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Mahanagar Gas
4.2
based on 431 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
4.2/5
based on 431 reviews
8% above
industry average
Highly rated for
Job security, Work-life balance, Company culture
Critically rated for
Promotions
Work Policy
Work from office
85% employees reported
Monday to Friday
47% employees reported
Flexible timing
56% 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 431 reviews
Overall Rating
4.2/5
How AmbitionBox ratings work?
5
219
4
121
3
49
2
16
1
26
Category Ratings
4.0
Job security
4.0
Work-life balance
3.9
Company culture
3.9
Salary
3.8
Work satisfaction
3.7
Skill development
3.3
Promotions
Mahanagar Gas is rated 4.2 out of 5 stars on AmbitionBox, based on 431 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 408 reviews
4.2
Rated by 26 Women
Rated 4.6 for Job security and 4.3 for Work-life balance
4.2
Rated by 382 Men
Rated 4.0 for Work-life balance and 3.9 for Company culture
Work Policy at Mahanagar Gas
based on 57 reviews in last 6 months
Work from office
85%
Hybrid
12%
Permanent work from home
3%
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 | 4.2/5 based on 431 reviews | 4.1/5 based on 1.8k reviews | 4.2/5 based on 1.5k reviews | 4.4/5 based on 3.2k reviews |
Highly Rated for | Work-life balance Job security Salary | Skill development Company culture Work-life balance | Salary Job security Skill development | 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 85% employees reported | Work from office 80% employees reported | Work from office 81% employees reported | Work from office 76% employees reported |
Rating by Women Employees | 4.2 Good rated by 26 women | 4.2 Good rated by 179 women | 4.2 Good rated by 190 women | 4.5 Good rated by 284 women |
Rating by Men Employees | 4.2 Good rated by 382 men | 4.1 Good rated by 1.5k men | 4.2 Good rated by 1.2k men | 4.4 Good rated by 2.6k men |
Job security | 4.0 Good | 3.8 Good | 4.1 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 431 employees.
Project Engineer
(446 salaries)
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₹3 L/yr - ₹4.8 L/yr
Deputy Manager
(94 salaries)
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₹12.7 L/yr - ₹22.6 L/yr
Third Party Engineer
(58 salaries)
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₹3.2 L/yr - ₹4 L/yr
Site Engineer
(36 salaries)
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₹2.4 L/yr - ₹4.6 L/yr
Project Engineer Mechanical
(33 salaries)
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₹2.5 L/yr - ₹4.3 L/yr
Safety Officer
(30 salaries)
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₹2 L/yr - ₹5.8 L/yr
Site Supervisor
(22 salaries)
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₹1.2 L/yr - ₹3.4 L/yr
Project Manager
(20 salaries)
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₹3.3 L/yr - ₹21.7 L/yr
Inspection Engineer
(19 salaries)
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₹2.7 L/yr - ₹4.5 L/yr
Operation & Maintenance Engineer
(19 salaries)
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₹3.4 L/yr - ₹4.5 L/yr
Mahanagar Gas Interview Questions
Mahanagar Gas Jobs
Popular Designations Mahanagar Gas Hires for
Project Engineer Mechanical
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Operations Engineer
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Mahanagar Gas News
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Mahanagar Gas Starts Facility Where Customers Can Text Their Meter Readings And Generate Bills
- Mahanagar Gas has introduced a new facility where domestic customers can send their meter readings via WhatsApp for bill generation.
- Customers can now send a photo of their PNG meter displaying the reading and meter number to MGL's official WhatsApp account to ensure accurate and timely billing.
Bloomberg Quint | 3 Jul, 2025
Mahanagar Gas Upgraded To 'Buy' As It Offers Better Growth At Attractive Valuation, Says Nomura
- Nomura has upgraded Mahanagar Gas Ltd. to a 'buy' rating from 'neutral', setting a target price of Rs 1,680 per share.
- The upgrade is based on MGL's better growth prospects and attractive valuation compared to its peers.
- Key factors for the upgrade include strong expected volume growth and limited exposure to volatile industrial and commercial segments.
