His eldest son is being mentored by Naseeruddin Shah, said Paresh and added: "My second son is into screenplay... he is into writing."
"I never had any launching pad. I can give them advice, but if you think I will invest Rs.10 to Rs.15 crore and launch my kids, then I will not do that. Besides I don't even have that much money," he said.
"Let them struggle and find their own way," added the actor who entered filmdom in the early 1980s and found a foothold after his hair-raising performance as a ruthless smuggler in "Naam".
In his over three-decade career, he has played all kind of roles - from villainous to character to comedy.
One of his recent noteworthy performances was in "Special 26". He also impressed in "OMG - Oh My God!".
Paresh's next is "Raja Natwarlal", coming out Friday, and he said: "It's a believable film and we have worked a lot on the script. I have worked with Emraan earlier and he is an underrated actor. He is extremely hardworking."