Paras Aerospace
Paras Defence & Space Technologies is an Indian Tier 2 defence engineering company that designs and manufactures indigenous defence electronics, ultra-precision space optics, EMP protection systems, and heavy engineering components for Indian defence forces, DRDO, and defence PSUs.
- Company typePublic
- Founded1984
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Paras Aerospace does
Paras Defence & Space Technologies Limited is an Indian Tier 2 defence engineering company that designs, develops, and manufactures a broad portfolio of indigenous products across four verticals: Defence & Space Optics (IR lenses, optical domes, gyro blocks, diffractive gratings, large-size space mirrors, Zerodur mirrors), Defence Electronics (MIL-grade rugged displays, VME/VPX platforms, command and control systems, avionic suites, high-performance embedded computing), Electromagnetic Pulse Protection (shielded rooms, racks, cabinets with 100+ dB shielding effectiveness, filters, turnkey projects), and Heavy Engineering (flow-formed tubes, titanium assemblies, active array radar cooling assemblies, special metal manufacturing). The company operates from a Navi Mumbai headquarters, an Ambernath heavy engineering manufacturing facility, a Bengaluru engineering and design centre, and a Hyderabad electronics D&E office, with 500+ dedicated employees and a 40+ year operating history. It claims sole-supplier status in India for vital imaging components used in space applications and is described as the only Indian manufacturer of infrared optics in large quantities, with proprietary ultra-precision capability at λ/50 RMS and λ/8 PV surface accuracy.
Revenue is generated primarily through B2B hardware sales to Indian defence forces, DRDO laboratories, and defence PSUs (BEL, HAL, BDL, ISRO, Mazagon Dock, ECIL) via government tender and DPM 2025 procurement channels, supplemented by professional services for system integration, installation, and after-sales. Pricing is quote-based and not publicly disclosed, with multi-year contract cadence. The company is publicly listed on Indian stock exchanges, conducted a Qualified Institutions Placement in October 2024, and has expanded its go-to-market through joint ventures and technology partnerships with international defence technology firms from Israel (CONTROP, MicroCon Vision, Cielo), the USA (Bandak Aviation/Northstar), Germany (High Performance Space Structure Systems), and France (Cerbair). Subsidiaries extend the platform into counter-drone systems (Paras Anti-Drone Technologies), advanced drone manufacturing (Paras Heven Advanced Drones), thermal solutions (Mechtech Thermal), and a proposed semiconductor subsidiary.
Recent strategic milestones include a DRDO licensing agreement for Driver Night Sight (DNS) technology for T-90 tanks (November 2025), a Rs 7.72 Cr DRDO order for Ku/C-band satellite communication phased array antennas (April 2026), and export orders for counter-UAS technology to France. The addressable market is supported by DPM 2025, which reserves 75% of capital procurement for indigenous sources within a Rs 1 trillion annual armed forces revenue procurement pool, alongside India's defence export target of Rs 500 billion by 2029.
Paras Aerospace firmographics
Firmographics- Name
- Paras Aerospace
- Legal name
- Paras Defence & Space Technologies Limited
- Website
- https://parasdefence.com
- Company type
- Public
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Paras Defence & Space Technologies is an Indian Tier 2 defence engineering company that designs and manufactures indigenous defence electronics, ultra-precision space optics, EMP protection systems, and heavy engineering components for Indian defence forces, DRDO, and defence PSUs.
- Ownership category
- akta.pro rank
Where Paras Aerospace is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Paras Aerospace business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Defence Electronics Sales: Direct sales of defence electronics including rugged displays, computing systems, VME/VPX platforms, command and control systems to Indian defence forces and PSUs.
- Defence & Space Optics: Sales of IR lenses, optical domes, gyro blocks, diffractive gratings, mirrors for space and defence applications.
- EMP Solutions: Sales of EMP shielded rooms, racks, cabinets, filters, and turnkey EMP protection projects.
- Heavy Engineering: Sales of flow-formed tubes, titanium manufacturing, special metal manufacturing for missile and rocket programs.
- Professional Services: System integration, installation, commissioning, and after-sales services for defence systems.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B/Government procurement - quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Paras Aerospace product offering
Product offeringCore offering
Paras Defence & Space Technologies Limited (doing business as Paras Aerospace) designs, develops, and manufactures indigenously designed defence electronics, defence and space optics, electromagnetic pulse (EMP) protection systems, and heavy engineering components for missile, rocket, naval, space, and armoured vehicle programs. The company also provides system integration, installation, and after-sales services, and operates subsidiaries for counter-drone and advanced drone technologies.
