About Parrys Sugar Industries Limited
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Parrys Sugar Industries Limited was a public limited company based in Bangalore, Karnataka, India, operated as a subsidiary of E.I.D Parry (India) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sugar processing segment of the agriculture sector. It was incorporated on 30 June 1986.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN L28100KA1986PLC049077. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹175 Cr and a paid-up capital of ₹22.52 Cr. It was led by directors including Ramesh V (Managing Director) and Lalitha Balakrishnan.
Its last annual general meeting (AGM) was held on 22 July 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Venus Building 3rd Floor 1/2 Kalayanamantapa Road Jakkasandra Koramangala Extension, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2016, the company reported a revenue of ₹292.34 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹25.99 Cr (net margin -8.9%) and EBITDA of -₹3.29 Cr (EBITDA margin -1.1%).
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Parrys Sugar Industries. As per MCA filings, the company had satisfied charges of ₹1,114.33 Cr on record. Court records list 132 cases involving the company, including 104 filed by the company and 28 filed against it; 10 cases are pending. The company has 8 deals on record (6 market trades, 2 acquisitions); the latest was in May 2016. Its 6 peer companies in the Agriculture industry (Biofuel and Biomass, Sugar), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger and 3 smaller; the largest is Dwarkadhish Sakhar Karkhana Limited with revenue of ₹301.9 Cr.
The last known website on record is parrysugar.com.
Company details
CIN history
Parrys Sugar Industries has one previous CIN (Corporate Identification Number): L28100AP1986PLC006568. The current CIN is L28100KA1986PLC049077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28100KA1986PLC049077 | Current |
| L28100AP1986PLC006568 | Previous |
Contact details
Parrys Sugar Industries Limited's registered office is in Bangalore, Karnataka. Its website is parrysugar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressVenus Building 3rd Floor 1/2 Kalayanamantapa Road Jakkasandra Koramangala Extension, Bangalore, Karnataka, India – 560034
- IndustryAgriculture, Sugar Processing
To see the full contact details of Parrys Sugar Industries 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
Parrys Sugar Industries operates one associated brand: Parrys Sugar Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar production is managed in Bengaluru, India, since 1986. | parrysugar.in |
Business activity
The main business activities of Parrys Sugar Industries are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers food, beverages and tobacco 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 | C1 | Food, beverages and tobacco 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 Parrys Sugar Industries Limited, buy the company report.
Financials of Parrys Sugar Industries Limited
FY 2016 filings availableParrys Sugar Industries Limited reported revenue of ₹292.34 Cr (up 47% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year. EBITDA fell 141% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹3.29 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹25.99 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1.1% | |
| Net Profit Margin | -8.9% | |
| 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 Parrys Sugar Industries Limited, buy the company report.
Board of directors and KMP of Parrys Sugar Industries Limited
Parrys Sugar Industries Limited currently reports 5 directors and 2 key managerial personnel. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitha Balakrishnan | Director | 30 Mar 2015 | 11 Years 7 Months | As last reported |
| Amar Kumar Dora Also directs: Siva Foods Impex Private Limited | Company Secretary | 02 Sep 2013 | 13 Years 1 Months | As last reported |
| Ramesh V | Managing Director | 28 Apr 2014 | 12 Years 6 Months | As last reported |
| Venkatachalam Ravichandran Also directs: Vivardhana Microfinance Limited | Director | 27 Aug 2010 | 16 Years 2 Months | As last reported |
| Ramadoss Krishnan | Director | 27 Aug 2010 | 16 Years 2 Months | As last reported |
| Rajan Chittur Ramakrishnan | Director | 24 Apr 2013 | 13 Years 6 Months | As last reported |
Peer comparison
Parrys Sugar Industries Limited is compared with the 6 companies closest to it by revenue in the Agriculture industry (Biofuel and Biomass, Sugar), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dwarkadhish Sakhar Karkhana Limited | ₹301.9 Cr (FY 2025) | 1.0% | Nashik, Maharashtra, India | |||
| Mahakaushal Sugar and Power Industries Limited | ₹300.45 Cr (FY 2025) | 26.0% | Bhopal, Madhya Pradesh, India | |||
| Baliraja Sakhar Karkhana Limited | ₹298.15 Cr (FY 2025) | -25.0% | Pune, Maharashtra, India | |||
| Parrys Sugar Industries Limitedthis company | ₹292.34 Cr (FY 2016) | -₹25.99 Cr | -8.9% | 47.0% | Bangalore, Karnataka, India | |
| Shrijee Sugar and Power Private Limited | ₹287.77 Cr (FY 2025) | 34.0% | Indore, Madhya Pradesh, India | |||
| Dhanashree Agro Products Private Limited | ₹282.22 Cr (FY 2022) | 17.0% | Uttarakhand, India | |||
| Shri Subhash Sugar Private Limited | ₹281.74 Cr (FY 2025) | 58.0% | Pune, Maharashtra, India |
To see the full peer comparison of Parrys Sugar Industries Limited, buy the company report.
