About Swaraj Engines Limited (SEL)

Swaraj Engines Limited (SEL) is a public limited company incorporated and domiciled in India, with its works/principal place of business at Plot No. 2, Phase-IX, Industrial Area, S.A.S. Nagar (Mohali), Punjab, and its registered office at Phase-IV, Industrial Area, S.A.S. Nagar (Mohali), Punjab. The Company’s shares are listed on BSE Limited and the National Stock Exchange of India Limited . SEL manufactures diesel engines and hi-tech engine components, with its diesel engines specifically designed for tractor application . SEL primarily manufactures diesel engines for fitment into Swaraj tractors made by Mahindra & Mahindra Ltd. (M&M), supplying engines in the 20 HP to 65 HP range; since commercial operations began in 1989-90, SEL has supplied 1.76 million engines for Swaraj tractors.

The Company operates in India, anchored at Mohali, Punjab, and supplies engines for the Swaraj tractor brand of M&M. SEL does not have any subsidiary or joint venture company.

Swaraj Engines Limited (SEL) Milestone 

Key milestones include the Company completing a capacity enhancement during FY25 to increase annual capacity to 1,95,000 engines, and deciding to further enhance to 2,40,000 engines per annum to meet expected customer demand. FY25 marked SEL’s fifth successive year of growth in engine sales volume and profit over the respective prior years, reflecting continued operational momentum.

Swaraj Engines Limited (SEL) Key Management

• Rajesh Jejurikar – Chairman
• Devjit Sarkar – Whole Time Director & Chief Executive Officer
• Mahesh Gupta – Chief Financial Officer
• Rajesh K. Kapila – Company Secretary
• Ms. Geeta Kharat – Compliance Officer

Latest Updates on Swaraj Engines Limited (SEL)

• Operational performance: SEL recorded its highest-ever yearly engine sales of 1,68,820 units in FY25, up 21.7% from the previous year, marking the fifth successive year of growth in both engine sales volume and profit.
• Capacity expansion: To support demand from the Swaraj Division of M&M, SEL completed an enhancement to 1,95,000 engines per annum during FY25 and has decided to increase capacity further to 2,40,000 engines per annum.
• Market context: The Indian tractor industry grew by 7.3% in FY25 and closed at around 9,39,700 units, underpinning SEL’s strong engine sales performance during the year.
• Governance and controls: Independent auditors issued an unmodified opinion on the adequacy and operating effectiveness of SEL’s internal financial controls with reference to the financial statements, as of March 31, 2025.
• Ownership: Mahindra & Mahindra Limited is SEL’s holding company and held 52.12% of SEL’s paid-up equity share capital as on March 31, 2025.