About
Basic Data Updated:
20 days agoMaharashtra Natural Gas Limited, a joint venture company of two prestigious navratna PSUs, namely Bharat Petroleum Corporation Limited (BPCL) and GAIL India Limited (GAIL), was established in January 2006. Its purpose was to cater to the growing demand for city gas distribution in various districts of Maharashtra. With the authorization from the PNGRB (Petroleum and Natural Gas Regulatory Board), MNGL has been able to provide city gas distribution services in Pune and Pimpri-Chinchwad, including the surrounding areas of Hinjewadi, Chakan, and Talegaon. Catering to the needs of the transportation sector, MNGL distributes compressed natural gas (CNG) and also provides piped natural gas (PNG) to the domestic, commercial, and industrial sectors in Maharashtra. The company takes pride in its esteemed clientele, which includes renowned names such as Bajaj Auto, Bridgestone India, Cummins India, Deenanath Mangeshkar Hospital, Endurance Group, Cafe Shreyas, Manchester UnitedCafé Bar, Vanaz Engineers, and Ramee Hotels, among others.
Industry
Company Details
- Location
Pune, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U11102PN2006PLC021839 |
| Company No. | 021839 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 13 Jan 2006 |
| Date of AGM | 29 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Pune |
Products or Services related to Maharashtra Natural Gas Limited
Gas Valves
LPG Conversion Kit
Compressed Natural Gas
CNG Sequential Injection Kit
Financials of Maharashtra Natural Gas Limited
Maharashtra Natural Gas Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 73.09% increase. The company also saw a substantial improvement in profitability, with a 92.29% increase in profit. The company's net worth Soared by an impressive increase of 33.03%.
Corporate Structure
Unlock access to Maharashtra Natural Gas's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Maharashtra Natural Gas Limited
Unlock and access historical data on people associated with Maharashtra Natural Gas, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
KS
Kumar Shanker
Managing DirectorAppointment Date: 23-Feb-2023
Status: Current
S
Sarathy CFOAppointment Date: 21-May-2021
Status: Current
SP
Shreya Prabhudesai Company SecretaryAppointment Date: 17-Dec-2018
Status: Current
Board Members(6)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 09 Jun 2023 | ₹2,780.00 Cr | Open |
Axis Bank Limited Creation Date: 29 Jul 2021 | ₹1.00 Cr | Open |
Others Creation Date: 25 Sep 2020 | ₹1,115.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Maharashtra Natural Gas, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Natural Gas's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
25 years 4 months 
Recent activity within the organization
Director Appointment
Harish Kumar Srivastava was appointed as a Nominee Director was appointed as a Nominee Director on 18 Mar 2024 & has been associated with this company since 1 month 22 days .
18 Mar 2024Charges
A charge with State Bank Of India of Rs. 15.00 cr registered on 08 Mar 2016 with Charge ID 100047950 was modified on 27 Dec 2023.
27 Dec 2023Charges
A charge with Axis Bank Limited of Rs. 1.00 cr registered on 29 Jul 2021 with Charge ID 100489122 was modified on 22 Dec 2023.
22 Dec 2023Charges
A charge registered on 27 Aug 2019 via Charge ID 100289915 with Hdfc Bank Limited was fully satisfied on 07 Nov 2023.
07 Nov 2023Charges
A charge registered on 20 Jul 2018 via Charge ID 100200580 with Hdfc Bank Limited was fully satisfied on 07 Nov 2023.
07 Nov 2023
Recent News, Updates & Announcement
Maharashtra More stations soon to refill CNG vehicles.Maharashtra Natural Gas Limited MNGL officials on Friday said 12 more pumps in Pune and Pimpri Chinchwad were expected to soon start dispensing the compressed natural gas CNG.
TNN 10 Feb 2019
- Maharashtra MNGL seeks vacant spaces for setting up CNG refilling stations.
The gas supplier plans to set up about 10 more stations in the next five months Pune and Pimpri Chinchwad require about 75 refilling stations to cater to the daily demand of CNGrun vehicles.
TNN 14 Nov 2018
- Maharashtra Natural Gas Ltd to invest Rs 1600 crore in Nashik to supply CNG.
The stateowned PSU has won the bids to supply compressed natural gas CNG for vehicles and piped natural gas PNG for domestic purpose in Nashik Dhule and Sindhdurg districts.
TNN 05 Oct 2018
Frequently asked questions
What is the Incorporation or founding date of Maharashtra Natural Gas Limited?
