List of Maharatna, Navratna, and Miniratna Companies in India


There are 10 Maharatnas, 14 Navratnas and 74 Miniratnas Companies in India. Here is the list of Maharatna, Navratna, and Miniratna Companies in India.

All Maharatna, Navaratna, and Miniratna are Public sector undertakings. These companies are wholly or partly owned by the Government of India. 

PSUs is classified as central public sector enterprises (CPSUs, CPSEs) or state-level public enterprises (SLPEs).

In 1951 there were just five public sector enterprises in India, but in March 2019 this had increased to 348.

Maharatna, Navratna, and Miniratna Companies in India

Eligibility Criteria

1. Eligibility Criteria  Maharatna Company

CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status:

  • 1.  Should have already a Navratna status
  • 2. Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations
  • 3.   An average annual Sales/ Turnover of more than Rs. 20,000 crore for the last three years
  • 4.   An average annual net worth of more than Rs.10,000 crore for  the last three years
  • 5.   An average annual net profit of more than Rs. 2,500 crore for the last 3 years
  • 6.   Significant global presence or international operations

2. Eligibility Criteria for Navratna Company

A score of 60 or more based on 6 parameters :

·      Net profit

·      Net Worth

·      Total Manpower Cost

·      Cost of Service

·      Total Cost of production

·      PBDIT(Profit before Depreciation, Interest, And Taxes)

·      Capital employed …. Etc.

A Company must first be a Miniratna and Should have 4 independent directors on its board before it can be made a Navaratna.

3. Eligibility Criteria for Miniratna Category-I

The company has made profits continuously for the last three years or earned a net profit of Rs 30 crore or more in one of the three years.

4. Eligibility Criteria for Miniratna Category-II

The company has made profits continuously for the last three years and should have a positive net worth.

List of Maharatna, Navratna, and Miniratna Companies in India

1. List of Maharatna Companies in India

  • 1. Bharat Heavy Electricals Limited
  • 2. Bharat Petroleum Corporation Limited
  • 3. Coal India Limited
  • 4. GAIL (India) Limited
  • 5. Hindustan Petroleum Corporation Limited
  • 6. Indian Oil Corporation Limited
  • 7. NTPC Limited
  • 8. Oil & Natural Gas Corporation Limited
  • 9. Power Grid Corporation of India Limited
  • 10. Steel Authority of India Limited

2. List of Navratna Companies in India

  • 1. Bharat Electronics Limited
  • 2. Container Corporation of India Limited
  • 3. Engineers India Limited
  • 4. Hindustan Aeronautics Limited
  • 5. Mahanagar Telephone Nigam Limited
  • 6. National Aluminium Company Limited
  • 7. NBCC (India) Limited
  • 8. NMDC Limited
  • 9. NLC India Limited
  • 10. Oil India Limited
  • 11. Power Finance Corporation Limited
  • 12. Rashtriya Ispat Nigam Limited
  • 13. Rural Electrification Corporation Limited
  • 14. Shipping Corporation of India Limited

3. List of Miniratna Category – I Companies in India

  • 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

4. List of Miniratna Category-II Companies in India

  • 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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