Paramount Speciality Forgings Limited

About Paramount Speciality Forgings Limited

Paramount Speciality Forgings, established in 1996, stands as a prominent manufacturer of steel forgings in India, offering a broad spectrum of forged products. Over the years, the company has substantially scaled its operations and diversified its manufacturing capabilities through significant investments in advanced machinery. This development allows Paramount Speciality Forgings to produce a wide range of forged components, from as light as 1 kilogram to as heavy as 4 metric tons, available in both rough and finish-machined conditions. The company's adherence to national and international standards ensures that its products meet the rigorous demands of various industrial sectors, including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and other heavy engineering industries.

With over three decades of experience, Paramount Speciality Forgings has established itself as a trusted name in the industry, building long-standing relationships with clients across several sectors. The company’s legacy of expertise is reflected in its robust customer base, particularly in the petrochemicals, chemicals, fertilizers, oil and gas, nuclear, and power industries. Paramount’s commitment to quality and service is underpinned by its Integrated Management System (IMS), which incorporates processes for enhancing environmental performance, occupational health and safety, and continuous improvement. This comprehensive management approach ensures that the company not only meets but exceeds industry expectations.

The company operates two advanced manufacturing facilities located in Kamothe and Khalapur, Maharashtra. The Kamothe facility houses a state-of-the-art Closed Die Forging Plant, equipped with pneumatic air hammers and a Drop Forge Hammer capable of producing single-piece forgings up to 120 kilograms. Meanwhile, the Khalapur facility features a Ring Rolling Plant with an Automated 3,500T Hydraulic Blanking Press and a Radial Axial Ring Rolling Mill. This setup allows for the production of seamless rolled rings with impressive dimensions—up to 3,500 mm in diameter, 750 mm in height, and 5 metric tons in weight.

Paramount Speciality Forgings has continually modernized its production capabilities to meet evolving market demands. The company's ongoing upgrades to its Closed Die and Ring Rolling facilities have expanded its production capacities and capabilities. This modernized infrastructure enables the manufacture of a diverse array of products, including flanges, valve components, gear rings, bearing races, slew rings, turbine rings, and other customized forgings. These products are crafted from various materials such as carbon steel, alloy steel, stainless steel, duplex, super duplex, and nickel alloys, ensuring that Paramount can cater to a wide range of industrial needs.

The company’s commitment to quality is demonstrated through its adherence to rigorous standards and certifications. The plant’s rigorous quality control measures are managed by a team of experienced professionals in management and engineering, supported by a dedicated and highly motivated workforce. This dedication to excellence ensures that Paramount Speciality Forgings continues to deliver high-quality forged products, including tube sheet blanks, forged rings, spacers, girth flanges, tyre rings, self-reinforced nozzles, long weld neck flanges, and various valve components.

Paramount Speciality Forgings  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:

1. Capital expenditure through purchase of machinery and equipment required for expansion at their Khalapur Plant;
2. General Corporate purposes.