Name

Torrent Gas

Legal name

Torrent Gas Limited

Website

https://torrentgas.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

City Gas Distribution

NAICS

Natural Gas Distribution (2212), Natural Gas Distribution (221210), Pipeline Transportation of Natural Gas (48621)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Gas Mains (Distribution Pipelines) (EUAJABAA)

Keywords

• City gas distribution
• Compressed natural gas
• Piped natural gas
• CNG refueling stations
• Natural gas distribution

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. CNG Sales (Vehicle Fuel): Torrent Gas operates CNG refueling stations dispensing compressed natural gas to vehicle owners (auto-rickshaws, cars, buses, commercial vehicles). Revenue is generated through per-kilogram sales of CNG at retail stations. Prices are revised periodically based on domestic natural gas input costs and global market conditions.
2. Domestic PNG (Household Gas Connections): The company provides piped natural gas connections to households for cooking and other domestic uses. Revenue comes from gas consumption billing on a bi-monthly basis using actual meter readings, plus connection fees under two scheme options (Full Payment and EMI). Domestic PNG connections number over 2 lakh across operational districts.
3. Industrial PNG (Manufacturing & Process Fuel): Torrent Gas supplies PNG to industrial units for applications including boilers, furnaces, ovens, hot water generators, thermic fluid heaters, gas turbines for power generation, and Vapour Absorption Machines (VAM) for heating and cooling. Billing is fortnightly, and pricing is declared fortnightly at least seven days in advance. Two contract types are offered: MGO (minimum gas obligation) and Non-MGO (pay-per-consumption).
4. Commercial PNG (Hotels, Restaurants, Institutions): PNG supply to commercial establishments ranging from small tea stalls to large restaurants, hospitals, and hotels. Natural gas is used for cooking, space heating, air conditioning (gas-driven systems), refrigeration, and power generation. Revenue is usage-based with billing at agreed tariff rates.
5. IPO Proceeds (Planned): Torrent Gas is preparing for an IPO through the SEBI confidential pre-filing route. The offering may raise up to $450 million, with proceeds targeted for capital expenditure (expansion of CGD infrastructure) and debt reduction. Upon listing, Torrent Gas will become the third listed entity under the Torrent Group, joining Torrent Pharmaceuticals and Torrent Power.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Torrent Gas distributes natural gas to end users through two main channels: compressed natural gas (CNG) dispensed at 500+ refueling stations for vehicle owners, and piped natural gas (PNG) delivered via underground pipeline networks to domestic households, commercial establishments, and industrial units. The company serves over 2 lakh domestic PNG connections and 1,300+ industrial/commercial customers across 34 districts in seven Indian states and one union territory, operating under PNGRB authorization as the city gas distribution arm of the Torrent Group.

Product overview

Torrent Gas operates as an integrated city gas distribution (CGD) business providing compressed natural gas (CNG) for vehicles and piped natural gas (PNG) across domestic, industrial, and commercial segments. The company's core offerings include CNG refueling stations serving automotive users, domestic PNG connections for household cooking, industrial PNG for manufacturing processes, and commercial PNG for businesses. The portfolio is supported by the Torrent Gas Connect mobile application enabling customer self-service. Operations span 34 districts across seven states and one union territory in India, with the company being one of the leading CGD operators in India to utilize compressed bio-gas.

Differentiator

Problem solved

Functional benefit

Products and services

• Compressed Natural Gas (CNG) Compressed natural gas dispensed at 500+ refueling stations (200 Kg/cm2) for use as automobile fuel by vehicle owners including auto-rickshaws, cars, buses, taxis, and commercial vehicles. Marketed as an economical and eco-friendly alternative to petrol, diesel, and auto LPG.
• Domestic Piped Natural Gas (PNG) Piped natural gas delivered through underground pipeline connections to households for cooking and other domestic purposes. Provides 24x7 uninterrupted supply, meter-based bi-monthly billing, and eliminates LPG cylinder booking, storage, and pilferage. Available in Full Payment (₹6,090) and EMI (₹590 upfront + 13 bi-monthly installments of ₹500) schemes.
• Industrial Piped Natural Gas (PNG) Piped natural gas supplied to industrial units for boilers, furnaces, ovens, hot water generators, thermic fluid heaters, gas turbines for power generation, and Vapour Absorption Machines (VAM) for heating and cooling. Used across metal, glass, ceramic, F&B, pharma, textile, FMCG, and printing industries. Available in MGO (minimum gas obligation) and Non-MGO (pay-per-consumption) contracts with fortnightly pricing and billing.
• Commercial Piped Natural Gas (PNG) Piped natural gas supplied to commercial establishments ranging from small tea stalls to large restaurants, hotels, hospitals, and educational institutions. Used for cooking, space heating, air conditioning (gas-driven systems), refrigeration, and power generation. No statutory compliance required from the customer's side; billing is usage-based per MMBTU/SCM.
• Torrent Gas Connect Mobile App Mobile application on iOS and Android enabling customers to apply for new PNG connections, pay gas bills, check application status, locate CNG stations, calculate CNG savings, and report emergencies.
• CNG Station Franchisee Program Franchisee program enabling individuals and businesses to set up CNG refueling stations under the Torrent Gas brand, with company support on infrastructure, gas supply, and operations.

