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List of Miniratna Companies in India 2025

11 Mar 2025
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Miniratna companies are major players who drive the country's economic growth by contributing to various sectors. Miniratna companies broadly fall under the category of public sector undertaking (PSU) where the majority of stake is owned by the government. 

 

PSUs can be categorized into two categories: central government-central public sector undertakings (CPSUs) and state government-state public sector undertakings (SPSUs). CPSUs are further categorized into Maharatnas, Navratnas, and Miniratnas. 

 

Let us read more Miniratna companies in detail. Keep reading!

What is Miniratna Company?

A Miniratna company operates efficiently and keeps strong financial stability, playing an important role in sectors like telecommunications, aviation, defense, and engineering.

Currently, 61 Miniratna CPSEs in India play an important role in the country’s economic growth. These Miniranta focus on offering services in sectors like aviation, telecommunications, defense, and engineering.

Table of Contents

  1. What is Miniratna Company?
  2. List of Miniratna Companies in India
  3. Miniratna Companies – Eligibility Criteria  
  4. Miniratna Companies – Benefits 
  5. Overview of Miniratna Companies 

List of Miniratna Companies in India

Below is the list of Miniratna companies that fall under Miniratna I CPSEs and Miniratna II CPSEs categories in India:

Miniratna I CPSEs

Sr. NoName of the Miniratna Companies
1Airports Authority of India
2Antrix Corporation Limited
3Balmer Lawrie & Co. Limited
4Bharat Coking Coal Limited
5Bharat Dynamics Limited
6BEML Limited
7Bharat Sanchar Nigam Limited
8Braithwaite & Company Limited
9Bridge & Roof Company (India) Limited
10Central Coalfields Limited
11Central Electronics Limited
12Central Mine Planning & Design Institute Limited
13Chennai Petroleum Corporation Limited
14Cochin Shipyard Limited
15Cotton Corporation of India Ltd.
16EDCIL (India) Limited
17Garden Reach Shipbuilders & Engineers Limited
18Grid Controller of India Limited (GRID-INDIA)
19Goa Shipyard Limited
20Hindustan Copper Limited
21Hindustan Steelworks Construction Limited
22HLL Lifecare Limited
23Hindustan Paper Corporation Limited
24HSCC (India) Limited
25India Tourism Development Corporation Limited
26Indian Rare Earths Limited
27Indian Railway Catering & Tourism Corporation Limited
28Indian Railway Finance Corporation Limited
29India Trade Promotion Organization
30KIOCL Limited
31Mahanadi Coalfields Limited
32MOIL Limited
33Mangalore Refinery & Petrochemical Limited
34Mineral Exploration Corporation Limited
35Mishra Dhatu Nigam Limited
36MMTC Limited
37MSTC Limited
38National Projects Construction Corporation Limited
39National Small Industries Corporation Limited
40National Seeds Corporation
41Northern Coalfields Limited
42North Eastern Electric Power Corporation Limited
43Numaligarh Refinery Limited
44Pawan Hans Helicopters Limited
45Projects & Development India Limited
46Security Printing and Minting Corporation of India Limited
47South Eastern Coalfields Limited
48Telecommunications Consultants India Limited
49THDC India Limited
50Western Coalfields Limited
51WAPCOS Limited

Miniratna II CPSEs

Sr. NoName of Miniaratna Companies
1Artificial Limbs Manufacturing Corporation of India
2Bharat Pumps & Compressors LimitedBroadcast Engineering Consultants India Limited
3Engineering Projects (India) Limited
4FCI Aravali Gypsum & Minerals India Limited
5Ferro Scrap Nigam Limited
6HMT (International) Limited
7Indian Medicines & Pharmaceuticals Corporation Limited
8MECON Limited
9National Film Development Corporation Limited
10Rajasthan Electronics & Instruments Limited

 

Miniratna Companies – Eligibility Criteria  

Miniratna  Category I

Miniratna  Category II

Must have earned consistent profit for the last three years.

Must have earned at least ₹30 crore pre-tax profit in the last three or maintained an average annual turnover of atleast ₹120 crore over the same period.

There should be no default on repayment or interest payment owed to the government. 

Must be financially independent 

Must have earned consistent profit for the last three years.

Must have a positive net worth.

There should be no default on repayment or interest payment owed to the government. 

Must be financially independent.

