PARAMOUNT SPECIALI FORG L Share price

Our Company Paramount Speciality Forgings Limited was originally established as a partnership firm in the name and style of ‘Paramount Forge’ under the Partnership Act 1932 with the Registrar of Firms Mumbai on 01st November 1994 as amended through partnership deed dated 07 July 1995 and 01st April 2000. Subsequently our firm was converted from a Partnership Firm to a Limited Liability Partnership (LLP) and consequently the name of our firm was changed to ‘Paramount Speciality Forgings LLP’ and a fresh certificate of incorporation dated 27th June 2019 was issued to our LLP by the RoC. The constitution of our LLP was further changed from a LLP to a Public Limited Company and consequently the name of our LLP was changed to ‘Paramount Speciality Forgings Limited’ and a fresh certificate of incorporation dated 5th May 2023 was issued to our Company by the RoC.Major Events and Milestones:1994Formation of Partnership Firm with the intent to enter into the manufacturing of forged flanges & fittings. Obtained registrations from the Oil & Gas companies and directly cater to the requirements of the End users.1996Establishment of Closed Die Manufacturing Plant at Kamothe2005All machining and drilling activities required to provide final dimensions for the product were completed using manual Lathe & Drill equipment. As a result productivity and accuracy in fulfilling completed product dimensions may be low resulting in delays and unnecessary losses. In view of improving these a variety of CNC and VMC machines were purchased and installed in a new facility to improve product quality output and accuracy in the finished product.2010Set up of Ultra-Modern Ring Rolling plant in Khalapur2014In the initial phase as the plant was newly set up the processes of machining & drilling was outsourced to various vendors which increased the costs and lead times. Hence an integrated machine shop was set up to counter the productivity lead times and dependency.2019Conversion of Partnership Firm into LLP2020Set up of Fully Automated Heat Treatment Plant.To achieve necessary Mechanical & metallographic properties it was decided to set up a Heat Treatment plant that is equipped with automated facility having a sophisticated advanced systems that use both water and polymer quenching for flexibility and allowing all kind of heat treatments such as Normalizing Quenching & Tempering Hardening Solution Annealing Annealing Stressrelieving and Spherodize Annealing processes which give the forgings the required mechanical and microstructural features.2020A 4 meter Vertical Lathe 2.2 M Vertical machining centre & Multi Axis Machining machines were sourced and set up to boost productivity efficiency and produce accurate jobs at the plant as a part of continual Technological upgradation.2023Incorporation of Paramount Speciality Forgings Limited