India’s only super brand sugar company in India celebrated 225 years of excellence this year. Company’s growth has been significant in the last five years and it accounted profit after tax of Rs 361 crore (Rs 136crore) an increase of 141 per cent. Started as first of its kind multiple venture company in India, Parrys’ business segments include sugar, power, distillery and bio products which include bio pesticides and nutraceuticals.
The most challenged segment was sugar; still it managed a revenue of Rs 1533 crore in a turnover of Rs 1879 crore and profit of Rs 159 crore from nine sugar plants spread across South India. The sugarcane breeding programme has been initiated by the company’s R&D to develop high yield variety and identifying promising varieties.