Paramount Sells Off its Pipes Subsidiary Citing Negative Growth

Paramount Communications Ltd., an Indian cable manufacturer, has signed an agreement to sell off its pipes business subsidiary to Delhi-based Marwar Portfolio Pvt. Ltd. for Rs. 2.06 crore. Thus, Valens Technologies Pvt. Ltd. (VTPL), the company in question, has ceased to be Paramount’s subsidiary as of 6th November 2025. The sale will be fully executed by 15th November 2025.

VTPL was acquired fully by Paramount Communications on 23rd August 2023, marking Paramount’s entry into the PVC pipes segment. However, over the past several quarters, this segment has been a consistent laggard. Paramount’s pipes segment generated a revenue of Rs. 52 lakh in Q1 of FY26, representing a massive YoY 94% nosedive. In fact, in FY25, this segment reported negative YoY growth during Q3 and Q4, representing consistent underperformance.

Paramount’s stock filing from 6th November 2025 states that this move is motivated by the unsatisfactory performance of its pipes vertical, and ‘uncertainty about future business prospects’.