Maharatna &
Navratna
Companies in
India
Central Public Sector Enterprises (CPSEs) in India
• The companies in which the share of the central government of India is 51% or more is known
as the Central Public Sector Enterprises (CPSEs).
• The Department of Public Enterprises (DPE), Ministry of Finance is the nodal department for all
the CPSEs and formulates policy pertaining to CPSEs.
• The Government of India categorizes CPSEs under three different categories :
1. Maharatna
2. Navaratna and
3. Miniratna (Category I and Category II)
Maharatna Companies
• There are total 11 Maharatna Companies in India.
Criteria to get Maharatna Status
a) Having Navratna status.
b) Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI
regulations.
c) An average annual turnover of more than Rs 25,000 crore during the last three years.
d) An average annual net worth of more than Rs 15,000 crore during the last three years.
e) An average annual net profit after tax of more than Rs 5,000 crore during the last three
years.
f) Should have significant global presence/international operations.
The Maharatna CPSEs are:
1. Bharat Heavy Electricals Limited (BHEL)
2. Steel Authority of India Limited (SAIL)
3. Gas Authority of India Limited (GAIL)
4. Oil & Natural Gas Corporation Limited (ONGC)
5. Indian Oil Corporation Limited (IOCL)
6. Bharat Petroleum Corporation Limited (BPCL)
7. Hindustan Petroleum Corporation Limited (HPCL)
8. Coal India Limited (CIL)
9. National Thermal Power Corporation (NTPC)
10. Power Grid Corporation of India Limited (PGCIL)
11. Power Finance Corporation Limited (PFC)
Maharatna Companies
S. No. Research Institute Location Head
1. Power Grid Corporation of Gurgaon, Kandikuppa Sreekant
India (PGCIL) Haryana (Chairman & MD)
2. Coal India Limited (CIL) Kolkata, West Pramod Agarwal
Bengal (Chairman)
3. Bharat Petroleum Mumbai, Arun Kumar Singh
Corporation Limited (BPCL) Maharashtra (Chairman & MD)
4. Hindustan Petroleum Mumbai, Mr. Mukesh Kumar Surana
Corporation Limited (HPCL) Maharashtra (Chairman & Managing
Director)
S. No. Research Institute Location Head
5. Steel Authority of India New Delhi Soma Mondal (Chairman)
Limited (SAIL)
6. Gas Authority of India New Delhi Shri Manoj Jain (Chairman &
Limited (GAIL) Managing Director)
7. Bharat Heavy Electricals New Delhi Dr. Nalin Shinghal (Chairman
Limited (BHEL) & Managing Director)
8. Oil and Natural Gas New Delhi Alka Mittal (First woman
Corporation Limited (ONGC) CMD)
S. No. Research Institute Location Head
9. National Thermal Power New Delhi Gurdeep Singh (Chairman &
Corporation (NTPC) MD)
10. Indian Oil Corporation New Delhi Shrikant Madhav Vaidya
Limited (IOCL) (Chairman)
11. Power Finance Corporation New Delhi Ravinder Singh Dhillon
Limited (PFC) (Chairman & MD)
• Govt. of India accorded ‘Maharatna’ status to the Power Finance Corporation Ltd (PFC) in
October, 2021.
• PFC has become the 11th public sector enterprise to get the ‘Maharatna’ status in the
country.
Navaratna Companies
• There are total 13 Navaratna Companies in India.
Criteria to get Navaratna Status
• The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’
MOU rating in three of the last five years and have a ‘Composite Score’ of performance to be
60 or above in six identified performance parameters. The parameters are:
1) Net Profit to Net worth
2) Manpower Cost to total Cost of Production or Cost of Services
3) PBDIT to Capital employed (PBDIT is Profit before Deduction of Income Tax)
4) PBIT to Turnover
5) Earning Per Share
6) Inter Sectoral Performance
Navratna CPSEs are:
1. Bharat Electronics Limited (BEL)
2. Engineers India Limited (EIL)
3. Hindustan Aeronautics Limited (HAL)
4. Shipping Corporation of India Limited (SCI)
5. Container Corporation of India Limited (CONCOR)
6. Mahanagar Telephone Nigam Limited (MTNL)
7. National Aluminium Company Limited (NALCO)
8. Neyveli Lignite Corporation Limited (NLC)
9. National Mineral Development Corporation (NMDC)
10. Rashtriya Ispat Nigam Limited (RINL)
11. Rural Electrification Corporation Limited (REC)
12. National Buildings Construction Corporation Limited (NBCC)
13. Oil India Limited (OIL)
Sl. No. Research Institute Location Head
1. Mahanagar Telephone Nigam New Delhi PK Purwar (CMD)
Limited (MTNL)
2. National Buildings Construction New Delhi P K Gupta
Corporation (NBCC) (Chairman & MD)
3. Rural Electrification New Delhi Sanjay Malhotra
Corporation (REC) (Chairman & MD)
4. Container Corporation of India New Delhi V. Kalyana Rama
(CONCOR) (Chairman & MD)
Navaratna Companies
S. No. Research Institute Location Head
5. Oil India Limited (OIL) Duliajan, Shri Sushil Chandra Mishra
Assam (CMD)
6. National Aluminium Bhubaneswar, Sridhar Patra
Company (NALCO) Odisha, (Chairman & MD)
7. Shipping Corporation of Mumbai, Mrs [Link]
India (SCI) Maharashtra (Chairperson & MD)
8. National Mineral Hyderabad, Sumit Deb
Development Corporation Telangana (Chairman & MD)
(NMDC)
Sl. No. Research Institute Location Head
9. Rashtriya Ispat Nigam Limited Visakhapatnam, Atul Bhatt
(RINL) Andhra Pradesh (Chairman & MD)
10. Bharat Electronics Limited (BEL) Bangalore, Mrs Anandi
Karnataka Ramalingam CMD
(Additional Charge)
11. Hindustan Aeronautics Limited Bangalore, Shri R Madhavan
(HAL) Karnataka (Chairman & MD)
12. Neyveli Lignite Corporation Tamil Nadu Shri. Rakesh Kumar
(NLC) India Limited (Chairman & MD)
13. Engineers India Limited (EIL) New Delhi Vartika Shukla
(Chairman & MD)
Miniratna Companies
• Category I : CPSEs should have made profit in the last three years continuously, the pre-
tax profit should have been Rs. 30 crore or more in at least one of the three years and
should have a positive net worth.
• There are total 61 Category I Miniratna Companies in India.
• Category II : CPSEs should have made profit for the last three years continuously and
should have a positive net worth.
• There are total 12 Category II Miniratna Companies in India.
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