About Mahanagar Gas Ltd. 
Mahanagar Gas Ltd.
Small Cap
Gas
Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India. MGL is the sole authorised distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane urban and adjoining municipalities and the Raigad district in the state of Maharashtra, India. The company distributes CNG for use in motor vehicles and PNG for domestic household as well as for commercial and industrial use.
Company Coordinates 
Company Details
MGL House Block No G-33, Bandra-Kurla Complex Bandra(E) Mumbai Maharashtra : 400051
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai
Capital Structure 
Present Equity Capital
INR 98.78 Cr
Number of Shares
9.88 Cr
Face Value
INR 10.0
Date
Number
of Shares(Cr)
of Shares(Cr)
Equity
Capital (Rs Cr)
Capital (Rs Cr)
Shares Added
Face Value (Rs)
Reason
01-Jul-2016
9.88
98.78
24694500
10
Public Issues
30-Jun-2016
9.88
98.78
24694500
10
Public Issues
30-Jun-2016
7.41
74.08
-24694500
10
Offer For Sale
29-Jun-2016
7.41
74.08
-24694500
10
Offer For Sale
06-Jun-2016
9.88
98.78
9436178
10
Conversion of Debentures
Shareholding Snapshot
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
None
Mutual Funds
Held by 25 Schemes (11.18%)
FIIs
Held by 198 FIIs (23.21%)
Promoter with highest holding
Gail (india) Limited (32.5%)
Highest Public shareholder
Governor Of Maharashtra (10%)
Individual Investors Holdings
9.99%
Management
Designation
Remuneration
Syed Shahzad Hussain
Independent Non Exe. Director
20.9 lacs
Sanjay Shende
Deputy Managing Director
1.1 cr
Malvika Sinha
Independent Non Exe. Director
18.7 lacs
Rajeev Bhaskar Sahi
Independent Non Exe. Director
13.75 lacs
Venkatraman Srinivasan
Independent Non Exe. Director
16.6 lacs
HARSHADEEP SHRIRAM KAMBLE
Non Independent Non Executive
0
Ashu Shinghal
Managing Director
42.51 lacs
Sandeep Kumar Gupta
Chairman(Non Exe)&Dir(Non-Ind)
0
Raw Materials Dashboard 
Raw Materials
Amount(Rs Cr)
% of RM Cost
Pipes and Fittings
6.9
0%
Pipes and Fittings
Finished Goods Dashboard 
Finished Goods
Amount(Rs Cr)
% of Sales Turnover
No Data Available for Finished Goods Segmentation
No Data Available
Revenue and Profits:
Net Sales:
2,373 Cr
(Quarterly Results - Jun 2026)
Net Profit:
193 Cr
Gas
INR 11,194 Cr (Small Cap)
15.00
17
2.63%
-0.14
13.09%
1.76






