 The jaggery mill was started in 1848 as Asika Sugar Works and Distillery Ltd. by Parry and Co. Madras.It met with huge losses for lack of supervision and other transport bottlenecks.Thereafter, Fredrick Josheph Vivian Minchin, the Book Keeper of Biny & Co. purchased the factory and with the new Sugar Technology obtained from Germany designed and rebuilt the factory in 1856.