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List Of Maharatna, Navratna And Miniratna CPSEs

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The Complete list of Maharatna, Navratna and Miniratna CPSEs (Central Public Sector Enterprises) and their status criteria are as of date October 26, 2014 are as follows.

Maharatna CPSEs

The following are the criteria required to procure a Maharatna status for CPSEs.


  • The company should possess Navratna status.
  • Its should be listed on Indian stock exchange with minimum prescription of public shareholding under SEBI regulations.
  • Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
  • Average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
  • Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
  • The entity should have significant global presence/international operations.

Seven CPSEs possess Maharatna status which are as follows


  1. Bharat Heavy Electricals Limited
  2. Coal India Limited
  3. GAIL (India) Limited
  4. Indian Oil Corporation Limited
  5. NTPC Limited
  6. Oil & Natural Gas Corporation Limited
  7. Steel Authority of India Limited

Navratna CPSEs

The following are the criteria required to procure a Navaratna status for CPSEs.

  • And a composite score of 60 or above out of possible 100 marks in the six selected performance parameters which are as follows
  • At least three ‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) ratings during the last five years.
  • The entity must have Miniratna Category – I status alongwith Schedule ‘A’ listing.


  1. Net Profit to Net Worth 
  2. Manpower cost to cost of production or services 
  3. Gross margin as capital employed 
  4. Gross profit as Turnover 
  5. Earnings per Share 
  6. Inter-Sectoral comparison based on Net profit to net worth.

Seventeen CPSEs possess Navratna status which are as follows

  1. Bharat Electronics Limited
  2. Bharat Petroleum Corporation Limited
  3. Container Corporation of India Limited
  4. Engineers India Limited
  5. Hindustan Aeronautics Limited
  6. Hindustan Petroleum Corporation Limited
  7. Mahanagar Telephone Nigam Limited
  8. National Aluminium Company Limited
  9. National Buildings Construction Corporation Limited
  10. NMDC Limited
  11. Neyveli Lignite Corporation Limited
  12. Oil India Limited
  13. Power Finance Corporation Limited
  14. Power Grid Corporation of India Limited
  15. Rashtriya Ispat Nigam Limited
  16. Rural Electrification Corporation Limited
  17. Shipping Corporation of India Limited

Miniratna Category – I CPSEs

The following are the criteria required to procure a Miniratna category – I status for CPSEs.

The CPSEs that have made profits in the last three years in a row and should have net worth. The pre-tax profit should be Rs. 30 Crores or more in atleast one of the three years.

Fifty four CPSEs possess Miniratna Category – I status which are as follows

  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. Chennai Petroleum Corporation Limited
  12. Cochin Shipyard Limited
  13. Dredging Corporation of India Limited
  14. Kamarajar Port Limited
  15. Garden Reach Shipbuilders & Engineers Limited
  16. Goa Shipyard Limited
  17. Hindustan Copper Limited
  18. HLL Lifecare Limited
  19. Hindustan Newsprint Limited
  20. Hindustan Paper Corporation Limited
  21. Housing & Urban Development Corporation Limited
  22. India Tourism Development Corporation Limited
  23. Indian Rare Earths Limited
  24. Indian Railway Catering & Tourism Corporation Limited
  25. IRCON International Limited
  26. KIOCL Limited
  27. Mazagaon Dock Limited
  28. Mahanadi Coalfields Limited
  29. Manganese Ore (India) Limited
  30. Mangalore Refinery & Petrochemical Limited
  31. Mishra Dhatu Nigam Limited
  32. MMTC Limited
  33. MSTC Limited
  34. National Fertilizers Limited
  35. National Seeds Corporation Limited
  36. NHPC Limited
  37. Northern Coalfields Limited
  38. North Eastern Electric Power Corporation Limited
  39. Numaligarh Refinery Limited
  40. ONGC Videsh Limited
  41. Pawan Hans Helicopters Limited
  42. Projects & Development India Limited
  43. Railtel Corporation of India Limited
  44. Rail Vikas Nigam Limited
  45. Rashtriya Chemicals & Fertilizers Limited
  46. RITES Limited
  47. SJVN Limited
  48. Security Printing and Minting Corporation of India Limited
  49. South Eastern Coalfields Limited
  50. State Trading Corporation of India Limited
  51. Telecommunications Consultants India Limited
  52. THDC India Limited
  53. Western Coalfields Limited
  54. WAPCOS Limited

Miniratna Category-II CPSEs

The following are the criteria required to procure a Miniratna category – II status for CPSEs.

The CPSEs that have made profits in the last three years in a row and should have net worth. 

Eighteen CPSEs possess Miniratna Category – II status which are as follows

  1. Bharat Pumps & Compressors Limited
  2. Broadcast Engineering Consultants (I) Limited
  3. Central Mine Planning & Design Institute Limited
  4. Central Railside Warehouse Company Limited
  5. Ed.CIL (India) Limited
  6. Engineering Projects (India) Limited
  7. FCI Aravali Gypsum & Minerals India Limited
  8. Ferro Scrap Nigam Limited
  9. HMT (International) Limited
  10. HSCC (India) Limited
  11. India Trade Promotion Organisation
  12. Indian Medicines & Pharmaceuticals Corporation Limited
  13. M E C O N Limited
  14. Mineral Exploration Corporation Limited
  15. National Film Development Corporation Limited
  16. National Small Industries Corporation Limited
  17. P E C Limited
  18. Rajasthan Electronics & Instruments Limited


Totally 7 Maharatna, 17 Navaratna and 72 Miniratna (54 -category – I & 18 – Category – II)CPSEs are present in India.