List of Miniratna Companies in India

24 April 2024
6 min read
List of Miniratna Companies in India
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India's Union Government decided to grant autonomy and financial powers to several profitable organisations, forming a new category called Miniratna, as devised by the Ministry of India.

Miniratnas can engage in joint ventures, establish subsidiary firms and collaborate with other companies, provided they meet eligibility criteria to enhance their strength and competitiveness. 

There are numerous Miniratna Central Public Sector Enterprises (CPSEs) in India, each tasked with specific roles aimed at enhancing international marketing efforts.

Keep reading to explore the list of Miniratna companies in India. 

What is Miniratna Company

A Miniratna company excels in operations and maintains financial stability, crucially impacting sectors such as telecommunications, aviation, defence, and engineering. 

Presently, there are 68 Miniratna PSUs in India, which play an active role in advancing the Indian economy's growth and progress.

Eligibility Criteria to Become a Miniratna Company

To qualify for Miniratna status, companies must meet the following criteria:

  • For Miniratna Companies in Category I

A company must have consistently recorded profits for the past three years. Additionally, it must have earned a pre-tax profit of at least ₹30 crore in the last three years or maintained an average annual turnover of at least ₹120 crore over the same period.

  • For Miniratna Companies in Category II

Companies must have made profits in the last three years. They must have also achieved a pre-tax profit of at least ₹20 crore in one of those years or sustained an average yearly revenue of at least ₹80 crore during the last three years.

Benefits of Miniratna Companies in India

Companies categorised as Miniratna Category I enjoy financial autonomy for investment decisions up to ₹500 crore or an amount equivalent to their net worth, whichever is lower. On the other hand, Miniratna Category II companies have the flexibility of financial autonomy for investments up to ₹300 crore or up to 50% of their net worth, whichever is lower.

List of Miniratna Companies in India in 2024

The Miniratna companies lists are classified into Category I and Category II.

  • Miniratna I CPSEs

This group includes nearly 57 Miniratna companies, as mentioned in the table given below:

Company Name

Airports Authority of India (AAI)

Antrix Corporation Limited

Balmer Lawrie & Company Limited

Bharat Coking Coal Limited

Bharat Dynamics Limited (BDL)

Bharat Earth Movers Limited (BEML)

Bharat Sanchar Nigam Limited (BSNL)

Braithwaite & Company Limited

Bridge & Roof Company (India) Limited

Central Warehousing Corporation

Central Coalfields Limited (CCL)

Central Mine Planning & Design Institute Limited

Chennai Petroleum Corporation Limited

Cochin Shipyard Limited (CSL)

Cotton Corporation of India Limited

EdCIL (India) Limited

Garden Reach Shipbuilders & Engineers Limited (GRSE)

Goa Shipyard Limited (GSL)

Hindustan Copper Limited

Hindustan Steelworks Construction Limited

HLL Lifecare Limited

Hindustan Paper Corporation Limited

Housing & Urban Development Corporation Limited

HSCC (India) Limited

India Tourism Development Corporation Limited (ITDC)

Indian Rare Earths Limited

Indian Railway Catering & Tourism Corporation Limited (IRCTC)

Indian Railway Finance Corporation Limited

Indian Renewable Energy Development Agency Limited

India Trade Promotion Organization

KIOCL Limited

Mazagon Dock Shipbuilders Limited (MDL)

Mahanadi Coalfields Limited

MOIL Limited

Mangalore Refinery & Petrochemical Limited

Mineral Exploration Corporation Limited

Mishra Dhatu Nigam Limited

MMTC Limited

MSTC Limited

National Fertilisers Limited

National Projects Construction Corporation Limited

National Small Industries Corporation Limited

National Seeds Corporation

NHPC Limited

Northern Coalfields Limited (NCL)

North Eastern Electric Power Corporation Limited

Numaligarh Refinery Limited

Pawan Hans Helicopters Limited

Projects & Development India Limited

Railtel Corporation of India Limited

SJVN Limited

Security Printing and Minting Corporation of India Limited

South Eastern Coalfields Limited

Telecommunications Consultants India Limited

THDC India Limited

Western Coalfields Limited

WAPCOS Limited

  • Miniratna II CPSEs

This category comprises around 11 companies, as mentioned below:

Company Name

Artificial Limbs Manufacturing Corporation of India

Bharat Pumps & Compressors Limited

Broadcast Engineering Consultants India Limited

Engineering Projects (India) Limited

FCI Aravali Gypsum & Minerals India Limited

Ferro Scrap Nigam Limited

HMT (International) Limited

Indian Medicines & Pharmaceuticals Corporation Limited

MECON Limited

National Film Development Corporation Limited

Rajasthan Electronics & Instruments Limited

Overview of Miniratna Companies in India

Here is a brief overview of 12 leading Miniratna companies in India

  • Airports Authority of India (AAI)

The Airports Authority of India (AAI) is responsible for building, upgrading, maintaining and overseeing civil aviation infrastructure throughout India. It manages a total of 137 airports, including 24 international airports, 10 customs airports and 103 domestic airports. 

  • Bharat Dynamics Limited (BDL)

BDL manufactures and supplies guided missiles, underwater weapons, airborne products and other defence equipment for the Indian Armed Forces. Additionally, it provides product life cycle support and refurbishment/life extension services for vintage missiles.

  • Bharat Sanchar Nigam Limited (BSNL)

BSNL is a telecom service provider with extensive experience in planning, installing, integrating, and maintaining switches and transmission networks.

  • Cochin Shipyard (CSL)

Cochin Shipyard is a government-owned shipbuilding company that constructs and repairs large vessels, including ships, for the oil exploration industry. 

  • Dredging Corporation of India (DCI)

This company offers dredging services to the major ports in India. It is a leading organisation in dredging and maritime development, providing a comprehensive range of domestic and international services. 

  • Garden Reach Shipbuilders & Engineers (GRSE)

Garden Reach Shipbuilders & Engineers manufactures and designs ships for the Indian Navy and the Indian Coast Guard. It also constructs commercial vessels and engages in engineering and engine production. 

  • Goa Shipyard (GSL)

GSL has constructed and put into service a diverse array of advanced vessels for various uses in both defence and commercial fields. It specialises in crafting modern patrol vessels with steel and aluminium hull structures.

  • India Tourism Development Corporation (ITDC)

ITDC manages hotels and restaurants in various tourist destinations and offers transport services. Additionally, it produces, distributes, and sells tourist literature, provides entertainment, offers engineering consultancy services, and operates duty-free shopping facilities.

  • Indian Railway Catering & Tourism Corporation Limited (IRCTC)

IRCTC provides online railway ticket booking, catering services on trains and at railway stations and packaged drinking water. It also offers services at executive lounges, retiring rooms and dormitories.

  • IRCON International

It is an engineering and construction company that works in various infrastructure sectors, such as railways, metro systems, tunnels, bridges, flyovers, and more. It handles electrical and mechanical works, as well as commercial and residential building projects.

  • NHPC Limited

This Miniratna company is an energy utility that actively plans, promotes, and manages the construction of hydroelectric power plants. NHPC produces electricity using hydro, wind, and solar energy sources. 

  • Mazagon Dock Shipbuilders Limited (MDL)

MDL has constructed a total of 801 vessels, which include 27 warships ranging from advanced destroyers to missile boats and 7 submarines. It has delivered various other types of ships, such as cargo ships, passenger ships and supply vessels. 

The Bottom Line

Miniratna companies in India enjoy increased autonomy and financial freedom, enabling them to make swift and efficient decisions without frequent government intervention.  These companies also uphold high standards of corporate governance and transparency, fostering professionalism and accountability.

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