E.I.D. Parry (India) Limited is a listed company engaged in the business of Sugar and Nutraceuticals. Headquartered in ‘Dare House’ a heritage building, in Chennai, India, the Company is a part of the Murugappa Group, one of India’s leading business conglomerates. Founded in 1788, ‘Parry’ has been a household name for over 225 years. The Company holds the distinction of setting up India’s first sugar plant at Nellikuppam in 1842 and even today continues to pioneer new paths in each of its businesses.
Amongst the leading sugar manufacturers in India, E.I.D. Parry’s sugar plants are spread across South India. These state-of-the-art plants with huge sugarcane crushing capacity, co-generation capacity and Distillery capacity across units are located at Nellikuppam, Pugalur, Pudukottai, Pettavathalai and Sivaganga in Tamil Nadu, Ariyur in Puducherry, Sankili in Andhra Pradesh and Bagalkot, Haliyal and Ramdurg in Karnataka.
E.I.D. Parry is a pioneer and world leader in organic spirulina and micro algal products in the Nutraceuticals space. The highly specialised manufacturing Plants of the Nutraceuticals business for micro algal production are located at Oonaiyur and Saveripuram in Tamil Nadu. The Company also retains a significant presence in the farm inputs business through its subsidiary Coromandel International Limited.
E.I.D. Parry (India), a leading player in sugar with interests in promising areas of Bio-Pesticides and Nutraceuticals, is one of the oldest companies in India and one of the top five sugar producers in the country. The company has many sugar plants spread across South India. The integrated sugar units have been designed to optimize process efficiencies, increase sugarcane recovery ratio and increase energy efficiency through reduced steam and power consumption. E.I.D. Parry continues to be one of the leading producers of international quality sugar, through its innovative process and farmer centric practices.
1788: On July 17th, Thomas Parry, one of the first British traders to see the future that existed in India’s rural areas, establishes his business in India.
1789: Thomas Parry, while also trading in his own name, joins with Thomas Chase in the partnership firm of Chase and Parry.
1790: The firm becomes Chase Parry and Co., with Henry Sewell becoming the third partner.
1792: The partnership is wound up and Parry concentrates on his own trading.
1795: The firm of Thomas Parry and Co. is founded.
1803: Parry acquires the corner site where Parry’s headquarters is still situated.
1819: Parry ventures into partnership with John William Dare and christens the firm “Parry & Dare”.
1834: Parry buys land in Wynaad to develop coffee plantations.
1839: The company is known as Parry & Co. for the first time, a name that is to remain unchanged till 1928.
1842: Parry’s first venue into sugar. Exports of the commodity begin and the Vandipalayam sugar factory, the firm’s first industrial venture is established not far from Cuddalore in what is now south Arcot.
1845: Parry gets its first distillery license. The Nellikuppam sugar factory is opened.
1897: The East India Distilleries and Sugar Factories Limited (EID) is formed in London with John Henry Tod as first Chairman. Parry is appointed as the Managing Agents of the new company which takes over Parrys’ industrial assets.
1906: The Presidency Manure Works begins manufacture of superphosphate and sulphuric acid in Ranipet. Parry enters the fertilizer and chemical business.
1908: The ceramics business commences, with acid jars being made in Ranipet.
1914: E.I.D establishes a confectionary factory in Nellikuppam to be managed by Parry.
1918: Parry’s Engineering Limited is established in Calcutta.
1928: Parry becomes Limited Liability Company and is now known as Parry & Company Limited.
1939: Construction of Dare House begins.
1952: Production of Vitreous Sanitary ware commences at Ranipet.
1961: E.I.D plays a leading role in the promotion of Coromandel Fertilizers Limited.
1975: E.I.D. – Parry (India) Limited is formed and registered in Chennai (Erstwhile Madras).
1981: E.I.D-Parry (EIDP) becomes a part of the Murugappa Group.
2003: Demerger of Farm Inputs Division to Coromandel International Limited (CIL) and CIL Issued shares to E.I.D. Parry Shareholders. Divestment of entire investment in Parrys Confectionery Limited to Lotte Confectionery Company-Korea. Delisting of Equity Shares from London Stock Exchange.
2004: Launches first ever branded sugar -- Parry’s Pure Refined Sugar. Disinvestment of Netlon, General Marketing and Travels Division to Parry Enterprises India Limited.
2005: Sub-Division of equity shares from Rs.10/- per share to Rs.2/- per share. Formation of 50:50 joint venture with ROCA of Spain-World Leaders in Bathroom Products. Acquisition of assets of New Horizon Sugar Mills Limited Puducherry.
2006: Setting up of 18MW Cogen Power Plant at Pudukkottai. Execution of Joint Venture Agreement with Cargill Asia Pacific Holdings PTE Limited and formation of Joint Venture Company-Silk road Sugar Private Limited. Amalgamation of Parry Nutraceuticals Limited with the Company pursuant to High Court order.
2007: Commissions 22MW co-generation power plant at Pugalur factory. Acquiring 51% stake in Phytoremedies Bio Labs Private Limited now called as Parry Phytoremedies Private Limited - Pune, who are specialists in extraction of Carotenoid Lycopene. Sells off majority stake in Parryware Roca Private Limited. Commission of 60KLPD distillery plant at Sivaganga.
2008: Makes strategic investment in US Nutraceuticals LLC-USA through acquisition of 48% stake.
2009: Acquires 76% stake in Sadashiva Sugars Limited and enters the state of Karnataka.
2010: Acquires a majority stake in Parrys Sugar Industries Limited (previously known as GMR Industries Limited) via open offer. Subdivides face value of equity shares from Rs.2 per share to Re.1 per share Sells off entire holding in Roca Bathroom Products Private Limited. Increased the throughput sugarcane capacity to 32500 TCD and co-generation to 146 MW.
2011: Consolidation of operations at Parry Sugar Industries Limited and Sadashiva Sugars Limited. Increased Equity Stake to 100% in Sadashiva Sugars Limited. Increased Voting Rights to 100% in US Nutraceuticals Limited.
2012: The Joint Venture Company, Silkroad becoming a Subsidiary (99%) after EID acquires the entire stake of its Joint Venture Partner, Cargill Asia Pacific Holdings P.T.E. Two units of Parrys Sugar Industries Limited namely Haliyal unit and Sankili unit was merged with E.I.D.-Parry (India) Limited in the year 2012.
2014: Sadashiva Sugars Limited was merged with E.I.D. Parry (India) Limited in the year 2014.
2015: Parry Phytoremedies Private Limited was merged with E.I.D. Parry (India) Limited in the year 2015.
2017: Parrys Sugar Industries Limited was merged with E.I.D.-Parry (India) Limited in the year 2017.
2018: Sale of Bio pesticides Business and Divestment of entire shareholding in Parry America Inc., to Coromandel International Limited, Subsidiary Company
2020: The Company forayed into the disinfectants market with the launch of its brand Handkleen and Sterisafe sanitizer.
2020: Seizing the demand opportunity in sanitisers due to the pandemic outbreak, the Company launched ‘HandKleen’ and ‘Sterisafe’ brand of sanitisers for the retail space, leveraging on the Parry brand.