Maharatna Company List 2025

Maharatna Company List 2025: Public Sector Undertakings (PSUs) in India are government-owned entities that fall into different categories based on their financial autonomy. These categories include Maharatna, Navaratna, Miniratna Category-I, and Miniratna Category-II. Currently, as of May 2023, there are 12 Maharatna companies in India, along with 13 Navratna companies and 73 Miniratna companies, which comprise 62 in Category-I and 11 in Category-II.

To achieve the Maharatna status, a company must meet specific criteria: an average annual net profit of over ₹2,500 crores over three years, an average annual net worth of ₹10,000 crores over three years, or an average annual turnover of ₹20,000 crores for three years. Recently, the Rural Electrification Corporation Limited (REC) acquired the Maharatna status, marking the total to 12 Maharatna companies. Below is the updated list of Maharatna, Navratna, and Miniratna Central Public Sector Enterprises (CPSEs).

Maharatna Company List 2025

With the recent inclusion of Power Finance Corporation Limited (PFCL) and Rural Electrification Corporation Limited (REC), there are now 12 Maharatna companies in India. The complete Maharatna company list is provided below:

1. Bharat Heavy Electricals Limited (BHEL)
2. Bharat Petroleum Corporation Limited (BPCL)
3. Coal India Limited (CIL)
4. Gas Authority of India Limited (GAIL)
5. Hindustan Petroleum Corporation Limited (HPCL)
6. Indian Oil Corporation Limited (IOCL)
7. National Thermal Power Corporation (NTPC)
8. Oil and Natural Gas Corporation (ONGC)
9. Power Finance Corporation Limited (PFCL)
10. Power Grid Corporation of India (POWERGRID)
11. Rural Electrification Corporation Limited (REC)
12. Steel Authority of India Limited (SAIL)

Maharatna Company List 2025 PDF

You can download the PDF for the Maharatna company list, Navratna company list, and lists of Miniratna companies (Category-I and Category-II) from the link below:

• Maharatna CPSEs - 12
• Navratna CPSEs - 13
• Miniratna I CPSEs - 62
• Miniratna II CPSEs - 11

Download PDF File

Navratna Company List 2025

The Navratna status is the second-highest designation for a company. To qualify as a Navratna company, a Miniratna company must achieve a score of at least 60 out of 100 based on six different criteria, including net profit, net worth, total labor cost, total production cost, service costs, and profit before income tax deductions (PBDIT). The following is the list of all 13 Navratna companies:

1. Bharat Electronics Limited (BEL)
2. Container Corporation of India Limited
3. Engineers India Limited (EIL)
4. Hindustan Aeronautics Limited (HAL)
5. Mahanagar Telephone Nigam Limited (MTNL)
6. National Aluminum Company (NALCO)
7. National Buildings Construction Corporation (NBCC)
8. Neyveli Lignite Corporation Limited (NLCL)
9. National Mineral Development Corporation (NMDC)
10. NLC India Limited (NLCIL)
11. Oil India Limited (OIL)
12. Rashtriya Ispat Nigam Limited (RINL)
13. Shipping Corporation of India (SCI)

Miniratna I Company List 2025

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. Braithwaite & Company Limited
9. Bridge & Roof Company (India) Limited
10. Central Warehousing Corporation
11. Central Coalfields Limited
12. Central Mine Planning & Design Institute Limited
13. Chennai Petroleum Corporation Limited
14. Cochin Shipyard Limited
15. Cotton Corporation of India Ltd.
16. EdCIL (India) Limited
17. Garden Reach Shipbuilders & Engineers Limited
18. Goa Shipyard Limited
19. Hindustan Copper Limited
20. Hindustan Steelworks Construction Limited
21. HLL Lifecare Limited
22. Hindustan Paper Corporation Limited
23. Housing & Urban Development Corporation Limited
24. HSCC (India) Limited
25. India Tourism Development Corporation Limited
26. Indian Rare Earths Limited
27. Indian Railway Catering & Tourism Corporation Limited
28. Indian Railway Finance Corporation Limited
29. Indian Renewable Energy Development Agency Limited
30. India Trade Promotion Organization
31. IRCON International Limited
32. KIOCL Limited
33. Mazagaon Dock Shipbuilders Limited
34. Mahanadi Coalfields Limited
35. MOIL Limited
36. Mangalore Refinery & Petrochemical Limited
37. Mineral Exploration Corporation Limited
38. Mishra Dhatu Nigam Limited
39. MMTC Limited
40. MSTC Limited
41. National Fertilizers Limited
42. National Projects Construction Corporation Limited
43. National Small Industries Corporation Limited
44. National Seeds Corporation
45. NHPC Limited
46. Northern Coalfields Limited
47. North Eastern Electric Power Corporation Limited
48. Numaligarh Refinery Limited
49. ONGC Videsh Limited
50. Pawan Hans Helicopters Limited
51. Projects & Development India Limited
52. Railtel Corporation of India Limited
53. Rashtriya Chemicals & Fertilizers Limited
54. RITES Limited
55. SJVN Limited
56. Security Printing and Minting Corporation of India Limited
57. Solar Energy Corporation of India Limited
58. South Eastern Coalfields Limited
59. Telecommunications Consultants India Limited
60. THDC India Limited
61. Western Coalfields Limited
62. WAPCOS Limited

Miniratna II Company List 2025

1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors Limited
3. Broadcast Engineering Consultants India Limited
4. Engineering Projects (India) Limited
5. FCI Aravali Gypsum & Minerals India Limited
6. Ferro Scrap Nigam Limited
7. HMT (International) Limited
8. Indian Medicines & Pharmaceuticals Corporation Limited
9. MECON Limited
10. National Film Development Corporation Limited
11. Rajasthan Electronics & Instruments Limited

Also read:

List of PSU in India 2025 with All Details of Public Sector Undertaking