Amit N Mahajan, Director, Paras Defence, says “Paras Defence is currently focussing on the domestic market because it is not just that the domestic market is the biggest market, but it also has a preferential procurement policy in favour of companies like us. So, the export market becomes a plan B. Plan A always will be serving the domestic market which is huge and the opportunities, at least for the next 10 to 15 years, are humongous.”
Amit N Mahajan: Now, when it comes to Quantico Technologies, because it will be riding on the strengths of Paras Defence's existing progress into optics, into electronics, and also into security systems, we will be able to make this as the nodal subsidiary in the coming future. Quantum communication is going to be the key technology, key segment because the communication will slowly get on to quantum communication.
This is the vastness of this particular field and you will be amongst the first few companies to venture into this in the country and not just venture with a particular wish and will but also will be backed by your current strength, your current capabilities and you will be able to map your expertise and your manufacturing capabilities to deliver the next generation technologies for the world.
Amit N Mahajan: Paras Defence is into a wide range of technologies and serving platforms from, say, a small UAV to a large submarine or aircraft carrier or for that matter fighter jets. So, we are across all platforms. Paras will directly or indirectly benefit from any indigenisation or any big or a small deal announcement that the Ministry of Defence makes, because from components to systems, we are thereWe are across all segments, all technologies.
Your current order book is in excess of Rs 600 crore. How is it that you are looking to build the order book further and what are the major orders that you already have in the pipeline?
Amit N Mahajan: I would not want to explicitly mention any of the values but the opportunities are looking very promising. The defence sector is very promising right now and this is not just for now, but for the years to stay. The order book is going to be very strong. The bifurcation between the two segments of Paras Defence's core business, that is optics and optronic systems, and defence engineering as a whole both will have a 50-50% share.
Optics and optronic systems will always lead in terms of its profitability, but defence engineering gives that mobility to the business. These are like the two sides of the same coin and they both are very-very important for our business.
Amit N Mahajan: Defence is isolated from what happens on the political front because this is directly related to national security and no Indian would want our defence forces to have something which is not in the interest of the nation. As long as you are a nationalist, be it any party, your defence requirements and defence procurement policies will be in favourable conditions to the country and hence, I would not say that defence has got anything to do with what happens whether ..
Amit N Mahajan: I do not want to put an absolute figure to the revenue as well as the profitability. But I would confirm that we are going to give a strong growth in revenue as the profitability year on year.
We usually tread in non-competitive zones and create a niche for us as well as for our customers. So, we do not have any problem when it comes to competition. Relatively, Paras with its presence of over so many years has created its own value for its customers and is considered to be one of the most reliable companies in its sector.
Amit N Mahajan: Paras Defence is currently focussing on the domestic market because it is not just that the domestic market is the biggest market, but it also has a preferential procurement policy in favour of companies like us. So, the export market becomes a plan B. Plan A always will be serving the domestic market which is huge and the opportunities, at least for the next 10 to 15 years, are humongous. So, we would want to focus on the domestic market. Obviously nobody will i ..
Source Name: Economic Times