diff --git a/README.md b/README.md
index a71bb0a19..d938e6d41 100644
--- a/README.md
+++ b/README.md
@@ -338,7 +338,7 @@ cdxgen can retain the dependency tree under the `dependencies` attribute for a s
 - Gradle
 - Scala SBT
 - Python (requirements.txt, setup.py, pyproject.toml, poetry.lock)
-- csharp (projects.assets.json)
+- .NET (project.assets.json, paket.lock)
 - Go (go.mod)
 
 ## Environment variables
diff --git a/index.js b/index.js
index 894944bd1..167400f21 100644
--- a/index.js
+++ b/index.js
@@ -4144,10 +4144,15 @@ export const createCsharpBom = async (
         console.log(`Parsing ${f}`);
       }
       pkgData = readFileSync(f, { encoding: "utf-8" });
-      const dlist = await parsePaketLockData(pkgData);
+      const results = await parsePaketLockData(pkgData);
+      const dlist = results.pkgList;
+      const deps = results.dependenciesList;
       if (dlist && dlist.length) {
         pkgList = pkgList.concat(dlist);
       }
+      if (deps && deps.length) {
+        dependencies = dependencies.concat(deps);
+      }
     }
   }
   if (!parentComponent) {
diff --git a/utils.js b/utils.js
index 77b880738..b5ac06b18 100644
--- a/utils.js
+++ b/utils.js
@@ -4889,24 +4889,90 @@ export const parseCsPkgLockData = async function (csLockData) {
 
 export const parsePaketLockData = async function (paketLockData) {
   const pkgList = [];
+  const dependenciesList = [];
+  const dependenciesMap = {};
+  const pkgNameVersionMap = {};
+  let group = null;
   let pkg = null;
   if (!paketLockData) {
-    return pkgList;
+    return { pkgList, dependenciesList };
   }
-  const pkgRegex = /\s+([a-zA-Z0-9-.]+) \(((?=.*?\.)[a-zA-Z0-9-.]+)\)/g;
-  for (const [, name, version] of paketLockData.matchAll(pkgRegex)) {
-    const purl = decodeURIComponent(
-      new PackageURL("nuget", "", name, version, null, null).toString()
-    );
-    pkg = {
-      group: "",
-      name: name,
-      version: version,
-      purl: purl
-    };
-    pkgList.push(pkg);
+
+  const packages = paketLockData.split("\n");
+  const groupRegex = /^GROUP\s(\S*)$/;
+  const pkgRegex = /^\s{4}([\w.-]+) \(((?=.*?\.)[\w.-]+)\)/;
+  const depRegex = /^\s{6}([\w.-]+) \([><= \w.-]+\)/;
+
+  // Gather all packages
+  packages.forEach((l) => {
+    let match = l.match(groupRegex);
+    if (match) {
+      group = match[1];
+      return;
+    }
+
+    match = l.match(pkgRegex);
+    if (match) {
+      const name = match[1];
+      const version = match[2];
+      const purl = decodeURIComponent(
+        new PackageURL("nuget", "", name, version, null, null).toString()
+      );
+      pkg = {
+        group: "",
+        name: name,
+        version: version,
+        purl: purl
+      };
+      pkgList.push(pkg);
+      dependenciesMap[purl] = new Set();
+      pkgNameVersionMap[name + group] = version;
+    }
+  });
+
+  let purl = null;
+  group = null;
+
+  // Construct the dependency tree
+  packages.forEach((l) => {
+    let match = l.match(groupRegex);
+    if (match) {
+      group = match[1];
+      return;
+    }
+
+    match = l.match(pkgRegex);
+    if (match) {
+      const pkgName = match[1];
+      const pkgVersion = match[2];
+      purl = decodeURIComponent(
+        new PackageURL("nuget", "", pkgName, pkgVersion, null, null).toString()
+      );
+      return;
+    }
+
+    match = l.match(depRegex);
+    if (match) {
+      const depName = match[1];
+      const depVersion = pkgNameVersionMap[depName + group];
+      const dpurl = decodeURIComponent(
+        new PackageURL("nuget", "", depName, depVersion, null, null).toString()
+      );
+      dependenciesMap[purl].add(dpurl);
+    }
+  });
+
+  for (const ref in dependenciesMap) {
+    dependenciesList.push({
+      ref: ref,
+      dependsOn: Array.from(dependenciesMap[ref])
+    });
   }
-  return pkgList;
+
+  return {
+    pkgList,
+    dependenciesList
+  };
 };
 
 /**
diff --git a/utils.test.js b/utils.test.js
index 4289728ae..ceb44f67f 100644
--- a/utils.test.js
+++ b/utils.test.js
@@ -1299,17 +1299,28 @@ test("parse packages.lock.json", async () => {
 });
 
 test("parse paket.lock", async () => {
-  expect(await parsePaketLockData(null)).toEqual([]);
+  expect(await parsePaketLockData(null)).toEqual({
+    pkgList: [],
+    dependenciesList: []
+  });
   const dep_list = await parsePaketLockData(
     readFileSync("./test/data/paket.lock", { encoding: "utf-8" })
   );
-  expect(dep_list.length).toEqual(13);
-  expect(dep_list[0]).toEqual({
+  expect(dep_list.pkgList.length).toEqual(13);
+  expect(dep_list.pkgList[0]).toEqual({
     group: "",
     name: "0x53A.ReferenceAssemblies.Paket",
     version: "0.2",
     purl: "pkg:nuget/0x53A.ReferenceAssemblies.Paket@0.2"
   });
+  expect(dep_list.dependenciesList.length).toEqual(13);
+  expect(dep_list.dependenciesList[2]).toEqual({
+    ref: "pkg:nuget/FSharp.Compiler.Service@17.0.1",
+    dependsOn: [
+      "pkg:nuget/System.Collections.Immutable@1.4",
+      "pkg:nuget/System.Reflection.Metadata@1.5"
+    ]
+  });
 });
 
 test("parse .net cs proj", async () => {