India's Richest People 2026 edition · Source: Hurun India
Rank#478- Wealth
- ₹7,300 Cr
- Company
- Swan Energy
Current companies 15 active board seats
Past companies 20 historical roles
Total affiliations 35 Since Mar 1992
Shareholding value •••• Premium profile
About Nikhil Vasantlal Merchant
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Nikhil Vasantlal Merchant is a Managing Director at Swan Corp Limited (since 1992), Director at Feltham Resources Private Limited (since 2020) and Director at Precision Asset Solutions Private Limited (since 2024), and holds 12 more current directorships. The companies operate in Manufacturing, Steel and Environment. The 13 current companies with reported revenue have a combined latest revenue of ₹5,272 Cr; the largest is Swan Corp Limited at ₹5,144 Cr (FY 2026). Earlier, Nikhil Vasantlal Merchant was a Director at Veritas (India) Limited (2023–2024) and Director at Swan Sentech Private Limited (2015–2024) and 18 more.
Nikhil V Merchant is #478 among India's richest people (2026), with wealth of ₹7,300 Cr.
DIN 00614790
Primary Designation Managing Director
Industry Manufacturing
First Appointment 25 Mar 1992
Oldest Company Age 117 yrs
Largest company Swan Corp Limited · ₹5,144 Cr (FY 2026)
Combined revenue ₹5,272 Cr across 13 companies
Recognitions & Rankings
Current companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Swan Corp Limited L17100MH1909PLC000294 | Managing Director | 25 Mar 1992 | 1909 | ₹5,144 Cr (FY 2026) | Active |
 Feltham Resources Private Limited U27100MH2020PTC351211 | Director | 03 Dec 2020 | 2020 | ₹53.36 Cr (FY 2025) | Active |
| Precision Asset Solutions Private Limited U11202DL2022PTC396940 | Director | 16 Oct 2024 | 2022 | ₹53.36 Cr (FY 2025) | Active |
 Swan Defence And Heavy Industries Limited L35110GJ1997PLC033193 | Managing Director | 08 Dec 2023 | 1997 | ₹17.53 Cr (FY 2025) | Active |
| Feltham Steels Private Limited U27107MH2020PTC351985 | Director | 16 Dec 2020 | 2020 | ₹1.66 Cr (FY 2025) | Active |
 Swan International Private Limited U51900MH1982PTC027871 | Director | 22 Jul 1992 | 1982 | ₹1.56 Cr (FY 2025) | Active |
| Swan Engitech Works Private Limited U28920MH1955PTC009526 | Director | 01 Aug 2009 | 1955 | ₹44.6 Lakh (FY 2025) | Active |
| Gazdar Bandh Developers Private Limited U45209MH2018PTC306997 | Director | 22 Mar 2018 | 2018 | ₹31.5 Lakh (FY 2025) | Active |
Previous companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Veritas (India) Limited L23209MH1985PLC035702 | Director | 07 Feb 2023 | 1985 | ₹4,104 Cr (FY 2025) | Active |
| Swan Sentech Private Limited U63990MH2015PTC263403 | Director | 10 Apr 2015 | 2015 | Active | |
| Swan Mills Private Limited U17120MH1979PTC021565 | Director | 30 Sep 2016 | 1979 | ₹12,000 (FY 2025) | Active |
| Pegasus Ventures Private Limited U70102MH2012PTC229686 | Director | 16 Apr 2012 | 2012 | ₹34.8 Lakh (FY 2025) | Active |
| Cardinal Energy And Infrastructure Private Limited U40102MH2008PTC184568 | Director | 11 Jul 2008 | 2008 | ₹101 Cr (FY 2025) | Active |
| Good Earth Commodities (India) Private Limited U18101MH1995PTC088795 | Director | 20 Dec 2004 | 1995 | ₹14,040 (FY 2025) | Active |
| Feltham Trading Private Limited U51900MH1979PTC021462 | Director | 14 Aug 2009 | 1979 | ₹1.8 Lakh (FY 2025) | Active |
 Emergent Industrial Solutions Limited L80902DL1983PLC209722 | Additional Director | 05 Feb 2009 | 1983 | ₹799 Cr (FY 2025) | Active |
| Silverash Developers Llp AAG-8032 | Designated Partner | 29 Jun 2016 | 2016 | Strike Off |
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Board colleagues of Nikhil Vasantlal Merchant
Directorship timeline
Open interactive timeline →Silverash Developers Llp
Swan Corp Limited
Sahajanand Soaps And Chemicals Pvt Ltd
Feltham Resources Private Limited
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Shareholding and investment profile for Nikhil Vasantlal Merchant
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Frequently Asked Questions about Nikhil Vasantlal Merchant
Nikhil Vasantlal Merchant currently holds 15 directorships: Swan Corp Limited (Managing Director, since 25 Mar 1992, revenue ₹5,144 Cr (FY 2026)); Feltham Resources Private Limited (Director, since 03 Dec 2020, revenue ₹53.36 Cr (FY 2025)); Precision Asset Solutions Private Limited (Director, since 16 Oct 2024, revenue ₹53.36 Cr (FY 2025)); Swan Defence And Heavy Industries Limited (Managing Director, since 08 Dec 2023, revenue ₹17.53 Cr (FY 2025)); Feltham Steels Private Limited (Director, since 16 Dec 2020, revenue ₹1.66 Cr (FY 2025)); and 10 more.
Nikhil Vasantlal Merchant was first appointed on 25 Mar 1992 as Managing Director at Swan Corp Limited. The most recent appointment on record is 16 Oct 2024 at Precision Asset Solutions Private Limited.
The 13 current companies of Nikhil Vasantlal Merchant that report revenue have a combined latest revenue of ₹5,272 Cr: Swan Corp Limited ₹5,144 Cr (FY 2026); Feltham Resources Private Limited ₹53.36 Cr (FY 2025); Precision Asset Solutions Private Limited ₹53.36 Cr (FY 2025); Swan Defence And Heavy Industries Limited ₹17.53 Cr (FY 2025); Feltham Steels Private Limited ₹1.66 Cr (FY 2025); and 8 more.
Nikhil Vasantlal Merchant held 20 earlier board appointments: Veritas (India) Limited (Director, 07 Feb 2023 to 30 Aug 2024); Swan Sentech Private Limited (Director, 10 Apr 2015 to 25 Jun 2024); Swan Mills Private Limited (Director, 30 Sep 2016 to 29 May 2024); Pegasus Ventures Private Limited (Director, 16 Apr 2012 to 29 May 2024); Cardinal Energy And Infrastructure Private Limited (Director, 11 Jul 2008 to 29 May 2024); and 15 more.
The current boards of Nikhil Vasantlal Merchant's companies include Ashish Tulsidas Chhabria (Swan Corp Limited), Bhagwati Sharma (Swan Corp Limited), Chetan Kanaiyalal Selarka (Swan Corp Limited), Chetan Kanaiyalal Selarka (Swan Corp Limited), Jayaramakrishnan Kannan (Swan Corp Limited), Navinbhai Chandulal Dave (Swan Corp Limited), among others.