What we do Swan Defence and Heavy Industries Limited specializes in shipbuilding, repair, and heavy engineering with a focus on naval and offshore vessels for defense and commercial sectors. |
Founded in 1,997 |
Market share First private Indian company licensed to build Naval Offshore Patrol Vessels; holds significant shipyard infrastructure with the largest dry dock globally. |
Problem solved Provides indigenous shipbuilding and repair solutions to meet India's defense naval fleet modernization and maritime infrastructure needs. |
Top clients or who we serve Indian Navy, Indian Coast Guard, ONGC, private commercial shipping firms; operates primarily B2G and B2B segments. |
Key management Managing Director Nikhil Merchant; CEO Rear Admiral Vipin Kumar Saxena (Retd); CFO Rajesh Bhardwaj. |
Our journey and innovations Evolved from Pipavav Shipyard to India's pioneer private naval shipbuilder; launched India’s largest modular shipbuilding with advanced refit projects. |
Where we operate Operations mainly in India at Pipavav port; services extended internationally including U.S. Navy certification for repair work. |
Top products or what we offer Naval Offshore Patrol Vessels, Panamax bulk carriers, Offshore Supply Vessels, modular shipbuilding and heavy engineering services. |
Top brands Pipavav Shipyard infrastructure; Navy vessels like Naval Offshore Patrol Vessels; Panamax carriers; Indian Coast Guard training ships. |
Raw materials needed Steel, heavy machinery components, naval grade materials for ship construction and repair. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical tied to shipbuilding contracts and periodic repair projects. |
Our industry position Leading private shipbuilder with unique modular construction capabilities and strategic defense ties. |
Financial highlights FY 2024-25 revenue ₹7.03 Crore; net loss ₹181.04 Crore due to turnaround phase; significant assets of ₹4747.45 Crore. |
Geographical revenue split 100% revenue generated within India as of latest fiscal year. |
Order book - |
Whats driving growth Government defense indigenization, Shipbuilding Financial Assistance Policy, strategic partnerships, and enhanced operational capacity. |
Our future plans Expand shipbuilding and repair operations, capitalise on maritime infrastructure policies, and pursue sustainable growth in defense contracts. |
Our green promise Committed to eco-friendly ship recycling and compliance with environmental and safety standards. |
Our people and values Focus on skilled workforce development, safety, inclusion, and strong corporate governance culture. |
Key challenges ahead Recovering from financial losses, regulatory compliance, and increasing operational efficiency amid market uncertainties. |
Interesting facts First Indian private company licensed for Naval Offshore Patrol Vessels; home to world's largest dry dock. |
Risks and strategy Mitigates market and financial risks through strategic partnerships, process automation, and regulatory compliance. |
