalur]] in [[Karur]] District,
* Kurumbur, Aranthangi Taluk in [[Pudukottai]] District,
* [[Pettavaithalai]] in [[Trichy]] district,
* [[Pondicherry (city)|Pondicherry]], in [[Puducherry (union territory)|Puducherry]]
* [[Bagalkot]], in [[Karnataka]].
* [[Haliyal]], in [[Karnataka]]
* [[Sankili, Srikakulam|Sankili]], in [[Andhra Pradesh]].

===Bio-products===
The bio-products business makes eco-friendly products from [[natural 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 near [[Cuddalore]], Tamil Nadu. The [[Bangalore]] [[R & D]] group supports the [[business]] by developing new formulations and delivery mechanisms for the application of the Neemazal range of products.<ref name="Analysis report"/>

New products from this company include AbdA,<ref>{{cite web|url=http://www.murugappa.com/companies/eidparry/BioProducts_index.htm |title=Murugappa Group | Companies | EID Parry (India) Limited | Bio Products Division |publisher=Murugappa.com |date=2007-06-26 |access-date=2012-06-15}}</ref> 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 62.69% 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]]) 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 [Division]
* 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==
{{reflist}}

==External links==
*[http://www.eidparry.com/ EID PARRY (India) Ltd.]
*[http://www.hinduonnet.com/thehindu/mp/2002/12/11/stories/2002121100070300.htm The Hindu - The house that Parry built]
{{Murugappa Group}}
{{Chennai topics}}

{{DEFAULTSORT:Eid Parry}}
[[Category:Manufacturing companies based in Chennai]]
[[Category:Sugar companies of India]]
[[Category:Companies established in 1788]]
[[Category:1788 establishments in British India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Murugappa Group]]

EID Parry - Revision history

CleanupBot II at 22:22, 13 August 2023