About Parry Sugars Refinery India Private Limited
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Parry Sugars Refinery India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of E.I.D Parry (India) Limited. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 13 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15421TN2006PTC058579. Its GSTIN is 33AADCP7828H1ZB (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹770 Cr and a paid-up capital of ₹695.59 Cr. It was formerly known as Silkroad Sugar Private Limited and Parrys Sugars Refineries Private Limited. It is led by directors including Suresh Kannan (Whole-Time Director) and Lalitha Balakrishnan.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dare House Parrys Corner, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,285.17 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹117.97 Cr (net margin -2.8%) and EBITDA of -₹24.65 Cr (EBITDA margin -0.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 16% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Murugappa Group. As per MCA filings, the company has open charges of ₹2,730 Cr and satisfied charges of ₹2,412.34 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it; 6 cases are pending. The company has 12 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹742.73 Cr; the latest was in June 2025. Its 4 peer companies in the Agriculture industry (Sugar), with the same principal business activity (manufacture of food products) are compared by revenue, 2 larger and 2 smaller; the largest is Bajaj Hindusthan Sugar Limited with revenue of ₹5,592.79 Cr. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 65 overdue payments to 22 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eidparry.com.
Company details
Name history
Parry Sugars Refinery India has undergone 2 name changes throughout its history. The company was previously known as Silkroad Sugar Private Limited, and Parrys Sugars Refineries Private Limited. The current legal name is Parry Sugars Refinery India Private Limited.
| Company Name | Status |
|---|---|
| Parry Sugars Refinery India Private Limited | Current |
| Silkroad Sugar Private Limited | Previous |
| Parrys Sugars Refineries Private Limited | Previous |
Contact details
Parry Sugars Refinery India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is eidparry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDare House Parrys Corner, Chennai, Tamil Nadu, India – 600001
- IndustryAgriculture, Sugar Processing
To see the full contact details of Parry Sugars Refinery India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Parry Sugars Refinery India operates one associated brand: Murugappa Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are managed in agriculture, engineering, and financial services. | murugappa.com |
Business activity
The main business activities of Parry Sugars Refinery India are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers manufacture of food products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Parry Sugars Refinery India Private Limited, buy the company report.
Financials of Parry Sugars Refinery India Private Limited
FY 2025 filings availableParry Sugars Refinery India Private Limited reported revenue of ₹4,285.17 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 182% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4,285.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹24.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹117.97 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.6% | ||||
| Net Profit Margin | -2.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Parry Sugars Refinery India Private Limited, buy the company report.
Board of directors of Parry Sugars Refinery India Private Limited
Parry Sugars Refinery India has 6 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitha Balakrishnan Also directs: Sword Global (India) Private Limited | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Suresh Kannan | Whole-Time Director | 11 May 2023 | 3 Years 6 Months | Current |
| Padmanabhan Nagarajan Also directs: Kartik Investments Trust Limited, Jasper Industries Private Limited, Jasper Auto Services Private Limited and 1 more | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Murugappan Muthiah Venkatachalam Also directs: E.I.D Parry (India) Limited, Avt Natural Products Limited, Parry Agro Industries Limited and 5 more | Director | 05 Oct 2021 | 5 Years 1 Months | Current |
| Ajay Bhaskar Baliga Also directs: J12 Consultancy and Ventures LLP, Tonique Global Tradex LLP, Akvabev Consulting LLP and 3 more | Additional Director | 25 Feb 2025 | 1 Years 8 Months | Current |
| Adepalli Sridhar | Director | 28 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Parry Sugars Refinery India Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Sugar), with the same principal business activity (manufacture of food products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bajaj Hindusthan Sugar Limited | ₹5,592.79 Cr (FY 2025) | -9.0% | Lakhimpur Kheri, Uttar Pradesh, India | |||
| Balrampur Chini Mills Ltd | ₹5,504.2 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Parry Sugars Refinery India Private Limitedthis company | ₹4,285.17 Cr (FY 2025) | -₹117.97 Cr | -2.8% | -3.0% | 18 | Chennai, Tamil Nadu, India |
| Dalmia Bharat Sugar and Industries Limited | ₹3,820.49 Cr (FY 2025) | 26.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Dhampur Bio Organics Limited | ₹2,696.64 Cr (FY 2025) | 12.0% | Sambhal, Uttar Pradesh, India |
To see the full peer comparison of Parry Sugars Refinery India Private Limited, buy the company report.
