Maharashtra Natural Gas Limited - Company Profile

It is a energy and power public limited company based in Pune, Maharashtra, India, established in 2006.

2006 Pune, Maharashtra, India Active

Last Updated: December 23, 2025

About Maharashtra Natural Gas Limited

Maharashtra Natural Gas Limited, a active public limited company, was established on 13 January 2006 in Pune, Maharashtra, India. Engaging in oil & gas distribution & transmission within the electricity, gas, steam and air condition supply sector, it holds CIN: U11102PN2006PLC021839. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹100.00 Cr.

It upholds a compliant status. Employing 176 professional, Its leadership includes Mohit Bhatia (Nominee Director), Rajeev Kumar Singhal (Additional Director), Kumar Shanker (Managing Director). Past directors included Vinod Premchand Giri, Deepak Kumar Jamsaheb Mukadam, Padmini Bhalchandra Khare. It holds ₹3,936.00 Cr open charges and ₹849.00 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at Plot No 27, Narveer Tanaji Wadi, Pmt Bus Depot, Commercial Building, First Floor, Shivaj, I Nagar, Pune, Maharashtra, 411005.

Company Details

CIN/LLPIN
U11102PN2006PLC021839
Registration Number
021839
Incorporation Date
13 January 2006
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹100.00 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 23-12-2025
Paid Up Capital ₹ 100.00 Cr as on 23-12-2025
Company Age 20 Year, 1 Month
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 3,936.00 Cr as on 23-12-2025
Satisfied Charges ₹ 849.00 Cr as on 23-12-2025
Revenue Growth **** 95.01% (FY 2023)
Profit Growth **** 26.60% (FY 2023)
Ebitda **** 28.21% (FY 2023)
Net Worth 29.33% (FY 2023)
Total Assets **** 27.09% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Natural Gas Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra Natural Gas Limited?

Current Directors

Name	Designation	Appointment Date	Status
Mohit Bhatia	Nominee Director	03 May 2024	Current
Rajeev Kumar Singhal	Additional Director	08 Nov 2024	Current
Kumar Shanker	Managing Director	23 Feb 2023	Current
Kamal Kishore Chatiwal	Nominee Director	19 Jun 2023	Current
Shankar Nagappa Karajagi	Whole-Time Director	01 Aug 2024	Current
Bageshree Milind Manthalkar	Director	19 Mar 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	19 Sep 2014	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Nominee Director	31 Aug 2018	Past
Pramod Abcsdd	Additional Director	25 Sep 2012	Past
Pramod Abcsdd	Nominee Director	23 Nov 2016	Past

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Financial Performance of Maharashtra Natural Gas.

Maharashtra Natural Gas Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 95.01% increase. The company also saw a substantial improvement in profitability, with a 26.6% increase in profit. The company's net worth Soared by an impressive increase of 29.33%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

95.01%

*******

Revenue from Operations

*******

95.47%

*******

Total Assets

*******

27.09%

*******

Profit or Loss

*******

26.60%

*******

Net Worth

*******

29.33%

*******

EBITDA

*******

28.21%

*******

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What is the Ownership and Shareholding Structure of Maharashtra Natural Gas?

In 2023, Maharashtra Natural Gas had a promoter holding of 45.00% and a public holding of 55.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹39,360,000,000.00

Satisfied Charges

₹8,490,000,000.00

Charges Breakdown by Lending Institutions

Others : 3920.00 Cr
State Bank Of India : 15.00 Cr
Axis Bank Limited : 1.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
09 Jun 2023	Others	₹2,780.00 Cr	Open
29 Jul 2021	Axis Bank Limited	₹1.00 Cr	Open
25 Sep 2020	Others	₹1,115.00 Cr	Open
18 Sep 2020	Others	₹25.00 Cr	Open
08 Mar 2016	State Bank Of India	₹15.00 Cr	Open

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How Many Employees Work at Maharashtra Natural Gas?

Maharashtra Natural Gas has a workforce of 176 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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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.

Alerts

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.

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Latest Updates, News, and FAQs on Maharashtra Natural Gas

Recent Activity within the Organization

Annual General Meeting

The activity Maharashtra Natural Gas Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was completed.
25 Sep 2025
Balance Sheet

Progress on Maharashtra Natural Gas Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune. was documented.
31 Mar 2025
Director Appointment

The activity Debashis Naik was appointed as a Additional Director was appointed as a Additional Director on 31 Jan 2025 & has been associated with this company since 1 year 26 days . was completed.
31 Jan 2025
Director Appointment

Progress on Rajeev Kumar Singhal was appointed as a Additional Director was appointed as a Additional Director on 08 Nov 2024 & has been associated with this company since 1 year 3 months . was documented.
08 Nov 2024
Director Appointment

Shankar Nagappa Karajagi was appointed as a Whole-time director was appointed as a Whole-time director on 01 Aug 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.
01 Aug 2024
Director Appointment

Progress on Mohit Bhatia was appointed as a Nominee Director was appointed as a Nominee Director on 03 May 2024 & has been associated with this company since 1 year 9 months . was documented.
03 May 2024

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