PARAS fundamentals

Paras Defence & Space Technologies Ltd. engages in the designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. It operates through the following segments: Heavy Engineering, Defence and Space Optics, and Defence Electronics. The Heavy Engineering manufactures and sells flow formed rockets and missile motor tubes and radar array cooling assemblies for naval applications and turnkey projects. The Defence and Space Optics includes the manufacturing and sale of infrared lenses for night vision devices; space optics, ratings, and mirrors; reflex sights; and precision diamond turned components. The Defence Electronics segment comprises of defence automation and control systems, rugged command and control consoles, and EMP solutions. The company was founded on June 16, 2009 and is headquartered in Navi Mumbai, India.