Auditor
Parry Sugars Refinery India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2025 | 012754N/N500016 |
Shareholding
The shareholding of Parry Sugars Refinery India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Parry Sugars Refinery India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2020 | 100358699 | Others | ₹660 Cr | Open | |
| 07 Jan 2020 | 100322339 | The South Indian Bank Limited | ₹70 Cr | Open | |
| 14 Oct 2016 | 100059326 | State Bank of India | ₹650 Cr | Open | |
| 02 Sep 2016 | 100063160 | Others | ₹200 Cr | Open | |
| 25 Sep 2014 | 10525620 | Yes Bank Limited | ₹450 Cr | Open |
To see the full charge records of Parry Sugars Refinery India Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Parry Sugars Refinery India Private Limited has 12 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹742.73 Cr; the latest was in June 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Acquisition | ₹350 Cr | Buyer: E.I.D Parry (India) Limited |
| Mar 2020 | Rights issue | ₹15 Cr | Investors: E.I.D Parry (India) Limited |
| Mar 2018 | Funding round | ₹128 Cr | Investors: E.I.D Parry (India) Limited |
| Mar 2016 | Funding round | ₹28 Cr | Investors: E.I.D Parry (India) Limited |
| Jul 2015 | Funding round | ₹50 Cr | Investors: E.I.D Parry (India) Limited |
To see the full deal history of Parry Sugars Refinery India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parry Sugars Refinery India Private Limited has 20 court cases on record: 9 filed by Parry Sugars Refinery India, 11 filed against it. 6 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 8 | 5 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 3 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2401-Indirect Taxation : Customs Act, Customs Tariff Act, Export, Import and Anti-Dumping duty) | Filed against the company by Union of India . | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Gail (India) Ltd | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against Gail (India) Limited | Disposed |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Bharat Heavy Electricals Limited M/S.V.V.Sivakumar, Chethan Sagar,Apoorva Vinjamur and Gautham,Balaji of Dua Associates | Disposed |
| NCLT, Chennai | Court case (COMP.APPL(IBC)) | Filed against the company by V Ramakrishnan Veesons Energy Systems Pvt Ltd | Disposed |
To see the full case history of Parry Sugars Refinery India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Parry Sugars Refinery India Private Limited was last rated by Crisil on 14 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Oct 2020 |
To see the full credit ratings and regulatory alerts of Parry Sugars Refinery India Private Limited, buy the company report.
MSME payment delays
Parry Sugars Refinery India Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 65 overdue payments to 22 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Methods (India) Private Limited | |||
| Jayco Safety Products Private Limited | |||
| Sigma Minerals Limited | |||
| KBK Biotech Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Parry Sugars Refinery India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Parry Sugars Refinery India Private Limited has a workforce of 18 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 18 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Parry Sugars Refinery India Private Limited, buy the company report.
GST
Parry Sugars Refinery India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCP7828H1ZB | Tamil Nadu | Active | 29 May 2019 |
| 37AADCP7828H1Z3 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parry Sugars Refinery India Private Limited, buy the company report.
Recent activity
Parry Sugars Refinery India Private Limited has 32 board changes on record since 2006: 7 appointments and 25 cessations. The latest: Ajay Bhaskar Baliga was appointed as Additional Director on 25 Feb 2025.
75 earlier events are in the company report.
News
Frequently asked questions
Parry Sugars Refinery India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 13 January 2006 (20+ years old) and is registered under CIN U15421TN2006PTC058579.
Parry Sugars Refinery India has 6 current directors:
- Suresh Kannan - Whole-Time Director
- Lalitha Balakrishnan - Director
- Padmanabhan Nagarajan - Director
- Murugappan Muthiah Venkatachalam - Director
- Ajay Bhaskar Baliga - Additional Director
- Adepalli Sridhar - Director
The latest financial statements of Parry Sugars Refinery India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Parry Sugars Refinery India is 33AADCP7828H1ZB, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AADCP7828H1Z3 (Andhra Pradesh).
The CIN (Corporate Identification Number) of Parry Sugars Refinery India is U15421TN2006PTC058579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parry Sugars Refinery India has 20 court cases on record: 9 filed by the company and 11 filed against it. 6 are pending. Most are in the high courts.
Parry Sugars Refinery India was incorporated on 13 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Parry Sugars Refinery India has 12 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹742.73 Cr; the latest was in June 2025.
The peers of Parry Sugars Refinery India by revenue are Bajaj Hindusthan Sugar Limited, Balrampur Chini Mills Ltd, Dalmia Bharat Sugar and Industries Limited, Dhampur Bio Organics Limited, all in the Agriculture industry (Sugar), with the same principal business activity (manufacture of food products).
Ajay Bhaskar Baliga was appointed as Additional Director on 25 Feb 2025. Vasudevan Seshadri was appointed as CFO on 17 May 2023. Suresh Kannan was appointed as Whole-Time Director on 11 May 2023. Parry Sugars Refinery India has 32 board changes on record in total.
Parry Sugars Refinery India has 5 MSME Form 1 returns on record between 2023 and 2024, listing 65 overdue payments to 22 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Parry Sugars Refinery India can be reached through the website eidparry.com. Its registered office is in Chennai, Tamil Nadu, India.
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