Parenting plays a crucial part in providing learning environment to children. It has become a difficult task for every parent. Emotional Intelligence is the need of the hour for any youth to succeed in their personal and professional life. This paper presents the findings related to the perceived parenting styles, status of Emotional Intelligence and the correlations between the parenting styles and the Emotional Intelligence. Descriptive design was used, questionnaire method was used to collect data from 520 college students. This paper reveals that majority of the students have perceived their parents with Non-Ideal (Permissive and Authoritarian) style of parenting. Majority of the students lack Emotional Intelligence and there are positive correlations between the different facets of Emotional Intelligence and parenting styles. This paper calls for efforts by parents and educational institutions to facilitate ideal parenting among the parents, which would yield higher Emotional Intelligence among the youth.