Paras Defence and Space Technologies Ltd Share Price

History of Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies Limited was incorporated as 'Paras Flow Form Engineering Limited' on 16 June, 2009. The Company received the Certificate for Commencement of Business on 24 July 2009. Subsequently, the name of the Company was changed to 'Paras Flowform Engineering Limited' dated 25 September 2009 issued by the RoC. Further, the name of the Company was changed to 'Paras Defence and Space Technologies Limited' upon the Conversion of the Company to a Public Limited Company and a fresh Certificate of Incorporation, dated 29 January 2016 was issued by the Registrar of Companies. Headquartered near Mumbai, with manufacturing facilities in Navi Mumbai and Ambernath, Paras specialises in high-precision products and turnkey systems for the defence and space applications. The ... Company's operations are organised into two main verticals: Optics and Optronic Systems and Defence Engineering (Defence Electronics, Electromagnetic Pulse (EMP) Protection Solutions and Heavy Engineering). Over the course of more than four decades, Paras has developed technologies for rockets and missiles, space research, naval platforms, armoured vehicles, electronic warfare, surveillance and electromagnetic shielding. Through its subsidiaries, Company works on drones, Radio Frequency (RF) and microwave systems, anti-drone solutions, EO/IR systems for avionics and quantum technologies. Paras' state-of-the-art facilities support end-to-end delivery, from concept and design through manufacturing to integration and commissioning of both small and large systems. A strong emphasis on research and development highlights the role as an Indigenous Design, Development and Manufacturing (IDDM) partner for India's defence industry. The associate Company, Concept Shapers and Electronics Private Limited and its subsidiary company - Mechvac India Limited got merged with the Company via Scheme of Amalgamation in January, 2018. Subsequently, the shareholders of the erstwhile Mechvac India Limited were allotted 100 Equity Shares fully paid up of Rs 10/- each of the Company for every 784 shares of Mechvac India Limited and the shareholders of the erstwhile Concept Shapers and Electronics Private Limited were allotted 100 Equity Shares fully paid up of Rs 10/- each of the Company for every 1535 Equity Shares of Concept Shapers and Electronics Private Limited. Pursuant to the Scheme of Amalgamation, 572534 Equity Shares were allotted to the shareholders of the erstwhile Mechvac India Limited and Concept Shapers and Electronics Private Limited on 20 August, 2018. The Company expanded facilities and resources in Bangalore in 2018. In 2019, the Company formed Paras Aerospace Private Limited as a subsidiary, to offer Products, Solutions and Services in the Drone Industry. It developed High Performance embedded computing for avionic and naval applications. It delivered the India's first EMP racks for strategic applications and made developments of an electronic time fuse, marking the presence in critical defence technology. The Company came up with an IPO of 9,758,776 Equity Shares by raising funds from public aggregating to Rs 170.77 Crore, comprising a Fresh Issue of 8,034,286 Equity Shares aggregating to Rs 140.6 Crore and 1,724,490 Equity Shares aggregating to Rs 30.17 Crore through Offer for Sale in September, 2021. In November 2022, the Company developed a remote-controlled border defence system in collaboration with DRDO. A joint venture was formed with CONTROP Precision Technologies Limited, Israel, a global specialist in Electro-Optics / Infrared (EO/IR) payloads for land, air and naval applications in 2024. The Company enhanced manufacturing infrastructure and deepening participation in global defence and space supply chains in FY 2025. It entered future-focused areas such as Laser based air defence system, anti-drone systems, quantum communication and quantum sensing. In FY25, Company's efforts were directed towards developing and upgrading next-generation systems including hyperspectral imaging payloads, rugged control electronics, periscopes and EO/IR platforms. These initiatives were supported by facilities used for design, testing, and MIL-STD qualification of advanced sub-systems and assemblies. The Company expanded product scope through collaborations with its subsidiaries in drone technology, anti-drone systems and radar-linked electronics. To facilitate participation from the private sector, the Department of Space (DoS) established the National Space Innovation and Applications (NSIL) and Indian National Space Promotion and Authorisation Centre (IN-SPACe). The Indian government is also providing unstinted support and encouragement through initiatives such as the recently approved $120 million venture capital fund dedicated to the space sector.24 India's scientific advancements in AI, quantum technology and bioengineering are further cementing the nation's position as a champion in space and other futuristic technologies.