Paramount Syntex Ltd Company Summary

Paramount Syntex Limited was originally incorporated on March 08, 1996 as a Private Limited Company with the Registrar of Companies, Mumbai. Subsequently, Company was converted from a Private Company to Public Company and the name of Company was changed to Paramount Syntex Limited via Fresh Certificate of Incorporation issued on July 18, 2024 by the Registrar of Companies, Mumbai.Company is engaged in production of Yarn manufacturing and has in house facility for Fiber Processing, Tow Dyeing Processes, Hank Dyeing Process & Knitted Cloth Manufacturing. The Unit is commenced under Commercial Production.

The Companys follow a systematic method that includes raw material selection, segregation of waste, cleaning, adding resistance, drying, blending, spinning, winding, and quality checking. In addition to yarn production, Company has facilities to produce acrylic fiber from waste fiber. The waste fiber is procured from domestically and imported from Thailand.

The companys operations include production of acrylic fiber, dyed fiber, and yarn, supported by its in-house dyeing unit, spinning, bulking, and packing facilities. The company has its own research team to improve the quality of products and meet the requirements of customers. Their primary focus is on expanding the manufacturing operations.Company is planning the Initial Public Offer of 65,00,000 equity shares of Rs 10 each through Fresh Issue.