List Of Maharatna Companies In India 2021

List Of Maharatna Companies

Last Updated: 18 August 2021

Before we get into the list of Maharatna Companies, You first need to understand why some Indian Companies are called Public Sector Undertakings (PSUs).

In India, a Government-owned Enterprise is called a Public Sector Undertaking (PSU) or a Public Sector Enterprise. These companies are wholly or partly owned by the Government of India or one of the many State or Territorial Governments or both together in parts.

Officers working for these companies are gazetted officers and Employees subordinate to the officers are full-fledged government employees.

The Government of India gives the special status of “Maharatna Company” to some of the Central Public Sector Enterprises (CPSEs) who fulfill the criteria through exemplary performance.

Such a company’s stock is majority-owned by the Government of India in the name of the President of India. In 1951, there were just 5 enterprises in the public sector in India, but in March 2019 this had increased to 348.

Criteria For Maharatna Status


  • The company should have “Navratna” status.
  • The company should be listed on the Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
  • The company should have an average Annual Turnover of more than ₹25,000 crores during the last 3 years.
  • The company should have an average Annual Net Worth of more than ₹15,000 crores during the last 3 years.
  • The company should have an average Annual Net Profit after tax of more than ₹5,000 crores during the last 3 years.
  • The company should have a significant Global Presence or International Operations.

List Of Maharatna Companies


No.CompanyAcronymFounded
1Bharat Heavy Electricals LimitedBHEL1964
2Bharat Petroleum Corporation LimitedBPCL1952
3Coal India LimitedCIL1975
4GAIL India LimitedGAIL1984
5Hindustan Petroleum Corporation LimitedHPCL1974
6Indian Oil Corporation LimitedIOCL1959
7National Thermal Power Corporation LimitedNTPC1975
8Oil and Natural Gas Corporation LimitedONGC1956
9Power Grid Corporation of India LimitedPOWERGRID1989
10Steel Authority of India LimitedSAIL1954

10 Interesting Facts About PSUs


  1. As of 2021, there are 10 Maharatnas, 14 Navratnas, and 74 Miniratna Companies.
  2. There are a total of 348 CPSEs (Central Public Sector Enterprises).
  3. Originally, the term “Navaratna” meant a talisman composed of nine precious gems.
  4. Financial autonomy was initially awarded to nine PSUs as Navratna status in 1997.
  5. In 2010, the Government established the higher “Maharatna Category”, which raises a company’s investment ceiling from ₹1,000 crore to ₹5,000 crores.
  6. The Maharatna firms can decide on investments of up to 15% of their net worth in a project while the Navaratna companies could invest up to ₹1,000 crores without explicit government approval.
  7. PSUs in India are categorized based on their special non-financial objectives and are registered under Section 8 of the Companies Act, 2013.
  8. The performance of Maharatna CPSEs would be reviewed annually by the Inter-Ministerial Committee, and thereafter by the Apex Committee headed by the Cabinet Secretary which will recommend continuation or divestment of Maharatna status.
  9. PSUs are classified as Central Public Sector Undertakings (CPSUs) which are wholly or partly owned by the Government of India or State Level Public Sector Undertakings (SLPSUs) which are wholly or partly owned by State or Territorial Governments.
  10. The Largest holding of the Government of India in a Maharatna Company is in Coal India Limited (66.13%).

Details Of Maharatna Companies


1Bharat Heavy Electricals Limited

Maharatna Company
No.HeadingInformation
1IndustryElectrical Equipment
2Founded1964
3HeadquartersNew Delhi
4Area servedWorldwide
5ChairmanNalin Shinghal
6OwnerGovernment of India (63.17%)
7ParentMinistry of Heavy Industries and Public Enterprises
8SubsidiaryBHEL Electrical Machines Limited
9Websitewww.bhel.com
10Products1) Automation & Control Systems
2) Boilers
3) Electric Motors
4) Electric Locomotives
5) Gas & Steam Turbines
6) Generators
7) Heat Exchangers
8) Power Electronics
9) Switchgears & Sensors
10) Transmission Systems
11Traded AsBSE: 500103
NSE: BHEL
12ISININE257A01026
13RemarksBHEL is India’s largest power generation equipment manufacturer

