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Mahanagar Gas
4.3
based on 394 Reviews
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Company Overview
Company Locations
Working at Mahanagar Gas
Company Summary
A prominent natural gas distribution company in India, promoting clean energy solutions by facilitating efficient gas delivery systems.
Overall Rating
4.3/5
based on 394 reviews
7% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Critically rated for
Promotions
Work Policy
Work from office
90% employees reported
Monday to Friday
46% employees reported
Flexible timing
54% employees reported
Within city
66% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
30 employees reported
Job/Soft skill training
24 employees reported
Office cab/shuttle
15 employees reported
Office gym
9 employees reported
View all benefits
About Mahanagar Gas
Founded in1995 (30 yrs old)
India Employee Count501-1k
Global Employee Count501-1k
India HeadquartersMumbai, Maharashtra, India
Websitemahanagargas.com
Primary Industry
Other Industries
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Mahanagar Gas Limited, (MGL) one of the India's leading Natural Gas Distribution Companies was incorporated on 8th May 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL.
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Mahanagar Gas Ratings
based on 394 reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
204
4
107
3
44
2
14
1
25
Category Ratings
4.1
Job security
4.1
Work-life balance
4.0
Company culture
3.9
Salary
3.8
Skill development
3.8
Work satisfaction
3.3
Promotions
Mahanagar Gas is rated 4.3 out of 5 stars on AmbitionBox, based on 394 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Mahanagar Gas
based on 371 reviews
4.0
Rated by 22 Women
Rated 4.5 for Job security and 4.2 for Work-life balance
4.3
Rated by 349 Men
Rated 4.1 for Work-life balance and 4.1 for Job security
Work Policy at Mahanagar Gas
based on 47 reviews in last 6 months
Work from office
90%
Hybrid
6%
Permanent work from home
4%
Mahanagar Gas Reviews
Top mentions in Mahanagar Gas Reviews
+ 5 more
Compare Mahanagar Gas with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.3/5 based on 394 reviews | 4.1/5 based on 1.7k reviews | 4.2/5 based on 1.4k reviews | 4.4/5 based on 3k reviews |
Highly Rated for | Work-life balance Job security Company culture | Skill development Work-life balance Salary | Skill development Salary Job security | Skill development Work-life balance Job security |
Critically Rated for | Promotions | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 90% employees reported | Work from office 81% employees reported | Work from office 85% employees reported | Work from office 76% employees reported |
Rating by Women Employees | 4.0 Good rated by 22 women | 4.3 Good rated by 156 women | 4.1 Good rated by 170 women | 4.5 Good rated by 258 women |
Rating by Men Employees | 4.3 Good rated by 349 men | 4.1 Good rated by 1.4k men | 4.3 Good rated by 1.1k men | 4.4 Good rated by 2.5k men |
Job security | 4.1 Good | 3.8 Good | 4.0 Good | 4.2 Good |
View more
Mahanagar Gas Salaries
Mahanagar Gas salaries have received with an average score of 3.9 out of 5 by 394 employees.
Project Engineer
(429 salaries)
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₹3 L/yr - ₹4.5 L/yr
Deputy Manager
(90 salaries)
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₹11.4 L/yr - ₹20.4 L/yr
Site Engineer
(38 salaries)
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₹1.5 L/yr - ₹4.6 L/yr
Third Party Engineer
(35 salaries)
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₹3.3 L/yr - ₹4 L/yr
Project Engineer Mechanical
(34 salaries)
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₹2.5 L/yr - ₹4.4 L/yr
Safety Officer
(32 salaries)
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₹1.2 L/yr - ₹7.5 L/yr
Supervisor
(20 salaries)
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₹1.7 L/yr - ₹7.8 L/yr
Project Manager
(20 salaries)
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₹3.3 L/yr - ₹21.3 L/yr
Site Supervisor
(20 salaries)
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₹1.5 L/yr - ₹3.8 L/yr
Inspection Engineer
(18 salaries)
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₹2.6 L/yr - ₹3.9 L/yr
Mahanagar Gas Jobs
Popular Designations Mahanagar Gas Hires for
Project Manager
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Project Engineer
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Electrical Engineer
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Senior Manager
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Instrument Engineer
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Assistant Engineering Manager
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Area Incharge
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O&M Engineer
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Project Engineer Mechanical
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Operations Engineer
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Mahanagar Gas News
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Mahanagar Gas To Clock 13% Volume Growth In FY25, Says Managing Director Singhal
- State-owned Mahanagar Gas Ltd. is on track to achieve a 13% volume growth for FY25, with 11% growth already recorded in the first nine months.
