Paragon Fine & Speciality Chemicals Limited, originally established as 'M/s. Devarshi Dyechem' in 2003, has evolved from a partnership firm to a public limited company, as of August 2022. Specializing in custom synthesis and manufacturing of chemical intermediates, Paragon serves diverse industries, including pharmaceuticals, agrochemicals, cosmetics, pigments, and dyes. The company's manufacturing facility is located in Ahmedabad, Gujarat, equipped with advanced batch reaction technology infrastructure, including a pilot plant with glass line assembly and reactors.
Paragon leverages complex chemical processes such as acetylation, amination, and catalytic hydrogenation, among others, to produce a range of specialized products. The company is poised for expansion, proposing a public offer of up to 51,66,000 equity shares through a fresh issue. This strategic move aims to support its growth trajectory and enhance its market presence, catering to both Indian and global clientele with a focus on sustained product development through innovative chemistry and technology.
