314.15 -7.75(-2.41%)
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Swan Corp Limited was initially incorporated as Swan Mills Limited on February 22, 1909. The name of the Company was changed to Swan Energy Limited in December, 2008 and now has been changed to Swan Corp Limited w.e.f. July 25, 2025. The Company is owned and managed by Dave and Merchant families who took over the company from the J.P. Goenka Group in 1992. The Company has 2 verticals of business i.e., Textiles, Constructions & Others. The BIFR proposal envisaged revival of only the spinning unit -- Swan Mills. In 1993-94, the company started operations in all departments by accepting job work. Nearly 80% of the processing work in the mill is being run on job works. As per the BIFR package, the company disposed excess land owned by it on a commercial basis. The company achieved a turnaround by posting a profit in 1993-94. With the funds available through land sale, the company is carried out a modernisation programme. Through merchant exporters, it started supplying to big retailers in Europe like Marks & Spencers, the UK retailing giant. It also diversified into the manufacture of cuprammoniam rayon yarn by setting up Vini Rayon Industries, a joint venture with the Gujarat Industrial & Investment Corporation. For this, it has tied up with Ralston & Associates, US, to set ...