EID Parry
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| Type | Public (NSE, BSE) |
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| Industry | ceramic Plumbing fixtures, Sugar & Chemicals |
| Founded | 1788 |
| Headquarters | Chennai |
| Key people | S. M. Datta (Chairman) |
| Revenue | Rs. 978.46 crore (2005) |
| Operating income | Rs. 177.66 crores (2005) |
| Net income | Rs. 141.12 crores (2005) |
| Employees | ??? |
| Parent | Murugappa Group |
| Website | www.eidparry.com |
EID Parry Limited is a public company, headquartered in Chennai, South India, which has been in business for more than 200 years. It has many firsts to its credit, including manufacturing of fertilizers (1906) for the first time in the Indian subcontinent. The company is currently engaged in the manufacture and marketing of ceramic sanitaryware and bio-products.[1]
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[edit] Origin
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 late 1780s. On 17 July 1788, he started a business of banking and piece goods. By 1819, a partnership firm named Parry and Dare was founded with Thomas Parry and John William Dare. Parrys Corner, one of the most prominent central business districts of Chennai derives its name from Thomas Parry. Over a period of time, the business established by Parry continued to grow, and its flagship company EID Parry emerged. In its existence of more than 200 years, this business house, currently controlled by the Murugappa Group, has remained active and covered a large range of businesses.
Parry & Company Limited and East India Distileries & Sugars Limited were merged to form EID PARRY INDIA LIMITED
Murugappa Group took over EID PARRY from financial & public institutions such as Life Insurance Corporation Of India, United Assurance Co, Unit Trust of India,... etc.
[edit] Businesses
[edit] Sugar
Parry set up the first Sugar Factory in 1842 at Bandipalayam and currently has one of its units established at Nellikuppam, Cuddalore District, Tamil Nadu. Nellikuppam factory is the oldest sugar factory in India. EID Parry is the first private sector company to start in house R&D. Sugar Division contributes to over 65% of EID Parry’s turnover. Around 20% of the sugar production in Tamil Nadu is from EID’s stable.[2]
EID Parry has 5 plants in the country situated at Nellikuppam in Cuddalore district, Pugalur in Karur district, Pudukottai in Pudukottai district, Pettavaithalai in Trichy district and Pondicherry. The combined crushing capacity of all the five plants is 15800 (TCD) Metric Tonnes of cane per day.
The Pudukottai unit of E.I.D. Parry bears testimony to the phenomenal instinct, the company has, of honing onto potential possibilities and turning them into resounding successes. The Pudukottai site had continuously been rejected as a prospective site for building a factory. After several futile attempts to lure companies into building their units, the Government of India approached Parrys requesting them to start a venture at Pudukottai. Although there was a lot of speculation and skepticism about the venture, Parrys took on the project with their usual indomitable will and enthusiasm determined to achieve at least a modicum of success. Currently, the Pudukottai factory is one of the largest revenue generators of the organization clearly accentuating the determination and hard work invested in it by the employees and management of Parrys.
Key Facts Nellikuppam Integrated Sugar Complex: Crushing Capacity of 5000 metric tonnes per day.
At Pugalur, the company is setting up a 22 MW co-generation Power plant, which will be partly funded by Tamil Nadu Newsprint Limited.
Recently, EID Parry acquired the sugar plants of GMR Group in states like Karnataka.
Sugar Plants: 1.Nellikkuppam, Cuddalore District, TN (India's first sugar plant) 2.Pugalur, Karur District, TN 3.Pettavaithallai, Thiruchirappalli District, TN (Formely Cauvery Sugars & Chemicals Limited) 4.Kurumbur, Aranthangi, Pudukkottai District, TN 5.Pudhuchery (formerly New Horizon Sugar Mills Limited - Arunachalam Sugars Group)
[edit] Bio-products
The Bio Products business of the company comprises making available eco friendly products from natural resources. Currently the core of the 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 in developing new formulations and delivery mechanisms for the application of NEEMAZAL range of products.[2]
Also there are some new products from this company namely AbdA,[3] SpreadMax, Yieldsmor, Beemax. The company is now expanding its range of products apart from its core competency, which is Azadirachtin, extracted from neem seed kernel.
[edit] Subsidiary
[edit] Shadasiva Sugars
Now it is 100% subsidiary. Acquired from Ugar Sugars
[edit] Parry Sugar Industries
Now it is 100% subsidiary. Acquired from GMR group
[edit] Coromandel Batheware
Now it is 100% subsidiary.
[edit] Coromandel International
Now it is a subsidiary
[edit] Formers
[edit] Parryware
Now it is 100% subsidiary of ROCA Sanitario of Spain. It is called as Roca Bathroom Products Private Limited
Hive off process: First it was created as a subsidiary called Parryware Private Limited
Then became JV between EID PARRY & ROCA of Spain called Parryware Roca India Private Limited after ROCA purchased 45% of shares.
EID PARRY divested its remaining holding in Parryware Roca India Private Limited to ROCA.
Having manufacturing facilities at Ranipet in Tamil Nadu, Alwar in Rajasthan and Dewas in Madhya Pradesh. Sanitaryware products are marketed under the trade name "Parryware" and "Johnson Pedder". The Company also markets a complete range of bathroom accessories including taps. The market share is 38%
[edit] Parry Confictionery
Now it is 100% subsidiary of LOTTE Group of Japan. It is called as Lotte India Private Limited. It is the manufacturer of famous "Coffee Bite" chocolate
