Paras Petrofils Ltd
Paras Petrofils Ltd is involved in the manufacture of nylon and polyester filament yarn products. Besides, it took part in the business activities of Fabric Division. The company registered under the companies act, 1956. It listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
The company’s management team includes Harshad Jivabhai Patel, Anil Kumar Ghanshyamdas Bansal, Harikishan Chunilal Panpaliya, Usha Ashok Kumar Jain, Chetan Kumar Manubhai Sharma, and Deepak Kishorchandra Vaidya.
The inception of the took place in 1991. It started its business operations as a public limited company. Marketed by Paras group of Surat which participated in the production and marketing of synthetic fabric like sarees, dress material and texturising of yarn. The subsidiaries of the company include Paras Prints, Paras Silk Mills, and Vir Silk Mills.
Paras Petrofils Ltd announced Rs 10 Cr public issue in 1995. In order to part finance its project, located in Palsana, Surat. As a part of the project, the company manufactured partially oriented polyester filament yarn(POPFY) with a capacity of 5740 TPA. Moreover, the company entered into an MoU with Noy Val Lesina, Switzerland for the supply of plant and to provide technical services. The company commenced the commercial production of Partially Oriented Polyester Filament Yarn(POY).