How Many Miniratnas Companies in India

Introduction

In India, there are a total of 74 Miniratans. Miniratna are those that have positive net worth and also made a profit in the last continuous 3 years. There are two categories for Miniratna category 1 and category 2.

Types of Miniratan

Category I: This includes the PSUs (public sector undertakings that are owned by the government) that generated a profit of 30 crores in the previous 3 years.

Category II: This includes PSUs that have made a profit in the preceding 3 years and those who also have a positive network.

Top five categories I Miniratans

Airports Authority of India (AAI):

The Airports Authority of India (AAI) is a statutory body that is responsible for the creation, upgradation, maintenance, and management of civil aviation infrastructure in India. It was established in 1995 and is headquartered in New Delhi. The AAI operates and manages over 100 airports across India, including 11 international airports, 8 customs airports, and 89 domestic airports. AAI is also responsible for providing air traffic control services and air navigation services to ensure the safe and efficient flow of air traffic in Indian airspace.

Antrix Corporation Limited (ACL):

Antrix Corporation Limited is the commercial arm of the Indian Space Research Organization (ISRO). It was incorporated in 1992 and is responsible for the promotion and commercialization of space products and services from ISRO. ACL offers satellite-based communication and remote sensing services, and also provides launch services to customers globally. ACL has a diverse portfolio of products and services that includes satellite and launch services, satellite-based navigation, earth observation services, and telemetry, tracking and command services.

Bharat Earth Movers Limited (BEML):

Bharat Earth Movers Limited (BEML) is a public sector undertaking (PSU) under the Ministry of Defence. It was established in 1964 and is headquartered in Bengaluru. BEML is engaged in the manufacturing and sales of earth-moving equipment, heavy vehicles, and defence products. The company has a wide range of products, including bulldozers, dump trucks, hydraulic excavators, and other earth-moving equipment, as well as defence products like unmanned aerial vehicles and military aircraft.

Bharat Sanchar Nigam Limited (BSNL):

Bharat Sanchar Nigam Limited (BSNL) is a state-owned telecommunications company in India. It was established in 2000 and is headquartered in New Delhi. BSNL provides a wide range of telecommunication services, including fixed-line telephone services, mobile services, broadband services, and leased line services. BSNL operates in all the major cities and rural areas of India and has a large network of retail outlets and customer service centres.

Bharat Dynamics Limited (BDL):

Bharat Dynamics Limited (BDL) is a public sector undertaking (PSU) under the Ministry of Defence. It was established in 1970 and is headquartered in Hyderabad. BDL is involved in the production of guided missiles and other defence products. The company has a wide range of products, including anti-tank guided missiles, surface-to-air missiles, electronic warfare systems, and underwater weapons. BDL is known for its contribution to India's defence capabilities and has a reputation for producing high-quality defence products.

Name of top five category-II Miniratans

Artificial Limbs Manufacturing Corporation of India (ALIMCO):

Artificial Limbs Manufacturing Corporation of India (ALIMCO) is a public sector undertaking (PSU) under the Ministry of Social Justice and Empowerment. It was established in 1971 and is headquartered in Kanpur. ALIMCO is involved in the manufacturing of artificial limbs and rehabilitation aids for persons with disabilities. The company provides a wide range of products, including artificial limbs, wheelchairs, tricycles, and hearing aids, to help persons with disabilities lead independent life. ALIMCO operates through a network of regional offices and marketing centres across India.

Bharat Pumps and Compressors Limited (BPCL):

Bharat Pumps and Compressors Limited (BPCL) is a public sector undertaking (PSU) under the Ministry of Heavy Industries and Public Enterprises. It was established in 1974 and is headquartered in Allahabad. BPCL is involved in the manufacturing of centrifugal pumps, reciprocating compressors, and accessories. The company provides a wide range of products and services, including custom-made pumps, energy-efficient pumps, and after-sales support. BPCL has a large customer base, including the Indian defence forces, public sector undertakings, and private sector companies.

Broadcast Engineering Consultants India Limited (BECIL):

Broadcast Engineering Consultants India Limited (BECIL) is a public sector undertaking (PSU) under the Ministry of Information and Broadcasting. It was established in 1995 and is headquartered in Noida. BECIL provides consultancy services in the fields of information technology, broadcast engineering, and e-governance. The company provides a wide range of services, including project management, system integration, software development, and IT security. BECIL has a large client base, including the Indian government, public sector undertakings, and private sector companies.

Central Railside Warehouse Company Limited (CRWC):

Central Railside Warehouse Company Limited (CRWC) is a public sector undertaking (PSU) under the Ministry of Railways. It was established in 1998 and is headquartered in New Delhi. CRWC is involved in the development, management, and operation of railside warehouses in India. The company provides a wide range of services, including storage, handling, and transportation. CRWC has a large network of warehouses and storage facilities across India, serving the needs of a diverse customer base, including the Indian railways, public sector undertakings, and private sector companies.

Engineering Projects India Limited (EPIL):

Engineering Projects India Limited (EPIL) is a public sector undertaking (PSU) under the Ministry of Heavy Industries and Public Enterprises. It was established in 1979 and is headquartered in New Delhi. EPIL provides engineering and construction services in a variety of sectors, including power, infrastructure, and industrial projects. The company provides a wide range of services, including project management, design and engineering, construction, and commissioning. EPIL has a large client base, including the Indian government, public sector undertakings, and private sector companies.

Benefits of Miniratna companies

Miniratna's companies have investment benefits:

• Category-I: Miniratna category granted autonomy of 500 Crore rupees or equal to their net worth Whichever is low

• Category-II: Miniratna Category-II granted financial autonomy of 300 crore rupees or 50% of their net worth Whichever is low.

Conclusion

Miniratans company provides an impetus to economic growth. In a total of 74 Miniratan, there are 62 Miniratan category-I and 12 Miniratan category -II. With a certain condition, Miniratan public Centre Enterprises can be joined virtual or overseas or can set up the submitted company. There are a total of less than 50 public sector enterprises that have many returns status by the Indian government.