 

Miniratna Companies – Benefits 

Miniratna  Category I

Miniratna  Category II

Miniratna Category I can have the benefit of financial autonomy for investment up to ₹500 crore or an amount equal to the net worth of the company, whichever is lower.Miniratna  Category II can have benefit of financial autonomy for investment up to ₹300 crore or 50% to the net worth of the company, whichever is lower.

Along with the above-mentioned benefit, Miniranta companies also enjoy benefits such as:

  • Miniratna companies have operational autonomy to make quick decisions and respond to market dynamics effectively.
  • Miniratna companies can easily capitalize on growth opportunities with the freedom to make investment decisions up to set limits without any approval from the government.
  • For strategic partnerships and diversification, Miniratna companies have the freedom to form joint ventures, establish subsidiaries, and collaborate with other companies.
  • Miniratna companies can easily compete with private sector companies with autonomy and financial flexibility. 

Overview of Miniratna Companies 

Below is the overview of Miniratna companies in detail:

Airports Authority of India (AAI)

Founded on April 1st, 1995, the Airports Authority of India is the statutory body responsible for upgrading, building, maintaining, and overseeing civil aviation infrastructure all over India. AAI manages a total of 137 airports which includes 24 international airports, 103 domestic airports, and 10 customs airports.

Bharat Dynamics Limited (BDL)

Established in 1970, Bharat Dynamics Limited manufactures and supplies guided missiles, defence equipment, and airborne products for the Indian Armed Forces.

Bharat Sanchar Nigam Limited (BSNL)

Founded in 2000, Bharat Sanchar Nigam Limited offers broadband, mobile, and landline services all over the country. The company is involved in planning, installing, integrating, and maintaining its telecommunication services.

Goa Shipyard (GSL)

Founded in 1957, Goa Shipyard Limited (GSL) focuses on providing various services specializing in the crafting design, construction, and repair of naval vessels, offshore platforms, and commercial ships.

India Tourism Development Corporation (ITDC)

Founded in 1966, India Tourism Development Corporation (ITDC) focuses on operating hotels, transport services, and developing tourism infrastructure in the country. To promote tourism, it aims at producing, distributing, and selling tourist literature and more.

Indian Railway Catering & Tourism Corporation Limited (IRCTC)

Founded in 1999, Indian Railway Catering & Tourism Corporation Limited (IRCTC) manages online railway ticking booking, catering, and tourism for Indian Railways. Alongside, it offers packaged drinking water, retiring rooms, executive lounges, and dormitories.

IRCON International

Founded in 1976, IRCON International is responsible for working with various infrastructure sectors, such as railways, metro systems, tunnels, bridges, flyovers, and more. It is responsible for handling electrical, mechanical, commercial, and residential building projects.

NHPC Limited

Founded in 1975, National Hydroelectric Power Corporation is responsible for actively planning, promoting, and managing the construction of hydroelectric power plants. NHPC produces electricity using wind, hydro, and solar energy sources.

Mazagon Dock Shipbuilders Limited (MDL)

Founded in 1934, Mazagon Dock Shipbuilders Limited has constructed 801 vessels including 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.

Role of Miniratna Companies in the Indian Economy

Miniratna Companies are vital for driving growth across multiple sectors. Financial and operational freedom allows Miniratna companies to make quicker decisions creating more effective impact as compared to other CPSEs. Moreover, with operational independence, miniratna companies are more competitive, drive innovation, and help serve the needs of the Indian economy.

You may also want to read
List of Navratna Companies
List of Maharatna Companies
Best Defence Stocks in India

FAQs on Miniratna Companies

How many miniratna companies in India?

There are 61 miniratna companies in India which are further divided into miniratna I CPSEs and miniratna II CPSEs.

What is the full form of CPSE?

CPSE stands for central public sector undertakings which is owned by the central government.

Who is eligible for Miniratna?

Eligibility criteria for miniranta companies are as follows:

1.     Miniratna  Category I

To be categorized as miniratna category I, you must meet the below eligibility criteria:

  • Must have earned consistent profit for the last three years.
  • Must have earned at least ₹30 crore pre-tax profit in the last three or maintained an average annual turnover of atleast ₹120 crore over the same period.

2.     Miniratna  Category II

To be categorized as miniratna category II, you must meet the below eligibility criteria:

  • Must have earned consistent profit for the last three years.
  • Must have a positive net worth.

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