Paras Petrofils

Paras Petrofils Limited was historically engaged in manufacturing Nylon and Polyester Yarn, along with trading fabrics and providing commission-based services in the textile sector. Its core philosophy is to create an environment of fairness, equity, and transparency aimed at securing long-term shareholder value while respecting stakeholder rights. After facing adverse market conditions, the company has now closed all its operations and received shareholder permission to dispose of its yarn manufacturing assets. The company has decided to strategically pivot by entering the construction business, intending to utilize its prime land holdings in Palsana, Surat. Management is actively making efforts to identify a suitable strategic partner to collaborate with for this new construction business venture. To manage its finances during this transition, the company's surplus funds have been parked in the form of loans and advances.;