Miniratna, Navaratna, Maharatna Status

Criteria for granting Maharatna status to CPSEs

• CPSEs having Navaratna status.
• Listed on the Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
• Should have a significant global presence/international operation.
• In the last three years, the company should have achieved,
  • Average annual turnover > Rs. 25,000 crores.
  • Average annual net worth > Rs. 15,000 crores.
  • Average annual net profit (after tax) > Rs. 5,000 crores.

Criteria for granting Navratna status to CPSEs

• CPSEs should be Miniratna I, Schedule ‘A company.
• CPSEs must have achieved an ‘excellent’ or ‘very good’ rating in the Memorandum of Understanding (MOU) for three out of the last five years.
• Additionally, eligible CPSEs must attain a composite score of 60 or above in six selected performance indicators.

6 Performance Indicators

Criteria for granting Miniratna status to CPSEs

Miniratna Category-I status

• Must have achieved profitability in the last three consecutive years.
• Need to demonstrate a pre-tax profit of Rs.30 crores or more in at least one of the three years.
• Must maintain a positive net worth.

Miniratna Category-II status

• Requires a consistent track record of profitability for the last three consecutive years.
• They should also have a positive net worth to be eligible for consideration.

Department of Public Enterprises, Ministry of Finance