PUBLIC

COMPANIES
What is public company?
A public company is defined as a company that offers a part of its
ownership in the form of shares, debentures, bonds, securities to the
general public through stock market. There must be atleast seven
members to form a public company.

Maharatna Navaratna Miniratna

MAHARATNA
PSUs in India are also classified based
on their non-financial goals and are
registered under Section 8 of the
Companies Act, 2013. (erstwhile Section
25 of Companies Act, 1956). The
government established a higher
Maharatna category in 2010.

Maharatna status is granted to a

company that has recorded more than
Rs. 5,000 crore of net profit for three
consecutive years, an average annual
turnover of Rs. 25,000 crore for three
years or should have an average annual
net worth of Rs. 15,000 crore for three
years.
CRITERIA FOR
MAHARATNA
Having Navratna status.

Listed on Indian stock exchange with minimum prescribed public

shareholding under SEBI regulations.

Average annual turnover of more than Rs. 25,000 crore, during the

last 3 years.

Average annual net worth of more than Rs. 15,000 crore, during the

last 3 years.

Average annual net profit after tax of more than Rs. 5,000 crore,

during the last 3 years.

Should have significant global presence/international operations.

 MAHARATNA
COMPANIES
1. Bharat Heavy Electricals Limited
2. Bharat Petroleum Corporation Limited
3. Coal India Limited
4. GAIL India Limited
5. Hindustan Petroleum Corporation Limited
6. Indian Oil Corporation Limited
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited,
9. Power Finance Corporation
10. Power Grid Corporation of India Limited
11. Steel Authority of India Limited
NAVARATNA
In India, Navratna companies are a group of
public sector companies having financial
autonomy to invest up to Rs. One thousand
crores without seeking clearance from the
government. In 1997, nine Public Sector
Enterprises (PSEs) were accorded the Navratna
title for the first time.

In India, Navratna firms are a set of Central

Public Sector Enterprises (CPSEs) with more
financial autonomy from the government. They
can invest up to 1,000 crores without seeking
explicit government permission. They can
invest up to 15% of their net wealth in a single
project or 30% of their net worth over a year,
but not more than 1,000 crores. These
businesses have a competitive edge globally
because they have more autonomy.
CRITERIA FOR
NAVARATNA
The Miniratna Category – I and Schedule ‘A’ CPSEs, which have

obtained ‘excellent’ or ‘very good’ rating under the Memorandum

of Understanding system in three of the last five years, and have

composite score of 60 or above in the six selected performance

parameters, namely,

net profit to net worth,

manpower cost to total cost of production/services,

profit before depreciation, interest and taxes to capital

employed,

profit before interest and taxes to turnover,

earning per share and

inter-sectoral performance.
NAVARATNA
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 Aluminium Company (NALCO)
7. National Buildings Construction Corporation
(NBCC)
8. NationCal Mineral Development Corporation
(NMDC)
9. NLC India Limited (NLCIL)
10. Oil India Limited (OIL)
11. Power Finance Corporation (PFC)
12. Rashtriya Ispat Nigam Limited (RINL)
13. Rural Electrification Corporation (REC)
14. Shipping Corporation of India (SCI)
MINIRATNA
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 Miniratnas can be divided into two

categories I and II.
Category - I: It includes the PSUs that have
made profits in the previous three years or
have generated a profit of Rs 30 crore or
more in one of the preceding three years.
Category - II: It includes the PSUs that
have made profits in the preceding three
years and have a positive net worth in all
three preceding years.
CRITERIA FOR
MINIRATNA
The CPSEs ( Central Public Sector Enterprises ) which

have made profits in the last three years continuously

and have positive net worth are eligible to be

considered for grant of Miniratna status.

MINIRATNA
COMPANIES
There are 73 Miniratna
Companies in India 62 of
Category 1 and 12 of Category 2.
Some of them are:
1. Housing & Urban Development Corporation
Limited
2. HSCC (India) Limited
3. India Tourism Development Corporation Limited
4. Indian Rare Earths Limited
5. Indian Railway Catering & Tourism Corporation
Limited
6. Artificial Limbs Manufacturing Corporation of India
7. Bharat Pumps & Compressors Limited
8. Broadcast Engineering Consultants India Limited
9. Central Railside Warehouse Company Limited
CPSE'S IN PIE CHART
Maharatna companies are 11% of
CPSEs.
Navaratna companies are 14% of
CPSEs.
Miniratna companies are 75% of CPSEs.
THANK
YOU