Maharatna, Navratna & Miniratna Companies in India List 2024

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Exploring India’s Maharatna, Navratna & Miniratna Companies: Understand the prestigious status and significance of these public sector enterprises.

“What is the list of maharatna, navratna & miniratna companies in india?
What are the maharatna, navratna & miniratna CPSEs?
What are the maharatna, navratna & miniratna PSUs?
You all must have this kind of questions in your mind. 
Below article will solve this puzzle of yours. Just take a look.”

maharatna navratna miniratna companies india

Maharatna, Navratna & Miniratna Companies – Here we have provided a complete list of Maharatna, Navratna & Miniratna companies.

Public Sector undertakings (PSUs) or CPSEs are mainly divided in Maharatna, Navratna, Miniratna Category I & II on the basis of their financial performance, net worth, revenue, profit etc.

Guidelines for the criteria are issued by Department of Public Enterprises which is a nodal department for all CPSEs.

Maharatna, Navratna & Miniratna Companies in India

Public Sector undertakings (PSUs) or CPSEs are mainly divided on the basis of their financial performance, net worth, revenue, profit etc. PSU companies are divided into three categories:

CPSEs Total No. of CPSEs 
Maharatna 13
Navratna 16
Miniratna (Category 1) 57
Miniratna (Category 2) 11

In India, there are three types of companies: Maharatna, Navratna, and Miniratna

Maharatna companies have more power and autonomy than Navratna or Miniratna companies. The Maharatna category was introduced in 2009 to help large CPSEs expand their operations.

Difference between Maharatna , Miniratna and Navratna CPSEs

Maharatna, Miniratna, and Navratna are categories of Central Public Sector Enterprises (CPSEs) in India, each with its specific criteria and privileges.

These categories are established by the Government of India to classify and categorize CPSEs based on their financial performance, size, and operational autonomy. Here is the difference between Maharatna, Miniratna, and Navratna CPSEs:

1. Maharatna CPSEs

    • Criteria: To qualify as a Maharatna CPSE, a company must meet the following criteria:
      • It should be a Navratna CPSE.
      • It should have an average annual turnover of at least Rs. 25,000 crores during the last three years.
      • It should have an average annual net worth of at least Rs. 15,000 crores during the last three years.
      • It should have an average annual net profit of at least Rs. 5,000 crores during the last three years.
      • It should have significant global operations and international presence.
    • Operational Autonomy: Maharatna CPSEs enjoy greater operational and financial autonomy compared to other categories. They have more flexibility in decision-making, including investments, joint ventures, and mergers and acquisitions.
    • Investment Limits: Maharatna CPSEs can make equity investments up to 15% of their net worth in a single project, not exceeding 30% of their net worth in all projects. They can also invest up to Rs. 1,000 crores in a joint venture or a wholly-owned subsidiary without seeking government approval.
    • Board Composition: The board of a Maharatna CPSE should have at least three functional directors and two non-official directors.

2. Navratna CPSEs

    • Criteria: To qualify as a Navratna CPSE, a company must meet the following criteria:
      • It should have a schedule ‘A’ and Miniratna Category-1 status.
      • It should have an average annual turnover of at least Rs. 6,000 crores during the last three years.
      • It should have an average annual net worth of at least Rs. 2,000 crores during the last three years.
      • It should have an average annual net profit of at least Rs. 1,000 crores during the last three years.
      • It should have significant operational and financial autonomy.
    • Operational Autonomy: Navratna CPSEs have a considerable degree of operational autonomy. They can make investment decisions, enter into joint ventures, and undertake expansion projects with limited government interference.
    • Investment Limits: Navratna CPSEs can make equity investments up to 15% of their net worth in a single project, not exceeding 30% of their net worth in all projects. They can also invest up to Rs. 1,000 crores in a joint venture or a wholly-owned subsidiary without seeking government approval.
    • Board Composition: The board of a Navratna CPSE should have at least three functional directors and two non-official directors.

3. Miniratna CPSEs

    • Criteria: Miniratna CPSEs are further classified into two categories: Miniratna Category-1 and Miniratna Category-2.
      • Miniratna Category-1: To qualify as a Miniratna Category-1 CPSE, a company should have made profits continuously for the last three years and have a positive net worth.
      • Miniratna Category-2: To qualify as a Miniratna Category-2 CPSE, a company should have made profits continuously for the last three years but may have a negative net worth.
    • Operational Autonomy: Miniratna CPSEs have a moderate degree of operational autonomy. They have some flexibility in decision-making but are subject to government guidelines and approvals for certain matters.
    • Investment Limits: Miniratna CPSEs have limitations on equity investments, joint ventures, and mergers and acquisitions. They need to seek government approval for significant investments.
    • Board Composition: The board of a Miniratna CPSE should have at least three functional directors and two non-official directors.

