About Swan Defence And Heavy Industries Limited
Data last updated: 15 July 2026
Swan Defence And Heavy Industries Limited is a public limited company based in Rajual, Gujarat, India. It specialises in shipbuilding and repair services, a part of the broader transport and logistics sector. Incorporated on 17 October 1997, the company has been in operation for over 29 years.
Registered with ROC Ahmedabad under CIN L35110GJ1997PLC033193. Listed on BSE: 533107 and NSE: RNAVAL.
Capital: an authorised share capital of ₹15,000 Cr and a paid-up capital of ₹52.68 Cr. Formerly known as Reliance Defence and Engineering Limited and Pipavav Defence and Offshore Engineering Company Limited. It is led by directors including Nikhil Vasantlal Merchant and Paresh Vasantlal Merchant.
Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: Pipavav Shipyard Limited Pipavav Port Post Ucchaya Via Rajula, Rajual, Gujarat, India – 365560.
The net worth stands at ₹476.65 Cr. Total assets are valued at ₹2,743.42 Cr.
The company has a workforce of approximately 54 employees as per the latest available data. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand - Reliance Naval And Engineering. As per MCA filings, the company has open charges of ₹16,176 Cr and satisfied charges of ₹4,716.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rnaval.co.in.
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Registered AddressPipavav Shipyard Limited Pipavav Port Post Ucchaya Via Rajula, Rajual, Gujarat, India – 365560
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IndustryTransport and Logistics, Shipbuilding & Repair Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited has undergone 9 name changes throughout its history. The current legal name is Swan Defence And Heavy Industries Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Swan Defence And Heavy Industries Limited | Current |
| Reliance Defence And Engineering Limited | Previous |
| Pipavav Defence And Offshore Engineering Company Limited | Previous |
| Pipavav Shipyard Limited | Previous |
| Pipavav Ship Dismantling And Engineering Limited | Previous |
| Nel Limited | Previous |
| Nel Engineering Limited | Previous |
| Nel Shipyard Limited | Previous |
| Reliance Naval & Engineering Limited | Previous |
CIN History of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited has one previous CIN (Corporate Identification Number): U35110GJ1997PLC033193. The current CIN is L35110GJ1997PLC033193, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L35110GJ1997PLC033193 | Current |
| U35110GJ1997PLC033193 | Previous |
Associated Brands with Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited operates one associated brand: Reliance Naval and Engineering. These brands represent Swan Defence And Heavy Industries Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Shipbuilding services for the defense industry are provided. | rnaval.co.in |
Business Activity of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details for Swan Defence And Heavy Industries Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited is audited by Pathak H.D. & Associates for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Pathak H.D. & Associates | Locked | Locked | Locked |
Complete auditor history for Swan Defence And Heavy Industries Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited is currently managed by 10 directors, with 64 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Swan Defence And Heavy Industries Limited FY 2024 filings available
Swan Defence And Heavy Industries Limited reported revenue of ₹- for FY 2024.
