Maharatna Companies In India

In India, a Maharatna Company is a public sector enterprise (PSE) that holds the highest status of financial autonomy, allowing it to make large-scale investments and decisions independently. This designation was introduced by the Indian government in 2010 to empower its leading PSEs to compete globally and boost the economy.

Key Features of Maharatna Companies:

1. Financial Autonomy: Maharatna companies can invest up to ₹5,000 crore (about USD 600 million) in a single project without government approval, compared to lower caps for other PSE categories.
2. Operational Freedom: These companies can expand operations, enter joint ventures, or acquire other companies without requiring prior government clearance.
3. Global Presence: The Maharatna status is intended to help PSEs expand their presence internationally and strengthen their competitive position.

Eligibility Criteria for Maharatna Status:

• Net Worth: ₹15,000 crore or more over the past three years.
• Turnover: Annual turnover of ₹25,000 crore or more over the last three years.
• Profitability: Net profit of at least ₹5,000 crore for the past three years.
• Navratna Status: The company must already hold the Navratna status, which is the next level below Maharatna.

Here is the list of Maharatna Companies in India (2024)

1. Bharat Heavy Electricals Limited (BHEL)
2. Bharat Petroleum Corporation Limited (BPCL)
3. Coal India Limited (CIL)
4. GAIL India Limited
5. Hindustan Petroleum Corporation Limited (HPCL)
6. Indian Oil Corporation Limited (IOCL)
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited (ONGC)
9. Power Finance Corporation (PFC)
10. Power Grid Corporation of India Limited
11. Steel Authority of India Limited (SAIL)
12. Rural Electrification Corporation Limited (REC)
13. Oil India Limited (OIL)
14. Hindustan Aeronautics Limited (HAL)

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