List of Maharatna & Navratna Companies In India: 10 Maharatna & 14 Navratna

The Government of India gives the special status of Maharatna, Navratna and Miniratna to some of the Central Public Sector Enterprises (CPSEs) who fulfill the criteria through exemplary performance. There is a specific criterion on which such statuses are granted for the chosen units to be called either Maharatna or Navratna . There are several Miniratnas also conferred to those companies who have shown equal promise and excelled in performance and worthy of mention.

According to the recent ratings

• Maharatna- 10
• Navaratna-14
• Miniratnas-74

CPSEs are one of the Public Sector Undertakings (PSUs) where Central Government has direct holding of more than 51%. And through the different criteria laid down by the central government, these CPSEs have been classified into three different categories- Maharatna, Navratna and Miniratna.

There is a dedicated department that looks into the affairs of PSUs or public sector undertakings known as the Department of Public Enterprise (DPE), earlier known as the Bureau of Public enterprise as well.

The department has the authority to set guidelines and policies that are evaluating criterion for the performance of the CPSEs. The measure it with the parameters that the central government as proposed so that the titles or the statuses are given on a fair evaluation on which company will be awarded the Maharatna, Navaratna, or even the Miniratna.

The Criteria For Getting A Maharatna

There is are again categories of 1 and 2 for the above statuses. Let’s ponder onto the eligibility criterion which is crucial for determining the Maharatna status of the company

• Should be listed company in the stock exchange
• Should have an average turnover of  Rs.25,000cr.
• The average net profit of the company should be Rs.5000cr.
• The average net worth of the company has to be Rs. 15,000cr in the last three years
• Should already by a Navaratna PSU to be awarded the Maharatna

The Criteria For Getting A Navaratna status

Given below are the criteria an organisation needs to fufill to get the Navratna Status:

• Should already have Miniratna status
• Also has to have a rating of either very good or excellent for three of the five years that are taken into consideration
• There are parameters for which the company will be scored, and an ideal score of 60 and above out of 100 can avail the Navaratna title.

This Parameter includes 6 indicators which have a maximum weight of 100 as follows:

The Criteria For Getting A Miniratna 

Apparently, there are only two conditions that need to be fulfilled to earn the Miniratna status.

• The PSUs which happen to make profits three years in a row
• And the company should have a positive net worth

List of Maharatna & Navratna Companies

Given below is the List Of Maharatna & Navratna Companies:

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List of Miniratna Companies

Miniratna Category – I CPSEs

1. Airports Authority of India
2. Antrix Corporation Limited
3. Balmer Lawrie & Co. Limited
4. Bharat Coking Coal Limited
5. Bharat Dynamics Limited
6. BEML Limited
7. Bharat Sanchar Nigam Limited
8. Bridge & Roof Company (India) Limited
9. Central Warehousing Corporation
10. Central Coalfields Limited
11. Central Mine Planning & Design Institute Limited
12. Chennai Petroleum Corporation Limited
13. Cochin Shipyard Limited
14. Cotton Corporation of India Limited
15. EdCIL (India) Limited
16. Kamarajar Port Limited
17. Garden Reach Shipbuilders & Engineers Limited
18. Goa Shipyard Limited
19. Hindustan Copper Limited
20. HLL Lifecare Limited
21. Hindustan Newsprint Limited
22. Hindustan Paper Corporation Limited
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 Railway Finance Corporation Limited
29. Indian Renewable Energy Development Agency Limited
30. India Trade Promotion Organization
31. IRCON International Limited
32. KIOCL Limited
33. Mazagaon Dock Shipbuilders Limited
34. Mahanadi Coalfields Limited
35. MOIL Limited
36. Mangalore Refinery & Petrochemical Limited
37. Mineral Exploration Corporation Limited
38. Mishra Dhatu Nigam Limited
39. MMTC Limited
40. MSTC Limited
41. National Fertilizers Limited
42. National Projects Construction Corporation Limited
43. National Small Industries Corporation Limited
44. National Seeds Corporation
45. NHPC Limited
46. Northern Coalfields Limited
47. North Eastern Electric Power Corporation Limited
48. Numaligarh Refinery Limited
49. ONGC Videsh Limited
50. Pawan Hans Helicopters Limited
51. Projects & Development India Limited
52. Railtel Corporation of India Limited
53. Rail Vikas Nigam Limited
54. Rashtriya Chemicals & Fertilizers Limited
55. RITES Limited
56. SJVN Limited
57. Security Printing and Minting Corporation of India Limited
58. South Eastern Coalfields Limited
59. Telecommunications Consultants India Limited
60. THDC India Limited
61. Western Coalfields Limited
62. WAPCOS Limited

Miniratna Category-II CPSEs

63. Artificial Limbs Manufacturing Corporation of India
64. Bharat Pumps & Compressors Limited
65. Broadcast Engineering Consultants India Limited
66. Central Railside Warehouse Company Limited
67. Engineering Projects (India) Limited
68. FCI Aravali Gypsum & Minerals India Limited
69. Ferro Scrap Nigam Limited
70. HMT (International) Limited
71. Indian Medicines & Pharmaceuticals Corporation Limited
72. MECON Limited
73. National Film Development Corporation Limited
74. Rajasthan Electronics & Instruments Limited

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Frequently Asked Questions

Q. What are CPSEs?

Ans: Central Public Sector Enterprises are specifically chosen for these titles.

Q. Why are Maharatna and Navaratna statuses given?

Ans: They are given to PSU companies which have had an exemplary performance.

Q. How can the companies qualify for the titles?

Ans: The companies can qualify for the title if they fulfill the listed parameters.

Q. Who decides the eligibility factors?

Ans: The Department of Enterprise decides the eligibility factors.

Q. Who has set the parameters for Maharatna and Navaratnas?

Ans: The Central Government of India sets the parameters.