EID Parry (India) Ltd Company Profile: Products, Promoters and Clients

EID Parry (India) Ltd Company Profile

EID Parry is involved in the following major industries: farming inputs (via its subsidiary Coromandel International Limited, which also specialises in bio-pesticides), ethanol, nutraceuticals, and sugar production.

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Q1.What are the Products and Service offerings of the EID Parry ?

  • Sugar (around 70%): Most of EID Parry's earnings come from making and selling various types of sugar. They provide sugar to both large buyers and regular consumers.
  • Distillery (22%): This part of the business makes and sells different distilled products like Rectified Spirit (R.S.), Extra Neutral Alcohol (E.N.A.), and ethanol.
  • Cogeneration - Power (6%): EID Parry generates power and sells it to state utilities, third-party buyers, and electricity markets.
  • Nutraceuticals (2%): The company produces spirulina, a supplement rich in nutrients such as carotenoids, chlorophylls, micronutrients, and vitamins.

Q2.Who are the Promoters of the EID Parry ?

Mr. M. M. Venkatachalam is a graduate from The University of Agricultural Sciences, Bangalore and also holds an MBA Degree from The George Washington University, USA. He serves on the Boards of M/s Parry Agro Industries Ltd., and USV Ltd.He has a keen interest in conservation and volunteers time to The Nature Conservation Foundation and to the Madras Crocodile Bank Trust.

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Mr. S. Suresh is an Executive, Non – Independent Director and has been associated with the Murugappa Group since August 2014. He is a Mechanical Engineering Graduate with a Post Graduate Diploma in Industrial Engineering and a MBA with specialization in Finance. 

He has 26 years of experience across different industries in the areas of Sales, Marketing, Manufacturing, Industrial Relations, Supply Chain, Management of Special Projects, Industrial Engineering and business turnarounds.He is also the Managing Director of Parry Sugars Refinery India Private Limited, a subsidiary of E.I.D. Parry.

Q3.Who are the Clients of the EID Parry ?

The company markets its products through Parry's, Amrit, Flexpro MD and USplus brand names.

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