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Central Public Sector Enterprises (CPSEs) are divided by the Indian government into three separate classifications: Maharatna, Navratna, and Miniratna. These classifications are based on various standards. The administration created a higher Maharatna category in 2010.
Eligibility requirements for Maharatna companies:
- Should be Navratna-status
- According to Securities and Exchange Board of India (SEBI) laws, it should be registered on the ISE (Indian stock exchange) and have a minimum amount of authorized public ownership
- Over the past three years, there has been an estimated yearly net profit of over Rs. 5,000 crores
- 25,000 crores in average yearly revenue over three years, or 15,000 crores in estimated yearly total wealth
- Must have an international footprint and conduct international business
The following table lists Maharatna Companies.
| SL No. | Central Public Sector Enterprises (CPSE) |
| 1 | Power Grid Corporation of India (POWERGRID) |
| 2 | National Thermal Power Corporation (NTPC) |
| 3 | Bharat Petroleum Corporation Limited (BPCL) |
| 4 | Steel Authority of India Limited (SAIL) |
| 5 | Gas Authority of India Limited (GAIL) |
| 6 | Bharat Heavy Electricals Limited (BHEL) |
| 7 | Coal India Limited (CIL) |
| 8 | Indian Oil Corporation Limited (IOCL) |
| 9 | Oil and Natural Gas Corporation (ONGC) |
| 10 | Hindustan Petroleum Corporation Limited (HPCL) |
A set of Central Public Sector Enterprises (CPSEs) that now the Indian government is giving increased financial independence is known as Navratna firms. They are permitted to invest up to Rs. 1,000 crores without needing the express consent of the government. They also might contribute 15% of the total wealth in a single project or 30% over an entire year, as long as they stay under the $1,000 crore cap. These businesses have competitive benefits while competing in the international market because of the higher autonomy.
The following factors are part of the eligibility requirements for Navratna companies:
- The 60 outside of 100 must be attributed to the company based on seven criteria. The overall cost of manufacture, the total cost of labor, the cost of services, the capital utilized, PBDIT (Profit Before Depreciation, Interest, and Taxes), and other characteristics are among them.
- 4 different board of directors are required, and the business must be classified as a Miniratna.
There are 14 companies on the Navratna business list at the moment. The full list of Navratna firms in India is provided below:
| SL No. | Central Public Sector Enterprises (CPSE) |
| 1 | Power Finance Corporation Limited |
| 2 | Bharat Electronics Limited (BEL) |
| 3 | Shipping Corporation of India (SCI) |
| 4 | Container Corporation of India (CONCOR) |
| 5 | Rural Electrification Corporation (REC) |
| 6 | Engineers India Limited (EIL) |
| 7 | Rashtriya Ispat Nigam Limited (RINL) |
| 8 | Hindustan Aeronautics Limited (HAL) |
| 9 | Oil India Limited (OIL) |
| 10 | Mahanagar Telephone Nigam Limited (MTNL) |
| 11 | NLC India Limited (Neyveli Lignite) |
| 12 | National Aluminium Company (NALCO) |
| 13 | National Mineral Development Corporation (NMDC) |
| 14 | National Buildings Construction Corporation (NBCC) |
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