- Business
- Parvati Sweetners and Power Ltd (PARVATI.BO) engages in the manufacturing and trading of sugar and its by-products, alongside power generation from bagasse in India. The company produces plantation white sugar, refined sugar, and various grades of sugar; it also generates and sells electricity primarily through cogeneration plants using sugarcane bagasse as fuel. Its product portfolio includes industrial sugar for confectionery and beverage sectors; retail-packed sugar under brands like Parvati Gold; and by-products such as molasses and press mud for ethanol production and soil conditioning. Operations focus on the Indian domestic market, with facilities located in Maharashtra, serving sugar mills, distilleries, and power grids.
Founded in 1986 and headquartered in Pune, Maharashtra, the company operates integrated sugar and power units with a combined crushing capacity exceeding 10,000 tons of cane per day and power generation of around 20 MW. It caters to B2B customers including food processors, distilleries, and state electricity boards, while expanding into value-added products like organic jaggery and bio-fertilizers. Parvati maintains subsidiaries for regional trading and logistics support, with no major parent company affiliation.
In the last two years, Parvati Sweetners and Power Ltd expanded its cogeneration capacity by 5 MW through a brownfield project at its primary mill, commissioned in early 2025 to capitalize on rising renewable energy demand. The company secured a strategic partnership with a leading ethanol producer for long-term molasses off-take in 2024, boosting by-product revenues amid India's ethanol blending program. Additionally, it launched a new retail sugar brand targeting urban markets in western India, alongside a debt refinancing deal worth INR 150 crore to fund modernization initiatives.