Quantifiable outcome

• CNG is up to 43% cheaper than petrol, enabled by the PNGRB Unified Tariff Order effective January 1, 2026
• +4 more outcomes

Named customers4 records

Segments4 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

Two partnerships are on record, tiered core and minor.

• SETC (State Express Transport Corporation), Tamil NaducoreStrategic or Co-development Partner · 6 March 2026SETC (State Express Transport Corporation), a government transport corporation under the Tamil Nadu state government, partnered with Torrent Gas to commission a CNG refueling station at the Nagapattinam depot. The initiative is part of efforts to promote green mobility in the state, with approximately 70 SETC buses transitioning from diesel to CNG in the first phase. The station serves public transport buses, private vehicles, and commercial vehicles, aiming to improve fuel efficiency, reduce operating costs, and cut carbon emissions.
• Indian Gas Exchange (IGX)minorOthers · 7 January 2026Torrent Gas holds a minority equity stake in Indian Gas Exchange (IGX), India's first automated national-level gas exchange. IGX operates six regional hubs and over 20 delivery points for natural gas trading. Torrent Gas is one of several gas sector entities (alongside GAIL, ONGC, IOCL, Adani Gas) that hold minority stakes in IGX, alongside parent companies IEX (47%) and NSE (~26%).

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Indraprastha Gas Limited (IGL): India's largest CGD operator serving Delhi NCR with CNG and PNG across domestic, commercial, and industrial segments. Direct peer to Torrent Gas with identical business model and PNGRB-regulated structure, but with significantly larger metro-scale footprint and customer base.
• Mahanagar Gas Limited (MGL): Mumbai-listed CGD player serving Mumbai and surrounding regions with CNG and PNG. Closely comparable to Torrent Gas in product mix (CNG + domestic/industrial/commercial PNG) and business model, though concentrated in a single metro area versus Torrent Gas's multi-state geographic spread.
• Adani Total Gas (now Adani Gas): Pan-India CGD operator and joint venture between Adani Group and TotalEnergies, operating CNG and PNG networks across multiple states. Competes directly with Torrent Gas for PNGRB-authorized GAs and has overlapping geographic presence in several Tier 2/3 cities.
• GAIL Gas Limited: Subsidiary of GAIL (India) Limited, the largest state-owned natural gas company, operating CGD networks across India. Directly comparable CGD business model with the added advantage of upstream parent integration and government backing.
• Gujarat Gas Limited: India's largest CGD player by volume, headquartered in Gujarat, serving domestic, commercial, industrial, and CNG segments. Sibling entity under broader Torrent Group exposure and closest comparable in scale to Torrent Gas's industrial-heavy mix in Gujarat districts.
• Sabarmati Gas Limited: Subsidiary of Gujarat State Petronet operating CGD networks in Gujarat and Rajasthan. Direct competitor in adjacent GAs to Torrent Gas's Gujarat/Rajasthan operations, with similar end-customer mix across CNG, domestic PNG, and industrial PNG.
• Maharashtra Natural Gas Limited (MNGL): Joint venture between GAIL Gas and BPCL operating CGD in Pune and other Maharashtra districts. Direct competitor to Torrent Gas in Maharashtra — confirms the multi-operator overlap noted in Pune district where both serve alongside each other.
• Central UP Gas Limited (CUGL): JV between GAIL Gas and BPCL operating CNG and PNG in Kanpur and other Uttar Pradesh districts. Directly competes with Torrent Gas in UP territory, with Kanpur district showing the split urban-rural division between the two operators.

Emerging players

• AG&P Pratham: Emerging private CGD operator focused on Tier 2 and Tier 3 city expansion across India with international backers. Comparable in scale and segment focus to Torrent Gas, though with thinner geographic authorization and operating history.
• Think Gas (City Energy): Emerging private CGD player competing for PNGRB GA authorizations in Tier 2/3 cities, recently commissioned CNG stations in multiple states. Comparable targeting of mid-India CGD markets where Torrent Gas also operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/torrent-gas-private-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Torrent Gas