What we do Mahanagar Gas Ltd is a leading city gas distributor in Mumbai and adjoining areas, providing Compressed Natural Gas for vehicles and Piped Natural Gas for households and industries. |
Founded in 1,995 |
Market share One of the largest CGD companies in India with exclusive rights in Mumbai Metro Region and significant customer base. |
Problem solved Provides clean, affordable energy solutions reducing pollution by replacing conventional fuels with natural gas. |
Top clients or who we serve Serves over 1.25 million CNG vehicles, 3.07 million PNG household consumers, commercial and industrial customers; primarily B2C and B2B. |
Key management - |
Our journey and innovations From inception in 1995, expanded pipeline network over 8,000 km, introduced LNG and EV charging, and diversified into battery manufacturing and green energy. |
Where we operate Mumbai Metropolitan Region, Thane, Raigad district, Maharashtra and adjoining municipalities. |
Top products or what we offer CNG for vehicles, PNG for domestic, commercial & industrial consumers, LNG stations, EV charging, and emerging clean energy solutions. |
Top brands - |
Raw materials needed - |
Raw materials supplier Gas sourced via APM allocations and market, including term and spot purchases. |
Recurring vs cyclical contribution Revenue mainly recurring from gas distribution services and infrastructure usage. |
Our industry position Market leader in city gas distribution in Mumbai area with rapidly growing infrastructure and customer base. |
Financial highlights FY25 standalone revenue ₹7,590 Cr with ₹1,045 Cr profit after tax; three-year revenue CAGR over 27%. |
Geographical revenue split Primarily Mumbai metropolitan area and adjoining regions in Maharashtra. |
Order book - |
Whats driving growth Network expansion, rising customer connections, government push for clean energy, strategic investments in LNG and electric mobility. |
Our future plans Scale up LNG retail, expand pipeline and CNG stations, invest in battery manufacturing and green hydrogen projects. |
Our green promise Focus on clean fuel usage, renewable energy, green hydrogen pilot programs and sustainable energy infrastructure. |
Our people and values Committed workforce emphasizing safety, compliance, and customer service excellence. |
Key challenges ahead Managing regulatory changes, gas availability, infrastructure expansion costs and competition in emerging energy segments. |
Interesting facts Launched first LNG station in Aurangabad; connected over 3.3 lakh households in 2023-24; entered EV battery manufacturing JV. |
Risks and strategy Mitigates risks via diversified sourcing, safety protocols, regulatory compliance, and investments in diversified energy technologies. |
