Since its inception in 1972, Paramount has been weaving success in the textile industry. Established officially in 2013, the company, under the leadership of Mr. Sahil Multani, the current Managing Director, has evolved into a brand synonymous with innovation, quality, and customer satisfaction. Paramount’s journey from Shuttle Looms to Electronic Jacquard Looms reflects its commitment to adaptability, technological advancement, and a vision that extends beyond borders.
Mr. Multani, inspired by his experiences in the Middle East, envisioned transforming the textile business into a formidable brand. The “Paramount” movement commenced, marked by a strategic shift from Shuttle Looms to Rapier Looms and eventually conquering Electronic Jacquard Looms through reverse engineering. Paramount’s success is deeply rooted in its ability to seamlessly integrate production, inventory, and sales, bolstered by a structured work culture and a dynamic young workforce.
Even in the face of global challenges in 2023, Paramount thrived, experiencing a surge in orders. The company’s resilience and success during economic uncertainties can be attributed to a steadfast commitment to quality products and a relentless focus on innovation.
2024 and Beyond:
As Paramount gears up for 2024, it plans to introduce Air jet weaving looms and Water Jet weaving machines to complement its flagship products. The company’s emphasis on technological solutions that enhance quality, speed, and data generation positions it as a frontrunner in the ever-evolving textile industry. Paramount’s ambitious targets for 2024 include selling 1200 Air Jet looms, 1500 Water Jet looms, 12,000 Rapier Looms, and 4000 Electronic Jacquard Machines, targeting a turnover of 400 to 450 CRs INR.
With a keen eye on India’s economic growth, Paramount is strategically positioned to tap into developing and underdeveloped markets, presenting innovations and expanding its global footprint. The company envisions substantial growth in the textile sector and aims to be a catalyst for progress in regions influenced by Chinese preferences.
Technology Advantage
Paramount stands out in a competitive landscape with its commitment to “Quality & Speed,” leveraging cutting-edge technologies like AI and IOT. The digitization of all machines, emphasizing data analytics for performance enhancement and future innovations, underscores Paramount’s forward-looking strategy. The imminent launch of Air jet looms and Water Jet looms heralds a new phase for Paramount, where customer satisfaction and return on investment take center stage.
Paramount’s journey in the dynamic textile industry is marked by innovation, resilience, and a relentless pursuit of customer-centric solutions. As the company charts its course into the future, its commitment to quality, technological advancement, and global expansion sets the stage for continued success. Paramount is not just a manufacturer; it’s a key player shaping the textile landscape with a vision that goes beyond boundaries.
