About Swan LNG Private Limited
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Swan LNG Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Swan Energy Limited. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 12 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40108GJ2013PTC073539. Its GSTIN is 24AASCS9155R1Z7 (Gujarat).
The company has an authorised share capital of ₹7,000 Cr and a paid-up capital of ₹917.3 Cr. It was formerly known as Swan Lng Limited. It is led by directors including Bhavik Nikhil Merchant (Managing Director) and Rohinton Eruch Shroff.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 9 Thavenue Groundfloor Behindrajpathclub.Memnagar Bodakdev, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.86 Cr, a growth of 94% compared to the previous year. For the same year it recorded a net loss of ₹86.32 Cr and EBITDA of ₹2.85 Cr (EBITDA margin 99.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Swan Corp. As per MCA filings, the company has open charges of ₹72.57 Cr and satisfied charges of ₹3,152 Cr on record. Court records list 17 cases involving the company, including 12 filed by the company and 5 filed against it; 7 cases are pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹130 Cr; the latest was in March 2020. Its 10 peer companies in the Oil and Gas industry (Distribution and Transmission) are compared by revenue, 5 larger and 5 smaller; the largest is Sunshine Combustion Solutions Private Limited with revenue of ₹3.18 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swanlng.co.in.
Company details
CIN history
Swan LNG has one previous CIN (Corporate Identification Number): U40108GJ2013PLC073539. The current CIN is U40108GJ2013PTC073539, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108GJ2013PTC073539 | Current |
| U40108GJ2013PLC073539 | Previous |
Contact details
Swan LNG Private Limited's registered office is in Ahmedabad, Gujarat. Its website is swanlng.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9 Thavenue Groundfloor Behindrajpathclub.Memnagar Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Swan LNG Private Limited, buy the company report.
- 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
Brands
Swan LNG 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 LNG Private Limited
FY 2025 filings availableSwan LNG Private Limited reported revenue of ₹2.86 Cr (up 94% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 94% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 95% 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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| EBITDA | ₹2.85 Cr | ||||
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| Net Profit (PAT) | -₹86.32 Cr | ||||
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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 | 99.5% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Swan LNG Private Limited, buy the company report.
Board of directors of Swan LNG Private Limited
Swan LNG has 8 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohinton Eruch Shroff Also directs: Swan Corp Limited, Veritas (India) Limited, Cardinal Energy and Infrastructure Private Limited and 3 more | Director | 07 Aug 2023 | 3 Years 3 Months | Current |
| Sugavanam Padmanabhan | Director | 24 May 2013 | 13 Years 5 Months | Current |
| Prakash Dinkar Karnik | Nominee Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Vivek Paresh Merchant Also directs: Pegasus Ventures Private Limited, Triumph Offshore Private Limited, Swan Defence and Heavy Industries Limited and 5 more | Director | 10 Jul 2018 | 8 Years 4 Months | Current |
| Vinita Naman Patel Also directs: Triumph Offshore Private Limited, Dave Impex Private Limited | Director | 10 Jul 2018 | 8 Years 4 Months | Current |
| Kensuke Ito | Director | 19 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Swan LNG Private Limited is compared with the 10 companies closest to it by revenue in the Oil and Gas industry (Distribution and Transmission), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunshine Combustion Solutions Private Limited | ₹3.18 Cr (FY 2025) | 30.0% | Bangalore, Karnataka, India | |||
| Indogas Private Limited | ₹3.13 Cr (FY 2024) | 1.0% | Chennai, Tamil Nadu, India | |||
| Mahanagar LNG Private Limited | ₹3.1 Cr (FY 2025) | 110625.0% | Mumbai, Maharashtra, India | |||
| HCG Raipur Private Limited | ₹3.08 Cr (FY 2025) | New Delhi, Delhi, India | ||||
| Peacock Chemicals Pvt Ltd | ₹3.06 Cr (FY 2025) | -5.0% | Ghaziabad, Uttar Pradesh, India | |||
| Swan LNG Private Limitedthis company | ₹2.86 Cr (FY 2025) | -₹86.32 Cr | 94.0% | Ahmedabad, Gujarat, India | ||
| Confidence Time Cylinders Private Limited | ₹2.83 Cr (FY 2025) | Thane, Maharashtra, India | ||||
| Shreeji Tradelink Private Limited | ₹2.71 Cr (FY 2025) | 40.0% | Surat, Gujarat, India | |||
| Enertech Distribution Management Private Limited | ₹2.68 Cr (FY 2025) | -82.0% | Ahmedabad, Gujarat, India | |||
| VBC Petroleum Services Private Limited | ₹2.63 Cr (FY 2024) | 361.0% | Mehsana, Gujarat, India | |||
| Seight Lpgas Bottlers Private Limited | ₹2.63 Cr (FY 2024) | -15.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Swan LNG Private Limited, buy the company report.