| Metrics | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹6.32 Cr | ₹6.3 Cr | ₹75.49 Cr |
| Other Income | ₹2.46 Cr | ₹11.07 Cr | ₹24.28 Cr | ₹23.72 Cr |
| Total Income | ₹2.46 Cr | ₹17.39 Cr | ₹30.58 Cr | ₹99.21 Cr |
| Cost of Materials Consumed | ₹27 Lakh | ₹1.1 Cr | ₹1,586.41 Cr | ₹32.52 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹5.16 Cr |
| Changes in Inventories | ₹0 | ₹0 | -₹1,588.46 Cr | -₹13.04 Cr |
| Employee Benefit Expense | ₹4.72 Cr | ₹4.8 Cr | ₹7.69 Cr | ₹20.54 Cr |
| Finance Costs | ₹26.39 Cr | ₹1,998.57 Cr | ₹2,031.81 Cr | ₹1,468.87 Cr |
| Depreciation & Amortisation | ₹68.46 Cr | ₹73.96 Cr | ₹73.78 Cr | ₹71.95 Cr |
| Other Expenses | ₹23.98 Cr | ₹27.03 Cr | ₹24.35 Cr | ₹208.01 Cr |
| Total Expenses | ₹123.82 Cr | ₹2,105.45 Cr | ₹2,135.57 Cr | ₹1,794.01 Cr |
| Profit Before Exceptional Items & Tax | -₹121.36 Cr | -₹2,088.06 Cr | -₹2,104.99 Cr | -₹1,694.8 Cr |
| Exceptional Items | ₹0 | ₹1.66 Cr | -₹1,322.08 Cr | -₹66.08 Cr |
| Profit Before Tax | -₹121.36 Cr | -₹2,086.4 Cr | -₹3,427.08 Cr | -₹1,760.88 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹120.59 Cr | -₹2,085.96 Cr | -₹3,426.93 Cr | -₹1,760.74 Cr |
| attributable to Owners | ₹2.68 Cr | ₹0 | - | - |
| attributable to NCI | ₹10 Lakh | ₹0 | - | - |
| Other Comprehensive Income | ₹0 | ₹0 | ₹80.66 Lakh | ₹7 Lakh |
| Total Comprehensive Income | -₹120.59 Cr | -₹2,085.96 Cr | -₹3,426.12 Cr | -₹1,760.67 Cr |
| EBITDA (computed) | -₹26.51 Cr | -₹15.53 Cr | ₹59.89 Lakh | -₹153.98 Cr |
| Basic EPS | ₹-449.59 | ₹-28.28 | ₹-46.45 | ₹0.00 |
| Diluted EPS | ₹-449.59 | ₹-28.28 | ₹-46.45 | ₹0.00 |
| Metrics | FY 2024 | FY 2022 | FY 2021 |
|---|---|---|---|
| Total Assets | ₹2,743.42 Cr | ₹3,742.83 Cr | ₹3,807.03 Cr |
| Non-current Assets | ₹1,309.56 Cr | ₹1,449.11 Cr | ₹1,522.62 Cr |
| Current Assets | ₹1,433.86 Cr | ₹2,293.72 Cr | ₹2,284.41 Cr |
| Property, Plant & Equipment | ₹1,107.57 Cr | ₹1,255.04 Cr | ₹1,318.63 Cr |
| Inventories | ₹1,405.4 Cr | ₹2,086.32 Cr | ₹2,088.89 Cr |
| Trade Receivables | ₹0 | ₹81.09 Lakh | ₹2.58 Cr |
| Cash & Equivalents | ₹18.21 Cr | ₹27.82 Cr | ₹16.78 Cr |
| Equity (Net Worth) | ₹476.65 Cr | -₹17,390 Cr | -₹15,304 Cr |
| Equity Share Capital | ₹52.68 Cr | ₹737.59 Cr | ₹737.59 Cr |
| Borrowings (Non-current) | ₹1,625.74 Cr | ₹13.43 Cr | ₹12.33 Cr |
| Borrowings (Current) | ₹508 Cr | ₹2,872.84 Cr | ₹2,872.84 Cr |
| Total Debt (computed) | ₹2,133.74 Cr | ₹2,886.27 Cr | ₹2,885.18 Cr |
| Current Liabilities | ₹567.4 Cr | ₹21,044 Cr | ₹19,006 Cr |
| Total Liabilities | ₹2,266.77 Cr | ₹21,133 Cr | ₹19,111 Cr |
| Metrics | FY 2024 | FY 2022 | FY 2021 |
|---|---|---|---|
| Operating Cash Flow | -₹70.15 Cr | ₹2,007.26 Cr | ₹708.75 Cr |
| Investing Cash Flow | -₹10.87 Cr | ₹2.35 Cr | -₹1.33 Cr |
| Financing Cash Flow | ₹91.13 Cr | -₹1,998.57 Cr | -₹706.15 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹70.15 Cr | ₹2,007.26 Cr | ₹708.75 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹10.11 Cr | ₹11.04 Cr | ₹1.27 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹3.16 Cr | ₹6.32 Cr | ₹75.49 Cr |
| Other Income | ₹2.46 Cr | ₹4.6 Cr | ₹11.07 Cr | ₹23.71 Cr |
| Total Income | ₹2.46 Cr | ₹7.76 Cr | ₹17.39 Cr | ₹99.2 Cr |
