Maharashtra Natural Gas Limited

Joint venture company providing city gas distribution services in Maharashtra, including CNG and PNG to various sectors.

2006 | Pune, Maharashtra (India) | Active
Last Updated: January 02, 2025

Maharashtra Natural Gas Profile

Key Indicators

  • Authorised Capital ₹ 100.00 Cr
  • Paid Up Capital ₹ 100.00 Cr
  • Company Age 19 Year, 18 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3,936.00 Cr
  • Satisfied Charges ₹ 849.00 Cr
  • Revenue Growth 73.09%
  • Profit Growth 92.29%
  • Ebitda 63.83%
  • Net Worth 33.03%
  • Total Assets 28.54%

About Maharashtra Natural Gas

Maharashtra Natural Gas Limited (MNGL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 January 2006 and has a history of 19 years. Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 100.00 Cr.

The company currently has active open charges totaling ₹3,936.00 Cr. The company has closed loans amounting to ₹849.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Maharashtra Natural Gas Limited India are Shreya Prabhudesai as COMPANY SECRETARY and Sarathy as Cfo. Bageshree Manthalkar, Kamal Chatiwal, Rajeev Singhal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U11102PN2006PLC021839

  • Company No.

    021839

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Jan 2006

  • Date of AGM

    26 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Energy and Power

What products or services does Maharashtra Natural Gas Limited offer?

Maharashtra Natural Gas Limited offers a wide range of products and services, including Industrial Valves & Valve Fittings, Gas Valves, LPG Kits, LPG Conversion Kit, Liquefied Natural Gas, Compressed Natural Gas, CNG Kit, CNG Sequential Injection Kit, Auto Rickshaw, Bajaj Auto Rickshaw.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Shreya Prabhudesai Country flag representing In Company Secretary17-Dec-2018Current
Sarathy CFO21-May-2021Current
Kumar Shanker Country flag representing In Managing Director23-Feb-2023Current

Board Members (5)

NameDesignationAppointment DateStatus
Kamal Chatiwal Country flag representing In Nominee Director 19-Jun-2023Current
Bageshree Manthalkar Country flag representing In Director 19-Mar-2021Current
Rajeev Singhal Country flag representing In Additional Director 08-Nov-2024Current
Mohit Bhatia Country flag representing In Nominee Director 03-May-2024Current
Shankar Karajagi Whole-Time Director 01-Aug-2024Current

Financial Performance of Maharashtra Natural Gas.

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%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
73.09%
Revenue from Operations
72.70%
Total Assets
28.54%
Profit or Loss
92.29%
Net Worth
33.03%
EBITDA
63.83%

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

In 2022, 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 Indicator graph

Charges (Loans)

Open Charges

₹3,936.00 Cr

Satisfied Charges

₹849.00 Cr

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

DateLenderAmountStatus
09 Jun 2023Others₹2,780.00 CrOpen
29 Jul 2021Axis Bank Limited₹1.00 CrOpen
25 Sep 2020Others₹1,115.00 CrOpen
18 Sep 2020Others₹25.00 CrOpen
08 Mar 2016State Bank Of India₹15.00 CrOpen

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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Maharashtra Natural Gas

Recent activity within the organization

  • Director Appointment

    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 2 months 24 days .

    08 Nov 2024

  • Annual General Meeting

    Maharashtra Natural Gas Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.

    26 Sep 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 6 months 1 day .

    01 Aug 2024

  • Director Appointment

    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 8 months 29 days .

    03 May 2024

  • Balance Sheet

    Maharashtra Natural Gas Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

    31 Mar 2024

  • Charges

    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 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Maharashtra Natural Gas Limited was incorporated on 13 Jan 2006.

  • The authorized share capital of Maharashtra Natural Gas Limited is ₹ 100.00 Cr and paid-up capital is ₹ 100.00 Cr.

  • Currently 8 directors are associated with Maharashtra Natural Gas Limited.

    • Bageshree Milind Manthalkar
    • Kamal Kishore Chatiwal
    • Rajeev Kumar Singhal
    • Mohit Bhatia
    • Shankar Nagappa Karajagi
    • Shreya Anant Prabhudesai
    • Sarathy
    • Kumar Shanker
  • As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Natural Gas Limited is Plot No 27 Narveer Tanaji Wadi Pmt Bus Depot Commercial Building First Floor, Shivaj I Nagar India, Pune, Maharashtra, 411005.

  • The corporate identification number (CIN) of Maharashtra Natural Gas Limited is U11102PN2006PLC021839 and the company number is 021839 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Maharashtra Natural Gas Limited is https://www.mngl.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Maharashtra Natural Gas Limited has risen by 73.09%.

  • As Per 2022 financial reports, 176 employees are currently employed by Maharashtra Natural Gas Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Maharashtra Natural Gas Limited has experienced an upsurge of 33.03%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Maharashtra Natural Gas Limited amount to ₹ 3,936.00 Cr.

  • The most recent Balance Sheet for Maharashtra Natural Gas Limited was filed with the ROC on 31 Mar 2024.

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