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Paras Defence and Space Technology: A Leading Name in India’s Defence and Space Sector | Paras Defence Wiki.


Paras Defence & Space Technologies Ltd.

Type-  Public.

Industry- Defence & Space.

Category- Manufacturing.

Founded- 2009.

Headquarters- Navi Mumbai.

Area served- India.

Key people- Munjal Sharad Shah.

Products- defence electronics, defence and space optics, heavy engineering.


Revenue- 145 Cr ( 2021 )

Number of employees- 400 plus


Website- www.parasdefence.com/


Founded in 2009, Paras Defence and Space Technology is at the forefront of India’s defence and space product manufacturing industry. Headquartered in Navi Mumbai, Maharashtra, the company specializes in the design, development, manufacture, and testing of a diverse range of engineering solutions for defense and space applications.

Table of Contents

Toggle
  • Historical Overview:
  • Product Portfolio:
  • Prestigious Projects:
  • IPO Details:

Historical Overview:

  • Paras Defence and Space Technology was established in 2009, with Sharad Shah as Chairman and Munjal Sharad Shah as Managing Director. The company operates across five major sectors: Defence and Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.
  • In 2021, the company operated two manufacturing facilities and employed over 400 professionals with the capability to deliver solutions ranging from small-scale to large systems.

Product Portfolio:

  • The company’s product portfolio encompasses five significant sectors:
    1. Defence Electronics
    2. Defence and Space Optics
    3. Heavy Engineering
    4. Electromagnetic Pulse Protection Solutions
    5. Niche Technologies
  • Paras Defence is actively developing innovative products, including ARINC-818 avionics displays, hyperspectral space cameras, naval periscopes, hyperspectral cameras for drones and space applications, UAVs, cube SATS, and anti-drone systems.
  • The company is also venturing into cloud-based NPNT (No Permission No Takeoff) solutions and multispectral cameras for diverse applications, including agriculture. Paras Defence operates manufacturing facilities in Navi Mumbai and Thane, Maharashtra, with expansion underway at the Nerul facility.

Prestigious Projects:

  • Paras Defence and Space Technology has a distinguished project portfolio across various space and astronomy segments, contributing to missions such as TIFCS ELOP, ISRO’s Mars Orbital Mission, MACE telescope, Chandrayan 2, and Aditya L1.
  • In the realm of defence electronics, the company has undertaken projects including AEW & CS for DRDO, BLT-T72 vehicle recovery systems, integrated submarine sonar, Indigo simulator systems, Kamor upgrades, L-band surveillance radar MK III, CTI MK I, BARAK 8 missile systems, ERAS rockets, and remotely controlled weapon systems.

IPO Details:

  • Paras Defence and Space Technology’s initial public offering (IPO) included a fresh issue of equity shares aggregating up to Rs 140.60 crore and an offer for sale worth Rs 30.18 crore.
  • The IPO witnessed overwhelming demand, with a subscription rate of 304 times on the final day of bidding, making it one of India’s most oversubscribed IPOs since 2007.

Stock Market Performance:

  • Paras Defence made an impressive stock market debut on October 1, 2021, with a substantial 171% premium over the issue price. The stock opened at Rs 475 on the BSE and Rs 469 on the NSE, significantly surpassing the issue price of Rs 175 per share.
  • The company’s stock price continued to perform well, reaching Rs 523.65 on BSE and Rs 517.05 on NSE.

Outlook and Financial Performance:

  • Experts have expressed optimism about Paras Defence and Space Technology’s future, citing the company’s order book of Rs 305 crore and the Indian government’s focus on the defence sector through initiatives like Aatmanirbhar Bharat and Make in India.
  • In terms of financial performance, the company reported consolidated quarterly numbers, including net sales of Rs 48.32 crore in June 2023 (up 18.55% from June 2022), net profit of Rs 6.01 crore in June 2023 (down 14.99% from June 2022), and EBITDA of Rs 11.77 crore in June 2023 (down 3.68% from June 2022).
  • Paras Defence’s EPS decreased from Rs 1.81 in June 2022 to Rs 1.54 in June 2023.

Paras Defence and Space Technology’s significant presence in India’s defence and space sector, coupled with its recent stock market success, positions it as a noteworthy player in the country’s burgeoning aerospace industry.

Register Office
 

Address- D-112, TTC Industrial Area,
Nerul


 City- Navi Mumbai

 
 State- Maharashtra

 
 Pin Code-400 706

 
Email-

business@parasdefence.com

 
Tel.No- Tel. : +91 22 69199999

Web Site- www.parasdefence.com

Management
 
 Sharad Shah

Chairman & Non-Executive Director

 
  Munjal Shah

Managing Director

 
  Shilpa Mahajan

Whole Time Director

 
  Amit Mahajan

Director
 
 Harshal Bansali

CFO

Industry Info.
 
 

Type- Public

 
Founded- 2009
 
 

Area Served- India
 
 

Parent- Paras Defense
 
 
 
 

Details
 
 

BSE: 543367

 
 
 NSE: PARAS
 
 

Series- EQ
 
 

ISIN: INE045601015
 
 
 
 

Paras Defence Technologies FAQ

What is Paras Defence & Space Technologies?

Paras Defence Space Technologies is India's leading defence and space products manufacturing company. It was founded in 2009, headquartered located in Navi Mumbai, Maharashtra. The company has engaged in designing, developing, manufacturing and testing a wide range of defence and space engineering products and solutions.

Which Types of products are manufacture by Paras Defence & Space Technologies?

The company has work in five major sectors like Defense and Space optics, Defense electronics, Heavy engineering, Electromagnetic pulse protection solution and Niche technologies.

What is GMP of Paras Defence IPO?

The IPO lot size comprises 85 shares.  Paras Defence IPO grey market premium (GMP) today is ₹225-230, which is around ₹15-20 higher from its yesterday.

Who is the chairperson of Paras Defence & Space Technologies?

Paras Defence & Space Technologies was incorporated in 2009, its chairman is Sharad Shah and managing director is Munjal Sharad Shah.

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      • Cred: The Indian Fintech Unicorn’s Journey from Losses to Growth | CRED Startup Wiki.
      • Policybazaar Wiki | PB Fintech limited
      • Star Health & Allied Insurance: India’s Leading Health Insurance Provider
    • Food Industries
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      • Parle Products: A Legacy of Excellence in Biscuits and Confectionery | Parle-G Wiki.
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