- Challenges posed by the recent 18-20% reduction in gas allocation under the Administered Price Mechanism were addressed in the report.
- Despite the allocation cut affecting supply of cheap APM gas for priority sectors like CNG and domestic PNG, MGL and IGL managed to mitigate the challenge with price hikes.
- Gujarat Gas Ltd. faced challenges in the industrial and commercial segment due to low-cost propane gas and limited room for CNG business growth.
- State policies promoting electric vehicle adoption continue to pressure CNG growth, with potential policy actions targeting CNG vehicles in Delhi.
- Inclusion of natural gas under the GST regime could benefit businesses by streamlining tax structure and potentially reducing tax burden.
- Nomura prefers MGL as its top pick due to highest expected volume growth and attractive valuation, while GGL is the least preferred pick.
Bloomberg Quint | 17 Jun, 2025
Stock Recommendations Today: Tata Motors, BSE, Devyani International On Brokerages' Radar
- Top companies like Tata Motors, BSE, and Devyani International are on brokerages' radar with various analyst calls highlighted.
- Morgan Stanley forecasts a gradual earnings turnaround for Tata Motors, with potential earnings downgrades in FY26.
- HSBC's India strategy predicts a significant boost in discretionary consumption over the next 18-24 months due to various factors like tax cuts and lower interest rates.
- JPMorgan maintains an Overweight rating for Devyani International, with a target price of Rs 190, expecting growth in KFC stores.
- Citi initiates a Buy rating for Max Life with a target price of Rs 1,840, emphasizing its market share potential and diversified strategy.
- CLSA notes a positive price increase trend in the cement industry and forecasts volume and profit pool expansion driven by Ebitda growth.
- Jefferies recommends a Buy for Navin Fluorine with a target price of Rs 5,280, citing growth prospects from new contracts.
- Goldman Sachs maintains a Neutral view on BSE but raises the target price, citing key catalysts like options trading volume.
- Jefferies cuts the target price for Tata Motors to Rs 600, recognizing challenges in the India CV demand and JLR businesses.
- Nomura offers varied ratings for City Gas Distribution companies like MGL (Upgrade to Buy), IGL (Maintain Neutral), and Gujarat Gas (Maintain Reduce) based on near-term challenges and growth prospects.
Bloomberg Quint | 17 Jun, 2025
Mumbai's 125 Billion-Mile Gas Gamble — Mahanagar Gas Set To Ride CNG Demand Boom, Says Morgan Stanley
- Mumbai's largest city gas distributor, Mahanagar Gas Ltd. (MGL), is positioned to benefit from the significant rise in natural gas demand due to expanding transport network.
- Increased reliance on natural gas for transport in Mumbai indicates the city is entering a natural gas supercycle, with MGL primed to capitalize on this opportunity.
- Morgan Stanley forecasts that MGL's infrastructure development in natural gas is set to intensify, with plans to augment the city gas infrastructure by 1.5 to 2 times over the next five years.
- Key growth drivers for MGL include focusing on Raigad as a growth hub, catering to the upcoming Navi Mumbai International Airport, expanding beyond Mumbai, and strategic LNG refueling initiatives.
Bloomberg Quint | 10 Jun, 2025
Mahanagar Gas Remains Motilal Oswal's Preferred Pick Among CGDs — Here's Why
- Mahanagar Gas recently hosted an analyst meet where management reaffirmed its 10%+ YoY volume growth guidance for the next 2-3 years, with I&C-PNG/CNG volumes projected to grow at 20%/9%+ YoY.
- Mahanagar Gas' stock currently trades at 11x FY27E SA P/E, with its share price having dropped by ~30% in the last eight months to reach this level.
- The decline in Mahanagar Gas' stock price was attributed to margin pressures due to higher raw material costs, alongside APM de-allocations and uncertainty regarding future APM allocation.
Bloomberg Quint | 9 Jun, 2025
Indian oil & gas sector to see strong growth through FY26–FY27: Systematix
- Indian oil & gas sector companies are projected to achieve growth in sales, EBITDA, and PAT for FY26E and FY27E according to Systematix.
