What is a Miniratna Company?

Miniratna companies are a category of Indian Central Public Sector Enterprises (CPSEs) which have demonstrated proven profitability and good financial health. Miniratna companies are granted greater autonomy and financial powers by the government in order to increase their efficiency and competitiveness. They operate in numerous important sectors, such as telecommunication, aviation, defense, and engineering.

Open Demat Account and Start Trading!

• Category I Miniratna: Companies that have made a profit for three consecutive years with a pre-tax profit of at least ₹30 crore in one of the last three years.

• Category II Miniratna: Companies that have made profits for three consecutive years and have a positive net worth.

Number of Miniratna PSUs: As of 2025, there are 73 Miniratna companies in India, categorized into two groups:

• Category I: 61 companies

• Category II: 12 companies

This categorization is done on the basis of their financial performance and other qualification factors

How Many Miniratna Companies in India?

As of 2025, there are 73 Miniratna companies in India, categorized into two groups:

• Category I: 61 companies

• Category II: 12 companies

This below mentioned list is in accordance with the data provided by authentic sources. To view a complete and up-to-date list, you may look at the official document by the Department of Public Enterprises

Category I Miniratna Companies (62 companies):

1. Airports Authority of India
2. Antrix Corporation Limited
3. Balmer Lawrie & Co. Limited
4. Bharat Coking Coal Limited
5. Bharat Dynamics Limited
6. BEML Limited
7. Bharat Sanchar Nigam Limited
8. Braithwaite & Company Limited
9. Bridge & Roof Company (India) Limited
10. Central Warehousing Corporation
11. Central Coalfields Limited
12. Central Mine Planning & Design Institute Limited
13. Chennai Petroleum Corporation Limited
14. Cochin Shipyard Limited
15. Cotton Corporation of India Ltd.
16. EdCIL (India) Limited
17. Garden Reach Shipbuilders & Engineers Limited
18. Goa Shipyard Limited
19. Hindustan Copper Limited
20. Hindustan Steelworks Construction Limited
21. HLL Lifecare Limited
22. Hindustan Paper Corporation Limited
23. Housing & Urban Development Corporation Limited
24. HSCC (India) Limited
25. India Tourism Development Corporation Limited
26. Indian Rare Earths Limited
27. Indian Railway Catering & Tourism Corporation Limited
28. Indian Railway Finance Corporation Limited
29. Indian Renewable Energy Development Agency Limited
30. India Trade Promotion Organization
31. IRCON International Limited
32. KIOCL Limited
33. Mazagon Dock Shipbuilders Limited
34. Mahanadi Coalfields Limited
35. MOIL Limited
36. Mangalore Refinery & Petrochemical Limited
37. Mineral Exploration Corporation Limited
38. Mishra Dhatu Nigam Limited
39. MMTC Limited
40. MSTC Limited
41. National Fertilizers Limited
42. National Projects Construction Corporation Limited
43. National Small Industries Corporation Limited
44. National Seeds Corporation
45. NHPC Limited
46. Northern Coalfields Limited
47. North Eastern Electric Power Corporation Limited
48. Numaligarh Refinery Limited
49. ONGC Videsh Limited
50. Pawan Hans Helicopters Limited
51. Projects & Development India Limited
52. Railtel Corporation of India Limited
53. Rashtriya Chemicals & Fertilizers Limited
54. RITES Limited
55. SJVN Limited
56. Security Printing and Minting Corporation of India Limited
57. Solar Energy Corporation of India Limited
58. South Eastern Coalfields Limited
59. Telecommunications Consultants India Limited
60. THDC India Limited
61. Western Coalfields Limited
62. WAPCOS Limited

Category II Miniratna Companies (11 companies):

1. Artificial Limbs Manufacturing Corporation of India

2. Bharat Pumps & Compressors Limited

3. Broadcast Engineering Consultants India Limited

4. Engineering Projects (India) Limited

5. FCI Aravali Gypsum & Minerals India Limited

6. Ferro Scrap Nigam Limited

7. HMT (International) Limited

8. Indian Medicines & Pharmaceuticals Corporation Limited

9. MECON Limited

10. National Film Development Corporation Limited

11. Rajasthan Electronics & Instruments Limited

These categorizations are as per the criteria established by the Government of India to accord financial independence to highly performing PSUs

Here’s a brief overview of six leading Miniratna companies in India:

1. Airports Authority of India (AAI)

• Industry: Aviation

• Overview:   AAI operates and maintains civil aviation infrastructure in India, such as airports, air navigation services, and air traffic control. It is an essential agency to develop and modernize India's airport.