Product overview
Paras Defence & Space Technologies Limited is a Tier 2 Indian Defence Engineering Company offering the widest range of defence products and solutions under the IDDM (Indigenously Designed Developed and Manufactured) category. The company operates across four main segments: Defence & Space Optics (including IR Lenses, Optical Domes, Gyro Blocks, Diffractive Gratings, Space Mirrors, and Lens Assemblies), Defence Electronics (MIL Grade Control Systems, Rugged Displays, VME/VPX Systems, Computing Systems, and Software Development), Electromagnetic Pulse Protection (Shielded Rooms, Racks, Filters, Doors, and Turnkey EMP Projects), and Heavy Engineering (Flow Formed Tubes, Titanium Manufacturing, Radar Cooling Assemblies, and Special Metal Manufacturing). The company also operates subsidiaries for drone technologies including anti-drone systems and advanced drone manufacturing through partnerships with HevenDrones and MicroCon Vision.
Differentiator
Problem solved
Functional benefit
Brands
- cView Series: MIL-Grade TFT LCD solutions for military and industrial display applications
- cSense Series
- cCOTS
- cWave Series
- cSAND Series
- cCage Series
Products and services
- Defence Electronics Military-grade electronic systems including MIL Grade Control Systems, Multi-Function Consoles, Rugged Displays, Computers/Servers, VME/VPX Systems, Software Development, Sensing Electronics, and Avionic Suites for Indian defence forces and PSUs.
- Defence & Space Optics Precision optical components for defence and space applications including IR Lenses, Optical Domes, Gyro Blocks, Diffractive Gratings, Large Size Space Mirrors, Multi-Fold Lenses, Zerodur Mirrors, Optical Reflectors, Metal Mirrors, and Ultra Precision Manufacturing.
- Optronic Systems Electro-optical systems including HyperSpectral Imaging System, Remotely Control Weaponised Station (RCWS), Optical Submarine Periscope, Border Surveillance System, and Red Dot Reflex Sight.
- EMP Solutions Electromagnetic pulse protection products including EMP Shielded Rooms & Control Centers, EMP Protected Racks & Cabinets, Anechoic/Semi Anechoic Chambers, EMP Protection Filters/Arrestors, Shielded/Screen Doors, EMP Hardened Products, and Turnkey EMP Projects.
- Heavy Engineering Precision manufacturing services including Flow Formed Tubes, Active Array Radar Cooling Assemblies, Titanium Manufacturing, Special Metal Manufacturing, Heavy Structures, Special Purpose Machines, MIL Grade Racks & Cabinets, and Rugged Tri-Pods & Quadri-Pods.
- Counter-Drone and Anti-UAS Systems Counter-UAS (Unmanned Aerial System) technology subsidiary providing anti-drone solutions and RF jammers to defence and security customers including international export to France's Cerbair.
- Advanced Drone Systems Advanced drone manufacturing through joint venture with HevenDrones Ltd, bringing cutting-edge drone technology to Indian and global markets including DGCA-certified agriculture drones.
Quantifiable outcome
- 40+ years of sustained growth in defence engineering
- +2 more outcomes
Companies that use Paras Aerospace
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles5 records
Paras Aerospace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Paras Aerospace partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered minor and core.
- Bandak Aviation Inc (Northstar, USA)minorAgreement signed with Bandak Aviation Inc DBA Northstar, USA for aviation technology solutions.
- Inter-University Accelerator Centre (IUAC), UGCminorMoU with IUAC, Ministry of Education, Government of India for accelerator technology research and development.
- High Performance Space Structure Systems GmbH (Germany)coreTeaming Agreement for space structure systems. Partnership to offer world-class space antenna and CFRP structure solutions. Currently setting up India's first private Space Antenna manufacturing and integration plant.
- Cerbair (France)coreSupply of high-end Counter UAS Technology to France's Cerbair. LOI received from Cerbair by subsidiary Paras Anti-Drone Technologies. Strategic partnership for counter-drone technology.
- HevenDrones LtdcoreStrategic Joint Venture with Heven, a Leading Global Drone Innovator. Formation of Paras Heven Advanced Drones Private Limited subsidiary. Heven brings advanced drone technology for Indian and global markets.
- MicroCon Vision Ltd (Israel)coreLandmark MoU signed to bring advanced drone camera technology to India. MicroCon's cutting-edge drone camera solutions combined with Paras Defence's manufacturing capabilities.
- Micro-Lam Inc.minorAlteration to Joint Venture Agreement with Micro-Lam Inc. for advanced manufacturing technologies.
- Israeli Company (ATE Partnership)minorCollaboration with Israeli Company for Automated Test Equipment manufacturing with high standards, quality, and processes.
