Paras Defence & Space Technologies
Paras Defence & Space Technologies is an IDDM-certified Indian defence and space engineering company that manufactures infrared optics, ruggedised military electronics, EMP shielding, heavy engineered components, and directed energy weapons, supplying defence PSUs, DRDO, and the Indian Armed Forces.
- Company typePublic
- Founded1986
- HeadquartersMumbai, India
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Paras Defence & Space Technologies does
Paras Defence & Space Technologies Limited is an IDDM-certified Indian defence and space engineering company founded in 1986 and headquartered in Navi Mumbai. It manufactures precision optical components (IR lenses, optical domes, Zerodur mirrors, diffractive gratings), electro-optic and optronic systems (HyperSpectral Imaging, RCWS, optical submarine periscopes), military-grade ruggedised electronics, EMP shielding solutions, and heavy engineered components (flow-formed tubes, titanium assemblies) for missile, naval, armoured vehicle, electronic warfare, and space applications. It is India's only private-sector company manufacturing infrared optics at scale and supplies directly to defence PSUs (BEL, HAL, BDL), DRDO laboratories, CSIR-NAL, and the Indian Armed Forces under a B2G model with multi-year procurement contracts awarded through tendering and OEM supply agreements.
The company generates revenue through hardware sales across four product verticals — Defence & Space Optics, Defence Electronics, EMP Solutions, and Heavy Engineering — supplemented by application-specific offerings in rocket/missile, naval, battle tank, electronic warfare, and space research segments. FY26 revenue reached Rs 476.57 crore (~30% YoY growth) with a Rs 986 crore order book, and Q4 FY26 net profit grew 74% YoY, signalling operating leverage. Revenue recognition is project- and order-based with long delivery cycles. Beyond its core, the company has built a portfolio of wholly-owned and joint-venture subsidiaries covering anti-drone systems (Paras Anti-Drone Technologies), drones (Paras Heven Advanced Drones JV with Israel's HevenDrones), thermal solutions (Mechtech Thermal, Himanshi Thermal), optronics (Controp-Paras JV), avionics (Paras Avionics), and semiconductor OSAT packaging (Paras Semiconductors). Strategic international partnerships with Bandak Aviation (USA), Green Optics (South Korea), Cielo Inertial and MicroCon Vision (Israel), Cerbair (France), and HPSS (Germany) are used to localise critical foreign defence technologies for the Indian market.
Paras Defence & Space Technologies firmographics
Firmographics- Name
- Paras Defence & Space Technologies
- Legal name
- Paras Defence & Space Technologies Limited
- Website
- https://parasdefence.com
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Paras Defence & Space Technologies is an IDDM-certified Indian defence and space engineering company that manufactures infrared optics, ruggedised military electronics, EMP shielding, heavy engineered components, and directed energy weapons, supplying defence PSUs, DRDO, and the Indian Armed Forces.
- Ownership category
- akta.pro rank
Paras Defence & Space Technologies industry classification
Industry- Product category
- Defence & Aerospace Engineering
- NAICS
- Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Aerospace Product and Parts Manufacturing (33641)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Optical Instruments & Lenses (3827)
- akta.pro primary industry
- Military Aircraft Structures, Airframes & Composites (IMABAMAH)
- akta.pro secondary industries
- Ordnance Components & Subassemblies (Casings, Liners, Guidance Sections) (IMABAHAL), Space Structures, Mechanisms & Thermal Control (IMABACAF), Submarine Systems & Components (Pressure Hull, Ballast, Life Support) (IMABAKAL), Small Unmanned Aerial Systems (sUAS) & Multirotor Drones (IMABAIAA)
Keywords
Where Paras Defence & Space Technologies is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Paras Defence & Space Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Infrastructure
Revenue model
- Defence Products and Systems: Sale of indigenous defence products including IR optics, electro-optic systems, missile components, EMP shielding, and counter-UAS systems to defence PSUs, DRDO, and the Indian Armed Forces. Revenue is project- and order-based with long delivery cycles typical of defence procurement.
- Avionics and Aerospace Components: Supply of avionics systems and precision aerospace components (flow-formed missile casings, titanium structures) to aerospace OEMs such as HAL and NAL. Revenue recognized upon delivery against firm orders.
- Space Technology Products: Satellite communication ground systems, optical systems for space applications, and space-grade structural components supplied to ISRO and international space programmes.
- Subsidiary Products (Anti-Drone, Thermal, Hydrogen): Revenue from subsidiaries focused on anti-drone systems, thermal imaging cameras, and hydrogen energy — contributing to diversified revenue streams beyond core defence electronics.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Government/PSU procurement (primary channel) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Paras Defence & Space Technologies product offering
Product offeringCore offering
Paras Defence & Space Technologies manufactures and supplies indigenous defence and space engineering products across four primary segments: Defence & Space Optics (IR lenses, optical domes, gyro blocks, diffractive gratings, Zerodur mirrors), Optronic Systems (Hyperspectral Imaging, RCWS, submarine periscopes), Defence Electronics (MIL-grade rugged displays, control systems, VME/VPX platforms, avionic suites), and EMP Solutions (shielded rooms, anechoic chambers). It also provides Heavy Engineering capabilities including flow forming, titanium fabrication, and missile/rocket motor casings to Indian defence PSUs, DRDO, the Indian Navy, and aerospace OEMs.
