Confidence Petroleum India Limited

What Confidence Petroleum India Limited does

Confidence Petroleum India Limited is a BSE-listed energy infrastructure company headquartered in Nagpur, Maharashtra, and led by Chairman & Managing Director Nitin Khara. It manufactures LPG cylinders (operating 9 mega units in India and 2 overseas units in Indonesia, positioning itself as the largest LPG cylinder manufacturer in Asia) and operates 52 LPG bottling plants across 19-22 Indian states that provide bottling services to all major public-sector oil marketing companies (HPCL, BPCL, IOCL) and private players (Reliance, Shell, Leader Gas). The company also runs 150 Auto LPG Dispensing Stations (ALDS) across India, with a stated expansion plan to 500+ stations, and has announced entry into CNG cylinder manufacturing and CNG dispensing.

The business operates through two primary revenue streams: (1) hardware sales of manufactured LPG cylinders to OMCs and gas distributors, and (2) bottling and dispensing services billed on transaction/throughput economics. GTM motion combines enterprise B2B sales to oil majors with direct-to-consumer dispensing through company-owned ALDS stations. Distribution is fully vertically integrated — the company manufactures its own cylinders, fills them at owned bottling plants, and dispenses Auto LPG through owned retail stations.

The corporate history traces from a 1985 stainless steel utensils business (Steel Home) to LPG sector entry in 1993 following government liberalization, followed by an aggressive roll-up of six sick cylinder manufacturing units between 1997 and 2000. BSE listing was secured in 2005 via reverse acquisition of Devrasa Gas Chem Ltd., and a GDR listing was subsequently executed for international capital market access. Reported annual turnover is 800 Crores INR (~$96M USD). No AI/ML capabilities, software products, or technology platform differentiators are disclosed — the competitive position is grounded entirely in physical manufacturing scale, geographic distribution density, and incumbency relationships with Indian oil majors.

Name

Confidence Petroleum India Limited

Legal name

Confidence Petroleum India Limited

Website

https://nitinkhara.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Confidence Petroleum India Limited is a BSE-listed Indian energy infrastructure company that manufactures LPG cylinders (largest in Asia), operates 52 bottling plants serving HPCL/BPCL/IOCL/Reliance/Shell, and runs 150 Auto LPG dispensing stations with plans for 500+.

Ownership category

akta.pro rank

Product category

LPG Cylinder Manufacturing & Bottling

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

Keywords

• LPG cylinder manufacturing
• LPG bottling services
• Auto LPG dispensing
• CNG cylinder manufacturing
• Domestic LPG distribution

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. LPG Cylinder Manufacturing: Manufacturing and sale of LPG cylinders to oil companies and gas distributors. The company claims to be the largest cylinder manufacturer in Asia.
2. LPG Bottling Services: Bottling assistance services for public sector units including HPCL, BPCL, IOCL and private companies. Operates 52 bottling plants across 19 states.
3. Auto LPG Dispensing: Retail dispensing of Auto LPG to vehicle owners through chain of dispensing stations across India.
4. CNG Cylinder Manufacturing (Planned): Company has plans to enter CNG cylinder manufacturing and CNG dispensing stations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Confidence Petroleum India Limited manufactures LPG cylinders (9 units in India and 2 in Indonesia), operates 52 LPG bottling plants across 19-22 Indian states providing bottling services to PSU and private oil companies, and runs 150 Auto LPG Dispensing Stations for automotive fuel retail, with planned expansion to 500 stations and new CNG cylinder manufacturing and dispensing ventures.

Product overview

Confidence Petroleum India Limited is a BSE-listed company operating as a conglomerate in the energy sector. The company operates a diversified portfolio of products including LPG Cylinder Manufacturing (9 units in India, 2 in Indonesia - Asia's largest), LPG Cylinder Bottling Plants (52 plants across 19 states serving HPCL, BPCL, IOCL, Reliance, and Shell), Auto LPG Dispensing Stations (150 stations with plans for 500 more), and CNG Cylinder Manufacturing. The Gaspoint brand under Gaspoint Petroleum India Limited handles domestic LPG marketing. The company reports a turnover of 800 Crores and is led by Chairman & Managing Director Mr. Nitin Khara.