2. Bharat Sanchar Nigam Limited (BSNL)

• Industry: Telecommunications

• Overview: BSNL is among the oldest telecom service operators in India, providing mobile, broadband, and landline connectivity across the nation. It has a vital function in connecting, particularly rural regions.

3. Cochin Shipyard Limited (CSL)

• Industry: Shipbuilding & Defence

• Overview: CSL is a leading shipbuilding company in India, with expertise in ship repair, shipbuilding, and defense ships. It has constructed some of India's most advanced ships, including indigenous aircraft carriers.

4. Indian Railway Catering & Tourism Corporation (IRCTC)

• Industry: Railways & Tourism

• Overview: IRCTC manages online railway ticketing, catering, and tourism services. It is one of the large e-commerce operators, with millions of railway tickets being booked daily.

5. NHPC Limited

• Industry: Power (Hydropower)

• Overview: NHPC deals in hydroelectric power development and generation in India. It is an important contributor to India's renewable energy targets and works on projects related to big dams.

6. RailTel Corporation of India Limited

• Sector: Telecommunications & IT

• Overview: RailTel offers network infrastructure and broadband, primarily to Indian Railways. It is engaged in digital transformation initiatives such as WiFi at railway stations and government connectivity projects.

These Miniratna companies play a major role in India's infrastructure, defence, communication, and economic development.

Eligibility Criteria to Become a Miniratna Company

In order to become a Miniratna company, a PSU should satisfy the following criteria:

• For Category I: The firm should have been making profits consistently for three years with a minimum pre-tax profit of ₹30 crore in one of the three years.

• For Category II: The company must have been profitable for three consecutive years, have a positive net worth, and have either achieved a pre-tax profit of at least ₹20 crore in one of those years or sustained an average annual revenue of at least ₹80 crore over the last three years.

• The firm should not be relying on budgetary support from the government.

• A strong corporate governance structure must be in place.

Benefits of Miniratna Companies in India

1. Financial Independence: Can invest up to ₹500 crore or an amount equal to their net worth (whichever is lower) without government sanction.

2. Freedom to Act: Decision-making power in investments, joint ventures, and strategic partnerships.

3. Enhanced Efficiency: Miniratna status enhances competitiveness by enabling faster implementation of business strategies.

4. Expansion and Diversification: Can pursue new business opportunities without excessive bureaucratic hindrance.

5. Better Market Positioning: Many Miniratna companies attract investors due to their consistent performance and growth potential.

Conclusion

Miniratna companies play an essential role in India's economic development. Understanding their eligibility, benefits, and financial stability can help investors make informed decisions. If you're considering investing in Miniratna companies, ensure you conduct thorough research, rely on credible sources, and align your choices with your financial goals.

FAQs

1. How many Miniratna companies are there in India?

As of 2025, around 73 Miniratna companies are categorized into Category I and II.

2. How are Miniratna and Navratna companies different?

Navratna companies enjoy more financial independence (up to ₹1,000 crore investment authorities), while Miniratna companies enjoy limited independence depending on their category.

3. Are shares of Miniratna companies available for purchase by investors?

Yes, most Miniratna companies are listed on stock exchanges, and investors can purchase shares.

4. Are Miniratna companies a good investment?

Investment potential is company-specific. Do proper research on financial performance, industry growth, and future outlook before investing.

5. Do Miniratna companies get government funding?

No, Miniratna companies should be self-financing and should not depend on government budgetary support.