| Cost of Materials Consumed | ₹27 Lakh | ₹26 Lakh | ₹1.1 Cr | ₹32.52 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹5.16 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | -₹13.04 Cr |
| Employee Benefit Expense | ₹4.72 Cr | ₹3.26 Cr | ₹4.8 Cr | ₹20.54 Cr |
| Finance Costs | ₹26.39 Cr | ₹1,513.5 Cr | ₹1,998.57 Cr | ₹1,328.01 Cr |
| Depreciation & Amortisation | ₹68.46 Cr | ₹68.25 Cr | ₹73.96 Cr | ₹74.61 Cr |
| Other Expenses | ₹23.98 Cr | ₹50.36 Cr | ₹27.03 Cr | ₹206.65 Cr |
| Total Expenses | ₹123.82 Cr | ₹1,635.63 Cr | ₹2,105.46 Cr | ₹1,654.45 Cr |
| Profit Before Exceptional Items & Tax | -₹121.36 Cr | -₹1,627.87 Cr | -₹2,088.07 Cr | -₹1,555.25 Cr |
| Exceptional Items | ₹0 | -₹10 Lakh | ₹1.66 Cr | -₹66.08 Cr |
| Profit Before Tax | -₹121.36 Cr | -₹1,627.97 Cr | -₹2,086.41 Cr | -₹1,621.33 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹121.36 Cr | -₹1,627.97 Cr | -₹2,086.41 Cr | -₹1,621.33 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹7 Lakh |
| Total Comprehensive Income | -₹121.36 Cr | -₹1,627.97 Cr | -₹2,086.41 Cr | -₹1,621.26 Cr |
| EBITDA (computed) | -₹26.51 Cr | -₹46.12 Cr | -₹15.54 Cr | -₹152.63 Cr |
| Basic EPS | ₹-452.46 | ₹-22.07 | ₹-28.29 | ₹0.00 |
| Diluted EPS | ₹-452.46 | ₹-22.07 | ₹-28.29 | ₹0.00 |
| Metrics | FY 2024 | FY 2023 |
|---|---|---|
| Total Assets | ₹2,740.14 Cr | ₹3,617.9 Cr |
| Non-current Assets | ₹1,306.28 Cr | ₹1,348.95 Cr |
| Current Assets | ₹1,433.86 Cr | ₹2,268.94 Cr |
| Property, Plant & Equipment | ₹1,107.57 Cr | ₹1,167.55 Cr |
| Inventories | ₹1,405.4 Cr | ₹2,085.77 Cr |
| Trade Receivables | ₹0 | ₹0 |
| Cash & Equivalents | ₹18.21 Cr | ₹7.98 Cr |
| Equity (Net Worth) | ₹473.37 Cr | -₹19,020 Cr |
| Equity Share Capital | ₹52.68 Cr | ₹737.59 Cr |
| Borrowings (Non-current) | ₹1,625.74 Cr | ₹14.28 Cr |
| Borrowings (Current) | ₹508 Cr | ₹2,882.84 Cr |
| Total Debt (computed) | ₹2,133.74 Cr | ₹2,897.12 Cr |
| Current Liabilities | ₹567.4 Cr | ₹22,545 Cr |
| Total Liabilities | ₹2,266.77 Cr | ₹22,638 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | -₹70.15 Cr | ₹1,481.98 Cr | ₹2,007.25 Cr |
| Investing Cash Flow | -₹10.87 Cr | ₹11.68 Cr | ₹2.35 Cr |
| Financing Cash Flow | ₹91.13 Cr | -₹1,513.5 Cr | -₹1,998.58 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | -₹70.15 Cr | ₹1,481.98 Cr | ₹2,007.25 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹10.11 Cr | -₹19.84 Cr | ₹11.02 Cr |
Ownership and Shareholding of Swan Defence And Heavy Industries Limited
Shareholding and ownership data for Swan Defence And Heavy Industries Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Group Structure of Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The corporate group structure reflects Swan Defence And Heavy Industries Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Reds Marine Services Limited | U29219GJ2012PLC070565 | - |
| Reliance Underwater Systems Private Limited | U29241GJ2013PTC077604 | - |
| Reliance Technologies And Systems Private Limited | U29248MH2013PTC247148 | - |
| Rmol Engineering And Offshore Limited | U35100GJ2012PLC070568 | - |
| E Complex Private Limited | U63000GJ1995PTC026113 | - |
Showing major subsidiaries. Total: 5.
