HCG Group

What HCG Group does

HCG Group (legally Haryana City Gas Distribution Limited, also operating as Haryana City Gas and HCG Bentex Group) is an Indian City Gas Distribution company authorized by the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, build, operate, and expand natural gas distribution networks across more than 20 districts spanning Haryana, Maharashtra, Chhattisgarh, Meghalaya, and Puducherry. The group holds seven-plus GA authorizations, each providing 25-year exclusive operating rights, and executes them through wholly-owned operating subsidiaries including HCGDL (Gurugram-2), HCG KCE (Hisar), Haryana City Gas KCE (Jhajjar), HCG Nagpur, HCG Raipur, HCG Yanam, and HCG Meghalaya. The parent HCG Bentex Group also operates SKN-Bentex in electrical goods manufacturing.

The company's core product lines are Compressed Natural Gas (CNG) for vehicles, distributed through a network of 150 CNG filling stations under a mix of direct-operation, DODO dealership, and OMC co-location models with IOCL and BPCL, and Piped Natural Gas (PNG) delivered via underground pipeline infrastructure to domestic households (50,000+ connections), commercial establishments (hotels, restaurants, corporate canteens), and industrial customers (manufacturing, pharmaceutical, garment, food and beverage). Current pricing is Rs. 90.90 per kg for CNG and Rs. 51.50 per SCM for domestic PNG. Revenue is generated through usage-based billing on gas volumes plus one-time Last Mile Connectivity charges regulated by PNGRB, with a digital layer comprising the HCG Connect mobile app, customer portal, CNG savings calculator, and dropbox locator.

Leadership combines founding-family stewardship (Dr. Kapil Chopra as Chairman, Rahul Chopra as Managing Director) with deeply experienced oil and gas operators: CEO Asit Kumar Jana (ex-GAIL, former Chairman RGPPL, ex-MD Indraprastha Gas), President Deepak Sawant (ex-MD Maharashtra Natural Gas), and Directors Satpal Garg (former PNGRB Member, ex-ONGC Videsh Director Finance) and Rajeev Mathur (ex-Cairn India, ex-Mahanagar Gas MD). The group is family-controlled private with no disclosed external institutional investment or public listing.

Name

HCG Group

Legal name

Haryana City Gas Distribution Limited

Website

https://hcgonline.co.in

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

HCG Group is an Indian PNGRB-authorized City Gas Distribution operator delivering CNG and PNG across 20+ districts in Haryana, Maharashtra, Chhattisgarh, Meghalaya, and Puducherry, serving 50,000+ domestic households, commercial, industrial, and automotive customers through 150 CNG stations and underground pipeline networks.

Ownership category

akta.pro rank

Product category

City Gas Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (221210), Pipeline Transportation of Natural Gas (48621)

SIC

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

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industry

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

Keywords

• City gas distribution
• CNG supply
• PNG distribution
• Natural gas utility
• Gas pipeline network

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. CNG Sales: Sale of compressed natural gas as automotive fuel through company-owned and dealer-operated CNG stations across multiple geographical areas in India
2. PNG Sales: Sale of piped natural gas through pipeline infrastructure to domestic households, commercial establishments (hotels, restaurants, hospitals), and industrial customers. Revenue generated from gas consumption based on standard cubic meters (SCM) consumed plus network tariff charges
3. Last Mile Connectivity (LMC) Charges: Charges for last mile connectivity equipment and installation for PNG connections as defined under PNGRB regulations

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

HCG Group is a City Gas Distribution (CGD) company operating in India that distributes Compressed Natural Gas (CNG) for automotive use and Piped Natural Gas (PNG) for domestic, commercial, and industrial customers. The company delivers natural gas through its own pipeline infrastructure across its authorized geographical areas.

