Out of all enterprises in India, the Government of India categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna. This categorizations are based on different criteria. Here is the eligibility criteria for a company to achieve this status along with the list of Maharatna companies of India 2022:
Eligibility Criteria for Maharatna Company Status:
- Must have a Navratna status.
- Must be listed on Indian stock exchange with minimum prescribed public shareholding under Securities and Exchange Board of India (SEBI) regulations
- An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
- Average annual Turnover of Rs. 25,000 crore for 3 years, or
- The average annual Net worth of Rs. 15,000 crore for 3 years
- Must bear global presence/international operations
Maharatna Companies – List of 10 Central Public Sector Enterprises (CPSE)
| 1 | National Thermal Power Corporation (NTPC) |
| 2 | Oil and Natural Gas Corporation (ONGC) |
| 3 | Steel Authority of India Limited (SAIL) |
| 4 | Bharat Heavy Electricals Limited (BHEL) |
| 5 | Indian Oil Corporation Limited (IOCL) |
| 6 | Hindustan Petroleum Corporation Limited (HPCL) |
| 7 | Coal India Limited (CIL) |
| 8 | Gas Authority of India Limited (GAIL) |
| 9 | Bharat Petroleum Corporation Limited (BPCL) |
| 10 | Power Grid Corporation of India (POWERGRID) |
Frequently Asked Questions (FAQs) on Maharatna Companies in India
Q 1. What is Maharatna Companies in India?
The Government of India categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna.
Q 2. How many Maharatna Companies are there in India?
Ans. There are a total of 10 Maharatna Companies in India. These include NTPC, ONGC, SAIL, BHEL, IOCL, HPCL, CIL, GAIL, BPCL and Power Grid Corporation of India.
Q 3. What is the eligibility criteria for Maharatna Companies classification?
Ans. A company gets qualified for Maharatna status when it has Navratna status, listed on the Indian Stock Exchange, net profit of more than Rs. 5,000 crore in the past three years after paying tax; average annual turnover of Rs. 25,000 crore for 3 years and an average annual net worth of Rs. 15,000 crore for 3 years.