In summary, Maharatna CPSEs are the highest category and enjoy the most significant operational and financial autonomy, followed by Navratna CPSEs and then Miniratna CPSEs.

The categorization is based on the financial performance and size of the CPSEs, with each category having specific criteria and privileges granted by the Government of India.

Established Year of Maharatna, Navratna and Miniratna CPSEs

1. Established Year of Maharatna Companies in India 2024

S.No. Company Name Established Year
1. Bharat Heavy Electricals Limited (BHEL) 1964
2. Bharat Petroleum Corporation Limited (BPCL) 1952
3. GAIL India Limited (GAIL) 1984
4. Coal India Limited (CIL) 1975
5. Hindustan Petroleum Corporation Limited (HPCL) 1974
6. Steel Authority of India Limited (SAIL) 1954
7. National Thermal Power Corporation (NTPC) 1975
8. Rural Electrification Corporation Limited (REC) 1969
9. Power Finance Corporation (PFC) 1986
10. Power Grid Corporation of India Limited (POWERGRID) 1989
11. Indian Oil Corporation Limited (IOCL) 1959
12. Oil & Natural Gas Corporation Limited (ONGC) 1956
13. Oil India Limited (OIL) 1959

2. Established Year of Maharatna Companies in India 2024

S.No. Company Name Established Year
1. Engineers India Limited (EIL) 1965
2. Container Corporation of India Limited (CONCOR) 1988
3. Bharat Electronics Limited (BEL) 1954
4. Hindustan Aeronautics Limited (HAL) 1940
5. Neyveli Lignite Corporation Limited (NLC India) 1956
6. Rashtriya Ispat Nigam Limited (RINL) 1971
7. Rashtriya Chemicals & Fertilisers Limited (RCF) 1978
8. Mahanagar Telephone Nigam Limited (MTNL) 1986
9. National Buildings Construction Corporation Limited (NBCC) 1960
10. National Aluminium Company Limited (NALCO) 1981
11. National Mineral Development Corporation Limited (NMDC) 1958
12. Rail Vikas Nigam Limited (RVNL) 2003
13. Shipping Corporation of India Limited (SCI) 1961
14. ONGC Videsh Limited (OVL) 1965
15. RITES Limited 1974
16. IRCON International Limited 1976

List of Maharatna, Navratna and Miniratna CPSEs [as on February, 2023]

Here we are providing list of Maharatna, Navratna & Miniratna companies. GATE aspirants can check Maharatna, Navratna & Miniratna companies name along with details using the tables given below.

1. List of Maharatna Companies in India 2024

S.No. Company Name Company Details
1 Bharat Heavy Electricals Limited (BHEL)   Follow me
2 Coal India Limited (CIL)   Follow me
3 Gas Authority of India Limited (GAIL)   Follow me
4 Indian Oil Corporation Limited (IOCL)   Follow me
5 National Thermal Power Corporation (NTPC)   Follow me
6 Oil and Natural Gas Corporation (ONGC)   Follow me
7 Steel Authority of India Limited (SAIL)   Follow me
8 Bharat Petroleum Corporation Limited (BPCL)   Follow me
9 Hindustan Petroleum Corporation Limited (HPCL)   Follow me
10 Power Grid Corporation of India Limited (PGCIL)   Follow me
11 Power Finance Corporation (PFC)
12 Oil India Limited (OIL)   Follow me
13 Rural Electrification Corporation (REC)

2. List of Navratna Companies in India 2024

S.No. Company Name Company Details
1 Bharat Electronics Limited (BEL)   Follow me
2 Rashtriya Ispat Nigam Limited (RINL)   Follow me
3 Container Corporation of India (CONCOR)   Follow me
4 Engineers India Limited (EIL)   Follow me
5 Hindustan Aeronautics Limited (HAL)   Follow me
6 Mahanagar Telephone Nigam Limited (MTNL)   Follow me
7 National Aluminium Company (NALCO)   Follow me
8 National Buildings Construction Corporation (NBCC)   Follow me
9 National Mineral Development Corporation (NMDC)
10 Neyveli Lignite Corporation Limited (NLCIL)   Follow me
11 Shipping Corporation of India (SCI)
12 Rail Vikas Nigam Limited    Follow me
13 ONGC Videsh Limited
14 Rashtriya Chemicals & Fertilizers Limited
15 IRCON International Limited    Follow me
16 RITES Limited    Follow me

