EID Parry
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EID Parry (India) Limited | |
Type | Public (NSE, BSE) |
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Founded | 1788 |
Headquarters | Mumbai |
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 |
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.
[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.