Auditor
Swan LNG 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 | 108826W |
Shareholding
The shareholding of Swan LNG 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 LNG Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2017 | 100089512 | Others | ₹72.57 Cr | Open | |
| 04 Aug 2020 | 100360515 | Sbicap Trustee Company Limited | ₹3,152 Cr | Satisfied |
To see the full charge records of Swan LNG Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Swan LNG Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹130 Cr; the latest was in March 2020.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹787.22 Cr | Investors: Swan Corp Limited , Gujarat Maritime Board, Fsru Venture India One Private Limited |
| May 2013 | Acquisition | Undisclosed | Buyer: Swan Corp Limited Seller: 2 individuals |
To see the full deal history of Swan LNG Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swan LNG Private Limited has 17 court cases on record: 12 filed by Swan LNG, 5 filed against it. 7 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 2 |
| High courts | 5 | 0 | 2 |
| NCLAT | 4 | 0 | 3 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Mantovani Di Dharti Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Dharti Dredging and Infrastructure Limited Through Its Authorized Signatory Virendra Prasad Dwivedi | Disposed |
| District court, RAJKOT, Gujarat | Commercial matter | Filed against the company by National Marine and Infrastructure India Private Limited | Disposed |
| Supreme Court | Court case (2810-Mercantile Laws, Commercial Transactions Including Banking : Bank Guarantee matters) | Filed against the company by National Marine and Infrastructure India Private Limited Mahesh Zagade Director Mahesh Zagade Director 404, 4Th Floor Centre Point, Andheri Kurla Road J.B. Nagar Andheri East , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| District court, Amreli, Gujarat | Court case (MCA) | Filed by the company against Deputy Collector of Rajula | Pending |
To see the full case history of Swan LNG Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Swan LNG Private Limited was last rated by Indiarating on 01 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Mar 2021 |
To see the full credit ratings and regulatory alerts of Swan LNG Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swan LNG Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swan LNG has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AASCS9155R1Z7 | Gujarat | Active | 09 Jul 2017 |
To see the full GST registrations and return filing status of Swan LNG Private Limited, buy the company report.
Recent activity
Swan LNG Private Limited has 33 board changes on record since 2013: 8 appointments and 25 cessations. The latest: Rajkumar Beniwal ceased to be Nominee Director on 29 Dec 2025.
28 earlier events are in the company report.
Frequently asked questions
Swan LNG is an active private limited company based in Ahmedabad, Gujarat, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 12 February 2013 (13+ years old) and is registered under CIN U40108GJ2013PTC073539.
Swan LNG has 8 current directors:
- Bhavik Nikhil Merchant - Managing Director
- Rohinton Eruch Shroff - Director
- Sugavanam Padmanabhan - Director
- Prakash Dinkar Karnik - Nominee Director
- Vivek Paresh Merchant - Director
- Vinita Naman Patel - Director
- Kensuke Ito - Director
- Pratap Singh Nagar - Director
The latest financial statements of Swan LNG on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Swan LNG is 24AASCS9155R1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Swan LNG is U40108GJ2013PTC073539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swan LNG has 17 court cases on record: 12 filed by the company and 5 filed against it. 7 are pending. Most are in the district courts.
Swan LNG was incorporated on 12 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Swan LNG has 3 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹130 Cr; the latest was in March 2020.
The peers of Swan LNG by revenue are Sunshine Combustion Solutions Private Limited, Indogas Private Limited, Mahanagar LNG Private Limited, HCG Raipur Private Limited, Peacock Chemicals Pvt Ltd and 5 more, all in the Oil and Gas industry (Distribution and Transmission).
Rajkumar Beniwal ceased to be Nominee Director on 29 Dec 2025. Krishna Kumar Nirala ceased to be Nominee Director on 17 Jun 2025. Rahul Sharma ceased to be CEO on 28 Feb 2025. Swan LNG has 33 board changes on record in total.
Swan LNG can be reached through the website swanlng.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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