While some products like Shilpa Sticker Kumkum and Shilpa Liquid Kumkum are manufactured in-house, others are sourced as finished goods. Additionally, the company has a wholly-owned subsidiary, Premier Cosmetics.
In April 1995, the company's rights issue, priced at a premium of Rs 90, did not achieve the minimum subscription of 90%. The purpose of this rights issue was to bolster the company's working capital to support the launch of new products.
In the fiscal year 2014-15, Paramount Cosmetics (India) Ltd initiated the Pristine Greenfield Project, marking its expansion into new production capabilities.