Veritas (India) Limited, incorporated in 1985, operates primarily in the trading and distribution of chemicals, metals, and machinery, and also engages in wind energy generation in Maharashtra and Tamil Nadu. Its business segments include Trading & Distribution and Wind Power Generation. In 2010, Veritas expanded its renewable energy portfolio by establishing wind mills in Tamil Nadu.
The company has expanded its global footprint and portfolio through several strategic acquisitions and the establishment of subsidiaries, including Veritas International FZE in the UAE, Kudrat Farming Private Limited, and Veritas Polychem Private Limited. In 2023, Swan Energy Limited acquired a 55% stake in Veritas, making it a subsidiary and significantly altering its ownership structure. This acquisition was approved by the Bombay Stock Exchange, positioning Swan Energy Limited as the controlling entity. Veritas continues to diversify and strengthen its market position through these strategic expansions and partnerships.