Charges & Borrowings of Swan Defence And Heavy Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2026 | Idbi Bank Limited | ₹50 Cr | Open |
| 12 Jun 2026 | Others | ₹66.9 Cr | Open |
| 11 Jun 2026 | Others | ₹33 Cr | Open |
| 07 Mar 2018 | Others | ₹2,500 Cr | Open |
| 20 Apr 2015 | Il & Fs Trust Company Limited | ₹1,689 Cr | Open |
Total charge records: 63 View all charges
Employees and EPFO Compliance at Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited has a workforce of 54 employees as of Mar 30, 2024.
Employee and EPFO history for Swan Defence And Heavy Industries Limited
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GST Compliance of Swan Defence And Heavy Industries Limited
GST registrations and filing compliance for Swan Defence And Heavy Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Swan Defence And Heavy Industries Limited
Credit ratings, litigation, and regulatory alerts for Swan Defence And Heavy Industries Limited
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MSME Payment Delays by Swan Defence And Heavy Industries Limited
MSME payment history for Swan Defence And Heavy Industries Limited
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Subsidiaries & Group Companies of Swan Defence And Heavy Industries Limited
Corporate group structure for Swan Defence And Heavy Industries Limited
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MCA Filings & Documents of Swan Defence And Heavy Industries Limited
MCA filings and documents for Swan Defence And Heavy Industries Limited
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Recent Activity on Swan Defence And Heavy Industries Limited
Recent News on Swan Defence And Heavy Industries Limited
Frequently Asked Questions about Swan Defence And Heavy Industries Limited
Swan Defence And Heavy Industries Limited is an active public limited company in the transport and logistics sector based in Rajual, Gujarat, India. It was incorporated on 17 October 1997 (29+ years old) and is registered under CIN L35110GJ1997PLC033193. Listed on BSE: 533107 and NSE: RNAVAL. The company has 54 employees.
The current directors of Swan Defence And Heavy Industries Limited are:
- Nikhil Vasantlal Merchant - Managing Director
- Paresh Vasantlal Merchant - Director
- Bhavik Nikhil Merchant - Director
- Vivek Paresh Merchant - Director
- Kaiyoze Beji Billimoria - Director
- Arun Sinha - Director
- Prabhakar Reddy Patil - Director
- Maya Swaminathan Sinha - Director
- Arvind Jayasing Morbale - Whole-Time Director
- Jayaramakrishnan Kannan - Director
The primary industry of Swan Defence And Heavy Industries Limited is transport and logistics. The company specifically operates in shipbuilding and repair services. The company is currently active in this sector.
Yes. Swan Defence And Heavy Industries Limited is listed on both BSE (code: 533107) and NSE (symbol: RNAVAL).
Swan Defence And Heavy Industries Limited can be reached at the registered office: Pipavav Shipyard Limited Pipavav Port Post Ucchaya Via Rajula, Rajual, Gujarat, India – 365560, or through the website rnaval.co.in.
The authorised capital is ₹15,000 Cr, and the paid-up capital is ₹52.68 Cr.