List of Maharatna Company 2025, Eligibility and Benefits Details

Maharatna Company List 2025 refers to the group of 14 Central Public Sector Enterprises (CPSEs) in India that have been granted the prestigious "Maharatna" status by the Government of India. This designation is awarded to CPSEs that demonstrate exceptional financial performance, operational autonomy, and strategic importance to the nation's economy. Read on for the complete Maharatna Company List 2025!

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What Are Maharatna Companies?

Maharatna companies are the top category of CPSEs in India. These are high-performing public enterprises that enjoy greater operational and financial autonomy. The term “Maharatna” literally means “a great jewel,” and these companies represent the best in India’s public sector.

The Government of India introduced the Maharatna scheme in 2010 to give more powers to top CPSEs and help them become global giants. Once a company is granted this status, it can take high-value investment decisions without government approval, making it more competitive and responsive to market conditions.

There are three categories of CPSEs in India:

• Maharatna
• Navratna
• Miniratna

Among these, Maharatna is the highest rank. The classification depends on the company’s performance, financial strength, and global presence.

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List of Maharatna Companies in India 2025

As of 2025, India has 14 Maharatna companies, which play a major role in India’s economy, and many are global leaders in their sectors. Here is the Maharatna Company List 2025:

Eligibility Criteria for Maharatna Status

To be recognised as a Maharatna company, a CPSE must fulfil certain strict criteria set by the Department of Public Enterprises (DPE). This ensures only the best-performing companies receive this honour. The eligibility conditions are:

• Navratna Status: The company must already hold Navratna status.
• Stock Exchange Listing: It must be listed on Indian stock exchanges with a minimum public shareholding of 10%.
• Annual Turnover: The average annual turnover should be more than ₹25,000 crore during the last 3 years.
• Net Worth: The average net worth must be more than ₹15,000 crore during the last 3 years.
• Net Profit: The company should earn a net profit of over ₹5,000 crore for 3 consecutive years.
• Global Presence: The company should have significant operations in the global market or at least a strong export portfolio.

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Benefits Enjoyed by Maharatna Companies

The Maharatna status gives companies more freedom to operate efficiently and expand without constant government approvals. These powers help in faster decision-making, global investments, and improved competitiveness. Here are the key benefits of being a Maharatna company:

• Investment Approval Limit: Maharatna companies can approve investments up to ₹5,000 crore without seeking approval from the government.
• Financial Autonomy: They enjoy complete autonomy in joint ventures, mergers, and acquisitions in India and abroad.
• Board Power: The board of directors has more decision-making powers, reducing bureaucratic delays.
• Global Expansion: Maharatna CPSEs can invest in foreign projects and form partnerships with foreign firms.
• Operational Freedom: They have more flexibility in HR policies, marketing, procurement, and restructuring.
• Improved Image: The Maharatna tag increases brand value and boosts investor confidence.

To sum up, the Maharatna Company List 2025 includes India’s most powerful and profit-making public sector enterprises. These companies drive India's industrial and economic strength. With greater freedom and resources, Maharatna CPSEs are well-positioned to expand globally and boost national development.

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