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

21.53B 35.6B 62.99B 62.9B 72.64B
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Geographical breakdown of sales: Mahanagar Gas Limited

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

India

21.53B 35.6B 62.99B 62.9B 72.64B
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Executive Committee: Mahanagar Gas Limited

Manager TitleAgeSince
Chief Executive Officer 57 2022-12-22
Director of Finance/CFO - 2009-04-08
Chief Operating Officer - 2021-03-02
Compliance Officer - 2021-02-08
Corporate Officer/Principal - 2020-09-23
See MAHANAGAR GAS LIMITED governance

Composition of the Board of Directors: Mahanagar Gas Limited

Director TitleAgeSince
Director/Board Member 65 2021-08-23
Director/Board Member 57 2022-12-22
Chairman 59 2023-10-30
Director/Board Member - 2024-08-23
Director/Board Member - 2025-01-27
Director/Board Member 60 2021-05-23
Composition of the Board of Directors

Shareholders: Mahanagar Gas Limited

NameEquities%Valuation
32.5 %
32,102,750 32.5 % 406 M ₹
State of Maharashtra
10 %
9,877,778 10 % 125 M ₹
Life Insurance Corporation of India (Investment Portfolio)
6.748 %
6,665,971 6.748 % 84 M ₹
UTI Asset Management Co. Ltd. (Investment Management)
1.786 %
1,764,366 1.786 % 22 M ₹
Aditya Birla Sun Life Amc Ltd. (Investment Management)
1.337 %
1,320,910 1.337 % 17 M ₹
List of MAHANAGAR GAS LIMITED shareholders

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.($)
-1.47%-1.24%-17.43%+22.63% 1.15B
+0.04%-.--%-.--%-.--% 55.5B
+0.42%+1.13%+20.84%-6.26% 17.13B
0.00%-1.93%+89.39%+87.29% 11.84B
-1.87%-0.80%+27.84%-44.60% 9.91B
-0.30%-1.15%-0.65%+9.92% 8.77B
+0.68%+0.54%-1.73%+20.13% 8.16B
+0.70%+1.85%+27.53%-7.96% 8B
+0.65%+1.80%+23.90%+82.40% 7.75B
+1.40%+2.35%-20.58%-35.69% 6.37B
Average +0.03%+0.64%+14.91%+12.79% 13.46B
Weighted average by Cap. +0.09%+2.62%+14.31%+8.24%
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