EID Parry
Parent Murugappa Group | | |
Subsidiaries |
| |
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Website | www.eidparry.com |
EID Parry Limited is an Indian public company engaged in the manufacture and marketing of sugar and bio-products, headquartered in Chennai. 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 of fertilizers (1906) for the first time in the Indian subcontinent.[4]
Origin and history
EID Parry is one of the oldest business entities of the
By 1819, a partnership firm named "Parry and Dare" Company was founded by Thomas Parry and
In 1908 Parry & Company set-up ‘The Pottery’ unit in
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 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
EID Parry has 7 plants in the country situated at
The
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
Sugar Plants of EID Parry Group
- Nellikuppam in Cuddalore District,
- Pugalur in Karur District,
- Kurumbur, Aranthangi Taluk in PudukottaiDistrict,
- Trichydistrict,
- Pondicherry, in Puducherry
- Bagalkot, in Karnataka.
- Haliyal, in Karnataka
- Sankili, in Andhra Pradesh.
Bio-products
The bio-products business makes eco-friendly products from
New products from this company include AbdA,[7] 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
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
- ^ a b c "Annual Report 2023" (PDF). EID Parry.
- ^ a b "EID Parry (India) Consolidated Balance Sheet, EID Parry (India) Financial Statement & Accounts". www.moneycontrol.com. Retrieved 2 July 2020.
- ^ "1751 A.D. to 1800 A.D." History of Chennai. ChennaiBest.com. Archived from the original on 6 June 2012. Retrieved 20 January 2013.
- ^ "The Company - About Us". EID Parry. 2011. Archived from the original on 16 May 2012. Retrieved 15 June 2012.
- ^ "The Hindu : The house that Parry built". thehindu.com. Archived from the original on 12 March 2003. Retrieved 15 January 2022.
- ^ a b Analysis report Archived 7 February 2012 at the Wayback Machine
- ^ "Murugappa Group | Companies | EID Parry (India) Limited | Bio Products Division". Murugappa.com. 26 June 2007. Retrieved 15 June 2012.
External links
- Eid Parry (India) Ltd. Archived 9 September 2021 at the Wayback Machine
- The Hindu - The house that Parry built[usurped]