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10th May 2025 · SEBI-Registered Analyst

Paras defence

Paras Defence and Space Technologies Ltd. is a prominent Indian defense engineering company specializing in the design, development, and manufacturing of advanced defense and space applications. Headquartered in Navi Mumbai, the company operates under the "Make in India" initiative, offering a diverse range of products and solutions across various sectors May 2025, Paras Defence entered into a joint venture with Israel's HevenDrones to manufacture advanced hydrogen-powered drones in India. This collaboration aims to cater to India's defense and homeland security sectors, with future plans to explore global markets Additionally, the company secured a manufacturing license for MK-46 and MK-48 Light Machine Guns, enhancing its production capabilities in small arms

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