List of Maharatna Companies

Central Public Sector Enterprises:

State-owned enterprises in India are classified as Central Public Sector

Enterprises (CPSEs), public sector banks (PSBs) or State Level Public
Enterprises (SLPEs).

Companies in which the direct holding of the Central Government is 51% or

more are referred to as Central Public Sector Enterprises (CPSEs).

All CPSEs are administered by the Union Ministry of Heavy Industries and
Public Enterprises.

CPSEs which consistently exhibit strong financial performance are awarded

either ‘Maharatna’, ‘Navratna’, or ‘Miniratna’ status.

Each of these status grants certain degree of financial autonomy to the

management of the CPSE.

Maharatna Companies Criteria:

Indian Government started granting Maharatna status to CPSEs since 2010.

Currently eligibility criteria for Maharatna status is Three years with an

average annual net profit of over Rs. 5000 crore, OR Average annual
Turnover of Rs. 20,000 crore for 3 years, OR Average annual Net worth of Rs.
10,000 crore for 3 years.

Maharatna companies are free to decide on investments up to 15% of their

net worth in a project to expand their operations.

As on 13th September, 2017 there are 8 Maharatna companies.

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 List of Maharatna Companies in India
Maharatna Companies Important Facts
Bharat Heavy Electricals
Founded in – 1964, Headquarters – New Delhi
Limited (BHEL)
Bharat Petroleum
Nationalized in – 1976, Headquarters – Mumbai
Corporation Limited (BPCL)

Coal India Limited (CIL) Founded in – 1975, Headquarters – Kolkata

Gas Authority of India

Founded in – 1984, Headquarters – New Delhi
Limited (GAIL)
National Thermal Power
Founded in – 1975, Headquarters – New Delhi
Corporation (NTPC)
Indian Oil Corporation
Founded in – 1964, Headquarters – New Delhi
Limited (IOCL)
Oil and Natural Gas
Founded in – 1956, Headquarters – Dehradun
Corporation (ONGC)
Steel Authority of India
Founded in – 1954, Headquarters – New Delhi
Limited (SAIL)

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