Company Mahanagar Gas Limited

MGL

INE002S01010

Natural Gas Utilities

Market Closed - NSE India S.E. Other stock markets 05:19:41 17/07/2025 pm IST			5-day change	1st Jan Change
1,522.80 ^INR	+2.97%		+2.74%	+18.56%

17/06	INDIA STOCKS-Indian shares slip as Trump's Tehran warning, oil surge rattle investors	RE
17/06	Nomura Upgrades Mahanagar Gas to Buy From Neutral, Adjusts Price Target to INR1,680 From INR1,350	MT

Business description: Mahanagar Gas Limited

Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.

Number of employees: 532

Sales by Activity: Mahanagar Gas Limited

Fiscal Period: March	2020	2021	2022	2023	2024
Selling and Distribution of Natural Gas	2.97TCr	2.15TCr	3.56TCr	6.3TCr	6.29TCr

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Geographical breakdown of sales: Mahanagar Gas Limited

Fiscal Period: March	2020	2021	2022	2023	2024
India	2.97TCr	2.15TCr	3.56TCr	6.3TCr	6.29TCr

See all geographic segments

Executive Committee: Mahanagar Gas Limited

Manager	Title	Age	Since
Ashu Shinghal CEO	Chief Executive Officer	56	23/12/2022
Rajesh Patel DFI	Director of Finance/CFO	-	09/04/2009
Sitanshu Sekhar Roychowdhury COO	Chief Operating Officer	-	03/03/2021
Atul Trimbak Prabhu CMP	Compliance Officer	-	09/02/2021
Manas Das PRN	Corporate Officer/Principal	-	24/09/2020

See MAHANAGAR GAS LIMITED governance

Composition of the Board of Directors: Mahanagar Gas Limited

Director	Title	Age	Since
Syed S. Hussain BRD	Director/Board Member	75	09/09/2019
Sanjay Shende BRD	Director/Board Member	59	24/05/2021
Malvika Sinha BRD	Director/Board Member	65	24/08/2021
Ashu Shinghal BRD	Director/Board Member	56	23/12/2022
Sandeep Kumar Gupta CHM	Chairman	59	31/10/2023
Mahesh Kumar Gupta BRD	Director/Board Member	-	24/08/2024
P. Anbalagan BRD	Director/Board Member	-	28/01/2025

Composition of the Board of Directors

Shareholders: Mahanagar Gas Limited

Name	Equities	%	Valuation
GAIL INDIA LIMITED 32.5 %	3,21,02,750	32.5 %	555 M ₹
State of Maharashtra 10 %	98,77,778	10 %	171 M ₹
Life Insurance Corporation of India (Investment Portfolio) 6.939 %	68,54,264	6.939 %	119 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management) 1.619 %	15,98,788	1.619 %	28 M ₹
UTI Asset Management Co. Ltd. (Investment Management) 1.455 %	14,36,822	1.455 %	25 M ₹

List of MAHANAGAR GAS LIMITED shareholders

Company details: Mahanagar Gas Limited

Mahanagar Gas Ltd.

MGL House Bandra-Kurla Complex, G-33 Block

400051, Mumbai

+91 22 6678 5000

http://www.mahanagargas.com

Natural Gas Distribution

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi.($)
MAHANAGAR GAS LIMITED	+2.97%	+2.74%	-12.33%	+91.21%	170.23Cr
GAZPROM	+0.04%	-.--%	-.--%	-.--%	5.98TCr
THE HONG KONG AND CHINA GAS COMPANY LIMITED	-0.15%	+1.34%	+6.08%	-16.97%	1.62TCr
ENN ENERGY HOLDINGS LIMITED	-0.86%	-0.39%	+4.29%	-48.49%	901.76Cr
KUNLUN ENERGY COMPANY LIMITED	-0.65%	-0.13%	-5.17%	+31.40%	854.86Cr
ENN NATURAL GAS CO.,LTD.	0.00%	+2.46%	-2.58%	+10.85%	838.73Cr
ITALGAS S.P.A.	0.00%	+2.98%	+47.89%	+32.24%	817.35Cr
UGI CORPORATION	+0.19%	+0.61%	+46.54%	-10.71%	770.92Cr
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P.	+0.33%	+2.32%	+18.88%	+62.37%	701.07Cr
CHINA RESOURCES GAS GROUP LIMITED	-0.74%	-0.50%	-29.03%	-43.12%	595.39Cr
Average	+0.11%	+1.14%	+7.46%	+10.88%	1.33TCr
Weighted average by Cap.	-0.07%	+3.33%	+5.74%	+1.24%