List of Maharatna Companies in India 2025

In India, Maharatna companies are premier government-owned companies that enjoy significant autonomy to manage their operations and finances independently. These leading PSUs in India operate across vital sectors such as energy, banking, and manufacturing, playing a key role in driving the nation’s economic growth and enhancing its global competitiveness. The Maharatna companies in India include top-performing public sector enterprises, such as public sector banks and central PSUs.

With the power to invest up to 15% of their net worth in a single project without prior government approval, these companies have the flexibility to make swift and strategic decisions. As of now, there are 13 Maharatna companies in India, marking the total Maharatna company in India list for 2025. Let us go through this blog to explore which firms are recognized as Maharatna companies in India 2025.

What is Maharatna Company?

A Maharatna Company is a top-tier government owned company in India, recognized for its strong financial performance and strategic importance. The Maharatna scheme was introduced in 2010 to grant greater autonomy to select PSUs in India for faster decision-making and global expansion. These companies must meet criteria like high net profit, turnover, and net worth over three consecutive years.

Maharatna status allows investment freedom up to ₹5,000 crore without government approval. The objective behind giving Maharatna status is to enable these companies to become global giants and compete internationally. As of 2025, there are 13 Maharatna companies in India, making up the total Maharatna company in India list of elite maharatna companies in India 2025. 

Table of Contents

1. What is Maharatna Company?
2. List of Maharatna Companies in India
3. An Overview of Maharatna Companies in India
4. Features of Maharatna Companies in India
5. Eligibility Criteria to Qualify as a Maharatna Company
6. Why Invest in Maharatna Companies' Stocks?

List of Maharatna Companies in India

Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices. 

An Overview of Maharatna Companies in India

Let’s explore the 13 Maharatna Companies in India:

Oil & Natural Gas Corporation Limited (ONGC)

• ONGC is the largest producer of crude oil and natural gas in India, contributing about 71% to the country's domestic production.
• Its subsidiaries, including IOC, BPCL, HPCL, and MRPL, utilize crude oil to manufacture various petroleum products.
• ONGC's product portfolio encompasses petrol, diesel, kerosene, naphtha, and LPG (cooking gas). 

Get more details about Oil & Natural Gas Corporation Limited share price today here.

Know the Oil & Natural Gas Corporation Limited share price history here.

National Thermal Power Corporation (NTPC)

• NTPC operates as a prominent electricity generator, supplying power to state power utilities on a wholesale basis. 
• The company generates electricity from a mix of sources including gas, liquid fuel, coal, and renewable energies. 
• In addition to its core activities, NTPC provides consultancy services, and project management, and engages in power trading, coal mining, rural electrification, ash utilization, and re-gasification services. 

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Know the National Thermal Power Corporation share price history here. 

Power Grid Corporation of India Limited (POWERGRID) 

• Power Grid specializes in operations and maintenance services for transmission systems, smart grids, telecom services, and consultancy. 
• With an extensive infrastructure boasting 177,699 circuit kilometers of transmission lines and a transformation capacity of 527,446 MVA, the company utilizes advanced technologies to strategically plan, coordinate, and implement transmission networks across India.

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Coal India Limited (CIL)

• It is a state-owned enterprise specializing in coal mining and the production of coal-derived products, including coking hard coal, non-coking coal, coal fines, and heavy oil, among others. 
• The products of CIL find applications across a wide array of industries such as fertilizers, cement, ceramics, glass, steelmaking, power generation, domestic fuel, chemicals, paper, and various industrial sectors.

CIL operates through its subsidiaries such as Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), Mahanadi Coalfields Limited (MCL), South Eastern Coalfields Limited (SECL), Bharat Coking Coal Limited (BCCL), and others.

Get more details about Coal India Ltd share price today here.

