About Swan Corp Limited 

Swan Corp Limited (formerly, Swan Energy Limited) is a diversified Indian enterprise with roots dating back to February 22, 1909, when it was incorporated in Bombay as Swan Mills Limited under the erstwhile Indian Companies Act, VI of 1882. The company is listed on BSE and NSE and is headquartered at Ballard Estate, Mumbai . At the standalone level, Swan Corp operates two verticals—Textiles and Construction/Others—while, through its subsidiaries, the Group is active across energy (notably LNG infrastructure), real estate, warehousing, distribution & development, and defence shipbuilding  .

Its textile business offers integrated finishing solutions spanning more than 200 fabric types—from 100% cotton to blends like polyester-cotton, linen and viscose—supported by advanced dyeing and printing and a production capacity of 3 million metres per month . Operations include a manufacturing plant at Narol, Ahmedabad, and the registered office in Mumbai . The company serves customers across eight Indian states and two international markets; exports contributed 7.72% of turnover during the reporting period.

As on the reporting date, Swan Corp has 10 subsidiary companies. These engage in real estate, LNG port construction in Gujarat, infrastructure, textile trading, AI-based technology services, and trading of petroleum and related products. 

Swan Corp Limited Milestones 

Key milestones in the latest year include the Group’s progress towards commissioning the Swan LNG Terminal at Jafrabad, long-term regasification tie-ups, the sale of an FSRU by a subsidiary, and the revival of India’s largest private shipyard under Swan Defence and Heavy Industries Limited (SDHI).

Swan Corp Limited’s Business Segments

• Contribution to revenue by vertical (standalone): Finishing of textiles 83.55%; Construction 16.45% .
• Domestic vs international (standalone): Exports formed 7.72% of turnover (implying the balance from domestic markets).

Swan Corp Limited  Key Management

• Navinbhai C. Dave – Chairman (Non-Executive Director)
• Nikhil V. Merchant – Managing Director
• Paresh V. Merchant – Executive Director
• Sugavanam Padmanabhan – Whole-time Director
• Chetan K. Selarka – Whole-time Director & Chief Financial Officer
• Kundan Bhanawat – Chief Operating Officer
• Bhavesh Shah – Chief Investor Relations Officer
• Kavin Mirchandani – Chief Strategy Officer
• Vivek Verma – Head of Human Resource

Latest Updates on Swan Corp Limited 

• Energy: The Swan LNG Terminal at Jafrabad is nearing operational readiness with long-term regasification agreements totalling 4.5 MMTPA signed with key public sector undertakings, positioning the facility for commissioning . During the year, subsidiary Triumph Offshore Pvt. Ltd. sold the FSRU “Vasant-1” for approximately USD 399 million, aligning with evolving global LNG dynamics post the Russia–Ukraine conflict.
• Defence & Shipbuilding: Under SDHI, the Group revived India’s largest private shipyard; SDHI executed three Indian Coast Guard refit orders ahead of schedule and signed MoUs with domestic and global partners, strengthening its defence and maritime manufacturing play .
• Capital structure: The company completed a Qualified Institutions Placement in the prior year, raising approximately Rs 3,32,000 Lakhs; proceeds were used to substantially reduce debt and enhance financial flexibility for growth.
• Textiles & Markets: On a standalone basis, the company served customers across eight Indian states and two international markets; exports accounted for 7.72% of turnove