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The online monitoring system (EYE-ON-PELLET) is an aid to iron ore pelletization industries. Pelletization industries use disc pelletizers to produce pellets of different sizes. However, there is a need of producing pellets of a desired size range, such as 8-18 mm. There is also a need to produce higher percentage pellets in a particular sub size range, such as among 8-18 mm, may be 70% in the range of 8-12 mm (customer requirement). Currently, the productivity of a pelletization plant depends mostly on an experienced supervisor/operator who has to keep eye on multiple disc pelletizers at a time. This leads to sub-optimal performance. Eye-On-Pellet system helps for online control, parameter optimization and post analysis so that the pelletization discs can be operated to achieve maximum productivity with reduced recycling.