About Reliance Naval and Engineering
Reliance Naval and Engineering is a publicly listed company based in Mumbai (India) founded in 1997, and was acquired by Swan Energy in October 2023. Shipbuilding services for the defense industry are provided. The company has 233 employees. Its Indian entity Swan Defence And Heavy Industries Limited reported revenue of ₹440 Cr. Reliance Naval and Engineering offers products and services including Shipbuilding and Ship Repairs. Its focus areas include Aerospace, Maritime and Defense and Ship Repair and Management Services.
Company details
Reliance Naval and Engineering was founded in 1997 and is based in Mumbai, India. Operations focus on the defense sector, where shipbuilding services are delivered for naval vessels and related engineering projects. Facilities support construction, repair, and maintenance activities, with an emphasis on maritime defense requirements. The company operates primarily within Indias shipyard infrastructure, contributing to national defense capabilities through specialized engineering solutions.
- Headquarters Mumbai, India
- Employees 233
- Stage Acquired
- SectorsAerospace, Defense & Maritime
- Website rnaval.co.in
- Social LinkedIn
- Acquired by Swan Energy (Oct 2023)
- Legal Name Swan Defence And Heavy Industries Limited
- Date of Incorporation 17 Oct, 1997
- Jurisdiction Rajual, Gujarat, India
- Annual Revenue₹440 Cr
FY 2026 · +3913% YoY
- Net Loss-₹226 Cr
FY 2026 · -51% margin
- EBITDA-₹310 Cr
FY 2026 · -70% margin
- Investors
- Employee Count233
- Acquired by
Associated legal entities of Reliance Naval and Engineering
Reliance Naval and Engineering is associated with 2 registered companies on The Company Check; the primary company is Swan Defence And Heavy Industries Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Swan Defence And Heavy Industries Limited Listed CIN L77306GJ1997PLC033193 | Active | 17 Oct 1997 | Rajual, Gujarat | ₹440 Cr | 54 | 13 | View details |
| Swan Defence And Heavy Industries Limited CIN L35110GJ1997PLC033193 | 17 Oct 1997 | Rajual, Gujarat, India | View details |
Products & Services of Reliance Naval and Engineering
Reliance Naval and Engineering offers a comprehensive portfolio of products and services, including Shipbuilding and Ship Repairs.
Commercial and defence vessels are constructed using advanced facilities, with capacities designed to serve global demands.
Repairs and maintenance are performed on ships and rigs, utilizing technical expertise and infrastructure to ensure operational efficiency.
Investors in Reliance Naval and Engineering
Reliance Naval and Engineering has secured backing from 1 investor. Prominent investors backing the company include Swan Corp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Gas regasification units are developed and operated by the company. | 1909 | swan.co.in | Mumbai, India |
Investor details for Reliance Naval and Engineering
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Swan Defence And Heavy Industries Limited (Reliance Naval and Engineering)
Swan Defence And Heavy Industries Limited is the primary company behind Reliance Naval and Engineering. The board of Swan Defence And Heavy Industries Limited currently have 10 directors; the longest-serving is Nikhil Vasantlal Merchant, appointed in 2023. 67 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikhil Vasantlal Merchant DIN 00614790 | Managing Director | 08 Dec 2023 | 2 yrs 11 mo | Swan Defence And Heavy Industries Limited |
| Paresh Vasantlal Merchant DIN 00660027 | Director | 08 Dec 2023 | 2 yrs 11 mo | Swan Defence And Heavy Industries Limited |
| Bhavik Nikhil Merchant DIN 06389064 | Director | 08 Dec 2023 | 2 yrs 11 mo | Swan Defence And Heavy Industries Limited |
| Vivek Paresh Merchant DIN 06389079 | Director | 08 Dec 2023 | 2 yrs 11 mo | Swan Defence And Heavy Industries Limited |
| Kaiyoze Beji Billimoria DIN 00021204 | Director | 14 Dec 2023 | 2 yrs 10 mo | Swan Defence And Heavy Industries Limited |
| Arun Sinha DIN 00280485 | Director | 14 Dec 2023 | 2 yrs 10 mo | Swan Defence And Heavy Industries Limited |
| Maya Swaminathan Sinha DIN 03056226 | Director | 14 Dec 2023 | 2 yrs 10 mo | Swan Defence And Heavy Industries Limited |
| Arvind Jayasing Morbale DIN 10366188 | Whole-time director | 14 Dec 2023 | 2 yrs 10 mo | Swan Defence And Heavy Industries Limited |
| Prabhakar Reddy Patil DIN 00377406 | Director | 16 Dec 2023 | 2 yrs 10 mo | Swan Defence And Heavy Industries Limited |
| Jayaramakrishnan Kannan DIN 06551104 | Director | 31 Mar 2026 | 7 mo | Swan Defence And Heavy Industries Limited |
People of Reliance Naval and Engineering
2 people are tracked at Reliance Naval and Engineering (1 in leadership, 1 in team); the tracked headcount is 233.