- The company aims to achieve at least double-digit annual volume growth over the next three years.
- Mahanagar Gas is planning a new scheme to offer buyers of diesel vehicles up to 50% of the cost difference between a diesel and a CNG variant as an incentive to promote CNG adoption.
- Mahanagar Gas added 50 stations last year and plans to add more infrastructure and pipelines in the future.
Bloomberg Quint | 8 Mar, 2025
Mahanagar Gas to scout for more contracts by 2025-end as consumption increases
- Mahanagar Gas Limited (MGL) plans to scout for more contracts by 2025-end or next fiscal year to meet the increasing consumption of compressed natural gas (CNG) and piped natural gas (PNG).
- MGL currently supplies CNG to around 10.97 lakh vehicles and PNG to around 26.82 lakh households in the Mumbai region.
- The company expects a 10% growth in gas consumption and plans to add 0.4 mscmd (million standard cubic meters per day) every year.
- MGL is expanding its infrastructure by adding more pipelines, LNG stations, and opening stations for LNG-powered heavy commercial vehicles.
HinduBusinessLine | 18 Feb, 2025
Despite cut in gas allocation, city gas distributors register decent volume growth in Q3
- Mahanagar Gas, Indraprastha Gas, and Adani Total Gas register decent volume growth in Q3.
- The cut in APM gas allocation leads to rise in gas costs and fall in net realisation for CGD companies.
- CGD companies show resilience with measures such as sourcing alternative gas options and signing agreements.
- Optimism for improvement in Q4 as APM allocation to CNG segment is set to increase.
HinduBusinessLine | 30 Jan, 2025
Mahanagar Gas Q3 Review — Strong Result Amid Tough Conditions; Systematix Upgrades The Stock To 'Buy'
- Mahanagar Gas Q3 net profit declined 29% YoY to Rs 2.25 billion, better than estimated Rs 2.0 billion.
- Systematix Institutional Equities upgrades Mahanagar Gas stock to 'Buy' with revised target price of Rs 1,573.
- Mahanagar Gas focuses on expanding customer conversions, optimizing sourcing, and enhancing infrastructure.
- Systematix upgrades the stock due to the sharp correction and sets PER of 13x FY26E.
Bloomberg Quint | 30 Jan, 2025
Q3 Earnings Impact: Bajaj Auto, BHEL, JSW Energy, Mahanagar Gas, Suzlon Energy Shares React
- Bajaj Auto shares rose nearly 5% after reporting a 3% rise in net profit to Rs 2,108.73 crore.
- JSW Energy shares opened in the negative after a 27% fall in profit to Rs 168 crore.
- BHEL shares rose nearly 5% after reporting a two-fold rise in profit to Rs 135 crore.
- Mahanagar Gas saw a fall with the profit falling 20.3% to Rs 225 crore.
Bloomberg Quint | 29 Jan, 2025
Raymond, Azad Engineering To Mahanagar Gas — These Companies Will Trade T+0 From Jan. 31
- Raymond Ltd., Azad Engineering Ltd., and Mahanagar Gas Ltd. are among the 100 companies eligible for T+0 settlement from Jan. 31.
- The T+0 settlement cycle, allowing shares to be credited on the same day of trade, will be implemented in a phased manner.
