Paramount Dye Tec Limited
NNSE:PARAMOUNT37.95
INR
0.00
(0.00%)
Paramount Dye Tec Limited
NSE:PARAMOUNT
(National Stock Exchange of India)
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37.95
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in mil. unless spec.- Similar Companies
- Business
- Paramount Dye Tec Limited is an India-based textile manufacturing and trading company specializing in the production of recycled synthetic fibers and yarns for the business-to-business (B2B) apparel and home furnishing industries. The company operates through two primary business divisions: Manufacturing and Trading. Its comprehensive product and service portfolio encompasses recycled synthetic fibers derived from post-industrial acrylic and polyester waste; synthetic and blended yarns, including pure acrylic yarns, polyester yarns, nylon yarns, wool yarns, fancy yarns, and hand-knitting yarns; and traded textile products, including acrylic cloth, blended fabrics, and specialized synthetic yarns used in the manufacture of sweaters, mufflers, caps, socks, gloves, blankets, and domestic furnishings. Originally established as a partnership firm named Paramount Dye Tec in January 2014 and headquartered in Ludhiana, Punjab, India, the company maintains manufacturing facilities in Village Mangarh and Village Koom Khurd, Punjab. In recent corporate developments, the business transitioned from a partnership firm to a public limited entity, incorporating as Paramount Dye Tec Limited in January 2024. In October 2024, the company completed its initial public offering (IPO) on the SME platform of the National Stock Exchange of India (NSE Emerge), raising approximately INR 28.43 crore in fresh capital to finance the establishment of a new manufacturing facility, expand in-house spinning and waste-recycling capacity, register promoter-acquired land, and pay down existing corporate debt.