Differentiator

Problem solved

Functional benefit

Products and services

• LPG Cylinder Manufacturing Manufacturing of LPG cylinders for domestic and industrial use, with 9 mega manufacturing units in India and 2 overseas units in Indonesia, making the company the largest LPG cylinder manufacturer in Asia.
• LPG Cylinder Bottling LPG bottling services for public sector oil companies (HPCL, BPCL, IOCL) and private companies (Reliance, Shell, Leader), operated through 52 bottling plants across 19-22 Indian states.
• Auto LPG Dispensing (ALDS) Company-operated Auto LPG Dispensing Stations providing retail automotive LPG fuel to vehicle owners across India, with 150 stations installed and plans to expand to 500+.

Quantifiable outcome

• Largest LPG cylinder manufacturer in Asia
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and major.

• HPCL (Hindustan Petroleum Corporation Limited)coreChannel Partner/ Reseller/ DistributorConfidence Petroleum serves as a bottling and cylinder supply partner for HPCL. The company operates bottling plants that serve HPCL's domestic LPG marketing requirements across multiple states in India.
• BPCL (Bharat Petroleum Corporation Limited)coreChannel Partner/ Reseller/ DistributorBottling and cylinder manufacturing services provided to BPCL for their domestic LPG distribution network across India.
• IOCL (Indian Oil Corporation Limited)coreChannel Partner/ Reseller/ DistributorLPG cylinder supply and bottling assistance services for IOCL's pan-India domestic LPG operations.
• Shell GasmajorChannel Partner/ Reseller/ DistributorCylinder supply and bottling services for Shell's LPG operations in India.
• Reliance IndustriesmajorChannel Partner/ Reseller/ DistributorLPG cylinder manufacturing and supply services for Reliance's gas distribution business.
• Leader GasmajorChannel Partner/ Reseller/ DistributorLPG cylinder supply and bottling services for Leader Gas, a private LPG distributor in India.
• All India Parallel LPG FederationcoreStrategic or Co-development PartnerIndustry association where Mr. Nitin Khara serves as Vice President. Represents the interests of parallel LPG bottlers and manufacturers in India and works on policy advocacy and industry development.

Scale indicators7 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Bharat Petroleum Corporation (BPCL): Major Indian PSU oil marketing company that operates its own LPG cylinder manufacturing and bottling — both a customer and a competitive threat to Confidence's outsourcing volumes.
• Indian Oil Corporation (IOCL): Largest Indian PSU oil marketing company and dominant LPG player (Indane brand) with the largest in-house bottling network — both customer and competitor to Confidence.
• Hindustan Petroleum Corporation (HPCL): PSU oil marketing company with extensive in-house LPG bottling infrastructure; partners with Confidence but competes for captive bottling volumes.
• Reliance Industries: Indian conglomerate that is both a customer of Confidence's LPG cylinders and a competitor in LPG marketing through its own gas distribution business; broader energy portfolio dwarfs LPG segment.
• TotalEnergies Gas (Total Gaz): Global integrated energy major with LPG distribution and retail operations; competes in LPG value chain from refining through bottling to retail dispensing across international markets.

Direct peers

• SHV Energy: World's largest LPG distributor with bottling and distribution operations across multiple geographies. Comparable international LPG franchise with parallel manufacturing, bottling and retail dispensing capabilities.
• Everest Kanto Cylinder: India's largest listed manufacturer of high-pressure gas cylinders (CNG, LPG, hydrogen, industrial gases). Directly comparable as an Indian gas cylinder manufacturer competing for similar OMC and industrial customers.
• Supreme Industries (Industrial Cylinder Division): Diversified Indian manufacturer with plastics products including LPG cylinder related product lines; competes in cylinder manufacturing supply chain serving Indian LPG ecosystem.

Emerging players

• Indraprastha Gas (IGL): Leading Indian CNG/PNG distributor in Delhi NCR; competes with Confidence's Auto LPG strategy for the automotive clean-fuel customer segment and benefits from government CNG push.
• Adani Total Gas: Joint venture between Adani and TotalEnergies focused on city gas distribution (CNG/PNG); competes for the clean-fuel automotive and household customer base that Confidence targets with Auto LPG and domestic LPG.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/confidence-petroleum-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 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 Confidence Petroleum India Limited