Paramount Syntex Limited was incorporated on March 8, 1996, as a private limited company with the Registrar of Companies, Mumbai. It was subsequently converted into a public company, with its name changed to Paramount Syntex Limited through a fresh Certificate of Incorporation issued on July 18, 2024.
The company is engaged in yarn manufacturing and operates in-house facilities for fiber processing, tow dyeing, hank dyeing and knitted cloth manufacturing. Its production process includes raw-material selection, waste segregation, cleaning, treatment, drying, blending, spinning, winding and quality checks. The manufacturing unit has commenced commercial production.
Paramount Syntex also produces acrylic fiber from waste fiber sourced domestically and imported from Thailand. Its product portfolio includes acrylic fiber, dyed fiber and yarn, supported by in-house dyeing, spinning, bulking and packing facilities. The company maintains a research team focused on improving product quality and meeting customer requirements, while its primary business objective is to expand manufacturing operations.
The company is planning an initial public offering through a fresh issue of 6,500,000 equity shares with a face value of ₹10 each.
