EID Parry

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EID Parry (India) Limited

Type	Public (NSE, BSE)
Founded	1788
Headquarters	Chennai
Key people	S. M. Datta (Chairman)
Industry	ceramic Plumbing fixtures, Sugar & Chemicals
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

The Parry head office at Parry's Corner

EID Parry (India) Limited is a public company, headquartered in Chennai, South India, with a continuous history of business activities of more than 200 years, and with many firsts to its credit which include manufacturing of fertilizers (1906) first time in the Indian subcontinent.The company is currently engaged in the manuacture and marketing of ceramic sanitaryware and bio-products.^[1]

1 Origin
2 Businesses
3 References
4 External links

[edit] Origin

EID Parry is one of the oldest business entities of the Indian subcontinent, and owes its origin to Thomas Parry, a Welshman who came to India in late 1780s. On 17th 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 as partners. 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 Thomas 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 cover a large range of business activities.

[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]

[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. ^[3]

[edit] Parryware

Wirh 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 of EID Parry in this segment is about 38%. ^[4]