About Goyal MG Gases Private Limited
Data last updated:
Goyal MG Gases Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 23 April 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1973PTC006578. Its GSTIN is 07AABCG6972B4ZN (Delhi). The company holds 23 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹12.74 Cr. It was formerly known as Goyal Gases Pvt Ltd and Goyal Gases Ltd. It is led by directors including Suresh Chand Goyal (Managing Director) and Shahzeb Khan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 53 Friends Colony Eastnew Delhi, Delhi, India – 110065.
As per the financials filed for FY 2025, the company reported a revenue of ₹225.24 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹31.32 Cr (net margin 13.9%) and EBITDA of ₹73.3 Cr (EBITDA margin 32.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company has about 63 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹330.37 Cr and satisfied charges of ₹788.83 Cr on record. Court records list 691 cases involving the company, including 458 filed by the company and 233 filed against it; 88 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.33 Cr; the latest was in July 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goyalgroup.com.
Company details
Name history
Goyal MG Gases has undergone 4 name changes throughout its history. The current legal name is Goyal Mg Gases Private Limited.
| Company Name | Status |
|---|---|
| Goyal MG Gases Private Limited | Current |
| Goyal Gases Pvt Ltd | Previous |
| Goyal Gases Ltd | Previous |
| Goyal Gases Limited | Previous |
| Goyal Gases Private Limited | Previous |
Contact details
Goyal MG Gases Private Limited's registered office is in New Delhi, Delhi. Its website is goyalgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address53 Friends Colony Eastnew Delhi, Delhi, India – 110065
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Goyal MG Gases Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Goyal MG Gases is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Goyal MG Gases Private Limited, buy the company report.
Financials of Goyal MG Gases Private Limited
FY 2025 filings availableGoyal MG Gases Private Limited reported revenue of ₹225.24 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 6% growth in the latest year. EBITDA rose 6% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹73.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.5% | ||||
| Net Profit Margin | 13.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Goyal MG Gases Private Limited, buy the company report.
Board of directors of Goyal MG Gases Private Limited
Goyal MG Gases has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shahzeb Khan Also directs: Rugby Renergy Private Limited, Dhamwari Power Company Private Limited, Poysha Electric Supply Company Private Limited and 5 more | Director | 24 Jan 2014 | 12 Years 9 Months | Current |
| Suresh Chand Goyal Also directs: Poysha Power Projects Private Limited, Hibra Power Private Limited, Rugby Renergy Private Limited and 5 more | Managing Director | 24 Apr 1974 | 52 Years 6 Months | Current |
| Mukesh Gupta Also directs: Kollam Gases Private Limited | Director | 13 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Goyal MG Gases Private Limited is audited by JHA MUKESH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHA MUKESH & CO. | FY 2023 | 039085N |
Shareholding
The shareholding of Goyal MG Gases Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goyal MG Gases Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101164493 | Hdfc Bank Limited | ₹35.23 Lakh | Open | |
| 30 Jul 2025 | 101163577 | Hdfc Bank Limited | ₹64.69 Lakh | Open | |
| 02 Sep 2024 | 100980446 | Others | ₹40 Cr | Open | |
| 18 Jun 2024 | 100942129 | Hdfc Bank Limited | ₹1.45 Cr | Open | |
| 30 May 2024 | 100936327 | Others | ₹50 Cr | Open |
To see the full charge records of Goyal MG Gases Private Limited, buy the company report.
