List of Miniratna Companies in India 2026

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 subsidiaries, and collaborate with other companies, provided they meet the 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 a Miniratna Company

A Miniratna company excels in operations and maintains financial stability, which is crucial for sectors such as telecommunications, aviation, defence, and engineering. 

Presently, there are 65 Miniratna PSUs in India that play an active role in advancing the growth and progress of the Indian economy.

List of Miniratna Companies in India in 2026

The Miniratna companies' lists are classified into Category I and Category II as of March 2026.

• Miniratna I CPSEs

This group includes nearly 55 Miniratna companies, as mentioned in the table given below:

• Miniratna II CPSEs

This category comprises around 10 companies, as mentioned below:

Overview of Miniratna Companies in India

Here is a brief overview of some of the 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 and 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. 

• 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.

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.

The Bottom Line

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