Confidence Group

What Confidence Group does

Confidence Petroleum India Limited (CPIL), operating as Confidence Group, is a publicly listed Indian energy and gas-cylinder manufacturing company headquartered in Nagpur, Maharashtra. Founded in 1993, the group operates across the LPG and CNG value chain through four core subsidiaries: Confidence Futuristic Energetech Limited (CFEL) for LPG/CNG distribution and dealer network; Confidence Enterprises Private Limited (CEPL) for high-pressure industrial cylinders and CNG/CBG cascades; Silver Sky Exim Private Limited for India's first Type-4 carbon fiber composite cylinders (working pressures up to 700 BAR); and Sarju Impex Limited (acquired June 2021) for high-pressure industrial and CNG cylinders with global reach across five continents. The group's physical infrastructure spans 15 cylinder manufacturing plants, 68+ LPG bottling and blending plants, 470+ road vehicles and tankers, 295+ Auto LPG dispensing stations, 50+ company-operated CNG stations, and a network of 2,500+ LPG dealers across India.

Confidence Group's product portfolio is anchored in LPG cylinders (household, commercial, industrial), bulk LPG supply to industrial customers (ceramics, steel, food processing, glass), CNG/auto LPG dispensing station operations in partnership with GAIL Gas and oil PSUs, and high-pressure industrial gas cylinders for nitrogen, oxygen, helium, argon, hydrogen, and CNG applications. Core technology differentiation comes from pioneering India's first fibre-body composite LPG cylinders and Type-4 carbon fiber composite cylinders, with advanced surface treatment (shot blasting, zinc coating, powder coating) and high-pressure testing capability up to 1200 Bar. The company holds ISO 9001 certifications across CEPL, Sarju Impex, and Silver Sky.

The business model is hybrid hardware-plus-transaction-fee. Revenue streams include hardware sales of LPG cylinders to households, commercial buyers, and government oil PSUs (BPCL, HPCL, IOCL); bulk LPG supply to industrial customers via ports at Jaigarh and Mundra; transaction-based revenue from company-operated CNG and Auto LPG fueling stations; and high-pressure industrial gas cylinder sales to industrial customers. Enterprise customers include JSW, Saint-Gobain, Haldiram, Kajaria, Siemens, TVS Motors, Thermax, MNGL, and Hydac. Pricing is quote-based and not publicly disclosed. Group-level turnover is approximately ₹2,200 Crore. The company is listed on NSE and BSE.

Name

Confidence Group

Legal name

Confidence Petroleum India Limited

Website

https://confidencegroup.co

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Confidence Petroleum India Limited (Confidence Group) is a publicly listed Indian energy company manufacturing LPG and high-pressure industrial gas cylinders and operating LPG distribution, Auto LPG, and CNG fueling infrastructure across India through wholly-owned subsidiaries including CEPL, Silver Sky, and Sarju Impex.

Ownership category

akta.pro rank

Product category

LPG and CNG Products Manufacturing & Distribution

NAICS

Industrial Gas Manufacturing (32512)

SIC

Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro primary industry

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

akta.pro secondary industries

NGLs & LPG Trading & Marketing (EUAGAAAE), CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

Keywords

• LPG cylinder manufacturing
• CNG station operations
• Bulk LPG supply
• Industrial gas cylinders
• Auto LPG dispensing

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. LPG Cylinder Manufacturing & Sales: Manufacturing and selling LPG cylinders to households, commercial entities, and government oil companies (BPCL, HPCL, IOCL).
2. Bulk LPG Supply: Bulk LPG supply to industrial customers including ceramic, steel, food processing, and glass industries through Jaigarh and Mundra ports.
3. CNG Station Operations: Operating CNG fueling stations in partnership with GAIL Gas India, serving vehicle owners in Bangalore, Karnataka.
4. Auto LPG Dispensing Stations: Operating Auto LPG dispensing stations across India for vehicle refueling.
5. Industrial Gas Cylinders: Manufacturing high-pressure industrial gas cylinders for nitrogen, oxygen, helium, argon, CNG, and hydrogen applications.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Confidence Group manufactures LPG cylinders and high-pressure industrial gas cylinders, operates CNG and Auto LPG fueling stations, and supplies bulk LPG to industrial customers. The company runs a 2,500+ LPG dealer network across India, with 15 cylinder manufacturing plants, 68+ bottling/blending plants, and 470+ road vehicles/tankers supporting an integrated manufacturing-to-retail distribution model. It pioneered India's first fibre-body composite cylinders and Type 4 carbon fiber composite cylinders for CNG and hydrogen storage.