Product overview
Paras Defence & Space Technologies is a Tier 2 Defence Engineering Company offering the widest range of defence products and solutions in India, with capabilities across four main segments: Defence & Space Optics, Defence Electronics, Electromagnetic Pulse (EMP) Protection, and Heavy Engineering. The company operates as a unified product portfolio under its IDDM (Indigenously Designed Developed and Manufactured) category, offering hardware-based solutions rather than a software platform. The Defence & Space Optics segment provides precision optical components including IR lenses, optical domes, gyro blocks, diffractive gratings, multi-fold lenses, Zerodur mirrors, and ultra-precision manufactured lens assemblies for space and defence applications. The Optronic Systems include HyperSpectral Imaging System, Remotely Controlled Weaponised Station (RCWS), Optical Submarine Periscope, Border Surveillance System, and Red Dot Reflex Sight. Defence Electronics encompasses MIL Grade Control Systems, Multi-Function Consoles, Rugged Displays, Rugged VME/VPX Systems, and Avionic Suites. EMP Solutions include Shielded Rooms, Control Centers, Racks and Cabinets, Anechoic Chambers, Filters, and Turnkey Projects. Heavy Engineering provides Flow Formed Tubes, Active Array Radar Cooling Assemblies, Titanium Manufacturing, and Special Metal Manufacturing. These products serve specific application domains: Rocket/Missile Programs, Naval Systems, Battle Tank & Armoured Vehicles, Electronic Warfare and Surveillance, and Space Research Programs.
Differentiator
Problem solved
Functional benefit
Brands
- RayStrike 9: High-power laser weapon system (3kW to 9kW) for counter-drone and anti-missile applications, developed in collaboration with DRDO's CHESS laboratory
- cView Series
- cWave Series
- cCOTS Series
- cSense Series
Products and services
- Defence & Space Optics
Quantifiable outcome
- Q4 FY26 net profit grew 74% YoY to Rs 34.38 crore, indicating improving profitability from scale and operational leverage
- +2 more outcomes
Companies that use Paras Defence & Space Technologies
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Paras Defence & Space Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Paras Defence & Space Technologies partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and major.
- Bandak Aviation Inc. DBA Northstar (USA)core10-year supply and technology agreement for air-to-air refuelling systems, enabling Paras Defence to offer this critical aerial warfare capability to the Indian defence market. Northstar supplies the core technology, and Paras Defence integrates and localises for Indian platform requirements.
- Green Optics Co. Ltd. (South Korea)coreMemorandum of Understanding for optics and optical systems for space and defence applications. Green Optics provides specialist optical manufacturing expertise and technology transfer for producing high-performance optics required for space and defence programmes.
- HevenDrones Ltd. (Israel)coreJoint venture and subsidiary formation for drone and counter-drone technology development and manufacturing in India. HevenDrones contributes drone platform technology and Paras Defence provides local manufacturing capability, market access, and integration with Indian defence requirements. A dedicated JV entity was established.
- MicroCon Vision Ltd (Israel)majorMemorandum of Understanding for drone camera technology, enabling Paras Defence to incorporate advanced imaging sensors into its counter-drone and surveillance product lines.
- Controp (Israel)majorJoint venture agreement for counter-drone technology development and manufacturing. Controp contributes electro-optic payload and counter-UAS technology; Paras Defence localises and manufactures for the Indian market.
- Cielo Inertial Solutions Ltd (Israel)majorMemorandum of Understanding for inertial navigation and guidance technology, supporting Paras Defence's avionics and precision-guided munitions product development.
- CSIR-NAL (National Aerospace Laboratories, India)coreCo-development partnership for the Saras Mk-II transport aircraft avionics suite, including flight control computers, mission computers, and cockpit displays. Paras Defence serves as a development partner and supplier within the NAL-led programme.
- Cerbair (France)majorSupply of counter-UAS (anti-drone) technology from Cerbair to Paras Defence for the Indian market. Paras Defence integrates Cerbair's detection and neutralisation technology into locally manufactured counter-drone systems.
- High Performance Space Structure Systems GmbH (Germany)majorTeaming agreement for space structures, combining Paras Defence's manufacturing capabilities with HPSS's structural engineering expertise for space programme collaborations.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Paras Defence & Space Technologies competitors and assessment
Company assessmentBroad incumbents
- Bharat Electronics Limited (BEL): India's premier defence electronics PSU and Paras Defence's largest customer. While Paras supplies BEL as a Tier-2 supplier, BEL is the closest comparator in electro-optic systems, ruggedised military electronics, and radar subsystems under the same Indian defence procurement umbrella.
