What we do Paras Defence and Space Technologies Ltd specializes in high-precision defense and space products, focusing on optics, optronic systems, and defense engineering services. |
Founded in 2,009 |
Market share Key indigenous partner in India's defense and space sectors, expanding presence through strategic collaborations and technology innovation. |
Problem solved Develops advanced technologies for defense and space, addressing needs like surveillance, electromagnetic shielding, and missile systems. |
Top clients or who we serve Clients include Indian defense services and space agencies; operates in B2G sector predominantly. |
Key management Munjal Sharad Shah (Managing Director), Sharad Virji Shah (Chairman & Non-Executive Director), Shilpa Amit Mahajan (Whole-Time Director). |
Our journey and innovations Founded in 2009, evolved through acquisitions, expanded into drones and quantum technologies, launched IPO in 2021; recent JV with Israeli Controp enhances EO/IR capabilities. |
Where we operate Primarily India with growing international footprint including Israel collaboration and overseas sales contributing over 15%. |
Top products or what we offer Optics and optronic systems, defense electronics, EMP protection, heavy engineering, drones, anti-drone solutions, quantum communication. |
Top brands - |
Raw materials needed Specialized metals, optical components, electronic parts, advanced composites. |
Raw materials supplier Suppliers primarily from Indian and select global vendors in defense-grade materials and electronics. |
Recurring vs cyclical contribution Revenue is largely project-based with cyclical tendencies linked to government defense budgets but increasing recurring contracts. |
Our industry position Emerging leader in indigenous design and manufacturing with growing market share in optics and defense engineering segments. |
Financial highlights FY2024-25 revenue ₹364.66 Cr, net profit ₹63.47 Cr, 42.99% revenue growth year-over-year, strong profitability improvements. |
Geographical revenue split About 85% revenue from India, 15% from international markets. |
Order book - |
Whats driving growth Government initiatives promoting local defense manufacturing, R&D investments, strategic partnerships, and expansion into drones and quantum tech. |
Our future plans Enhance manufacturing, develop laser-based air defense, quantum sensing, hyperspectral imaging, and deepen global defense supply chain integration. |
Our green promise Committed to ESG with sustainability report and corporate social responsibility activities aligned with national guidelines. |
Our people and values Employs 537 permanent staff, promotes talent development via training, performance appraisal, and ESOP schemes. |
Key challenges ahead Competitive industry dynamics, dependence on government contracts, technological advancements, and global geopolitical uncertainties. |
Interesting facts India's first EMP racks for strategic applications developed; formed JV with Israeli EO/IR specialist Controp in 2024. |
Risks and strategy Manages risks through a formal risk management framework; strategy focuses on diversification, innovation, and strengthening indigenous capabilities. |