Auditor
Parrys Sugar Industries Limited is audited by R G N PRICE & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R G N PRICE & CO | FY 2015 | 002785S |
Shareholding
The shareholding of Parrys Sugar Industries Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Parrys Sugar Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2011 | 10323538 | Icici Bank Limited | ₹32.63 Cr | Satisfied | |
| 17 Jun 2011 | 10293244 | Axis Bank Ltd. | ₹205 Cr | Satisfied | |
| 29 Apr 2011 | 10285108 | Axis Bank | ₹25 Cr | Satisfied | |
| 07 Mar 2011 | 10281481 | Andhra Bank | ₹25 Cr | Satisfied | |
| 07 Mar 2011 | 10274307 | Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Parrys Sugar Industries Limited, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Parrys Sugar Industries Limited has 8 deals on record (6 market trades, 2 acquisitions); the latest was in May 2016.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Acquisition | ₹80 Cr | Buyer: E.I.D Parry (India) Limited |
| Nov 2014 | Market trade | ₹9.23 Cr | Buyer: Grandhi Enterprises Private Limited Seller: GMR Enterprises Private Limited |
| Apr 2010 | Acquisition | ₹81.08 Cr | Buyer: E.I.D Parry (India) Limited Seller: GMR Infrastructure Ltd. |
| Mar 2009 | Market trade | ₹1.49 Cr | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Sep 2007 | Market trade | ₹2.87 Cr | Seller: Domus Holdings Private Limited |
To see the full deal history of Parrys Sugar Industries 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
Parrys Sugar Industries Limited has 132 court cases on record: 104 filed by Parrys Sugar Industries, 28 filed against it. 10 cases are pending and 122 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 9 | 1 |
| High courts | 36 | 15 | 3 |
| Supreme Court | 7 | 4 | 6 |
Cases on record (5 of 132)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by United India Insurance Co. Ltd. | Disposed |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Southern Power Distribution Company of Andhra Pradesh Ltd. Rep. by the Chairman and Managing Director Renigunta Road, Tirupati , District: Tirupati ,Chittoor , Andhra Pradesh and 2 others | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Transmission Corporation of Andhra Pradesh Ltd. and Ors. Etc. by the Chairman and Managing Director, Vidyut Soudha, Khairatabad , District: Hyderabad ,Hyderabad , Andhra Pradesh and 4 others | Pending |
| Supreme Court | Court case (-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998 : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act) | Filed against the company by Sri Chamundeswari Sugars Ltd. No. 76, Ulsoor Road, Bangalore , District: Bangalore ,Bangalore , Karnataka | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Central Power Distribution Company of Andhra Pradesh Ltd. Represented by Its Managing Director 11-5-423/1/A, First Floor, Singareni Collieries Bhawan, Lakdi-Ka-Pul, Hyderabad , District: Hyderabad ,Hyderabad , Andhra Pradesh and 6 others | Pending |
To see the full case history of Parrys Sugar Industries 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
Parrys Sugar Industries Limited was last rated by Icra on 05 Jun 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Jun 2017 |
To see the full credit ratings and regulatory alerts of Parrys Sugar Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parrys Sugar Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parrys Sugar Industries has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Parrys Sugar Industries Limited, buy the company report.
Recent activity
Parrys Sugar Industries Limited has 45 board changes on record since 2000: 26 appointments and 19 cessations. The latest: Kunchithapadam Balasubramanian ceased to be Director on 24 Jul 2015.
154 earlier events are in the company report.
Frequently asked questions
Parrys Sugar Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Parrys Sugar Industries was a public limited company based in Bangalore, Karnataka, India. The company worked in sugar processing, within the agriculture industry. It was incorporated on 30 June 1986 and is registered under CIN L28100KA1986PLC049077. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Parrys Sugar Industries was incorporated on 30 June 1986. It is registered with the Registrar of Companies, Bangalore.
Parrys Sugar Industries had 7 directors and KMP:
- Ramesh V - Managing Director
- Lalitha Balakrishnan - Director
- Venkatachalam Ravichandran - Director
- Ramadoss Krishnan - Director
- Rajan Chittur Ramakrishnan - Director
- Amar Kumar Dora - Company Secretary
- Suri Venkataraman - Cfo
The CIN (Corporate Identification Number) of Parrys Sugar Industries is L28100KA1986PLC049077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parrys Sugar Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The registered office of Parrys Sugar Industries is at Venus Building 3rd Floor 12 Kalayanamantapa Road Jakkasandra Koramangala Extension, Bangalore, Karnataka, India – 560034.
Parrys Sugar Industries can be reached through the website parrysugar.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Parrys Sugar Industries on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 22 July 2016. Year-wise statements from 2015 are in the company report.
No. Parrys Sugar Industries has 3 GST registrations on record and all of them are cancelled or inactive.
Parrys Sugar Industries operated in the agriculture industry, in the sugar processing segment.