What We Do
Swan Energy Ltd. (SEL), was incorporated in 1909 as Swan Mills Ltd (SML) and in 1991 the ownership & management of the Company was taken over by Mr. Navinbhai Dave & Mr. Nikhil Merchant from the Goenka Group. In 2004, it ventured into real estate..
Due to the downturn of the Indian textile industry, SEL had to close its textile operations in 2002, and, with large area of land available, it ventured into property development in 2004. SEL successfully developed 2 property projects in Mumbai - a commercial IT park at Kurla and a residential complex at Sewri.
Cardinal Energy and Infrastructure Pvt Ltd (Cardinal) is a wholly owned subsidiary Company of Swan Energy Limited. All commercial projects are being executed in this Company. Pegasus Ventures Pvt Ltd (Pegasus) is also a wholly-owned subsidiary Company of Swan Energy Limited. All residential projects are being executed in this Company.
SEL has acquired landbanks in Goa, Bengaluru, Mangalore, Mysore, Chennai and Hyderabad where they are undertaking real-estate development projects.