History of Paras Defence and Space Technologies Limited

Incorporated as Paras FlowForm Engineering Limited in 2009, Paras Defence and Space Technologies Limited operates in the Defence and Space segments. They offer a wide range of products and solutions for defence and space applications. The company is engaged in Technologies for Rockets and Missiles, Naval Systems, Space and Space Research, Electronic Warfare and Surveillance, Land and Armoured Vehicles, ElectroMagnetic Shielding, etc. They have extensive experience across the Command, Control, Communications, Computers Intelligence, Surveillance and Reconnaissance (C4ISR) segment. The company has world-class manufacturing units. They have a unique Nano-Machining setup, Optical Coatings, CNC Machining, Certified Electronic Assembly, etc. The company exports to international countries, including the USA, Europe, South Korea, Israel, UAE, Saudi Arabia, South Africa, Canada, etc. Paras Defence and Space Technologies Limited has more than 40 active projects, with over 425 employees, and has a catalogue of 40 products. They have a CRISIL A-/Stable Long-term credit rating and a CRISIL A2+ Short-term credit rating. The company launched its IPO in 2021 and is listed on the BSE and NSE.

Business Segments of Paras Defence and Space Technologies Limited

The company operates across 4 business verticals:

• Defence and Space Optics: Under this segment, the company offers ultra-high precision optics customised for cutting-edge defence and space applications. The portfolio of this segment includes infrared lenses, diffractive gratings, metal mirrors, optimal domes, etc.
• Defence Electronics: In this segment, the company provides high-performance computing and electronic systems for defence applications. It includes Rugged Control Systems, Mounted Command and Control Systems, Military-Grade Communication Systems, etc.
• Heavy Engineering for Defence: Under this segment, the company manufactures high-performance and precision mechanical systems for vital defence applications. The products include Flow-Formed Tubes, Vacuum Brazed Cold Plates, Revolutionary Remotely Controlled Border Defense Systems, etc.
• Electro-Magnetic Pulse (EMP) Protection Solutions: The company offers solutions to safeguard against EMP threats. The product range includes Turnkey EMP Shielding, EMP Racks and Cabinets, Shielded Doors, etc.

As of March 31, 2023, the subsidiary companies under Paras Defence and Space Technologies Limited include:

• Paras Aerospace Private Limited: This company is engaged in drones, drone services and associated technologies.
• Opel Technologies Pte. Ltd: This company provides solutions for efficient sourcing worldwide.
• Paras Anti-Drone Technologies Private Limited: This company develops radio frequency and microwave systems and subsystems to counter unmanned aerial vehicles.

Key Personalities of Paras Defence and Space Technologies Limited

Munjal Sharad Shah, Managing Director Munjal Sharad Shah is the Managing Director of Paras Defence and Space Technologies Limited. He helped the company grow from a small-scale engineering company to a multi-faceted organisation that offers diverse solutions primarily for Defense applications. Under his leadership, the company gained popularity and customer confidence.

Corporate Actions of Paras Defence and Space Technologies Limited

There are no records of bonus shares or stock split from Kalyan Jewellers India Limited.

SWOT Analysis of Paras Defence and Space Technologies Limited

Strengths

• Has a diversified customer base.
• Supplies to other regions outside India.

Weakness

• Highly dependent on government and related entities’ contracts. Any change in these contracts can impact the operations of the company.

Opportunities 

• Government policies like Make in India and Aatmanirbhar Bharat can offer growth opportunities to Indian companies, especially in the defence and space sectors.
• The demand for defence optics, defence electronics, heavy engineering services, etc., is increasing.

Threats

• Exposed to data and cyber security risks. Any setbacks can adversely impact the business.