India's Richest People 2026 edition · 1 director · Source: Hurun India
- #478 Nikhil V Merchant ₹7,300 Cr
Revenue · FY 2025
₹1.56 Cr
▼ 99% YoY
Net profit · FY 2025
₹1.47 Cr
Net margin 94%
EBITDA · FY 2025
₹1.06 Cr
EBITDA margin 67.8%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹27.1 Lakh
Issued & subscribed
Company age
44 yrs
Est. 1982
Directors on board
3
As per MCA filings
Brands
1
Associated brands
About Swan International Private Limited
Data last updated:
Swan International Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 27 July 1982 and has been in existence for over 44 years.
Its director Nikhil V Merchant is #478 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1982PTC027871.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹27.1 Lakh. It was formerly known as Swan International Limited. It is led by directors including Dharmishta Kantilal Tanna and Nikhil Vasantlal Merchant.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.56 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹1.47 Cr (net margin 94%) and EBITDA of ₹1.06 Cr (EBITDA margin 67.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: Swan Corp.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swancups.com.
Company details
CIN U51900MH1982PTC027871
Registration Number 027871
Incorporation Date 27 July 1982
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Swan International has one previous CIN (Corporate Identification Number): U51900MH1982PLC027871. The current CIN is U51900MH1982PTC027871, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1982PTC027871 | Current |
| U51900MH1982PLC027871 | Previous |
Key People
Dharmishta Kantilal Tanna Director Nikhil Vasantlal Merchant Director Paresh Vasantlal Merchant Director Recognitions & Rankings of Swan International
Contact details
Swan International Private Limited's registered office is in Mumbai, Maharashtra. Its website is swancups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Swan International Private Limited, buy the company report.
Comprehensive company report
Swan International Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Swan International operates one associated brand: Swan Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gas regasification units are developed and operated by the company. | swan.co.in |
Financials of Swan International Private Limited
FY 2025 filings availableSwan International Private Limited reported revenue of ₹1.56 Cr (down 99% YoY) for FY 2025.
Revenue · FY 2025
₹1.56 Cr ▼ 99%
Net profit · FY 2025
₹1.47 Cr margin 94%
EBITDA · FY 2025
₹1.06 Cr margin 67.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 7%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▼ 100%
3 years · compounded
▼ 12%
5 years · compounded
▼ 12%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 99% fall in the latest year. EBITDA fell 100% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹1.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.47 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.8% | ||||
| Net Profit Margin | 94% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Swan International Private Limited, buy the company report.
Board of directors of Swan International Private Limited
Swan International has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmishta Kantilal Tanna Also directs: Swan Realtors Private Limited, Swan Mills Private Limited, Miri Technologies Private Limited and 2 more | Director | 01 Sep 2016 | 10 Years 2 Months | Current |
| Nikhil Vasantlal Merchant Also directs: Swan Corp Limited, Swan Defence and Heavy Industries Limited, Precision Asset Solutions Private Limited and 5 more | Director | 22 Jul 1992 | 34 Years 3 Months | Current |
| Paresh Vasantlal Merchant Also directs: Swan Corp Limited, Swan Defence and Heavy Industries Limited, Sahajanand Soaps and Chemicals Pvt Ltd and 5 more | Director | 26 Jun 2000 | 26 Years 4 Months | Current |
Peer comparison
Swan International Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gaia Sustainable Solutions Private Limited | ₹1.57 Cr (FY 2025) | 271.0% | Mettupalayam, Tamil Nadu, India | |||
| SRS Fashions Private Limited | ₹1.57 Cr (FY 2023) | 24.0% | Jaipur, Rajasthan, India | |||
| TC Textiles Private Limited | ₹1.57 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Silky Centre Fashions Pvt Ltd | ₹1.57 Cr (FY 2025) | -6.0% | Surat, Gujarat, India | |||
| Kochhar Impex Private Limited | ₹1.56 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Swan International Private Limitedthis company | ₹1.56 Cr (FY 2025) | ₹1.47 Cr | 94% | -99.0% | Mumbai, Maharashtra, India | |
| Balaji Distributing Company Private Limited | ₹1.56 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Ashtvinayak Traders Private Limited | ₹1.56 Cr (FY 2024) | 388.0% | Mumbai, Maharashtra, India | |||
| Rockbay Services Private Limited | ₹1.56 Cr (FY 2024) | -26.0% | Puri, Odisha, India | |||
| R S C International Limited | ₹1.56 Cr (FY 2025) | 262.0% | Jaipur, Rajasthan, India | |||
| Posh Boutique Private Limited | ₹1.56 Cr (FY 2025) | -11.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Swan International Private Limited, buy the company report.
Auditor
Swan International Private Limited is audited by V.R. Renuka & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.R. Renuka & Co. | FY 2023 | 032263 |
Shareholding
The shareholding of Swan International Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swan International Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Swan International Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swan International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Swan International has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sahajanand Soaps and Chemicals Pvt Ltd | U24240GJ1988PTC010530 | |
| Swan Engitech Works Private Limited | U28920MH1955PTC009526 | |
| Tirupati Agencies Pvt Ltd | U51109MH1987PTC042836 | |
| Dave Impex Private Limited | U51900MH1990PTC057932 | |
| Dave Leasing and Holdings Private Limited | U65920MH1990PTC058282 | |
| Swan Realtors Private Limited | U70100MH1988PTC046799 |
To see the full group structure of Swan International Private Limited, buy the company report.
GST
No GST registration is on our record for Swan International Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Swan International Private Limited has 6 board changes on record since 1992: 3 appointments and 3 cessations. The latest: Dharmishta Kantilal Tanna ceased to be Additional Director on 29 Sep 2017.
AGM
Swan International Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Swan International Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Dharmishta Kantilal Tanna ceased to be Additional Director.
Appointed
Dharmishta Kantilal Tanna was appointed as Director.
Ceased
Vilas Anant Gangan ceased to be Director.
Ceased
Gopal Navinbhai Dave ceased to be Director.
Appointed
Paresh Vasantlal Merchant was appointed as Director.
Appointed
Nikhil Vasantlal Merchant was appointed as Director.
Incorporation
27 Jul 1982
Swan International Private Limited was registered on 27 Jul 1982 with Roc Mumbai & aged 44 years 3 months as per MCA records.
Frequently asked questions
Swan International is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 27 July 1982 (44+ years old) and is registered under CIN U51900MH1982PTC027871.
Swan International has 3 current directors:
- Dharmishta Kantilal Tanna - Director
- Nikhil Vasantlal Merchant - Director
- Paresh Vasantlal Merchant - Director
The latest financial statements of Swan International on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Swan International is U51900MH1982PTC027871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swan International was incorporated on 27 July 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Swan International by revenue are Gaia Sustainable Solutions Private Limited, SRS Fashions Private Limited, TC Textiles Private Limited, Silky Centre Fashions Pvt Ltd, Kochhar Impex Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Dharmishta Kantilal Tanna ceased to be Additional Director on 29 Sep 2017. Dharmishta Kantilal Tanna was appointed as Director on 01 Sep 2016. Vilas Anant Gangan ceased to be Director on 01 Sep 2016. Swan International has 6 board changes on record in total.
Swan International can be reached through the website swancups.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Swan International is at 6 Feltham House 2nd Floor J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
Swan International operates in the home and lifestyle industry, in the textile retail and distribution segment.
The compliance status of Swan International is compliant as of 15 September 2026. The company is actively filing with the Registrar of Companies.
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