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Miniratna Companies: Category, List of Miniratna Companies In India

By Balaji

Updated on: February 17th, 2023

Miniratna Companies in India are accounted to be the companies holding 30 crores or more pre-tax profit minimum in one year out of three consecutive years. The companies must be in possession of a positive net worth. The Miniratna Companies in India have been segmented and classified into the category I and category II. The Government of India has laid forth the decision to facilitate profit-incurring companies with autonomy; hence Miniratna Companies can gain financial autonomy. The Miniratna company category I is having 64 companies while the Miniratna company category II is comprising 12 companies.

The Miniratna companies in India are an essential segment of the UPSC syllabus. The candidates must be possessing complete and detailed knowledge of the topic in order to gain a competitive edge and perform exceptionally well in the upcoming exam.

Table of content

(more)
  • 1. Miniratna Companies in India (more)
  • 2. Types of Miniratna Companies in India (more)
  • 3. Objectives of Miniratna Companies (more)
  • 4. Eligibility Criteria For Miniratna Companies In India (more)
  • 5. 14 Major Miniratna Companies in India (more)

Miniratna Companies in India

The initiative of holding Miniratna Companies with the objective of maintaining, and regulating the competitiveness, and diligence of the companies. The Government had laid forth the decision of providing financial autonomy and added their roles in the matters pertaining to the finances.

The Maharatna companies and Navratna companies are other segments of the Central Public Sector Enterprises [CPSEs] or Public Sector Enterprises [PSEs]. It is mandatory for the Miniratna companies in India to fit in the stipulated eligibility criteria to be able to incur financial autonomy and authority.

Maharatna Companies

Types of Miniratna Companies in India

Miniratna Companies are segregated into two major types, as they fit the varied eligibility criteria. They also receive different benefits in accordance with the type of category they belong to. Check here the types of the Miniratna Companies as illustrated here-

Miniratna Companies in India – Category I

It comprises the Public Sector Enterprises that have incurred profit in the consecutive three years. The companies that have attained profit of Rs. 30 crores in one of the three years. Here is the list of the Miniratna companies in India as illustrated here-

Miniratna Company List for Category 1

S.No

Miniratna Companies

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 and Roof Company (India) Limited

9

Central Warehousing Corporation

10

Central Coalfields Limited

11

Central Mine Planning and Design Institute Limited

12

Chennai Petroleum Corporation Limited

13

Cochin Shipyard Limited

14

EdCIL (India) Limited

15

Kamarajar Port Limited

16

Garden Reach Shipbuilders & Engineers Limited

17

Goa Shipyard Limited

18

Hindustan Copper Limited

19

HLL Lifecare Limited

20

Hindustan Newsprint Limited

21

Hindustan Paper Corporation Limited

22

Housing & Urban Development Corporation Limited

23

HSCC (India) Limited

24

India Tourism Development Corporation Limited

25

Indian Rare Earths Limited

26

Indian Railway Catering and Tourism Corporation Limited

27

Indian Railway Finance Corporation Limited

28

Indian Renewable Energy Development Agency Limited

29

Indian Trade Promotion Organization

30

IRCON International Limited

31

KIOCL Limited

32

Mazagaon Dock Shipbuilders Limited

33

Mahanadi Coalfields Limited

34

MOIL Limited

35

Mangalore Refinery & Petrochemical Limited

36

Mineral Exploration Corporation Limited

37

Mishra Dhatu Nigam Limited

38

MMTC Limited

39

MSTC Limited

40

National Fertilizers Limited

41

National Projects Construction Corporation Limited

42

National Small Industries Corporation Limited

43

National Seeds Corporation

44

NHPC Limited

45

Northern Coalfields Limited

46

North Eastern Electric Power Corporation Limited

47

Numaligarh Refinery Limited

48

ONGC Videsh Limited

49

Pawan Hans Helicopter Limited

50

Projects & Development Indian Limited

51

Railtel Corporation of India Limited

52

Rail Vikas Nagar Nigam

53

Rashtriya Chemicals & Fertilizers Limited

54

RITES Limited

55

SIVN Limited

56

Security Printing and Mining Corporation of India

57

South Eastern Coalfields Limited

58

Telecommunications Consultants India Limited

59

THDC India Limited

60

Western Coalfields India Limited

61

WAPCOS Limited

Miniratna Companies in India – Category II

These companies have attained profit constantly for three years. They also possess a net positive net worth for the prior three years. The complete list of the Miniratna companies in India category II has been illustrated here.

