Paramount Dye Tec Ltd Company Summary

Paramount Dye Tec Limited was initially established as Partnership Firm named Paramount Dye Tec dated January 03, 2014. The Firm thereafter converted into a Public Company and received a Certificate of Incorporation from the Central Registration Centre dated January 04, 2024.The Company is a reputed manufacturer of recycled synthetic yarn, acrylic fibre yarn, hand-knitting yarn and fancy yarn, supported by advanced technology and modern manufacturing capabilities. It offer diverse products including synthetic fiber and yarns which includes acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence.

It utilize synthetic waste fibers as primary raw material, transforming them into quality yarn. The Company operate from manufacturing facility located in Village Mangarh & Village Koom Khurd, in Punjab. Since incorporation, the Company has focused on manufacturing and trading basic fibers for products such as cushions, blankets, carpets, and mats.

It began recycling synthetic waste to make recycled fibers in 2022-23. It used these recycled fibers to manufacture yarn, the quality of which was at par with the yarns manufactured from the virgin fibers. It set up a spinning unit to use the fibers from the recycling plant.

The yarns manufactured from recycled synthetic fibers were further used in production of thermal wear, undergarments, and clothing etc.The Company came up with its initial public offer by allotting 24,30,000 equity shares of Rs 10 each and raised a fresh issue of Rs 28.43 crore on October 3, 2024.