How Many Maharatna Companies in India

Introduction

In India, there are a total of 11 Maharatna companies. The status of Maharatna Companies is given by the central public sector enterprises through the Government of India. Maharatna companies come under the ministry of heavy industry and public enterprises. Maharatna companies are those companies that have had an annual turnover of more than 25 crores in the past 3 years they should also be listed on the Indian stock exchange.

Maharatna Companies are top public sector companies in India, which have been granted the Maharatna status by the Government of India. This status is given based on the company's performance, financial position, and contribution to the Indian economy. The Maharatna status gives these companies greater autonomy and allows them to make significant financial and investment decisions without government approval.

Maharatna companies

• Bharat Heavy Electricals Limited (BHEL): BHEL is a leading engineering and manufacturing company in India that specialises in the design, engineering, and production of power plant equipment, industrial boilers, and turbines.

• Bharat Petroleum Corporation Limited (BPCL): BPCL is a leading petroleum refining and marketing company in India. It operates two large refineries in Mumbai and Kochi and has a network of over 18,000 retail outlets across the country.

• Coal India Limited (CIL): CIL is the largest coal-producing company in the world. It is responsible for mining and supplying coal to various industries across the country, including power, steel, and cement.

• GAIL India Limited: GAIL is a natural gas transmission and marketing company that operates a network of pipelines across the country. It also has interests in petrochemicals and liquefied natural gas (LNG).

• Hindustan Petroleum Corporation Limited (HPCL): HPCL is a leading petroleum refining and marketing company in India. It operates two large refineries in Mumbai and Visakhapatnam and has a network of over 15,000 retail outlets across the country.

• Indian Oil Corporation Limited (IOCL): IOCL is the largest oil refining and marketing company in India. It operates 11 refineries across the country and has a network of over 30,000 retail outlets.

• NTPC Limited: NTPC is a leading power generation company in India. It operates thermal and hydropower plants across the country and has a total installed capacity of over 64,000 MW.

• Oil & Natural Gas Corporation Limited (ONGC): ONGC is the largest oil and gas exploration and production company in India. It operates in offshore and onshore fields and is also involved in the refining and marketing of petroleum products.

• Power Finance Corporation (PFC): PFC is a leading provider of finance for the power sector in India. It provides financial assistance to power projects and also provides consultancy services for power projects.

• Power Grid Corporation of India Limited (POWERGRID): Power Grid is responsible for the transmission of power across the country. It operates a network of over 1,60,000 km of transmission lines and has a total inter-regional transmission capacity of over 77,000 MW.

• Steel Authority of India Limited (SAIL): SAIL is one of the largest steel producers in India. It operates integrated steel plants and specialises in the production of flat and long products for various industries, including construction, automobiles, and railways.

Eligibility criteria for Maharatna company

To be eligible for the Maharatna status, a company must first be a Navratna company. Once a company is designated as Navratna, it must fulfil certain additional criteria to be granted Maharatna status. The eligibility criteria for Maharatna status include the following:

• Annual Turnover: The company must have an annual turnover of at least Rs. 25,000 crore for the last three years. This criterion ensures that only large and financially stable companies are eligible for the Maharatna status.

• Net Worth: The company must have a net worth of at least Rs. 15,000 crore. Net worth is the difference between a company's total assets and its total liabilities. This criterion ensures that only financially strong companies are eligible for the Maharatna status.

• Profitability: The company must have earned a net profit of at least Rs. 5,000 crore in the last three years. Net profit is the amount of money a company earns after deducting all its expenses. This criterion ensures that only profitable companies are eligible for the Maharatna status.

• Global Operations: The company must have significant global operations. This criterion ensures that only companies with a significant international presence and a strong global reputation are eligible for the Maharatna status.

In addition to these eligibility criteria, a company must also have an excellent track record in terms of corporate governance, compliance with regulations, and ethical business practices. The company must also have a clear vision and strategy for growth and development, which aligns with the broader national economic objectives.

The Maharatna status gives these companies greater autonomy and allows them to make significant financial and investment decisions without government approval. They are expected to take on a leadership role in their respective sectors and contribute to the overall development of the Indian economy.

Conclusion

Maharatna companies in India are highly prestigious and financially independent public sector enterprises that play a crucial role in key sectors such as energy, infrastructure, and manufacturing. They have the freedom to invest heavily in large-scale projects and offer their employees a range of benefits typically reserved for central government employees. Their officers are recognized as gazetted officers, highlighting their importance in the Indian economy.