- Controp-Paras Technologies Private LimitedcoreJoint Venture Agreement with Controp (Israel) for advanced optronic systems. Controp brings electro-optic payload technology for UAVs and surveillance systems.
- SAMEER (Society of Applied Microwave Electronics Engineering Research)coreMoU with SAMEER for technology development including transfer of technology of Smart Warehouse for Safe Storage of Grains. Strategic collaboration for microwave and electronics research.
- Spacekawa Explorations Private LimitedminorMOU signed for drone technologies and space applications. Partnership to explore opportunities in drone and space technology development.
- Yantra India LimitedminorTechnology Collaboration MoU with Yantra India Limited for defence manufacturing partnerships.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Paras Aerospace competitors and assessment
Company assessmentDirect peers
- Data Patterns (India): Indian listed Tier 2 defence electronics company with similar end customers (DRDO, MoD, BEL) and comparable product breadth across radar, electronic warfare, and avionics. Closest direct competitor in the Indian defence electronics mid-cap segment.
- Centum Electronics: Indian listed defence and space electronics company serving DRDO, ISRO, and MoD with similar product lines including rugged systems, electronic warfare modules, and space-grade hardware. Direct comparable on customer overlap and product category.
- MTAR Technologies: Indian precision engineering company supplying critical components to India's nuclear, space, and defence programs including ISRO and DRDO. Closest comparable on the heavy engineering / precision manufacturing side of Paras's portfolio.
- ideaForge Technology: Indian listed drone manufacturer focused on defence, security, and enterprise UAVs. Most direct comparable to Paras Heven Advanced Drones subsidiary in the Indian drone segment.
- Mishra Dhatu Nigam (MIDHANI): Indian PSU speciality metals manufacturer supplying titanium, superalloys, and other strategic materials to defence and space programs. Comparable to Paras's Heavy Engineering segment (titanium manufacturing, special metals for missile/rocket programs).
- Astra Microwave Products: Indian listed defence electronics specialist in RF/microwave components and subsystems for radar and EW. Comparable in customer profile (DRDO labs, defence PSUs) and overlapping in RF/electronic warfare subsystems.
Broad incumbents
- Hindustan Aeronautics Limited: India's largest aerospace and defence aircraft OEM and a Paras customer. Operates across a much broader portfolio but directly comparable as the primary off-taker of avionics and optronics subsystems in military aircraft programs.
- Solar Industries India: India's largest private-sector defence explosives and munitions manufacturer. Adjacent comparable as a leading listed Indian Tier 2 defence company serving MoD and DRDO with critical ordnance and energetic materials.
- Bharat Electronics Limited: India's largest defence electronics PSU and a Paras customer in its own right. Overlaps directly in rugged displays, computing systems, avionics, and command/control — but operates across a much broader portfolio and benefits from structural PSU procurement preference.
- Bharat Dynamics Limited: Indian missile and torpedo PSU that is both a Paras customer (for missile components like flow-formed tubes) and a competitor for missile subsystems. Provides direct read on the missile programs vertical Paras serves.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Paras Aerospace social profiles
Digital presenceParas Aerospace financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paras Aerospace leadership team
Management profileNumber of profiles
Profiles3 records
Paras Aerospace subsidiaries and ownership
Company hierarchySubsidiaries5 records
Paras Aerospace funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paras Aerospace M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paras Aerospace
What does Paras Aerospace do?
Paras Defence & Space Technologies Limited (doing business as Paras Aerospace) designs, develops, and manufactures indigenously designed defence electronics, defence and space optics, electromagnetic pulse (EMP) protection systems, and heavy engineering components for missile, rocket, naval, space, and armoured vehicle programs. The company also provides system integration, installation, and after-sales services, and operates subsidiaries for counter-drone and advanced drone technologies.
Is Paras Aerospace a public or private company?
Paras Aerospace is a public company. It is classified as public and is currently operating.
When was Paras Aerospace founded?
Paras Aerospace was founded in 1984. It employs 11 to 50 people.
Where is Paras Aerospace based?
Paras Aerospace is headquartered in Mumbai, India, in the Asia region.
How does Paras Aerospace make money?
Five revenue lines are on record. Defence Electronics Sales are the primary driver. The others are defence & Space Optics, EMP Solutions, heavy Engineering and professional Services.
Who are Paras Aerospace's main competitors?
Direct peers on record are Data Patterns (India), Centum Electronics, MTAR Technologies, ideaForge Technology, Mishra Dhatu Nigam (MIDHANI) and Astra Microwave Products. Broad incumbents are Hindustan Aeronautics Limited, Solar Industries India, Bharat Electronics Limited and Bharat Dynamics Limited.
Does Paras Aerospace have an API?
No public API is recorded for Paras Aerospace.