3. List of Miniratna Category – I Companies in India 2024

S.No. Company Name Company Details
1 Airports Authority of India   Follow me
2 Antrix Corporation Limited
3 Balmer Lawrie & Co. Limite
4 Bharat Coking Coal Limited
5 Bharat Dynamics Limited
6 BEML Limited   Follow me
7 Bharat Sanchar Nigam Limited   Follow me
8 Bridge & Roof Company (India) Limited
9 Central Warehousing Corporation   Follow me
10 Central Coalfields Limited
11 Central Mine Planning & Design Institute Limited
12 Chennai Petroleum Corporation Limited
13 Cochin Shipyard Limited
14 Dredging Corporation of India Limited
15 Educational Consultants India (EDCIL)
16 Kamarajar Port Limited
17 Garden Reach Shipbuilders & Engineers Limited
18 Goa Shipyard Limited
19 Hindustan Copper Limited   Follow me
20 HLL Lifecare Limited
21 Hindustan Newsprint Limited
22 Hindustan Paper Corporation Limited   Follow me
23 Housing & Urban Development Corporation Limited
24 HSCC (India) Limited
25 India Tourism Development Corporation Limited
26 Indian Rare Earths Limited
27 Indian Railway Catering & Tourism Corporation Limited
28 Indian Renewable Energy Development Agency Limited
29 India Trade Promotion Organization
30 WAPCOS Limited
31 KIOCL Limited
32 Mazagaon Dock Limited   Follow me
33 Mahanadi Coalfields Limited
34 Manganese Ore (India) Limited
35 Mangalore Refinery & Petrochemical Limited
36 Mishra Dhatu Nigam Limited
37 MMTC Limited
38 MSTC Limited
39 National Fertilizers Limited   Follow me
40 National Small Industries Corporation Limited
41 National Seeds Corporation
42 NHPC Limited   Follow me
43 Northern Coalfields Limited
44 North Eastern Electric Power Corporation Limited
45 Numaligarh Refinery Limited
46 Pawan Hans Helicopters Limited
47 Projects & Development India Limited
48 Railtel Corporation of India Limited    Follow me
49 Western Coalfields Limited
50 Water and Power Consultancy Services
51 Mineral Exploration Corporation Limited
52 SJVN Limited
53 Security Printing and Minting Corporation of India Limited   Follow me
54 South Eastern Coalfields Limited
55 State Trading Corporation of India Limited
56 Telecommunications Consultants India Limited
57 THDC India Limited    Follow me

4. List of Miniratna Category – II Companies in India 2024

S.No. Company Name Company Details
1 Bharat Pumps & Compressors Limited
2 Broadcast Engineering Consultants (I) Limited
3 Artificial Limbs Manufacturing Corporation of India
4 Engineering Projects (India) Limited
5 FCI Aravali Gypsum & Minerals India Limited
6 Ferro Scrap Nigam Limited
7 HMT (International) Limited
8 Indian Medicines & Pharmaceuticals Corporation Limited
9 MECON Limited
10 National Film Development Corporation Limited
11 Rajasthan Electronics & Instruments Limited

List of Maharatna, Navratna and Miniratna Companies in India PDF

List of Maharatna, Navratna and Miniratna CPSEs – February, 2024
   Click Here

This post is designed for providing more information about Public sector undertaking (PSUs).

We have provided Maharatna, Navratna & Miniratna companies list and we will update this list time to time.

If you find there is any change in this list you may notify us using below comment box. We will update information in the above list as soon as possible.

Maharatna, Navratna and Miniratna Companies FAQs

Which is better Maharatna or Navratna?

Maharatna status gives more autonomy and authority to a company than the other categories such as Navratna or Miniratna. PSUs with Maharatna status can invest 15% of their net worth in a project without the prior permission from the Government of India.

Is NTPC a Maharatna company?

NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India.

Is BHEL a navratna company?

Currently, BHEL is a Maharatna company.

Which is better NTPC or BHEL?

As compared to pay scales NTPC is better. If you want to get large on-field experience in manufacturing then BHEL is better.

Is NTPC a good job?

NTPC is a great place to work. NTPC is a good organisation having good work culture and work life balance.

Is NTPC a government job?

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian government electricity board engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and is owned by the Ministry of Power , Government of India.

Which is the most profitable PSU in India?

The top three profit making PSUs including Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively to the total profit earned by all profitable CPSEs.

Is PSU a govt job?

Yes, Government of India and State Government owned, undertaking companies are called Public Sector Undertaking (PSU) or a Public Sector Enterprise.

Is Indian Railway a PSU?

Indian Railways (IR) is a governmental entity under the Ministry of Railways that operates India's national railway system.

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