Home Company List of 25 Navratna Companies in India 2024

List of 25 Navratna Companies in India 2024

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India’s public sector enterprises (PSEs) have been the backbone of its industrial growth and economic progress. Among these, the Navratna companies hold a special place, known for their strategic importance, operational excellence, and global competitiveness. But what exactly are Navratna companies, and why do they matter so much? Let’s dive into the fascinating world of Navratna, along with an overview of Maharatna and Miniratna companies that complete the trio of India’s most valued PSEs.

What are Navratna Companies?

In India, the term “Navratna” is derived from the Sanskrit words “Nav” meaning nine and “Ratna” meaning gems or jewels. The Navratna title was introduced in 1997 by the Indian government to recognize the top-performing Public Sector Enterprises (PSEs) that have consistently demonstrated exceptional performance and have contributed significantly to the Indian economy. These companies are considered the jewels of India’s public sector, playing a crucial role in the nation’s industrial development.

Navratna Companies
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Importance of Navratna Status

Navratna companies are given significant financial and operational autonomy compared to other PSEs, enabling them to make decisions faster and operate more efficiently in a competitive market environment. This status allows these companies to:

  1. Make substantial investments without seeking government approval.
  2. Form joint ventures and alliances with foreign and domestic companies.
  3. Enter into strategic alliances to expand their market reach.
  4. Diversify their business operations into new sectors and markets.

The autonomy granted to Navratna companies allows them to pursue aggressive growth strategies, modernize their operations, and compete more effectively on a global scale.

Criteria for Navratna Status

To be granted Navratna status, a company must meet specific criteria:

  1. Financial Performance: Consistently high net profit, return on net worth, and a significant contribution to the national economy.
  2. Operational Efficiency: Excellence in production, marketing, and innovation.
  3. Global Presence: An ability to operate effectively in international markets.
  4. Management Practices: Adherence to the best practices in corporate governance and management.

Once a company meets these criteria, it is awarded Navratna status, providing it with more freedom to operate independently and make strategic decisions.

List of 25 Navratna Companies

  1. Bharat Electronics Limited
  2. Container Corporation of India Limited
  3. Engineers India Limited
  4. Hindustan Aeronautics Limited
  5. Mahanagar Telephone Nigam Limited
  6. National Aluminium Company Limited
  7. National Buildings Construction Corporation Limited
  8. Neyveli Lignite Corporation Limited
  9. NMDC Limited
  10. Rashtriya Ispat Nigam Limited
  11. Shipping Corporation of India Limited
  12. Rail Vikas Nigam Limited
  13. ONGC Videsh Ltd
  14. Rashtriya Chemicals & Fertilizers Limited
  15. IRCON
  16. RITES
  17. National Fertilizers Limited
  18. Central Warehousing Corporation
  19. Housing & Urban Development Corporation Limited
  20. Indian Renewable Energy Development Agency Limited
  21. Mazagon Dock Shipbuilders Limited
  22. Railtel Corporation of India Limited
  23. Solar Energy Corporation of India (SECI) Ltd.
  24. NHPC Limited
  25. SJVN Limited

Beyond Navratna: Maharatna and Miniratna Companies

Navratna companies are part of a larger classification that includes Maharatna and Miniratna companies, each representing different levels of autonomy and strategic importance.

Image Source: MADE EASY Blog

Maharatna CPSEs: The Titans of Industry

Maharatna companies are the elite, the giants of India’s public sector. These companies enjoy the highest level of autonomy and are key players in sectors that are vital to the country’s economy. Here’s the list of Maharatna CPSEs:

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

Miniratna CPSEs: Rising Stars with Big Potential

Miniratna companies, though smaller in scale, are vital players with significant autonomy to grow and expand. These are further categorized into Miniratna I and Miniratna II CPSEs, depending on their financial performance and strategic importance.

Navratna Companies
Image Source: fdaytalk.com
Miniratna I CPSEs
  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 Coalfields Limited
  11. Central Electronics 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. Grid Controller of India Limited (GRID-INDIA)
  19. Goa Shipyard Limited
  20. Hindustan Copper Limited
  21. Hindustan Steelworks Construction Limited
  22. HLL Lifecare Limited
  23. Hindustan Paper 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. India Trade Promotion Organization
  30. KIOCL Limited
  31. Mahanadi Coalfields Limited
  32. MOIL Limited
  33. Mangalore Refinery & Petrochemical Limited
  34. Mineral Exploration Corporation Limited
  35. Mishra Dhatu Nigam Limited
  36. MMTC Limited
  37. MSTC Limited
  38. National Projects Construction Corporation Limited
  39. National Small Industries Corporation Limited
  40. National Seeds Corporation
  41. Northern Coalfields Limited
  42. North Eastern Electric Power Corporation Limited
  43. Numaligarh Refinery Limited
  44. Pawan Hans Helicopters Limited
  45. Projects & Development India Limited
  46. Security Printing and Minting Corporation of India Limited
  47. South Eastern Coalfields Limited
  48. Telecommunications Consultants India Limited
  49. THDC India Limited
  50. Western Coalfields Limited
  51. WAPCOS Limited
Miniratna II CPSEs
  1. Artificial Limbs Manufacturing Corporation of India (ALIMCO)
  2. Bharat Pumps & Compressors Limited (BPCL)
  3. Broadcast Engineering Consultants India Limited (BECIL)
  4. Engineering Projects (India) Limited (EPIL)
  5. FCI Aravali Gypsum & Minerals India Limited (FAGMIL)
  6. Ferro Scrap Nigam Limited (FSNL)
  7. HMT (International) Limited
  8. Indian Medicines & Pharmaceuticals Corporation Limited (IMPCL)
  9. MECON Limited
  10. National Film Development Corporation Limited (NFDC)
  11. Rajasthan Electronics & Instruments Limited (REIL)

Conclusion: The Powerhouses Driving India’s Growth

Navratna, Maharatna, and Miniratna companies are more than just economic entities—they are the engines that drive India’s growth, innovation, and global standing. Their autonomy and strategic importance make them crucial players in shaping the future of the Indian economy. As they continue to expand and evolve, these companies will remain at the forefront of India’s journey toward becoming a global economic powerhouse.

You might also be interested in – What Are Navratna Companies and Which Are the 18 Navratna Companies?

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