The Indian government divides Central Public Sector Enterprises (CPSEs) into three major agencies: Maharatna, Navratna, and Miniratna. These divisions are designed to give state-owned organizations a certain level of financial and operational independence so they may successfully compete in a global market and contribute significantly to the economy. By examining the listing and performance of Miniratna groups, buyers can identify investment opportunities inside authority-sponsored companies that have solid operational data, steady finances, and a presence in particular industries. So let's begin with the listing.

What is a Miniratna Company?

Miniratna firms are central Public sector enterprises (CPSEs) which have earned the trust of the Indian authorities to exercise extra autonomy by continuously demonstrating profitability and operational effectiveness. Organizations categorised as category-I Miniratna need to have turned a profit for at least 3 years in a row, with at least one of these years having a pre-tax earnings of at least ₹30 crore. agencies in class II Miniratna need to have a positive net worth and a history of profits over the preceding three years. These classes provide groups operational and financial freedom without sacrificing responsibility. They have the authority to invest capital as much as predetermined thresholds without acquiring direct government permission. Because of their independence, Miniratna companies are able to grow their operations, make faster strategic choices, and compete more effectively within the marketplace.

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Why Miniratna companies matter for investors

Complete list of Miniratna Companies in India — 2026

There are more or less 74 Miniratna organisations in India, cut up into category I and class II, according to the most recent information to be had in 2025–2026 from reliable and verifiable sources. An intensive listing of Miniratna agencies that the Indian authorities have recognized is provided below. Remember that as corporations become eligible and acquire new popularity designations, modifications and additions might take place.

Miniratna Category‑I Companies (Approx. 62)

1. Airports Authority of India (AAI)
2. Antrix Corporation Limited
3. Balmer Lawrie & Co. Limited
4. Bharat Coking Coal Limited
5. Bharat Dynamics Limited (BDL)
6. BEML Limited
7. Bharat Sanchar Nigam Limited (BSNL)
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 Limited
16. EdCIL (India) Limited
17. Garden Reach Shipbuilders & Engineers Limited
18. Goa Shipyard Limited
19. Hindustan Copper Limited
20. HLL Lifecare Limited
21. Hindustan Newsprint Limited
22. Hindustan Paper Corporation Limited
23. Housing & Urban Development Corporation Limited
24. Indian Railway Catering & Tourism Corporation (IRCTC)
25. NHPC Limited
26. ONGC Videsh Limited
27. Pawan Hans Helicopters Limited
28. Projects & Development India Limited
29. RailTel Corporation of India Limited
30. Rail Vikas Nigam Limited
31. Rashtriya Chemicals & Fertilizers Limited
32. RITES Limited
33. SJVN Limited
34. Security Printing and Minting Corporation of India Ltd
35. South Eastern Coalfields Limited
36. Telecommunications Consultants (India) Limited
37. THDC India Limited
38. Western Coalfields Limited
39. WAPCOS Limited(Note: Additional names may be included as per official DPE listings. This list is based on multiple verified sources as of late 2025.)

Miniratna Category‑II Companies (Approx. 12)

1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors Limited
3. Broadcast Engineering Consultants India Limited
4. Central Railside Warehouse Company Limited
5. Engineering Projects (India) Limited
6. FCI Aravali Gypsum & Minerals India Limited
7. Ferro Scrap Nigam Limited
8. HMT (International) Limited
9. Indian Medicines & Pharmaceuticals Corporation Limited
10. MECON Limited
11. National Film Development Corporation Limited
12. Rajasthan Electronics & Instruments Limited

Key sectors represented by Miniratna companies

Miniratna companies span across India’s core economic sectors, reinforcing their strategic importance:

1. Infrastructure & Transportation

India's connectivity and mobility depend heavily on Miniratna firms operating inside the transportation and infrastructure sectors. So as to maintain powerful operations at airports in the course of the state, the Airports Authority of India (AAI) oversees civil aviation infrastructure. Through combining train travel, food, and tourism offerings, the Indian Railway Catering & Tourism agency (IRCTC) improves passenger reports across the country. Rail Vikas Nigam Limited and RailTel help freight and passenger services as well as digital connections by means of contributing to the physical and virtual rail-based infrastructure. These corporations are important to bolstering India's transportation infrastructure and facilitating easy travel and trade. Their projects regularly have long-term economic advantages, promoting employment creation and regional growth.

2. Telecommunications & IT

Millions of Indians rely upon Miniratna corporations' telecommunications and IT services to connect them, particularly in rural and semi-urban areas. considered one of the largest telecom businesses in India, BSNL, keeps a huge network insurance while offering landline, broadband, and mobile services. A good way to guide the expansion of digital infrastructure, Telecommunications consultants (India) limited (TCIL) offers consulting offerings for telecom initiatives, both regionally and abroad. These corporations make a large contribution to India's efforts for technical development and virtual inclusion. They facilitate the expansion of industrial groups, sell government e-governance projects, and provide resources in closing the digital gap. Their contribution to the modernisation of India's IT and telecom infrastructure is becoming increasingly vital to the country's financial development.

3. Defence & Heavy Engineering

India's business independence and country-wide security depend heavily on Miniratna agencies in heavy engineering and defense. While Bharat Dynamics Limited (BDL) makes sophisticated protection devices and missile systems, BEML Limited produces heavy machinery for the mining, rail, and protection industries. With a view to guiding India's maritime defense abilities, the law applies to Shipbuilders & Engineers, restricted, and Goa Shipyard, restricted, which deal with naval shipbuilding. These businesses improve domestic manufacturing talents, similarly to supporting strategic defense readiness. India is becoming more self-sufficient in important protection technology because of their inventions and superior engineering.

4. Energy & Natural Resources

India's industrial and energy sectors are supported by using Miniratna firms within the power and natural resource sectors. NHPC Limited gives sustainable electricity solutions with a focus on hydroelectric power technology. The extraction of vital minerals and coal, which provides electricity for the nation's industrial and power needs, is a prime feature of Hindustan Copper Limited and Western Coalfields Limited. Those businesses assure a constant delivery of strength and raw commodities, which can be critical for keeping economic balance. Further to assisting regional infrastructure improvement and employment, their operations help India achieve its desires for sustainable growth and strengthen safety.

5. Other Strategic Areas

Numerous Miniratna companies support critical offerings and commercial operations through working in different key sectors. Currency, coinage, and protection documents vital to the country's economic protection are produced by way of the Safety Printing and Minting Corporation of India. Balmer Lawrie & Co. confers seamless supply chains and operational efficiency for industries across the country through its operations in logistics, industrial packaging, and travel services. In spite of their variety, those corporations make a great contribution to the overall economic system through imparting crucial offerings, promoting industrial efficiency, and creating jobs. Their strategic operations enhance enterprise competitiveness, alternative facilitation, and national security.

Conclusion

Miniratna groups are vital to India's economy. They hold operational field whilst taking advantage of extended financial powers, bridging the distance between absolutely autonomous businesses and authority oversight. These corporations offer investors a combination of boom capacity, strategic significance, and stability. As India's actions towards its economic milestones in 2026 and past, keeping in tune with the maximum current listing of Miniratna agencies in India can be a useful step toward making informed decisions, irrespective of your level of experience or portfolio diversification.