KRASNY PARAS DEFENCE TECHNOLOGIES PRIVATE LIMITED

In their own words

COMPANY PROFILE We would like to introduce ourselves as Krasny Paras Defence Private Limited, a newly formed joint venture company with the collaboration of Paras Defence & Space Technologies Ltd (PARAS) and Krasny Defence Technologies Ltd (Krasny). Briefs on Collaborating Companies: • PARAS with over 40 years of sustained business growth, offers a wide range of Products & Solutions for Defence & Space Applications. The company has five verticals of business viz. Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies. The company is involved in Technologies for Rocket & Missiles, Space & Space Research, Naval Systems, Land & Armoured Vehicles, Electronic Warfare & Surveillance, Electro Magnetic Shielding to name a few. The company has a state-of-the-art manufacturing setup with 400+ workforce and having capabilities to offer Turnkey Solutions from Design to Commissioning of Small to Large Systems. The company’s focus on Technology Development & R&D makes is a True IDDM company in the Indian Defence Industry. The company has state-of-the-art-manufacturing facilities at Ambernath, Nerul and Bangalore. Krasny was established in 1995 and has completed over 27 years of efficient and committed service to the nation in the field of defence equipment maintenance and wholesome refits of Indian Coast Guard Ships (ICGS). From being one of the first company in the country to be formed under the SEMFEX Scheme [Self Employment Scheme for Ex-servicemen] for harnessing core competence of ex-servicemen, the company has grown from strength to strength over the years in terms of manpower comprising of highly qualified & experienced professionals ex-Armed forces and expanded its customer reach by establishing offices and workshops across the Indian Coast line viz. Mumbai, Goa, Karwar, Kochi and Visakhapatnam. Presently the company has a strength of over 150 personnel having vast domain knowledge in diverse field of activities ranging from ships repairs & refits, electronic repairs, avionic repairs, outfitting of new construction vessels, design support, sales & product support of equipment and turnkey projects for OEM’s. Since 2018, the company has also diversified into the field of design, development and manufacturing under the “Make in India” initiative of the Government of India and has executed multiple contracts with the Navy and Defence forces. Purpose of Joint Venture: The sole purpose for setting up this joint venture is to harness the core competencies & strengths of both the companies to provide “Custom Built Special Purpose Industrial Solutions” under the Make In India initiative, which is being actively promoted by the Government of India (GOI) / Ministry of Defence (MoD). • 5. As the very first step, Krasny Paras Defence Pvt. Ltd. has decided to create a new business vertical which would predominantly cater to designing and developing of (a) water tight doors (b) hatches (c) accommodation ladders (d) gangways (e) bollards (f) ammunition racks (g) stanchions and (h) other deck and hull items. Towards this, the company has gone ahead and acquired the Indian Naval approved designs, drawings & dies from M/s Arvico Marine Industries Pvt. Ltd (dormant since 2015) who were IHQ / DNA approved manufacturers for all these products as also registered with your esteemed yard having Regn No: AGM(M)/KJM/MI/REGN/FABRICATION/056/2004. The approved drawings & designs also include those which were used to manufacture doors and hatches for the first Strategic Submarine Platform as well. Highly experienced and specialized manpower ex-Arvico Marine have also been inducted into the company to ensure retention of skill and maintenance of highest quality standards.

Written by the company on its public Startup India profile. Not verified by us.