| Name | Role | Group |
|---|---|---|
Shri Debashis Bir | Whole-time Director And Chief Executive Officer | Leadership |
Tejas Ganatra | Manager | Team |
Complete people profiles for Reliance Naval and Engineering
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Reliance Naval and Engineering
Reliance Naval and Engineering is a publicly listed company on the NSE with ticker symbol SWANDEF in India, operating in the Ship Building sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Oct 2009
- Listed onNSE: RDEL
- Listed entitySwan Defence And Heavy Industries Limited
- Exchange sectorShip Building
Financials of Reliance Naval and Engineering
Figures of Swan Defence And Heavy Industries Limited, the primary company behind Reliance Naval and Engineering, for FY 2026. Revenue was ₹440 Cr (+3913% year on year). Net loss was -₹226 Cr (-51% margin). EBITDA was -₹310 Cr (-70% margin). Revenue has grown at a compounded annual rate of +347% over three years and +114% over five years.
- ₹440 CrRevenue · FY 2026 · +3913% YoY
- -₹226 CrNet loss · -51% margin
- -₹310 CrEBITDA · -70% margin
- ₹52.68 CrPaid-up capital
- 54Employees (provident fund records)
- +347%Revenue CAGR, 3 years
- +114%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Swan Defence And Heavy Industries Limited are on its company page.
Detailed financial statements for Reliance Naval and Engineering
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Reliance Naval and Engineering
3 dated milestones of Reliance Naval and Engineering across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Reliance Naval and Engineering is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Swan Energy.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Reliance Naval And Engineering
Complete news archive for Reliance Naval and Engineering
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Reliance Naval and Engineering
Reliance Naval and Engineering was founded in 1997.
Reliance Naval and Engineering is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Reliance Naval and Engineering has 233 employees.
The primary company behind Reliance Naval and Engineering, Swan Defence And Heavy Industries Limited, reported revenue of ₹440 Cr for FY 2026, up 3913% year on year.
Reliance Naval and Engineering was founded in 1997 and is based in Mumbai, India. Operations focus on the defense sector, where shipbuilding services are delivered for naval vessels and related engineering projects. Facilities support construction, repair, and maintenance activities, with an emphasis on maritime defense requirements. The company operates primarily within Indias shipyard infrastructure, contributing to national defense capabilities through specialized engineering solutions.
Reliance Naval and Engineering offers Shipbuilding and Ship Repairs.
Yes, Reliance Naval and Engineering is publicly traded on NSE under the ticker symbol SWANDEF.
Reliance Naval and Engineering has 1 investor. Key investors include Swan Corp.
Reliance Naval and Engineering operates through Swan Defence And Heavy Industries Limited.
Yes. Reliance Naval and Engineering was acquired by Swan Energy in October 2023.
The legal entities of Reliance Naval and Engineering currently have 13 directors, including Nikhil Vasantlal Merchant, Paresh Vasantlal Merchant, Bhavik Nikhil Merchant and others.