About Confidence Group
Confidence Group is a company based in Nagpur (India) founded in 1993.. Confidence Group has raised $11.28 million across 2 funding rounds from investors including BW LPG. The company has 438 employees as of April 07, 2024. Confidence Group has completed 1 acquisition, including Punjab Petroleum. Confidence Group offers products and services including LPG Supply and Cylinder Manufacturing.
- Headquarter Nagpur, India
- Employees 438 as on 07 Apr, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Confidence Petroleum India Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$266.13 M (USD)54.34as on Mar 31, 2023
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Net Profit
$11.15 M (USD)3.25as on Mar 31, 2023
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EBITDA
$26.77 M (USD)19.67as on Mar 31, 2023
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Total Equity Funding
$11.28 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
438
as on Apr 07, 2024
- Investments & Acquisitions
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IPO & Listings of Confidence Group
Confidence Group is a publicly listed company on the NSE with ticker symbol CONFIPET in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Confidence Group
Confidence Group offers a comprehensive portfolio of products and services, including LPG Supply and Cylinder Manufacturing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Supply of liquefied petroleum gas is conducted for individuals and commercial entities through a network of dealers and stations
High-pressure cylinder manufacturing is performed at facilities that meet quality standards for industrial gases
Funding Insights of Confidence Group
Confidence Group has successfully raised a total of $11.28M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(13 Aug 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Post-IPO - Confidence Group | Valuation |
investors |
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| Aug, 2018 | Amount | Series B - Confidence Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Confidence Group
Confidence Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BW LPG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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LPG shipping services are provided for global energy transport.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Confidence Group
Confidence Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Punjab Petroleum. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Petroleum company manufacturing LPGs
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Confidence Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Confidence Group Comparisons
Competitors of Confidence Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Confidence Group
Frequently Asked Questions about Confidence Group
When was Confidence Group founded?
Confidence Group was founded in 1993 and raised its 1st funding round 25 years after it was founded.
Where is Confidence Group located?
Confidence Group is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Is Confidence Group a funded company?
Confidence Group is a funded company, having raised a total of $11.28M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.28M, raised on Aug 13, 2018.
How many employees does Confidence Group have?
As of Apr 07, 2024, the latest employee count at Confidence Group is 438.
What is the annual revenue of Confidence Group?
Annual revenue of Confidence Group is $266.13M as on Mar 31, 2023.
What does Confidence Group do?
The Confidence Group was established in 1993 in Nagpur, India, as a manufacturer and supplier of bottled LPG gas cylinders. Operations are centered in the energy sector, with production and distribution focused on liquefied petroleum gas products for domestic use. The company is led by Managing Director Nitin Khara, whose DIN is 01670977. Activities are conducted from the Nagpur base, serving regional markets in India.
What products or services does Confidence Group offer?
Confidence Group offers LPG Supply and Cylinder Manufacturing.
Is Confidence Group publicly traded?
Yes, Confidence Group is publicly traded on NSE under the ticker symbol CONFIPET.
How many acquisitions has Confidence Group made?
Confidence Group has made 1 acquisition, including Punjab Petroleum.
Who are Confidence Group's investors?
Confidence Group has 1 investor. Key investors include BW LPG.
What is Confidence Group's ticker symbol?
The ticker symbol of Confidence Group is CONFIPET on NSE.