Miniratna Companies List for Category 2

S.No

Miniratna Companies

1

Artificial Limbs Manufacturing Corporation of India

2

Bharat Pumps & Compressors Limited

3

Broadcast Engineering Consultants India Limited

4

Central Railside Warehouse Company Limited

5

Engineering Projects (India) Limited

6

FCI Aravalli Gypsum & Minerals India Limited

7

Ferro Scrap Nigam Limited

8

HMT ( International) Limited

9

Indian Medicines & Pharmaceuticals Corporation Limited

10

MECON Limited

11

National Film Development Corporation Limited

12

Rajasthan Electronics & Instruments Limited

Objectives of Miniratna Companies

The Miniratna Companies in India possess numerous responsibilities. The Miniratna companies in category 1 can put 100 crores into investing without seeking the approval of the Government. The companies in category 2 can invest up to 50 crores.

  • The maximum limitation of financial autonomy has surged up to Rs. 500 crores and Rs. 250 crores.
  • The Miniratna Companies also possess the responsibility of enhancing global marketing.
  • The groups have been segmented into two categories, to fulfill the needs of commerce and surge the economic situation of the country.

Eligibility Criteria For Miniratna Companies In India

There are specified eligibility criteria for the Miniratna Companies that have been provided here. The companies that fit the prescribed criteria can be conferred the status of the Miniratna companies in India. The status of categories 1 and 2 is also dependent on the net profit and other criteria.

Miniratna Company Category 1 – Eligibility Criteria

  • The eligibility criteria of Miniratna Companies in India category 1 state that the companies must have acquired the profits for the prior three years.
  • They must have attained a profit of up to 30 crores in any one of the years out of the three preceding years.
  • They also receive an autonomy credited financially of 500 crores or equivalent to their net worth. It depends on which number is lower that will be their total financial autonomy.
  • These Miniratna Companies in India can invest this amount without seeking approval from Government officials.

Miniratna Company Category 2 Eligibility criteria

  • The eligibility criteria for Miniratna companies in category 2 are prescribed as those that have made a net profit in the last three years.
  • It should possess a positive net worth. They can attain financial autonomy up to 300 crores or finances equivalent to their net worth.
  • The main objective of the Miniratna Companies in India is to enhance economic growth.

14 Major Miniratna Companies in India

These 14 Miniratna Companies are highly renowned and play an instrumental role in enhancing the economy of the states. They cover the headlines for numerous accomplishments. They possess higher grades for roles and responsibilities. These major Miniratna companies in India are making their categories.

The list of the 14 Miniratna companies in India along with their highlighting features have been illustrated here-

  • Airports Authority of India– They are governing, manage, and regulating the infrastructures pertaining to the aviation industry.
  • Antrix Corporation– It works on numerous sectors such as supporting the mission, subsystems and spacecraft, Remote sensing, and the infrastructure at the ground for fulfilling the needs of the spaces.
  • Bharat Dynamics Limited– It forms and establishes to be the manufacturing unit and base of the guided weapon systems. There are numerous segments of this branch at Kanchanbagh, Hyderabad, etc. Numerous weapons are manufactured here such as the Air to Air missiles, and surface-to-air missiles.
  • Bharat Earth Movers Limited– It manufactures numerous pieces of equipment such as types of equipment needed for the railway. The types of equipment for underground mining. It also produces diesel engines and hydraulic types of equipment.
  • Bharat Sanchar Nigam Limited [BSNL]– This forms to be one of the first to be established during the British period.
  • Cochin Shipyard– It provides maintenance facilities in India, and is the largest building of the ships.
  • Garden Reach Shipbuilders & Engineers [GSRE]– It is a major shipyard on the West Coast of India.
  • Goa Shipyard [GSL]– The company is focused on shipbuilding, and is situated on the West Coast of India.
  • Indian Railway Catering and Tourism Corporation [IRCTC]- The major segment of the Indian Railways that regulates and governs numerous segments such as tourism, catering services, and the systems of online bookings.
  • IRCON International– It focuses on the infrastructure of the transports.
  • Mazagon Docks Shipbuilders Limited [ MDL]– The shipyard that is focused on the manufacture of warships and submarines for the Indian Navy.
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