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Indian Oil Corporation Limited (IOCL)

• It is a fully integrated oil and gas company engaged in exploration, production, refining, and marketing. 
• The company manages the refining of crude oil, transportation of petroleum products through pipelines, and the marketing of natural gas. 
• IOCL's diverse range of petroleum products includes jet fuel, high-speed diesel, heavy fuel oil, LPG, gasoline, bitumen, naphtha, lubricants, and grease.

Get more details about Indian Oil Corporation Ltd share price today here.

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Bharat Petroleum Corporation Limited (BPCL)

• BPCL is actively involved in the exploration and production of oil and natural gas, refining crude oil, and the distribution of petroleum products. 
• It serves industrial and commercial sectors, offering a range of fuel services. 
• Notable brands under BPCL's marketing portfolio include Speed, Mak, and Bharat Gas.

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GAIL India Limited (GAIL)

• GAIL operates an expansive network encompassing LPG pipeline systems, gas processing plants, natural gas pipelines, and petrochemical projects. 
• Additionally, it is actively involved in renewable energy initiatives and city gas distribution, extending its footprint across multiple international markets. 
• GAIL also invests in energy ventures abroad, aiming to advance India's energy sector through ongoing innovation efforts.

Get more details about GAIL India Ltd share price today here.

Know the GAIL India Ltd share price history here. 

Hindustan Petroleum Corporation Limited (HPCL)

• HPCL operates as an energy company with core activities in crude oil refining, petroleum product transportation, and marketing. 
• Its extensive distribution and marketing infrastructure encompasses LPG storage facilities, pipelines, terminals, relay depots, aviation service stations, and retail outlets. 
• In addition to these activities, HPCL is also involved in sugar and ethanol manufacturing, along with electricity generation.

Get more details about Hindustan Petroleum Corporation Ltd share price today here.

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Oil India Ltd (OIL)

• OIL specializes in the exploration and production of oil and natural gas, engaging in a range of activities including seismic and geodetic surveys, 2D and 3D data acquisition and analysis, as well as drilling and field development. 
• Moreover, OIL owns and operates a fully automated crude oil trunk pipeline spanning 1,157 kilometers from Naharkatia to Barauni. 

Get more details about OIL India Ltd share price today here.

Know the OIL India Ltd share price history here. 

Bharat Heavy Electricals Limited (BHEL)

• BHEL stands as a prominent global manufacturer of power equipment and plays a pivotal role in advancing India's initiatives towards self-reliance. 
• BHEL sells products and services in many areas like transportation, defence, aerospace, power, and more modern fields like battery energy storage and electric vehicle chargers. 
• The company also works on projects that help society, such as training young people, promoting health and education, and protecting the environment.

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Steel Authority of India Limited (SAIL)

• SAIL specializes in manufacturing and distributing iron and steel products across diverse business segments. 
• Its comprehensive product line includes a wide range of steel items such as blooms, billets, channels, angles, joists, wheels, pig iron, and coal chemicals. 
• SAIL also produces hot-rolled carbon steel, cold-rolled stainless steel products, wire rods, rebars, CR coils, bars, GC sheets, HRPO, and various other specialized products.

Get more details about Steel Authority of India Ltd share price today here.

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Rural Electrification Corporation Limited (REC)

• REC Limited provides loans to support different parts of the power infrastructure. 
• They offer long-term, medium-term, and short-term loans, along with equity financing and refinancing of debts. 
• REC also funds equipment manufacturing and coal mines. Additionally, they provide loans based on regulatory assets and have a revolving bill payment option.

Get more details about Rural Electrification Corporation Ltd share price today here.

Know the Rural Electrification Corporation Ltd share price history here.

Power Finance Corporation (PFC)

• It is an Indian company that gives money to the power sector. They offer different types of loans like project-term loans and short/medium-term loans. 
• They also lease equipment and provide other financial services. 
• Besides loans, they offer guarantees that help with payments and agreements for fuel supply. 

Get more details about Power Finance Corporation Ltd share price today here.

