Now operating as Parin Enterprises Limited, the company (earlier Parin Furniture Limited) has been awarded a major civil aviation contract through the Airports Authority of India. The deal, worth Rs 54.23 lakh (Fifty Four Lacs Twenty Three Thousand Rupees), involves supplying airport furnishings for Gannavaram Airport located in Andhra Pradesh. This order further strengthens Parin Enterprises’ role in furnishing public infrastructure projects across India.
The company had previously won a separate Ministry of Civil Aviation order to outfit Ayodhya Airport in Uttar Pradesh with furniture. That contract was valued at Rs 22.22 lakh (Twenty-Two Lacs Twenty-Two Thousand Rupees). Has Parin Enterprises become the go-to supplier for airport infrastructure needs?
About Parin Enterprises Limited
Quick takeaway: Parin Enterprises is expanding its footprint in government infrastructure projects.
Why it matters: Government contracts provide steady business and sector credibility.
Trend pattern: Increasing public infrastructure spending supports vendor growth.
With its roots dating back to 1983, Parin Furniture Ltd stands as one of India’s leading producers and suppliers of furniture. Their extensive range covers furniture solutions for hospitals, educational institutions, corporate offices, public areas, and residential spaces. Products range widely from hospital beds and school desks to office seating, living room furniture, and dining collections. Additionally, they have expertise in creating tailored furniture products for original equipment manufacturers (OEMs) and specific project requirements.
Also Read: “4,350% Returns in 5 Years: Board Expected to Announce Another Stock Split This Year!”
Strong Presence and Expansion Plans
Parin Furniture’s operations stretch over 18 states across the nation, supported by a robust setup including a 200,000 square feet showroom, a 125,000 square feet storage facility, and a vast network that includes in excess of 900 partners, dealers, and distributors. In terms of growth, the company aims to launch 100 brand outlets throughout India by 2025, which will further cement its authority in the highly competitive Indian furniture sector.
The company’s stock price is reflecting positive momentum, having surged by 58.4% from its 52-week low of Rs 234.85 per share. What factors might drive the company’s stock to continue this upward trend?
Disclaimer: The content on this page is for informational and educational purposes only and should not be construed as financial, investment, tax, or legal advice. Financial markets can swing sharply, and historical returns offer no assurance of future performance. Always conduct your own research and consult a licensed financial advisor or professional to address your unique financial situation.
All investment and trading decisions are made at your own risk—the author and publisher accept no liability for any losses or damages resulting from the use of this information.