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: 579

Sales by Activity: Mahanagar Gas Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Selling and Distribution of Natural Gas

2.15TCr 3.56TCr 6.3TCr 6.29TCr 7.26TCr

Geographical breakdown of sales: Mahanagar Gas Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

India

2.15TCr 3.56TCr 6.3TCr 6.29TCr 7.26TCr

Executive Committee: Mahanagar Gas Limited

Manager TitleAgeSince
Director of Finance/CFO - 09/04/2009
Chief Operating Officer - 03/03/2021
Compliance Officer - 09/02/2021
Corporate Officer/Principal - 23/08/2025
Corporate Officer/Principal - 24/09/2020

Composition of the Board of Directors: Mahanagar Gas Limited

Director TitleAgeSince
Director/Board Member 60 24/05/2021
Director/Board Member 66 24/08/2021
Director/Board Member - 24/08/2024
Director/Board Member - 24/08/2024
Director/Board Member - 28/01/2025
Director/Board Member - 23/08/2025
Director/Board Member - 23/08/2025
Chairman 76 01/03/2026
Director/Board Member - 30/04/2026

Shareholders: Mahanagar Gas Limited

NameEquities%Valuation
32.5 %
3,21,02,750 32.5 % 368 M ₹
State of Maharashtra
10 %
98,77,778 10 % 113 M ₹
Life Insurance Corporation of India (Investment Portfolio)
6.748 %
66,65,971 6.748 % 76 M ₹
UTI Asset Management Co. Ltd. (Investment Management)
1.838 %
18,15,383 1.838 % 21 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
1.742 %
17,20,769 1.742 % 20 M ₹

Company details: Mahanagar Gas Limited

Mahanagar Gas Ltd.

MGL House

400051, Mumbai

+91 22 6678 5000

http://www.mahanagargas.com
address Mahanagar Gas Limited(MGL)

Natural Gas Distribution

Change 5d. change 1-year change 3-years change Capi.($)
-1.78%-0.70%-24.47%+3.87% 112.89Cr
+0.04%-.--%-.--%-.--% 5.55TCr
+0.44%-4.20%+1.93%-5.78% 1.62TCr
-1.06%+3.12%+50.66%+83.66% 1.21TCr
-0.05%-1.74%-0.05%+1.91% 877.9Cr
+0.73%-3.50%-12.44%+14.62% 755.87Cr
+0.11%+4.10%-1.67%+18.18% 747.16Cr
-2.51%-6.23%-21.72%-50.39% 734.36Cr
-0.18%+4.26%-5.70%+44.36% 719.28Cr
-0.61%+4.77%+24.20%+41.77% 642.11Cr
Average -0.48%-0.71%+1.07%+15.22% 1.3TCr
Weighted average by Cap. -0.17%+1.67%+3.59%+10.83%
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Quarterly revenue - Rate of surprise

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