Paras Defence & Space Technologies Ltd. engages in the provision of designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. The company is headquartered in Navi Mumbai, Maharashtra and currently employs 537 full-time employees. The company went IPO on 2021-10-01. The firm is engaged in offering a range of products and solutions for defense and space application. The company operates through two segments: Optics & Optronic Systems and Defense Engineering. Optics & Optronic Systems segment include optical components and sub-systems, such as space optics/gratings/mirrors, infra-red lenses for night vision devices, opto-mechanical assemblies and precision diamond turned components and opto-electronic systems comprising of submarine periscope, hyperspectral camera. Defense Engineering segment include defense electronics compromising of defense automation and control systems, rugged command and control consoles, and avionic suite; heavy engineering comprising of flow formed rockets/ missile motor tubes, electromechanical assemblies, remote controlled border defense system and turnkey projects, and electromagnetic pulse protection solutions.