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Paras Defence Reviews

Navi Mumbai, Maharashtra

4.0/ 5

1 review

Paras Defence and Space Technologies Limited (PDST) is a prominent Indian private sector engineering company primarily engaged in the design, development, manufacturing, and testing of a wide range of products and solutions for defence and space applications. Headquartered in Navi Mumbai, Maharashtra, the company has built over 40 years of experience in the industry, evolving into a key "Indigenously Designed Developed and Manufactured" (IDDM) category enterprise. It operates through two main business segments: Optics & Optronic Systems and Defence Engineering. The company's core operations are divided into several major verticals: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. In the optics segment, Paras Defence manufactures critical high-stakes equipment, including diffractive gratings, optical domes, space optics, mirrors, and infrared lenses. Notably, it is recognized as the sole Indian private firm producing indigenous hyper-spectral cameras for space missions and the only manufacturer of submarine periscopes in the Asia-Pacific region. In the Defence Engineering and Electronics divisions, the company provides rugged control systems, multi-function consoles, avionic suites, military-grade computers, and specialized mechanical products like flow-formed rocket and missile motor tubes. Its EMP solutions encompass turnkey projects, shielded rooms, doors, filters, and anechoic chambers essential for securing strategic infrastructure. Through various subsidiaries, such as Paras Aerospace, the company is also expanding into high-growth areas like unmanned aerial vehicles (UAVs), anti-drone technologies, quantum communications, and thermal management systems. Paras Defence serves major government entities, including the Defence Research and Development Organisation (DRDO), the Indian Space Research Organisation (ISRO), and multiple Defence Public Sector Undertakings (DPSUs) and shipyards, alongside large private defense contractors like L&T, Tata, BEL, and HAL. It also maintains a growing international presence, exporting components to markets including the United States, Israel, South Korea, Singapore, and the United Arab Emirates. Financially, Paras Defence is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker PARAS. For the fiscal year ending March 31, 2026, the company reported consolidated annual revenues of INR 4.77 billion, representing a 30.69% growth year-on-year, while its net income improved by 38.80% to INR 881 million. Led by Chairman Sharad Virji Shah and Managing Director Munjal Sharad Shah, the company operates manufacturing plants and research and development centers across Navi Mumbai, Ambernath, Bengaluru, and Ahmedabad, continuing to advance India's self-reliance in strategic technologies.