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 
Maharatna13
Navratna16
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.

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. Maharatna CPSEs

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

2. Navratna CPSEs

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

3. Miniratna Category – I CPSEs

 

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

4. Miniratna Category – II CPSEs

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