- Top investment picks recommended by Systematix include Reliance Industries Ltd (RIL), GAIL India Ltd (GAIL), Mahanagar Gas Ltd (MGL), and Gulf Oil Lubricants India Ltd (GOLI).
- Volatility in the market was observed due to fluctuating crude prices, offset by a strong rebound in refining margins.
- In the fourth quarter of FY25, the oil and gas sector experienced a slight year-on-year earnings decline but showed a sequential increase, with gas and CGD companies surpassing revenue estimates.
HinduBusinessLine | 9 Jun, 2025
Himadri Speciality Chemical to acquire 16.24% stake in US-based International Battery Company
- Himadri Speciality Chemical has announced the acquisition of a 16.24% stake in US-based International Battery Company, marking the start of commercial deployment of its LFP Cathode active and anode materials.
- The investment gives Himadri access to IBC's manufacturing infrastructure in South Korea and its upcoming Gigafactory in Bengaluru. Himadri will also have a representation on IBC's board.
- International Battery Company is known for its prismatic cell technologies and operates a lithium-ion battery cell facility in South Korea. It is developing a Gigafactory in Bengaluru through a Joint Venture with Mahanagar Gas Limited.
- Himadri's CEO views the partnership as a significant move into the LiB component materials market, influencing the future of sustainable energy. IBC's CEO sees the collaboration as an opportunity to accelerate innovation in cell technologies and meet the demands of mobility and energy storage sectors.
HinduBusinessLine | 22 May, 2025
Heard On The Street: Dealers Spot Action In GAIL, Adani Green, JSPL, IndiGo Among Others
- Indian markets witness muted trade on Tuesday, with Sensex and Nifty trading near day's lows.
- The 'Heard On The Street' segment highlighted buzzing action on stocks like GAIL, Adani Green, JSPL, IndiGo, Inox Wind, IGL, and MGL.
- Dealing rooms suggest buying GAIL and Adani Green, while selling JSPL based on technical levels.
- Noteworthy mentions include potential block deal by InterGlobe Aviation's promoter, accumulation of Inox Wind by HNIs, and buzz of gas allocation cut for IGL and MGL.
Bloomberg Quint | 20 May, 2025
Mahanagar Gas Q4 Results Review: Systematix Retains 'Buy', Hikes Target Price On Attractive Valuations
- Systematix Institutional Equities retains 'Buy' on Mahanagar Gas and increases target price on attractive valuations.
- Mahanagar Gas' stock is trading at a compelling valuation of 11.5x on FY27E compared to the long-term average multiple of 14x as per Systematix.
- Adjusted Ebitda/PAT for Mahanagar Gas missed estimates in Q4 FY25 after adjusting the reversal of provision of Rs 633 million.
- Stock price increased by 11% since Systematix's last upgrade, driven by APM allocation revision, price hikes, and lower spot LNG price. Forecasted growth includes 6.8% volume CAGR, 9.7% Ebitda CAGR, and 7.5% PAT CAGR during FY25-FY27E.
Bloomberg Quint | 8 May, 2025
Six Stocks In News At Noon: BSE, HAL, Paytm Among Others
- Benchmark equity indices were trading mixed, with NSE Nifty 50 up by 0.07% and Sensex 0.13% lower around noon.
- BSE's share price surged nearly 10% with net profit increasing substantially in Q4; announced dividends to commemorate its 150th anniversary.
- HAL's share price fluctuated amid India-Pakistan tensions; Aarti Drugs, Paytm, Piramal Enterprises, and MGL witnessed significant stock movements around midday.
- Aarti Drugs saw a 17% increase in share price post Q4 results; Paytm reported improved profitability, Piramal Enterprises beat net income estimates, and MGL met profit estimates in standalone Q4 results.
Bloomberg Quint | 7 May, 2025
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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 approximately 500+ employees in India.
Does Mahanagar Gas have good work-life balance?
Mahanagar Gas has a work-life balance rating of 4.0 out of 5 based on 400+ 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 and skill development, based on 400+ employee reviews on AmbitionBox.
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