What we do IRM Energy Limited is an Indian City Gas Distribution company operating natural gas networks supplying CNG and PNG to industrial, commercial, domestic, and automobile customers across multiple regions. |
Founded in 2,015 |
Market share One of the fastest growing CGD companies with strong infrastructure in Banaskantha, Punjab, Diu & Gir Somnath, Tamil Nadu. |
Problem solved Provides clean, affordable, and efficient natural gas replacing traditional fuels, supporting energy transition and environmental sustainability. |
Top clients or who we serve Industrial, commercial, domestic households, public and private vehicle operators; B2B and B2C segments. |
Key management Experienced leadership including CEO with 35 years in oil and gas sector, CFO with IIM background, and expert professionals in strategy and operations. |
Our journey and innovations Started operations in 2017, rapidly expanded pipeline network and CNG stations, issued IPO in 2023, and scaled to over 80,000 domestic PNG customers by 2025. |
Where we operate Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath, Namakkal and Tiruchirappalli (Tamil Nadu). |
Top products or what we offer Natural Gas supply via CNG stations and piped PNG connections to industrial, commercial, and domestic users. |
Top brands - |
Raw materials needed Natural gas sourced from suppliers for distribution to customers. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely recurring from long-term natural gas supply contracts and regular customer usage. |
Our industry position Strong market presence in appointed geographical areas with regulated operations and increasing customer base. |
Financial highlights FY25 revenue of Rs 1056 crore with PAT of Rs 45 crore; 10%+ revenue growth and expanding EBITDA margins. |
Geographical revenue split - |
Order book - |
Whats driving growth Network expansion, rising PNG domestic adoption, increasing CNG vehicle conversions, and supportive regulatory environment. |
Our future plans Further pipeline and station expansion in existing GAs, customer base growth, capex funded by IPO proceeds. |
Our green promise Supports clean energy transition by promoting natural gas to reduce carbon footprint and enhance air quality. |
Our people and values 186 permanent employees with a focus on diverse, ethical, and professional workforce culture. |
Key challenges ahead Mitigating commodity price volatility, regulatory changes, and sustaining growth with infrastructure rollout. |
Interesting facts Commissioned 10,000th PNG domestic connection in Diu & Gir Somnath, rapid growth of CNG stations to 127 by 2025. |
Risks and strategy Risk from gas price fluctuations mitigated by regulatory pass-through; growth from infrastructure and diversified customer segments. |