Product overview

HCG Group (Haryana City Gas / HCG Bentex Group) operates as a City Gas Distribution (CGD) company providing two primary product lines: CNG (Compressed Natural Gas) for vehicles through a network of CNG filling stations, and PNG (Piped Natural Gas) delivered via underground pipeline infrastructure to domestic households, commercial establishments, and industrial customers. The company operates under Haryana City Gas Distribution Limited and subsidiary entities across multiple authorized Geographical Areas (GAs) in India. The portfolio includes physical fuel products (CNG, PNG in domestic/commercial/industrial variants), supporting infrastructure (pipeline networks, CNG stations), digital services (customer portal, mobile app, savings calculator, dropbox locator), and business programs (CNG dealership DODO model).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Operational cost reduction of 68% compared to petrol and 36% compared to diesel for CNG vehicles
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• GAIL IndiacoreStrategic or Co-development Partner · 27 February 2026GAIL India partnership for natural gas infrastructure development in Raipur. HCG Raipur Private Limited developed the City Gas Infrastructure Project with support from GAIL India, the national gas transmission utility.
• Bharat Petroleum Corporation Limited (BPCL)coreChannel Partner/ Reseller/ Distributor · 30 December 2025BPCL partnership for CNG station operations. The first CNG station under this collaboration was inaugurated on December 30, 2025. BPCL provides the retail outlet infrastructure while HCG supplies and manages the CNG operations.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mahanagar Gas Limited (MGL): Listed CGD operator supplying PNG and CNG across Mumbai, Thane and Raigad. Closest direct peer to HCG's urban industrial+commercial+domestic mix; former employer of HCG's President Deepak Sawant and Director Rajeev Mathur.
• Indraprastha Gas Limited (IGL): India's largest listed CGD operator serving Delhi, Noida, Ghaziabad and surrounding NCR districts with PNG and CNG. Directly comparable to HCG on product (PNG + CNG), regulatory framework (PNGRB), customer segments and tariff structure; IGL is also where HCG's director Rajeev Mathur previously served as MD.
• GAIL Gas Limited: Wholly-owned CGD subsidiary of GAIL India Limited operating multiple GAs across India. Directly comparable as a multi-state CGD operator with strong upstream parentage; HCG has partnered with GAIL India for Raipur pipeline infrastructure development.
• Gujarat Gas Limited: India's largest privately-owned CGD company by volume, operating across multiple GAs in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Comparable on multi-GA PNG+CNG operating model, scale of CNG station network, and industrial+domestic customer mix.
• Maharashtra Natural Gas Limited (MNGL): GAIL-BPCL joint venture CGD operator serving Pune and other Maharashtra districts. Direct comparable to HCG's Nagpur and Maharashtra operations; former employer of HCG's President Deepak Sawant.
• Adani Total Gas Limited: Listed pan-India CGD operator (Adani-TotalEnergies JV) active across many of the same PNGRB bidding rounds as HCG. Comparable on geographic diversity, regulatory license portfolio, PNG/CNG product mix and rapid network expansion strategy.
• Sabarmati Gas Limited: GAIL-ONGC JV CGD operator in Gujarat, covering Ahmedabad and surrounding districts. Comparable regional CGD operator with similar PNG+CNG offering, industrial/domestic customer base, and regulatory framework.

Broad incumbents

• Indian Oil Corporation Limited (IOCL): India's largest public-sector OMC and an active CGD operator through subsidiaries. Comparable as both a competitor in some GAs and a channel partner (online CNG stations) for HCG; relevant for understanding CGD economics at scale.
• Bharat Petroleum Corporation Limited (BPCL): Public-sector oil marketing company and HCG's strategic CNG station partner. BPCL is a broad incumbent in India's downstream energy value chain with CNG, LNG and LPG interests, and its partnership is a critical enabler for HCG's station network expansion.

Others

• GAIL India Limited: India's largest state-owned natural gas transmission and marketing company, and HCG's upstream partner for Raipur pipeline infrastructure. Indirect comparability through shared gas value chain dependency, but operates as transmission/marketing rather than last-mile distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/HCG_GROUP
• Facebookfacebook.com/hcggroupofficial
• LinkedInlinkedin.com/company/hcgdl
• Instagraminstagram.com/hcg_group

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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 HCG Group