Paramount Group, the leading Food Service Equipment solutions provider in the Middle East, is embarking on a new era of growth and innovation with a Dh100 million investment and the launch of its brand-new headquarters and sales center in Sharjah, UAE. The company’s commitment to continued success is evident as it celebrates its 36th year of operation.
Since its establishment in 1988, Paramount has specialized in supplying and manufacturing high-quality commercial kitchen, bakery, supermarket, and laundry equipment. The company prides itself on sourcing from renowned global brands and offering a wide range of equipment to cater to every stage of the culinary journey.
As part of its expansion plans, Paramount is set to upgrade its facilities, with storage and manufacturing space increasing from 150,000 to 250,000 square feet. The company’s founder and owner, K V Shamsudheen, emphasizes that Paramount’s success over the past 35 years is a testament to their unwavering commitment and hard work. The changes in the Food Service Equipment industry have only reinforced their dedication to innovation and excellence.
The first phase of Paramount’s ambitious development will feature a new distribution center, manufacturing facility, and state-of-the-art sales center in Birkat Al Awamer, Qatar. This phase is scheduled to be unveiled in early 2024. Paramount is also opening new retail outlets equipped with cutting-edge demo kitchens in Kochi, Bahrain, Riyadh, and Ras Al Khaimah. These outlets, along with their existing showrooms across the UAE, Oman, Qatar, and India, as well as spare parts kiosks throughout the Middle East and Asia, will ensure that Paramount maintains its customer-centric approach.
The official inauguration ceremony for Paramount’s new headquarters and sales center took place on January 23, 2024, at Sharjah Industrial Area 12. The event was attended by K V Shamsudheen, the Owner and Managing Director of Paramount Group, along with directors, esteemed guests from the GCC region, and valued clients.
Prior to the ceremony, a press conference was held at Dubai Crowne Plaza Hotel Deira, where Paramount Group’s remarkable journey and growth were showcased. The management team shared their vision for the future, highlighting Paramount’s commitment to innovation, sustainability, and exceeding customer expectations.
The Executive Director of Paramount, Hisham Shams, explained that their vision for the next two decades involves pioneering the hospitality industry and empowering all segments to experience global culinary delights in sustainable, safe, and hygienic F&B business environments. He also emphasized the company’s focus on leveraging AI and IoT technologies to enhance efficiency and meet the evolving demands of customers.
With their new 4,500 square feet facility and a dedicated team of over 300 employees, Paramount is well-equipped to provide exceptional service to their over 100 daily B2B customers worldwide. Abdul Shukkoor, the Operations Director, highlights that their new premises further reinforce their commitment to superior service, ensuring the best rates, protected systems, and service warranties.
Paramount’s expansion plans extend beyond the Middle East, aiming to enter new territories in Africa, Far East countries, and further penetrate markets in Saudi Arabia and Bahrain. The Sales Director, Shareef, explains that these expansions demonstrate Paramount’s commitment to global reach and excellence.
The company’s financial strategies are aligned with their ambitious growth plans. With investments in India on the horizon, Vishwanathan Krishnan, the CFO of Paramount, emphasizes their commitment to expanding their footprint and establishing a strong presence in different markets.
According to Daniel T Sam, the General Manager in Qatar, Paramount’s commitment to global best practices remains unwavering as they enter new territories. Customers can expect unparalleled quality, service, and innovation from the company.
As Paramount embarks on this exciting new chapter, their focus on financial strength, strategic investments, and customer satisfaction paves the way for continued success. The company’s expansion, enhanced facilities, and dedication to innovation position Paramount as a leading player in the Food Service Equipment industry. To learn more about Paramount Group’s developments, visit their website at www.paramountme.com.
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[Reference: Paramount Group gears up for the future with Dh100 million investment and Sharjah HQ launch]
