What we do Veritas (India) Ltd engages in international trade and distribution of chemicals, polymers, and more, alongside wind energy and software services, evolving under Swan Energy Limited since 2023. |
Founded in 1,985 |
Market share A key player in chemicals and polymers trade with growing energy and agriculture segments; consolidated revenues indicate significant market presence internationally. |
Problem solved Provides integrated chemical distribution and diversified energy solutions enhancing supply chain efficiency and sustainability across industries. |
Top clients or who we serve B2B focus serving chemical industries, agriculture sectors, energy markets, and international trade partners primarily in India and overseas. |
Key management - |
Our journey and innovations Started in 1985; expanded into wind energy (2010), agriculture, manufacturing, and overseas subsidiaries; Swan Energy acquired majority in 2023, boosting integrated services. |
Where we operate Domestic India operations with multiple subsidiaries in UAE and Singapore, serving global export markets primarily in Asia and beyond. |
Top products or what we offer Trading and distribution of chemicals, polymers, petrochemicals; wind energy generation; agriculture ventures; warehousing and software services. |
Top brands - |
Raw materials needed Chemicals, polymers, petrochemicals, agricultural inputs required for trading, manufacturing, and energy sectors. |
Raw materials supplier - |
Recurring vs cyclical contribution Primarily cyclical revenue from trading and distribution; recurring elements present in energy generation and warehousing services. |
Our industry position Strong position in chemicals and polymers distribution domestically and internationally; expanding footprint in renewable energy and agriculture sectors. |
Financial highlights Consolidated revenue ₹4099 crore with net profit ₹114 crore in FY 2024-25; steady revenue growth despite global uncertainties. |
Geographical revenue split Domestic revenue ₹323 crore; Overseas revenue ₹3776 crore in FY 2024-25. |
Order book - |
Whats driving growth Diversification into wind energy, agriculture, and global expansion; backed by Swan Energy's strategic acquisition and export market development. |
Our future plans Expand renewable energy capacity, strengthen global trade subsidiaries, and enhance integrated service offerings in chemicals and logistics. |
Our green promise Investments in wind energy generation reflect commitment to sustainable and clean energy solutions. |
Our people and values Focus on ethical governance, compliance, and employee welfare with regular board evaluations and strong management policies. |
Key challenges ahead Navigating global trade uncertainties, commodity price volatility, and competition while expanding integrated services. |
Interesting facts One of the early adopters of wind power in Tamil Nadu since 2010; multiple wholly owned international subsidiaries. |
Risks and strategy Risks include market fluctuations and regulatory changes; mitigated through diversified business model and robust risk management policies. |
