Paramount Dye Tec Limited was initially established as Partnership Firm under the Partnership Act, 1932 (Partnership Act) in the name and style of ‘Paramount Dye Tec’ pursuant to Deed of Partnership dated January 03, 2014, effective from January 01, 2014. Paramount Dye Tec was thereafter converted from Partnership Firm to a Public Limited Company under Part I chapter XXI of the Companies Act, 2013 with the name and style of ‘Paramount Dye Tec Limited’ and received a Certificate of Incorporation from the Registrar of Companies, Central Registration Centre dated January 04, 2024.
Paramount Dye Tec is a Ludhiana, Punjab-based company, specializing in the manufacturing of yarns by recycling waste synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fiber and yarns which includes acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. It utilizes synthetic waste fibers as its primary raw material, transforming them into quality yarn. This process not only enhances industry sustainability but also boosts economic efficiency. Its commitment to environmental responsibility and economic benefits is evident through its innovative approach. Through continuous R&D, it has developed advanced technology to recycle pre-consumer waste into premium yarn and fiber. This capability allows it to meet the growing demand for sustainable and circular fashion, solidifying its market presence.
The company operates from its manufacturing facility located in Village Mangarh & Village Koom Khurd, Punjab. This facility is equipped with advanced processing capabilities and staffed with industry experts. It prioritizes quality assurance through rigorous testing of both raw materials and finished goods, ensuring adherence to the highest standards. As an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization, it adheres to a robust Quality Management System. Its dedication lies in providing work of such quality that aligns with project standards and specifications for materials, workmanship, schedules, and public service.
Business area of the company
Paramount Dye Tec is a waste recycling fiber & yarn manufacturing Company catering to B2B segment of the Textile industry. It offers a diverse range of products including synthetic fiber and yarns which includes acrylic yarn, polyester yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. It is an ISO 9001:2015 and Good Manufacturing Practice (GMP) certified organization
Products of the company
- Syntentic fibers
- Yarns
- Nylon yarns
History and milestones
- 2014: Inception of Partnership Firm in the name and style of ‘Paramount Dye Tec’
- 2023: Achieved Turnover of more than Rs 45 crore.
- 2023: Certificate of Quality Management System ISO 9001:2015 issued by Assurance Quality Certification LLC.
- 2023: Certificate of compliance with good manufacturing practices issued by Assurance Quality Certification LLC.
- 2024: Conversion of Partnership Firm to Public Limited Company.
- 2024: Obtain Factory License in the name of Company.
- 2024: Rewarded the shareholders of the company by issuing Bonus Shares.