|The Company was established in 1909.
The Jubilee Mills Ltd., was amalgamated with this Company on 1st July, 1975 and the scheme was approved by the High Court of Bombay on August, 1976.
The Coorla Spinning and Weaving Co. Ltd. was amalgamated with this, company on 1st April 1978 and the Scheme was approved by the High Court of Bombay.
The scheme of Amalgamation with Basanti Cotton Mills Ltd. as approved by the members of both companies was approved and sanctioned.
The products manufactured by the Company are polyester blended shirting, sarees, Cotton and blended Cambrics, etc. yarn Counts 10 to 100s, Polyester blended 45 to 80s.
The Mills are at Tokersey Jivraj Road, Sewri, Bombay-400 015 and old Agra Road, Kurla, Bombay - 400 070.
SML Holdings Limited is the wholly owned subsidiary.
-The Ajay Piramal group has entered into an alliance with the promoters of Swan Mills to develop around 10 lakh sq ft spread over central and north Mumbai. Swan Mills, one of the city's old textile mills and promoted by the Merchant and Dave families, has been shut for the past few years.
-Company name has been changed from Swan Mills Ltd to Swan Energy Ltd.