Product overview

Confidence Group (Confidence Petroleum India Ltd) operates a diversified energy and manufacturing portfolio through its subsidiaries. The core offerings include Bulk LPG solutions and LPG Cylinder Manufacturing for industrial/commercial customers, while CNG Stations are operated through CFEL (Confidence Futuristic Energy Solutions Ltd). The Gogas brand encompasses two divisions: PCD (Packed Cylinder Division) for domestic/commercial LPG, and ALDS (Auto LPG Dispensing Station) for vehicular fuel. Manufacturing subsidiaries include CEPL (high-pressure industrial cylinders and CNG/CBG cascades), Silver Sky (Type 4 carbon fiber composite gas cylinders - India's first), and Sarju Impex (acquired 2021, high-pressure gas cylinders for CNG and industrial use).

Differentiator

Problem solved

Functional benefit

Brands

• Confidence Enterprises: High-pressure industrial cylinder manufacturing subsidiary producing cylinders for nitrogen, oxygen, helium, argon and CNG/CBG applications
• Silver Sky
• Sarju Impex (SIL)
• GoGas
• GoBike

Products and services

• LPG Cylinder Manufacturing Manufacturing of LPG cylinders for domestic, commercial, and industrial use. Supplies 2,500+ LPG dealers across India and major oil PSU procurement contracts. Pioneered India's first fibre-body composite cylinders.
• Bulk LPG Solutions Bulk LPG storage and distribution solutions for industrial and commercial customers including large manufacturing facilities in ceramics, steel, food processing, and glass sectors. Customers include JSW, Saint-Gobain, Kajaria, Haldiram, and others.
• CNG Stations Compressed Natural Gas (CNG) fueling stations operated across India for vehicular fuel, managed under CFEL subsidiary. 50+ stations operational in Bangalore, Karnataka in partnership with GAIL Gas India, with plans for 100+ stations.
• Auto LPG Dispensing Stations (Gogas ALDS) Auto LPG dispensing stations for vehicular fuel applications under the Gogas brand (GoGas ALDS). 295+ stations across India serving vehicle owners using LPG as alternative fuel. Includes GoBike sub-brand for two-wheelers.
• High-Pressure Industrial Cylinders (CEPL) High-pressure industrial cylinders for nitrogen, oxygen, helium, argon, CNG, and hydrogen applications. Manufactures onboard cylinders, CNG/CBG cascades, and mobile refueling units (MRUs). Customers include Siemens, TVS Motors, Hydac, Thermax, Atul Cryogenics, MNGL. Annual production capacity of 3,00,000 cylinders at CEPL facility in MIDC Umrer.
• Silver Sky Type 4 Carbon Fiber Composite Cylinders India's first Type 4 carbon fiber composite gas cylinders for CNG and hydrogen storage applications. Working pressures up to 700 BAR and water capacities up to 320 liters. Targeted at next-generation clean fuel transport applications including hydrogen mobility.
• Sarju Impex High-Pressure Gas Cylinders High-pressure gas cylinder manufacturing for CNG and industrial applications. Global operations spanning five continents with annual production capacity of 300,000 cylinders and cumulative sales of 450,000+ cylinders globally. Manufacturing located at Dahej SEZ, Bharuch.

Quantifiable outcome

• Approximately ₹2200 Crore turnover
• +1 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• GAIL Gas IndiacoreStrategic or Co-development Partner · 1 March 2021Strategic partnership between Confidence Petroleum India Ltd and GAIL Gas India to establish 100+ CNG stations in Bangalore, Karnataka. GAIL Gas provides reliable and uninterrupted CNG supply through its extensive natural gas transmission network, while CPIL contributes high-quality seamless CNG cylinders, cascades, and operational expertise.
• Avantika Gas LimitedcoreStrategic or Co-development PartnerConfidence Group secured contract from Avantika Gas Limited for setting up CNG Mobile Refueling Unit (MRU), expanding city gas distribution operations.
• BPCLcoreChannel Partner/ Reseller/ DistributorMajor supply contract for CNG cascades (Type-I) - received order for 200 units for Bharat Petroleum Corporation Limited. Also received LOA for 75 units of CNG cascades for BPCL BGRL City Gas Distribution Project.
• IOCLcoreChannel Partner/ Reseller/ DistributorIndian Oil Corporation Limited - major customer for LPG cylinder supply through government procurement contracts.
• HPCLcoreChannel Partner/ Reseller/ DistributorHindustan Petroleum Corporation Limited - major customer for LPG cylinder supply through government procurement contracts.
• ThermaxminorChannel Partner/ Reseller/ DistributorCNG/CBG cascade supplier to Thermax for their city gas distribution projects.
• MNGLminorChannel Partner/ Reseller/ DistributorSub-award of MRU (Mobile Refueling Unit) for CNG distribution to MNGL (Mahanagar Gas Limited) operations.

Scale indicators12 records

Recent moves12 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CPILofficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Confidence Group