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

List of 10 Maharatna & 14 Navratna Companies In India- Get here a complete list of all Maharatna, Navratna and Miniratna Companies in India and what are the criteria to get this status as per the latest Government data in 2020.

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.

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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:

Performance Indicators Maximum Weight
Net Profit to Net worth 25
Manpower Cost to total Cost of Production or Cost of Services 15
PBDIT to Capital employed 15
PBIT to Turnover 15
Earning Per Share 10
Inter Sectoral Performance 20

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:

Maharatna Companies in India Navaratna companies in India
Bharat Heavy Electricals Limited Bharat Electronics Limited
Bharat Petroleum Corporation Limited Container Corporation of India Limited
Coal India Limited Hindustan Aeronautics Limited
GAIL India Limited Mahanagar Telephone Nigam Limited
Hindustan Petroleum Corporation Limited National Aluminium Company Limited
Indian Oil Corporation Limited NBCC India Limited
NTPC Limited NMDC limited
Oil and Natural Gas Corporation Limited NLC India Limited
Power Grid Corporation of India Limited Oil India Limited
Steel Authority of India Limited Power Finance Corporation Limited
Rashtriya Ispat Nigam Limited
Rural Electrification Corporation Limited
Shipping Corporation Of India Limited
Engineers India Limited

Also Check

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

  1. Artificial Limbs Manufacturing Corporation of India
  2. Bharat Pumps & Compressors Limited
  3. Broadcast Engineering Consultants India Limited
  4. Central Railside Warehouse Company Limited
  5. Engineering Projects (India) Limited
  6. FCI Aravali Gypsum & Minerals India Limited
  7. Ferro Scrap Nigam Limited
  8. HMT (International) Limited
  9. Indian Medicines & Pharmaceuticals Corporation Limited
  10. MECON Limited
  11. National Film Development Corporation Limited
  12. 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.