Formerly | East India Distilleries |
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Company type | Public |
BSE: 500125 NSE: EIDPARRY | |
ISIN | INE126A01031 |
Founded | 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$4.4 billion) (FY23) [1] |
₹2,520 crore (US$320 million) (FY23) [1] | |
₹1,827 crore (US$230 million) (FY23) [1] | |
Total assets | ₹15,024 crore (US$1.9 billion) [2] (2020) |
Total equity | ₹3,519 crore (US$440 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 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]
EID Parry is one of the oldest business entities of the Indian subcontinent and was originated by 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. [5]
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 districts 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 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.
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. [6] 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 district, Pugalur in Karur district, Kurumbur in Pudukottai district, Pettavaithalai in Trichy district, Pondicherry in Puducherry, Haliyal in Karnataka and 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 were merged with EID Parry on 1 April 2012, and the plant at Ramdurg in Karnataka is operated on a lease basis.
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. [6]
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.
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 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 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.
Ranipettai is a town in Tamil Nadu, India and the headquarters of Ranipet district. Ranipet is an industrial hub of greater Vellore city. It is located about 100 kilometres (62 mi) from the Chennai city center. It is a major industrial town located on NH 4 Chennai-Bangalore highway, on the northern bank of the Palar River.The estimated population is 397,000 as of 2024.
Karur District is one of the 38 districts in the Indian state of Tamil Nadu. The main town in Karur District is the city of Karur, which is also the district headquarters. The district has a population of 1,064,493 with a sex-ratio of 1,015 females for every 1,000 males, according to 2011 census.
The economy of South India after independence in 1947 conformed to a socialist framework, with strict governmental control over private sector participation, foreign trade and foreign direct investment (FDI). Through 1960–1990, South Indian economies experienced mixed economic growth. In the 1960s, Kerala achieved above-average economic growth, while Andhra Pradesh's economy declined during this period. Similarly, Kerala experienced an economic decline in the 1970s while the economies of Tamil Nadu, Andhra Pradesh, and Karnataka consistently exceeded national average growth rates after 1970. South India first started to overtake the rest of India economically in the 1980s. Andhra Pradesh, Tamil Nadu and Karnataka were noted by some to be more reform-oriented in terms of economic policy when compared to other Indian states. Over the last decade South India has grown at 8% annually. Future economic growth will be shackled by a relatively low proportion of the active age population to the number of dependents. Today, South India has about 20% of India's population, and contributes about 31% of India's GDP; it is projected to contribute 35% by 2030.
Cuddalore District is one of the 38 districts in the state of Tamil Nadu in India.
Tamil Nadu has the second largest state economy in India. The state also hosts the highest number of factories in the country. The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%.
Karnataka is one of the highest economic growth states in India with an expected GSDP growth of 9.5% in the 2021–22 fiscal year. The total expected GSDP of Karnataka in 2022–2023 is about $240 billion. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP, followed by the secondary sector, and the primary sector.
Velayuthampalayam is a town located in Karur District in the Indian state of Tamil Nadu. It comes under the jurisdiction of Pugalur municipality. This town is situated on the footsteps of Pugali Malai Arunattan Malai, which houses Lord Murugan. The river Cauvery is 3 kilometers away from the town. It is very close to TNPL Kagithapuram. The adjacent places are TNPL Kagithapuram, Thottakuritchi and Karappalayam.
Coromandel International Limited is an Indian agrochemicals company which makes crop protection products. Originally named Coromandel Fertilisers, the company makes fertilizers, pesticides and specialty nutrients. Coromandel International is part of Murugappa Group and a subsidiary of EID Parry, which holds a 62.82% stake in the company.
Arunachalam Vellayan is a member of the Murugappa family and the vice-chairman of the Murugappa Group, based in Chennai, India. In February 2018, he stepped down as chairman of the group, ceding the spot to his cousin M.M.Murugappan. He is the Chairman of Coromandel International Limited and EID Parry (India) Ltd. He is also the Chairman of the Fertiliser Association of India, and is a Director in AMM Educational Foundation and Kanoria Chemicals and Industries Ltd, Calcutta.
The Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu to produce newsprint and writing paper using bagasse, a sugarcane residue. The Government of Tamil Nadu listed the paper mill in April 1979 under the provisions of the Companies Act of 1956. The factory is situated at Kagithapuram 11.0488°N 77.9977°E in the Karur District of Tamil Nadu and Manapparai, Trichy district of Tamil Nadu. The registered office of the company is located in Guindy, Chennai.
Pugalur is a municipality in Karur district in Tamil Nadu, India. It has two parts: Nanjai Pugalur and Punjai Pugalur. Nanjai refers to land with plenty of water, and Punjai refers to land with few bodies of water.
Bramhani Industries Limited also known as Brahmani Steels and Bramhani Steels is an Indian iron and steel company promoted by Obulapuram Mining Company and G. Janardhana Reddy. The company is building a 1.7 metric tonnes per annum steel plant in Kadapa district of Andhra Pradesh. The company has announced plans to source state of the art steel equipment from China. The company has also proposed to build a 6 million metric ton steel plant in Bellary. JSW steel is said to be in talks for partial ownership of OMC. Bramhani steels and Obulapuram are linked to illegal mining of Iron ore in Karnataka.
Kakira Sugar Works Limited, often called Kakira Sugar Works, is a leading sugar manufacturer in Uganda, the third-largest economy in the East African Community.
Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Limited., Net Access India Ltd and Wendt (India) Ltd.
Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.
Sitharasur is a small village panchayat in Panruti Taluk in Cuddalore District in Tamil Nadu, India. Annagramam, Panruti, Palur, Cuddalore, are the nearby towns to Sitharasur. Sitharasur is reachable by Melpattampakkam Railway Station, Panruti Railway Station, and Nellikuppam Railway Station.
The Sakthi Group is an Indian multinational conglomerate with operational areas in India, China, Europe, Middle East and United States. The group has operations in Sugar, Dairy, Industrial Alcohol, Automobile distribution and components, Transportation, Energy, Textiles, IT, Education and Healthcare. N. Mahalingam is the Founder. The group has automotive dealerships for leading brands of Maruti Suzuki and Tata vehicles in various places in South India. The group is also involved in Petrol Pump Operations, Indane LPG Distribution and the sale of consumer products and electronics. It also has a footprint in the textiles industries with Sri Sakthi Textiles Ltd.
Uganda is the largest producer of granular brown sugar in the East African Community, accounting for about 500,000 metric tonnes annually as of May 2017. By 2021, national annual sugar output had increased to about 600,000 metric tonnes of brown sugar and 60,000 metric tonnes of industrial sugar. In October 2022, it was projected that the country would produce 822,000 metric tonnes in calendar year 2022. Of that, about 720,000 metric tonnes would be brown table sugar and about 102,000 metric tonnes would be white industrial sugar.
Ranipet district is one of the 38 districts of Tamil Nadu, India, formed by trifurcating Vellore district. The Government of Tamil Nadu has announced its proposal on 15 August 2019, together with Tirupattur district. However, it was officially declared on 28 November 2019 by Tamil Nadu Government. The town of Ranipet would serve as the district headquarters.