Paras Defence and Space Technologies Ltd
Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979. It is a progressive Tier-2 defence engineering company in India
Last verified:
At a Glance
- Headquarters
- Mumbai, Maharashtra, India (corporate office); Paras Anti-Drone Technologies Pvt Ltd subsidiary at Navi Mumbai – 400706, Maharashtra
- Type
- Manufacturer (listed)
- Founded
- 1979 (founded as a small engineering set-up; some sources cite 1972 for Paras Group origination); listed Oct 2021
- India entity
- null
- Listed
- Listed — NSE:PARAS / BSE:543367 (IPO listing date 1 October 2021; issue price ₹165-175 per share; listed at ₹498.75 — listing gain 171.43%)
- Key India role
- Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979. It is a progressive Tier-2 defence engineering company in India
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- key specs
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What It Is
Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979. It is a progressive Tier-2 defence engineering company in India delivering state-of-the-art optronics and space solutions. Paras is the exclusive optics supplier to the Indian Space Research Organisation (ISRO) and supplies high-precision defence and space optics for India's strategic programmes including ISRO, DRDO and the Indian Armed Forces. Product portfolio: defence and space optics, defence electronics, EMP (electromagnetic pulse) shielding solutions, heavy engineering, and turnkey projects. Subsidiary Paras Anti-Drone Technologies Pvt Ltd (Navi Mumbai) develops counter-UAS technology — products include Manpack Drone Detector with Handheld Drone Jammer, integrated anti-drone systems with drone jammers. Recent contracts: ₹46.19 crore anti-drone system contract (drone jammers); Powerus Guardian-1 high-speed counter-drone system — exclusive India manufacturing rights (partnership with US-based Powerus, July 2026); partnership with France-based CERBAIR for counter-UAV technology (July 2025). Paras is also in the process of offering turnkey laser-based air defence solutions against hostile drones and aerial targets.
Deployments & Procurement
6 documented India deployment(s)/procurement(s).
| Agency | Context | Year | Quantity / Note | Sources |
|---|---|---|---|---|
| Multiple | Paras Defence listed on NSE and BSE on 1 October 2021 — issue price ₹165-175 per share; listed at ₹498.75 (171.43% listing gain) | 2021 | — | [1][2][3] |
| Multiple | Paras Defence won ₹46.19 crore contract for supplying anti-drone systems including drone jammers | — | [1][2][3] | |
| Multiple | Paras Defence secured exclusive India manufacturing rights for Powerus Guardian-1 high-speed counter-drone system (2 July 2026) | 2026 | — | [1][2][3] |
| Multiple | Paras Anti-Drone Technologies to supply counter-UAV technology to France-based CERBAIR (2 July 2025) | 2025 | — | [1][2][3] |
| Multiple | Paras Defence is the exclusive optics supplier to ISRO for India's strategic programmes | — | [1][2][3] | |
| Multiple | Paras Defence developed integrated Manpack Drone Detector with Handheld Drone Jammer | — | [1][2][3] |
Import Dependencies
Not analysed in this dossier.
Intelligence Assessment
Methodology: /research/methodology/
FAQ
When was Paras Defence and Space Technologies founded?
Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979.
When did Paras Defence IPO list on NSE and BSE?
Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979.
On which stock exchanges is Paras Defence listed?
Paras Defence and Space Technologies Ltd is a Mumbai-based Indian private-sector defence and space engineering company, founded in 1979.
Which Indian company is the exclusive optics supplier to ISRO?
Paras is the exclusive optics supplier to the Indian Space Research Organisation (ISRO) and supplies high-precision defence and space optics for India's strategic programmes including ISRO, DRDO and the Indian Armed Forces.
What is the name of Paras Defence's anti-drone subsidiary?
Subsidiary Paras Anti-Drone Technologies Pvt Ltd (Navi Mumbai) develops counter-UAS technology — products include Manpack Drone Detector with Handheld Drone Jammer, integrated anti-drone systems with drone jammers.
Which US counter-drone system does Paras Defence have exclusive India manufacturing rights for?
Recent contracts: ₹46.19 crore anti-drone system contract (drone jammers); Powerus Guardian-1 high-speed counter-drone system — exclusive India manufacturing rights (partnership with US-based Powerus, July 2026); partnership with France-based CERBAIR for counter-UAV technology (July 2025).
Sources
- src-01IndicativeParas Defence — leading Indian defence & space engineering company offering optronics, defence electronics and heavy engineering systems
Domain root only; demoted to indicative per Atlas source-quality rule.
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