2Bharat Petroleum Corporation Limited

Maharatna Company
No.HeadingInformation
1IndustryOil & Gas
2Founded1952
3HeadquartersMumbai
4Area servedIndia
5ChairmanK. Padmakar
6OwnerGovernment of India (54.93%)
7ParentMinistry of Petroleum and Natural Gas
8Subsidiary1) Bharat Gas Resources Limited
2) Bharat Oman Refinery Limited
3) Bharat Petroresources Limited
4) Bharat Renewable Energy Limited
5) Indraprastha Gas Limited
6) Petronet LNG
9Websitewww.bharatpetroleum.com
10Products1) LNG
2) Lubricants
3) Natural Gas
4) Petrochemicals
5) Petroleum
11Traded AsBSE: 500547
NSE: BPCL
NSE: NIFTY 50 Constituent
12ISININE029A01011
13RemarksIt was ranked 309th on the 2020 Fortune Global 500 list of the world’s biggest corporations, and 792nd on Forbes’s 2021 “Global 2000” list

3Coal India Limited

Maharatna Company
No.HeadingInformation
1IndustryMining & Refinery
2Founded1975
3HeadquartersKolkata
4Area servedIndia
5ChairmanPramod Agarwal
6OwnerGovernment of India (66.13%)
7ParentMinistry of Coal
8Subsidiary1) Bharat Coking Coal Limited
2) Central Coalfields Limited
3) Eastern Coalfields Limited
4) Mahanadi Coalfields Limited
5) Northern Coalfield Limited
6) South Eastern Coalfields Limited
7) Western Coalfields Limited
9Websitewww.coalindia.in
10ProductsCoal
11Traded AsBSE: 533278
NSE: COALINDIA
NSE: NIFTY 50 Constituent
12ISININE522F01014
13RemarksCIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions

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4GAIL India Limited

Maharatna Company
No.HeadingInformation
1IndustryEnergy
2Founded1984
3HeadquartersNew Delhi
4Area servedWorldwide
5ChairmanManoj Jain
6OwnerGovernment of India (51.82%)
7ParentMinistry of Petroleum and Natural Gas
8Subsidiary1) Brahmaputra Cracker and Polymer Limited
2) GAIL Gas Limited
3) GAIL Global (Singapore) Pte Limited
4) GAIL Global (USA) Inc
5) GAIL Global (USA) LNG LLC
9Websitewww.gailonline.com
10Products1) City Gas Distribution
2) E&P
3) Electricity Generation
4) Liquid Hydrocarbons
5) Liquefied Petroleum Gas Transmission
6) Natural Gas
7) Petrochemical
11Traded AsBSE: 532155
NSE: GAIL
LSE: GAID
NSE: NIFTY 50 Constituent
12ISININE129A01019
13RemarksGAIL transmits more than 160 million cubic meters per day at standard gas conditions through its dedicated pipelines and has more than 70% market share in gas transmission and marketing

5Hindustan Petroleum Corporation Limited

Maharatna Company
No.HeadingInformation
1IndustryOil & Gas
2Founded1974
3HeadquartersMumbai
4Area servedIndia
5ChairmanMukesh Kumar Surana
6Employees10,352 (2020)
7ParentOil and Natural Gas Corporation (53.56%)
8Subsidiary1) CREDA-HPCL Biofuels Limited
2) HPCL Biofuels Limited
3) HPCL Rajasthan Refinery Limited
4) HP Drive Track Plus cards
9Websitewww.hindustanpetroleum.com
10Products1) LNG
2) Lubricants
3) Natural gas
4) Petrochemicals
5) Petroleum
11Traded AsBSE: 500104
NSE: HINDPETRO
12ISININE094A01015
13RemarksHPCL was removed from NIFTY 50 INDEX in March 2019 and On 24 October 2019, the company became a Maharatna PSU

