Paras Defence and Space Technologies Limited
PARAS.BO
Bombay Stock Exchange1,306.15
INR
-52.75
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Paras Defence and Space Technologies Limited
PARAS.BO
(Bombay Stock Exchange)
Recent
price
1,306.15
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ratio
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div
yld
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ROIC.AI
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- Business
- Paras Defence and Space Technologies Limited designs, develops, manufactures, tests and commissions defence and space engineering products and solutions as a leading Indian Tier-2 player focused on indigenously designed, developed and manufactured (IDDM) offerings. The company operates across four core segments including Defence & Space Optics with large-size optics, diffractive gratings, infrared optics and optronic subsystems; Defence Electronics encompassing rugged networking and communication systems, rugged displays and computing systems, command and control systems, electronic warfare and surveillance technologies; Electromagnetic Pulse (EMP) Protection Solutions such as EMP-protected rugged displays, shock/vibration-proof heavy duty consoles and EMP-protected racks; and Heavy Engineering covering mechanical system integration, test facilities and heavy manufacturing. Through subsidiaries like Paras Aerospace, Paras Anti-Drone Technologies, Quantico Technologies and others, it extends into drones and drone services (military/tactical, industrial, agriculture and next-generation variants with payloads, autonomous surveillance, parachutes and MRO), anti-drone systems (drone jammer guns, portable detection and jamming systems, RF/microwave developments), quantum communication and sensing. Founded in 2009 and headquartered in Navi Mumbai, Maharashtra with manufacturing facilities in Ambernath, Bengaluru, Hyderabad and sales presence across India including Delhi, Chennai and Pune, the company serves Indian government entities, private and international defence customers primarily in rocket/missile programs, space research, naval systems, land/armoured vehicles and critical infrastructure protection. Recent developments include acquiring an 8% stake in Logic Fruit Technologies in February 2025 to enhance AI-driven embedded solutions and high-performance computing for its anti-drone subsidiary; signing a teaming agreement with Germany's High Performance Space Structure Systems GmbH; entering a Rs 12,000 crore MoU for Navi Mumbai Optics Park expected operational by 2028; receiving a development contract from Europe's CerbAir for next-generation jammers; and incorporating a new subsidiary Paras Heven Advanced Drones Private Limited in October 2025.