When was MNGL founded?

MNGL was founded in 2006 and raised its 1st funding round 9 years after it was founded.

Where is MNGL located?

MNGL is headquartered in Pune, India. It is registered at PLOT NO 27, NARVEER TANAJI WADI, PMT BUS DEPOT, COMMERCIAL BUILDING, FIRST FLOOR, SHIVAJ, I NAGAR, PUNE, Maharashtra, India, 411005.

Which legal entities is MNGL associated with?

MNGL is associated with MAHARASHTRA NATURAL GAS LIMITED.

How many employees does MNGL have?

As of Aug 31, 2026, the latest employee count at MNGL is 252.

Is MNGL a funded company?

MNGL is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 13, 2015.

When was the latest funding round of MNGL?

MNGL's latest funding was a $***** Seed round on Jul 13, 2015, with participation from 1 investor.

What is the annual revenue of MNGL?

Annual revenue of MNGL is more than ₹1,000 Cr as on Mar 31, 2025

Where does MNGL rank among its competitors?

MNGL ranks 10th amongst 321 active competitors, of which 11 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Gasrec, which secured an undisclosed amount in Dec, 2021.

Who are the top competitors of MNGL?

MNGL's top competitors include UGI Corporation, SGN and Aygaz. Among them, Gasrec secured the most recent funding round in December, 2021.

MNGL - 2026 Company Profile, Funding, Competitors & Financials

MNGL is a seed company based in Pune (India), founded in 2006. It operates as a Fuel distribution company. MNGL has raised an undisclosed amount in funding from Indraprastha Gas Limited. The company has 321 active competitors, including 11 funded and 42 that have exited. Its top competitors include companies like UGI Corporation, SGN and Aygaz.

Company Details

Website: mngl.in
Social
Email ID: *****@mngl.in
Phone Number: +91 **********
Registered Address: PLOT NO 27, NARVEER TANAJI WADI, PMT BUS DEPOT, COMMERCIAL BUILDING, FIRST FLOOR, SHIVAJ, I NAGAR, PUNE, Maharashtra, India, 411005

Key Metrics

Founded Year

2006

Location

Pune, India

Stage

Seed

Latest Funding Round

Seed, Jul 13, 2015, $*****

Investors

Indraprastha Gas Limited & 1 more

Ranked

10^th among 321 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

252 as on Aug 31, 2026

Similar Companies

UGI Corporation & 329 more

View MNGL's full profile

MNGL is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MAHARASHTRA NATURAL GAS LIMITED CIN: U11102PN2006PLC021839 , India, Active	Jan 13, 2006	₹1,000+ Cr (As on Mar 31, 2025)	-

MNGL has raised funding over 1 round. Its latest funding round was a Seed round on Jul 13, 2015 for $*****. 1 investor participated in its latest round. MNGL has 2 institutional investors.

Here is the list of recent funding rounds of MNGL:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 13, 2015	2494496	Seed	4797324	5469115	2274284	8917126

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MNGL's employee count trend

MNGL has 252 employees as of Aug 26. Here is MNGL's employee count trend over the years:

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Top competitors of MNGL include UGI Corporation, SGN and Aygaz. Here is the list of Top 10 competitors of MNGL, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UGI Corporation 1882, Philadelphia (United States), Public	Energy corporation and LPG distributor	-	-	64/100
2nd	SGN 2005, Horley (United Kingdom), Series D	Operator of infrastructure for the distribution of natural gas supplies	$756M	OMERS Private Markets, ADIA & 5 others	63/100
3rd	Aygaz 1961, Istanbul (Turkey), Public	Integrated midstream and downstream LPG company	-	-	62/100
4th	Clean Energy Fuels 1997, Newport Beach (United States), Public	Provider of natural gas for transportation services	-	Leonard Green and Partners, Wider Sky & 5 others	60/100
5th	Parkland Fuel Corporation 1975, Calgary (Canada), Acquired	Fuel and petroleum products distribution company	-	Opportunity Calgary Investment Fund	60/100
6th	Atmos Energy 1906, Dallas (United States), Public	Natural gas distribution service provider	-	USGS	59/100
7th	SK Gas 1985, Seongnam-si (South Korea), Public	Provider of LPG gas storage and distribution services	-	-	57/100
8th	Gasrec 2003, Northampton (United Kingdom), Seed	Natural gas and biogas distribution company	-	BP Ventures, Liuhe Zhiqian & 2 others	56/100
9th	TGS 1992, Buenos Aires (Argentina), Public	Natural gas transmission company	-	-	54/100
10th	MNGL 2006, Pune (India), Seed	Fuel distribution company	-	Indraprastha Gas Limited & 1 others	52/100