### **Overview** Paramount Communications Limited, established in 1955, is one of India’s leading and most trusted manufacturers in the wires and cables industry, operating under the brand **Paramount Cables**. With nearly **seven decades of experience**, the company has evolved into a diversified, technologically advanced enterprise serving critical infrastructure sectors across India and globally. Backed by a **debt-free balance sheet**, a strong R&D focus, and international certifications, Paramount is well-positioned for sustainable growth and global expansion. --- ### **Business Segments & Product Portfolio** The company's offerings are organized into **three core segments**: 1. **Cables** 2. **Flexible Wire Cables** 3. **Specialized Turnkey Services** #### **Key Product Categories (25+ types, 2,500+ SKUs):** - **Power Cables**: LT & HT (up to 66 kV), aerial bunch cables, control/instrumentation cables, UL-certified cables for U.S. housing and renewables. - **Railway Cables**: Signaling, power, and **axle counter cables** (first-mover in India, near-zero rejection rate with Indian Railways). - **Telecom Cables**: Optical Fiber Cables (OFC), FTTH, CATV, jelly-filled cables. - **Domestic Wires & Cables**: Fire-retardant, **lead-free house wires** (only Indian brand with **lead-free PVC**), multicore, submersible, coaxial/LAN cables; backed by a **20-year warranty**. - **Special Cables**: Fire survival cables, solar/PV cables, PTFE cables, EV charging station cables, HTLS/ACSS conductors for efficient power transmission. - **Undersea & OPGW Cables**: Capabilities in manufacturing, installation, and repair. --- ### **Market Presence & Customer Base** - **Pan-India Presence**: Over **750 institutional clients**, 200+ channel partners, and a network of **7,500+ electricians**. - **B2B and B2C Channels**: Serves government bodies (NTPC, PGCIL, RDSO, DMRC, ISRO), PSUs, private giants (L&T, Adani, Tata Power, ABB), and direct retail customers. - **E-commerce & Retail Expansion**: Strong presence on major online platforms; actively expanding B2C retail in India with higher-margin fire-retardant and lead-free home wiring solutions. --- ### **Export Leadership & International Strategy** - **Largest Exporter of Wires and Cables to the U.S.** from India. - **Export Markets**: USA (primary), UK, Spain, UAE, Jordan, Sri Lanka, Bangladesh, Nigeria, Myanmar, and 25+ countries across Europe, Africa, and Asia-Pacific. - **Export Revenue**: - ₹4,830 million in FY 2024–25 (31% of total revenue). - Up from ₹2,761 million (26.4%) the previous year. - Strategic U.S. footprint: Supplies to **all major U.S. ports**, expanded distributor network from **2 (2019–20) to 8 (2024–25)**, B2C-focused model with strong brand recall. - Plans to **replicate U.S. success in Europe and Australia**, focusing on localization, quality, and region-specific certifications. --- ### **Manufacturing & Capacity Expansion** - **Current Facilities**: - Khushkhera, Rajasthan - Dharuhera, Haryana - Two advanced plants certified under **ISO 9001, ISO 14001, ISO 45001, BIS, UL (USA), LPCB (UK)**. - **Greenfield Expansion**: - **31-acre land allotted** in **Narmadapuram, Madhya Pradesh** (via MPIDC) for a new **DC and AC cables** manufacturing plant. - **First commercial production expected by FY26**, full capacity by **end of FY28**. - Projected to generate **₹500–600 crores in revenue by FY27**, with **doubled production and revenue capability** by FY28. - **Capacity Utilization**: Operating at **~100%** across existing facilities for over 8 quarters. - **Capacity Investment**: CAPEX of ₹70 crore in current year; ₹510–525 crore invested in FY23–24, raising annual output to ~33,000 MT. --- ### **Financial Highlights (FY 2024–25)** - **Total Revenue Growth**: 34% YoY. - **Domestic Wires Revenue**: ₹858 million (up from ₹651 million in FY23–24). - **Order Book (as of Mar 2025)**: - **Total: ₹6,507 million** - Power Cables: ₹2,810 million - Exports: ₹3,232 million - **Strong Financial Health**: - **Debt-free** (cleared ARC dues in Aug 2024). - Raised **₹1,355 million in equity** in 2024. - **ICRA upgraded credit rating** from BBB- to **BBB (Stable)** on ₹150 crore facilities. - **EBITDA Guidance**: Medium-term stabilization expected in **9–10% range**. - **Revenue Target**: **> ₹5,000 crores by FY2030**, targeting **30% CAGR** over next 5 years. --- ### **Innovation & R&D** - Dedicated in-house R&D team driving continuous innovation. - **Industry Firsts**: - First Indian manufacturer of **undersea cable laying & repair technology**. - Introduced **non-toxic lead-free house wires**. - First supplier of **axle counter railway cables** to Indian Railways. - Only Indian brand **LPCB-certified for fire survival cables** (highest global standard). - Focus on **sustainability**, safety, and compliance with **IEC, ASTM, BS, UL**, and other global standards. --- ### **Digital Transformation** - **Paramount Parivar App**: - Proprietary digital platform connecting **retailers, electricians, consumers, and distributors**. - Features: - Product scanning for **digitally verified 20-year warranty**. - Loyalty rewards via points system. - Improved demand forecasting and supply chain efficiency. - Integrated **SAP ERP** with advanced servers for streamlined operations, cybersecurity, and data intelligence. --- ### **Turnkey Services (EPC Projects)** - Offers **engineering-led solutions** to integrate cable products into large infrastructure projects. - Services include: - OPGW and **submarine cable installation & repair** (e.g., Bharat Lanka, CANI projects). - Telecom consultancy. - Power and railway EPC projects. - Enhances revenue stickiness and client lock-in; synergistic with core product offerings. --- ### **Strategic Initiatives** 1. **Geographic Expansion**: Deepen U.S. presence; replicate model in Europe, Australia, Africa. 2. **Retail Focus**: Grow B2C business via fire-retardant and lead-free house wires; **~60% of revenue from B2C by FY23**. 3. **Subsidiary Integration**: - **Valens Technologies Pvt. Ltd.** (acquired for ₹19.79 million): Enhances EPC services with **HDPE piping** for telecom and cable installation. 4. **Global Manufacturing Advantage**: Leveraging **Atmanirbhar Bharat**, quality credentials, and global decoupling from China. 5. **Government Mega Projects**: Beneficiary of **BharatNet, 5G rollouts, rural electrification, metro rail expansion, and renewable energy initiatives**. --- ### **Risk Mitigation & Resilience** - Diversified product and market portfolio to reduce sector concentration risk. - Long-term raw material contracts to counter **Russia-Ukraine supply chain disruptions**. - Flexible order booking: limits **firm-price orders to 3–3.5 months** to manage pricing volatility.