- Allied Blenders and Distillers Ltd., Aether Industries Ltd., Akums Drugs and Pharmaceuticals Ltd., Ceat Ltd., Edelweiss Financial Services Ltd. and Glenmark Life Sciences Ltd. are also part of the first phase of T+0 settlement.
- The T+0 settlement cycle aims to bring cost and time efficiency, transparency in charges, and strengthen risk management at clearing corporations.
Bloomberg Quint | 22 Jan, 2025
Mahanagar Gas Board To Consider Interim Dividend On Jan. 28
- Mahanagar Gas Ltd. board to consider interim dividend on Jan. 28.
- Record date for determining eligible shareholders is Jan. 31, 2025.
- Board will also approve results of Q3 FY25 on Jan. 28.
- Gas distribution company plans to appeal a tax demand order.
Bloomberg Quint | 20 Jan, 2025
IBC to set up lithium-ion gigafactory in Karnataka with an initial investment of ₹390 cr
- IBC, in partnership with Mahanagar Gas Limited, will set up a lithium-ion gigafactory in Karnataka.
- The facility will have an initial investment of ₹390 crore and is expected to be operational within the next nine months.
- The manufacturing facility will be located in the KIADB ITIR industrial area in Devanahalli.
- The factory will produce batteries for two-wheelers, three-wheelers, and other vehicles, and will export 20% of its battery production to the US and European countries.
HinduBusinessLine | 15 Jan, 2025
Stock Of The Day: MGL Needs More Than Morgan Stanley's New Target To Exit 'Bearish' Zone
- Mahanagar Gas Ltd. (MGL) received a new buy rating from Morgan Stanley with a 25% upside potential.
- The stock rose over 4% in early trade after the initiation of coverage by the global brokerage.
- However, the target price might not be enough to pull MGL out of the 'bearish' territory it has entered after a 45% decline from its 52-week high.
- Mumbai's growing population and its status as India's financial hub create a significant opportunity for MGL.
Bloomberg Quint | 14 Jan, 2025
India's Earnings Per Share Growth Outlook Robust, Says Citi; Picks Kotak Bank, HUL, Mahanagar Gas
- India's earnings per share growth outlook remains robust and at low risk, according to Citi Research.
- Citi Research prefers large-cap companies over mid and small-caps due to better valuation and asset quality.
- Kotak Bank, HUL, Mahanagar Gas, and Shree Cement are the top large-cap picks by Citi Research for CY25.
- Citi Research expects a sharp recovery in the second half of FY25 and improved credit growth in the second half of the current financial year.
Bloomberg Quint | 8 Jan, 2025
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Mahanagar Gas Offices
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Mahanagar Gas FAQs
When was Mahanagar Gas founded?
Mahanagar Gas was founded in 1995. The company has been operating for 30 years primarily in the Oil & Gas sector.
Where is the Mahanagar Gas headquarters located?
Mahanagar Gas is headquartered in Mumbai, Maharashtra. It operates in 2 cities such as Mumbai, Thane. To explore all the office locations, visit Mahanagar Gas locations.
How many employees does Mahanagar Gas have in India?
Mahanagar Gas currently has more than 500+ employees in India. Construction & Site Engineering department appears to have the highest employee count in Mahanagar Gas based on the number of reviews submitted on AmbitionBox.
Does Mahanagar Gas have good work-life balance?
Mahanagar Gas has a work-life balance rating of 4.1 out of 5 based on 300+ employee reviews on AmbitionBox. 79% employees rated Mahanagar Gas 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Mahanagar Gas work-life balance reviews for more details
Is Mahanagar Gas good for career growth?
Career growth at Mahanagar Gas is rated as moderate, with a promotions and appraisal rating of 3.3. 21% employees rated Mahanagar Gas 3 or below, while 79% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Mahanagar Gas promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Mahanagar Gas?
Working at Mahanagar Gas comes with several advantages and disadvantages. It is highly rated for job security, work life balance and company culture. However, it is poorly rated for promotions / appraisal, based on 300+ employee reviews on AmbitionBox.
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