How many Maharatna Companies are in India?
By BYJU'S Exam Prep
Updated on: September 13th, 2023
There are 11 Maharatna Companies in India. The status of ‘Maharatna’ is accorded to a company that has witnessed more than Rs. 5,000 crores of net profit for three consecutive years, an average annual turnover of Rs. 25,000 crores for three years or should have an average annual net worth of Rs. 15,000 crores for three years.
Maharatna Companies in India
Maharatna Companies are a type of government organisation in India. They are also referred to as government-owned businesses or government-owned corporations. Public Sector Undertakings (PSUs) or Public Sector Enterprises (PSEs) are organisations in which the Government of India has a financial or controlling interest or that the government has established for the development, monopoly control, offering goods and services to the public at reasonable prices, and for profit-making purposes.
- The higher Maharatna category, which was established by the central government in 2010, raises the investment ceiling for a public sector unit from $1,000 billion to $5,000 billion.
- Currently, Maharatna public sector units may invest up to 15% of their net worth in a project, while Navaratna companies may do so up to Rs. 1,000 crores without express government consent.
- Less extensive financial autonomy is provided by two Miniratna categories.
Maharatna Companies
Following is the list of Mahartana Companies in India:
1. Power Grid Corporation of India Limited
2. Bharat Petroleum Corporation Limited
3. Steel Authority of India Limited
4. GAIL India Limited
5. Indian Oil Corporation Limited
6. NTPC Limited
7. Hindustan Petroleum Corporation Limited
8. Oil & Natural Gas Corporation Limited
9. Power Finance Corporation
10. Bharat Heavy Electricals Limited
11. Coal India Limited
Summary:
How many Maharatna Companies are in India?
In India, there are 11 Maharatna Companies. A company is given the title of “Maharatna” if it has a net profit of more than 5,000 crores rupees for three straight years, an average annual revenue of 25,000 crores rupees for three years, or an average annual net worth of 15,000 crores rupees for three years.
Related Questions:
- Who got the First Oscar Award in India?
- What is the Difference between Companies Act 1956 and Companies Act 2013?
- Who was the First Non-Indian to Receive the Bharat Ratna?
- Who was the First Indian to Receive the Nobel Prize?
- Who was the First Indian Women Awardee of Bharat Ratna?
- What are the 5 Roles of Financial Markets?