- Hindustan Aeronautics Limited (HAL): India's aerospace prime and a Paras customer for avionics and precision aerospace components. While HAL is significantly larger and vertically integrated, it sets the standard for Indian aerospace manufacturing and consumes Paras's flow-formed tubes, titanium assemblies, and avionics.
- Elbit Systems: Israeli defence electronics company with significant electro-optic, counter-UAS, and EW capabilities. Relevant as the parent technology provider behind Paras's Controp JV and a benchmark for the type of integrated defence-electronics platform Paras is scaling toward globally.
Direct peers
- Bharat Dynamics Limited (BDL): India's primary missile systems PSU and a Paras Defence customer for seeker windows and missile components. Direct overlap on missile seeker optics and precision missile components makes BDL a natural comparable for Paras's ordnance and missile subsystem portfolio.
- Data Patterns (India): Indian listed defence electronics company specialising in ruggedised electronic systems, radar subsystems, and COTS-based military electronics. Closest publicly listed Indian peer by product mix (defence electronics + subsystems) and customer base (DRDO, defence PSUs).
- MTAR Technologies: Indian listed precision engineering company serving nuclear, aerospace, and defence customers with critical components. Comparable to Paras's heavy engineering and precision manufacturing segment, including flow-formed tubes and titanium assemblies supplied to DRDO and ISRO.
- Astra Microwave Products: Indian listed company manufacturing RF/microwave components and subsystems for defence, space, and EW applications. Overlaps with Paras's electronic warfare, radar cooling assemblies, and rugged RF subsystems portfolio serving DRDO and defence PSUs.
- Solar Industries India: India's largest industrial explosives and defence munitions manufacturer, listed and growing rapidly via indigenisation. Comparable as a listed Indian defence company benefiting from import substitution, with overlap on munitions-adjacent propellant and energetics supply chains.
- IdeaForge Technology: Indian listed drone manufacturer serving defence, security, and enterprise customers. Comparable as a domestic UAV platform builder and potential counter-UAS counterpart; Paras's HevenDrones JV and anti-drone subsidiaries create direct competitive and partnership overlap.
Regional players
- Mazagon Dock Shipbuilders: Indian PSU warship and submarine builder and a potential customer for Paras's naval electro-optic systems, submarine periscopes, and complex titanium assemblies. Comparable as a domestic naval defence platform beneficiary of the same indigenisation policy tailwinds.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat5 records
Key risks2 records
Key highlights6 records
Customer concentration
Paras Defence & Space Technologies social profiles
Digital presenceParas Defence & Space Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paras Defence & Space Technologies leadership team
Management profileNumber of profiles
Profiles4 records
Paras Defence & Space Technologies subsidiaries and ownership
Company hierarchySubsidiaries8 records
Paras Defence & Space Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paras Defence & Space Technologies M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paras Defence & Space Technologies
What does Paras Defence & Space Technologies do?
Paras Defence & Space Technologies manufactures and supplies indigenous defence and space engineering products across four primary segments: Defence & Space Optics (IR lenses, optical domes, gyro blocks, diffractive gratings, Zerodur mirrors), Optronic Systems (Hyperspectral Imaging, RCWS, submarine periscopes), Defence Electronics (MIL-grade rugged displays, control systems, VME/VPX platforms, avionic suites), and EMP Solutions (shielded rooms, anechoic chambers). It also provides Heavy Engineering capabilities including flow forming, titanium fabrication, and missile/rocket motor casings to Indian defence PSUs, DRDO, the Indian Navy, and aerospace OEMs.
Is Paras Defence & Space Technologies a public or private company?
Paras Defence & Space Technologies is a public company. It is classified as public and is currently operating.
When was Paras Defence & Space Technologies founded?
Paras Defence & Space Technologies was founded in 1986. It employs 501 to 1,000 people.
Where is Paras Defence & Space Technologies based?
Paras Defence & Space Technologies is headquartered in Mumbai, India, in the Asia region.
How does Paras Defence & Space Technologies make money?
Four revenue lines are on record. Defence Products and Systems are the primary driver. The others are avionics and Aerospace Components, space Technology Products and subsidiary Products (Anti-Drone, Thermal, Hydrogen).
Who are Paras Defence & Space Technologies's main competitors?
Broad incumbents on record are Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL) and Elbit Systems. Direct peers are Bharat Dynamics Limited (BDL), Data Patterns (India), MTAR Technologies, Astra Microwave Products, Solar Industries India and IdeaForge Technology. Mazagon Dock Shipbuilders is listed as a regional player.
Does Paras Defence & Space Technologies have an API?
No public API is recorded for Paras Defence & Space Technologies.
What industry is Paras Defence & Space Technologies in?
Paras Defence & Space Technologies's product category is Defence & Aerospace Engineering. Its primary akta.pro industry code is IMABAMAH, Military Aircraft Structures, Airframes & Composites, with a secondary code of IMABAHAL, Ordnance Components & Subassemblies (Casings, Liners, Guidance Sections). Its NAICS code is 336419 and its SIC code is 3760.