About Paras Defence and Space Technologies Limited

Paras Defence and Space Technologies Limited is an Indian defence and space engineering company founded in 1979 and listed on BSE and NSE. Headquartered near Mumbai, it operates manufacturing facilities in Navi Mumbai and Ambernath, delivering high‑precision products and turnkey systems for defence and space applications. The company’s operations are organised into two core verticals: Optics and Optronic Systems, and Defence Engineering (covering Defence Electronics, Electromagnetic Pulse (EMP) Protection Solutions and Heavy Engineering). Offerings include submarine optronic periscopes, EO/IR systems for armoured vehicles, border surveillance and drones/UAVs, large‑format space optics, hyperspectral imaging systems, EMP protection systems, high‑performance defence electronics and flow‑formed rocket/missile motor tubes.

Geographically, Paras serves Indian and international markets, with national operations spanning 18 states/UTs and reach across 9 countries. It has two plants and five offices in India. As on March 31, 2025, the company had 6 subsidiaries (5 in India and 1 overseas) and 2 associates.

Paras Defence and Space Technologies Limited Milestones

Among its milestones, Paras highlights being the only company in the Asia‑Pacific to indigenously develop and manufacture submarine periscopes, the first private Indian company to develop hyperspectral cameras for defence and space, the sole Indian company to offer turnkey EMP protection solutions, and the creator of India’s first Border Defence System; it also manufactures cameras for drones and UAVs.

Paras Defence and Space Technologies Limited’s Business Segments

• Consolidated revenue by vertical (FY25): Defence Engineering 51%; Optics and Optronic Systems 49%.
• Geographic mix (Consolidated, FY25): 

India: 31,076.50 Lakhs; Outside India: 5,389.62 Lakhs, implying approximately 85% India and 15% outside India.

Paras Defence and Space Technologies Limited Key Management

• Sharad Virji Shah – Chairman & Non‑Executive Non‑Independent Director
• Munjal Sharad Shah – Managing Director
• Shilpa Amit Mahajan – Whole‑Time Director
• Harsh Dhirendra Bhansali – Chief Financial Officer
• Jajvalya Raghavan – Company Secretary and Compliance Officer

Latest Updates on Paras Defence and Space Technologies Limited

• Equity Raising: The company allotted 12,93,604 equity shares via a Qualified Institutions Placement (QIP) in October 2024, increasing paid‑up share capital from Rs 3,900 Lakhs to Rs 4,029 Lakhs.
• Employee Stock Options: Shareholders approved “Paras Defence ESOP 2024”; options were extended to employees of the company, its subsidiaries and associates. During FY25, 78,450 options were granted on January 22, 2025, with an exercise price of Rs 1,000 per share.
• Portfolio and Milestones: The company underscored achievements such as indigenously developed submarine periscopes, hyperspectral cameras, turnkey EMP solutions and India’s first Border Defence System; it is also expanding into laser‑based air defence, anti‑drone systems, quantum communication and sensing.
• Group Structure Changes: Paras Green UAV Private Limited ceased to be a subsidiary with effect from March 27, 2025. The Board, on March 28, 2025, approved divestment of a 58.02% stake in Ayatti Innovative Private Limited; post completion, Ayatti will cease to be a subsidiary. As of March 31, 2025, the company had 6 subsidiaries and 2 associates.
• Material Contracts: Shareholders were informed of a material related‑party transaction with associate Controp‑Paras Technologies Private Limited, with an approved value up to Rs 293 crore.