History of Paras Defence and Space Technologies Limited

_x000D_ 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._x000D_ _x000D_ 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._x000D_ _x000D_ 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._x000D_

Business Segments of Paras Defence and Space Technologies Limited

_x000D_ The company operates across 4 business verticals:_x000D_

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• 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.
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• 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.
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• 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.
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• 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.
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_x000D_ As of March 31, 2023, the subsidiary companies under Paras Defence and Space Technologies Limited include:_x000D_

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

_x000D_ Munjal Sharad Shah, Managing Director_x000D_ _x000D_ 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._x000D_

Corporate Actions of Paras Defence and Space Technologies Limited

_x000D_ There are no records of bonus shares or stock split from Kalyan Jewellers India Limited._x000D_

SWOT Analysis of Paras Defence and Space Technologies Limited

_x000D_ Strengths_x000D_

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• Has a diversified customer base.
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• Supplies to other regions outside India.
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_x000D_ Weakness_x000D_

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• Highly dependent on government and related entities’ contracts. Any change in these contracts can impact the operations of the company.
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_x000D_ Opportunities _x000D_

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• Government policies like Make in India and Aatmanirbhar Bharat can offer growth opportunities to Indian companies, especially in the defence and space sectors.
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• The demand for defence optics, defence electronics, heavy engineering services, etc., is increasing.
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_x000D_ Threats_x000D_

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