Know the Power Finance Corporation Ltd share price history here. 

Features of Maharatna Companies in India

Maharatna companies in India are a special category of public sector enterprises (PSUs) that have been granted greater autonomy and certain financial powers by the Government of India. Here are some key features of Maharatna companies:

Autonomy: Maharatna companies enjoy more autonomy in decision-making compared to other categories of PSUs. This includes greater flexibility in investments, joint ventures, and other strategic decisions.

Financial Powers: They have enhanced financial powers in terms of investment decisions without seeking government approval, up to a certain limit. This enables them to undertake substantial investments and expansions independently.

Global Operations: Maharatna companies are encouraged to expand their operations globally. They have the freedom to explore and invest in overseas projects and ventures, subject to certain guidelines.

Strategic Importance: These companies are considered strategically important for the country due to their size, scale of operations, and sectoral influence. They play a significant role in the economy, often in sectors such as energy, mining, steel, telecommunications, etc.

Performance Criteria: To qualify as a Maharatna, a PSU must meet specific criteria related to turnover, net worth, profitability, and Corporate Social Responsibility (CSR) spending over the years. The status is reviewed periodically based on their performance.

Enhanced Governance: Maharatna companies are expected to adhere to higher standards of corporate governance and transparency. They are required to comply with guidelines issued by the Department of Public Enterprises (DPE) and other regulatory bodies.

Public Sector Character: Despite their enhanced autonomy, Maharatna companies remain under the overall control and ownership of the Government of India. They operate to balance commercial interests with national priorities.

Employment and CSR: These companies typically have a significant workforce and are expected to contribute positively to the communities they operate in through CSR initiatives. 

Eligibility Criteria to Qualify as a Maharatna Company

To qualify as a Maharatna, a company must meet specific eligibility criteria that reflect its financial strength, global presence, and strategic importance among PSUs in India.

• Firstly, the company must already hold Navratna status, which is given to profitable Government-owned companies that enjoy considerable autonomy in their operations.
   
• The company’s shares must be listed on Indian stock exchanges and comply with the minimum public shareholding norms set by SEBI.
   
• It must have an average annual turnover of more than ₹25,000 crore over the last three years, along with an average net worth of at least ₹15,000 crore during the same period.
   
• Additionally, it must have earned a net profit of ₹5,000 crore or more (after tax) for three consecutive years. A strong global presence and active international operations are also essential.
   
• As of now, Maharatna companies in India 2025 include some of the most powerful Government-owned companies, and there are currently 13 Maharatna PSUs, which answers the question of how many Maharatna companies in India. 

Why Invest in Maharatna Companies' Stocks?

Monitoring Maharatna companies' share prices through BlinkX provides the strategic advantage necessary to make informed investment decisions. Investing in Maharatna companies' shares can yield multiple benefits in terms of potential returns and portfolio diversification.

Stability and Reliability: Maharatna companies are generally large and well-established, providing stability in uncertain market conditions.

Strong Market Presence: These companies often dominate their sectors, leading to a strong market presence and potential for consistent performance.

Dividend Income: Many Maharatna companies have a history of paying dividends, offering a steady income stream to investors.

Government Support: As government-owned enterprises, Maharatna companies may receive policy support and funding, reducing certain investment risks.

Infrastructure and Growth: They typically invest in large-scale projects, infrastructure, and technology, which can lead to long-term growth opportunities.

Potential for Capital Appreciation: Due to their size and influence, Maharatna stocks may have the potential for capital appreciation over time.

Sector Diversification: Investing in Maharatna companies allows diversification across various sectors such as energy, infrastructure, steel, petroleum, and more.

However, it is important to consider market risks, economic factors, and company-specific developments before investing in Maharatna companies' shares. 

The Bottom Line
Maharatna companies in India are very important for the country's growth. They are known for their large size and big influence. These companies help a lot in sectors like energy, building things, making steel, oil, and others.