Total charge records: 43 View all charges
Deals & funding
Goyal MG Gases Private Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.33 Cr; the latest was in July 2017.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Morgan Securities and Credits Private Limited , 3 individuals Seller: VTM Limited , Poysha Oxygen Private Limited , 2 individuals |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Thiagarajar Mills Private Limited , Bhuvaneshwar Cotspin Private Limited, an individual Seller: Indo Shell Cast Private Limited , N.S.Rathinam & Sons Private Limited , Divyar Garments India Private Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: R B A Exports Pvt. Ltd. , Bhuvaneshwar Cotspin Private Limited, VTM Limited Seller: Mathurha Cotspinn Private Limited, Madhra Fine Blanc Private Limited, 2 individuals |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Divyar Garments India Private Limited , N.S.Rathinam & Sons Private Limited , 2 individuals Seller: Pongular Pioneer Textile Private Limited, 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Indo Shell Cast Private Limited , Bojaraj Textile Mills Limited , 2 individuals Seller: Pongular Pioneer Textile Private Limited, Ruckmani Ammal Cotspin Private Limited , 2 individuals |
To see the full deal history of Goyal MG Gases Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Goyal MG Gases Private Limited has 691 court cases on record: 458 filed by Goyal MG Gases, 233 filed against it. 88 cases are pending and 603 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 368 | 117 | 36 |
| District courts | 272 | 93 | 50 |
| Supreme Court | 51 | 23 | 2 |
Cases on record (5 of 691)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S Delhi Automobiles Ltd | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Panama Infrastructure Developers Private Limited & Ors. | Pending |
| District court, Paschim Bardhaman, West Bengal | Interim or miscellaneous application | Filed by the company against Steel Authority of India Ltd | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S Delhi Auto and General Finance Pvt. Ltd. | Pending |
| District court, South East, Delhi | Appeal | Filed by the company against Messers Worldstel Stainless Steels Ltd | Pending |
To see the full case history of Goyal MG Gases Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Goyal MG Gases Private Limited was last rated by Care on 30 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Mar 2022 |
To see the full credit ratings and regulatory alerts of Goyal MG Gases Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Goyal MG Gases Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Goyal MG Gases has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Goyal Gases Private Limited | U40200DL2006PTC149670 |
To see the full group structure of Goyal MG Gases Private Limited, buy the company report.
Employees & EPFO
Goyal MG Gases Private Limited has a workforce of 63 employees on its EPFO records as of Jul 19, 2024, across 2 active EPFO establishments.
GST
Goyal MG Gases has 23 GST registrations: 13 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCG6972B4ZN | Delhi | Active | 30 Apr 2019 |
| 03AABCG6972B1ZY | Punjab | Active | 01 Jul 2017 |
| 09AABCG6972B1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AABCG6972B1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goyal MG Gases Private Limited, buy the company report.
Recent activity
Goyal MG Gases Private Limited has 13 board changes on record since 1974: 8 appointments and 5 cessations. The latest: Sriniwas Chandan ceased to be Company Secretary on 31 Oct 2025.
91 earlier events are in the company report.
Frequently asked questions
Goyal MG Gases is an active private limited company based in New Delhi, Delhi, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 23 April 1973 (53+ years old) and is registered under CIN U74899DL1973PTC006578.
Goyal MG Gases has 3 current directors:
- Suresh Chand Goyal - Managing Director
- Shahzeb Khan - Director
- Mukesh Gupta - Director
The latest financial statements of Goyal MG Gases on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Goyal MG Gases is 07AABCG6972B4ZN, registered in Delhi. The company has 23 GST registrations in all, of which 13 are active and 10 are cancelled or inactive. Other active GSTINs include 03AABCG6972B1ZY (Punjab), 09AABCG6972B1ZM (Uttar Pradesh), 19AABCG6972B1ZL (West Bengal).
The CIN (Corporate Identification Number) of Goyal MG Gases is U74899DL1973PTC006578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goyal MG Gases has 691 court cases on record: 458 filed by the company and 233 filed against it. 88 are pending. Most are in the high courts.
Goyal MG Gases was incorporated on 23 April 1973, making it 53+ years old. It is registered with the Registrar of Companies, Delhi.
Goyal MG Gases has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹3.33 Cr; the latest was in July 2017.
Sriniwas Chandan ceased to be Company Secretary on 31 Oct 2025. Mukesh Gupta was appointed as Director on 13 Feb 2018. Gulshan Kumar Balaya ceased to be Whole-Time Director on 23 Oct 2017. Goyal MG Gases has 13 board changes on record in total.
Goyal MG Gases can be reached through the website goyalgroup.com. Its registered office is in New Delhi, Delhi, India.