Our History

1788

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

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

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

1908

The ceramics business commences, with acid jars being made in Ranipet.

1914

1914

E.I.D establishes a confectionary factory in Nellikuppam to be managed by Parry.

1918

1918

Parry’s Engineering Limited is established in Calcutta.

1928

Parry becomes limited liability company and is now known as Parry & Company Limited.

1939

1939

Construction of Dare House begins.

1952

Production of Vitreous Sanitary ware commences at Ranipet.

1961

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

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

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

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

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

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.