What Is Maharatna Company?

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In the corporate landscape of India, the term “Maharatna Company” carries substantial weight and prestige. Understanding the criteria, privileges, and impact of being designated as a Maharatna company is crucial for both business enthusiasts and those navigating the professional realm. In this article, we will delve into the depths of Maharatna companies, exploring their definition, benefits, and their role in shaping India’s economic landscape.

What Is Maharatna Company?

A Maharatna Company is a special designation conferred upon select public sector enterprises in India. These companies, known for their exceptional performance and strategic significance, receive the Maharatna status based on specific criteria set by the government. This recognition elevates them to a distinct league, bringing with it a range of privileges and responsibilities.

What Is Maharatna Company Salary?

The salary structure within Maharatna companies is often competitive and reflects the stature and scale of these organizations. Employees working in Maharatna companies benefit from attractive compensation packages, including competitive salaries, perks, and opportunities for professional growth.

What Is Maharatna Company List?

The Maharatna status is granted to a select group of public sector enterprises. As of the latest information, the Maharatna company list includes well-established entities like ONGC, Indian Oil Corporation, NTPC, and others. This exclusive list is periodically updated by the government to recognize outstanding performers in various sectors.

What Is Maharatna Company In India?

In the Indian context, a Maharatna Company signifies a government-owned enterprise that has demonstrated exceptional operational and financial performance. These companies play a vital role in contributing to the country’s economic growth and are strategically positioned to make substantial impacts in their respective sectors.

12 Maharatna Company

The government designates a limited number of companies as Maharatna, and currently, there are 12 such entities enjoying this prestigious status. These companies span diverse sectors, including energy, petroleum, and power, showcasing the versatility of the Maharatna designation.

What Is Maharatna Company Navratna?

The Maharatna designation is part of a broader classification that includes Navratna companies. While Navratna companies have significant autonomy and operational freedom, the Maharatna status represents a higher echelon, with additional privileges and a more stringent set of eligibility criteria.

Navratna Company

Navratna companies are a group of nine public sector enterprises in India that enjoy enhanced autonomy and financial powers. They are recognized for their exceptional performance and strategic importance. The Navratna status is a precursor to the Maharatna status, indicating a high level of operational excellence.

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Miniratna Companies

In addition to Maharatna and Navratna companies, there is a category known as Miniratna companies. These are smaller public sector enterprises that exhibit commendable performance and are granted certain operational autonomy to foster efficiency and competitiveness.

13th Maharatna Company

The designation of the 13th Maharatna Company is a topic of interest in business circles. The government periodically reviews and updates the list of Maharatna companies based on their performance, and the addition of a 13th Maharatna company would mark a significant milestone in the Indian corporate landscape.

Conclusion

In conclusion, Maharatna companies stand as pillars of excellence in the Indian public sector. Understanding their significance, privileges, and the impact they have on the nation’s economy provides valuable insights into the dynamic world of business and governance. As these companies continue to evolve and contribute to India’s growth story, their role remains pivotal in shaping the country’s future.

FAQ

What Is The Meaning Of Maharatna Companies?

The Maharatna status is bestowed upon companies that have consistently earned over Rs 5000 crore in net profit for three consecutive years, maintaining an average annual net worth of Rs 15000 crore for three years or an average yearly turnover of Rs 25000 crore.

What Is 12 Maharatna Company In India?

What is the 12th Maharatna Company? The Rural Electrification Corporation (REC) has been given the designation of a “Maharatna” Central Public Sector Enterprise (CPSE) by an order from the Department of Public Enterprises, which is part of the Ministry of Finance, dated September 22, 2022.

Which Is Better Maharatna Or Navratna?

A Navratna must have an annual profit of more than 5000 crores, a net worth of Rs. Fifteen thousand crores, and a turnover of Rs. Fifteen thousand crores to achieve Maharatna companies list. Ans: A corporation with the Maharatna designation has more autonomy and power than those with the Navratna or Miniratna status.

How A Company Become Maharatna?

Eligibility Criteria for a Maharatna Company:

  • Must have a Navratna status.
  • Must be listed on Indian stock exchange with minimum prescribed public shareholding under Securities and Exchange Board of India (SEBI) regulations.
  • An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years.

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Miniratna Companies

13th Maharatna Company

What Is Maharatna Company