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Paramount Communications Ltd. Company History and Annual Growth Details

Paramount Communications Ltd. (PCL) was setup in 1978 as a partnership concern under the name and style of Paramount Cable Corporation. Subsequently, the firm was recognised as a Joint Stock Company with the meaning of Section 566 of the Companies Act, 1956 vide Memorandum and Articles of Association entered on 16th June, 1994 between the partners
and was registered as a public limited company under the Part IX of the Companies Act 1956 w.e.f. September 5, 1994. Sh. Shyam Sunder Aggarwal, Sh. Sanjay Aggarwal and Sh. Sandeep Aggarwal were appointed as first directors of the Company.

2000

-Paramount bags Rs 120-cr DoT order

2001

-Issue and allot 12,00,000 shares of the company at a total price of Rs 58 per equity share at a face value Rs 10 determined in accordance with SEBI guidelines 2000.

2002

-Paramount Communications has declared an interim dividend of Rs 1.20 per share at the rate of 12%

2004

-Paramount Communications bags export order of US $ 1.5 million from Sri Lanka

2005

-Paramount Communications bags export order of US $ 1.5 million from Sri Lanka

-Paramount Communications receives orders of Rs 8.10 million from NDPL

-Paramount Communications bags Rs 55 million order from Indian Railways

-Paramount Communications receives order worth Rs 44 mn from REL

2006

-Paramount Communications secures orders worth Rs 200 mn for Power Cables

2007

-Paramount Communications acquires UK based AEI Cables

-The Company has splits its face value from Rs.10/- to Rs.2/-.

-Paramount Communications has designated E-mail ID for Investor Complaints: investors@paramountcables.com

2008

-Paramount Communications has recommended a dividend of 20%

2009

-Paramount Communications launches Housewiring Cables in Domestic Market

2013
- Paramount Communications Ltd has appointed Ram Kumar Sharma as Non-rotational Nominee/Institutional Director

2014
- Paramount Communication bags Rs 207 crore order for National Optical Fibre Project

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