6Indian Oil Corporation Limited

Indian Oil Corporation Limited Logo
No.HeadingInformation
1IndustryOil & Gas
2Founded30 June 1959
3HeadquartersNew Delhi
4Area servedWorldwide
5ChairmanShrikant Madhav Vaidya
6OwnerGovernment of India (51.50%)
7ParentMinistry of Petroleum and Natural Gas
8Subsidiary1) IndianOil (Mauritius) Limited
2) Chennai Petroleum Corporation Limited
3) Lanka IOC PLC
4) IOC Middle East FZE Indane
9Websitewww.iocl.com
10Products1) LNG
2) Lubricants
3) Natural Gas
4) Petrochemicals
5) Petroleum
11Traded AsBSE: 530965
NSE: IOC
NSE: NIFTY 50 Constituent
12ISININE242A01010
13RemarksIt is India’s largest downstream oil company, a turnover of ₹4,87,152 crore and a net profit of 19,313 crores after taxes for the financial year 2019-20

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7National Thermal Power Corporation Limited

National Thermal Power Corporation Limited Logo
No.HeadingInformation
1IndustryElectricity
2Founded7 November 1975
3HeadquartersNew Delhi
4Area servedIndia
5ChairmanGurdeep Singh
6OwnerGovernment of India (64.74%)
7ParentMinistry of Power
8Subsidiary1) North Eastern Electric Power Corporation Limited
2) THDC India Limited
3) NSPCL
9Websitewww.ntpc.co.in
10Services1) Electricity Generation & Distribution
2) Natural Gas Exploration
3) Production
4) Transportation
5) Distribution
11Traded AsBSE: 532555
NSE: NTPC
BSE: SENSEX Constituent
NSE: NIFTY 50 Constituent
12ISININE733E01010
13RemarksNTPC currently produces 25 billion units of electricity per month

8Oil and Natural Gas Corporation Limited

il and Natural Gas Corporation Limited Logo
No.HeadingInformation
1IndustryOil & Gas
2Founded14 August 1956
3HeadquartersNew Delhi
4Area servedWorldwide
5ChairmanSubhash Kumar
6OwnerGovernment of India (60.41%)
7ParentMinistry of Petroleum and Natural Gas
8Subsidiary1) Hindustan Petroleum Corporation Limited
2) Imperial Energy Corporation
3) Mangalore Refinery and Petrochemicals Limited
4) ONGC Videsh
5) ONGC Petro-Additions Limited
6) ONGC Tripura Power Company
9Websitewww.ongcindia.com
10Products1) Electricity
2) LNG
3) Lubricants
4) Natural gas
5) Petrochemicals
6) Petroleum
11Traded AsNSE: ONGC
BSE: 500312
BSE: SENSEX Constituent
NSE: NIFTY 50 Constituent
12ISININE213A01029
13RemarksIn a survey by the Government of India for the fiscal year 2019–20, ONGC was ranked as the largest profit-making PSU in India

9Power Grid Corporation of India Limited

Power Grid Corporation of India Limited Logo
No.HeadingInformation
1IndustryElectricity Grids
2Founded23 October 1989
3HeadquartersGurgaon
4Area servedIndia
5ChairmanKandikuppa Sreekant
6OwnerGovernment of India (51.34%)
7ParentMinistry of Power
8Subsidiary1) Grid Conductors Limited
2) Power System Operation Corporation Limited
3) Powertel India Limited
9Websitewww.powergrid.in
10Products1) Distribution
2) Energy Trading
3) Transmission
11Traded AsNSE: Powergrid
BSE: 532898
BSE: SENSEX Constituent
NSE: NIFTY 50 Constituent
12ISINISIN: INE752E01010
13RemarksPower Grid transmits about 50% of the total power generated in India on its transmission network

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10Steel Authority of India Limited

Steel Authority of India Limited Logo
No.HeadingInformation
1IndustrySteel
2Founded19 January 1954
3HeadquartersNew Delhi
4Area servedWorldwide
5ChairmanSoma Mondal
6OwnerGovernment of India (64.9%)
7ParentMinistry of Steel
8SubsidiaryNSPCL
9Websitewww.sail.co.in
10Products1) Flat Steel Products
2) Long Steel Products
3) Plates
4) Steel
5) Wire Products
6) Wheel & Axle for Indian Railways
11Traded AsNSE: SAIL
BSE: 500113
LSE: SAUD
12ISININE114A01011
13RemarksSAIL is the 20th largest steel producer in the world and the largest in India with an annual production of 16.30 million metric tons
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