Paras Defence and Space Technologies is emerging as a strategic player in India’s defense sector, with its indigenously developed submarine optronic periscopes set to drive future growth. The company is the only manufacturer in the Asia-Pacific region for these advanced systems, giving it a unique competitive edge. Its Optics & Optronics segment saw a threefold revenue jump—from ₹66 crore in FY24 to ₹177 crore in FY25—now contributing 48% of total revenue. This surge highlights the growing importance of high-tech optronics in naval modernization. With a total order book of ₹928 crore, including ₹120 crore from periscope contracts, the company enjoys strong visibility. Director Amit Mahajan emphasized minimal domestic competition due to its technological lead, though it faces competition from foreign players. Paras Defence is well-positioned to capture rising demand for advanced submarine systems in India and abroad, reinforcing its role in strengthening national defense and achieving Aatmanirbhar Bharat in critical military technology.

PARAS

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