Top 10 Best Maharatna Companies In India [Updated 2022]

Maharatna Companies In India

Based on their financial autonomy, India’s Central Public Sector Enterprises (CPSEs) are divided into three groups. Maharatna, Navratna, and Miniratna are three of these classifications. In India, Maharatna firms are those with a maximum investment limit of Rs. 5,000 crores. Companies of this type can invest up to 15% of their net value in a project. For this aim, they do not need to obtain express official consent. 

In 2010, the Indian government created the Maharatna category to give companies more economic independence and help them compete in the global market. Because these businesses fall into a higher category, the government raised their investment ceiling to 5,000 crores, allowing them to invest up to 15% of their net worth in a project. A corporation in India must meet at least one of the three eligibility standards listed below to be included on the Maharatna company list:

  • During the previous three years, the company must have made an average annual net profit of more than 5,000 crores.
  • During the last three years, the company’s average annual net worth should have been 15,000 crores.
  • During the previous three years, the company’s average yearly turnover must have been 25,000 crores

Bharat Heavy Electricals Limited (BHEL)

The government-owned engineering and manufacturing business Bharat Heavy Electricals Limited is based in New Delhi, India, and is among the top 10 maharatna companies in India.

The Indian government owns it through the Ministry of Heavy Industries. Since its inception in 1956, BHEL has grown to become India’s largest power-generating equipment firm.

BHEL is one of India’s leading engineering and manufacturing enterprises, engaged in the design, engineering, building, testing, commissioning, and maintenance of a wide range of goods and services, with over 180 product lines to suit the economy’s ever-growing demands.

Bharat Petroleum Corporation Limited (BPCL)

Bharat Petroleum Corporation Limited (BPCL) is an Indian oil and gas company controlled by the government. It is owned by the Ministry of Petroleum and Natural Gas of the Indian government, which is situated in Mumbai, Maharashtra. Two major refineries are located in Kochi and Mumbai.

Discover Bharat Petroleum’s fascinating history as India’s ‘best performing’ and among the top 10 Maharatna companies in India. Civil Service Undertaking, and its transformation from an Indian oil and gas company to a Fortune 500 oil refining, exploration, and marketing conglomerate.

When oil breakthroughs were made and businesses grew, John D. Rockefeller and his business acquaintances bought refineries and pipelines in large numbers. They went on to construct the Standard Oil Trust, a behemoth in its own right, with these purchases under its belt.

As a result of this, three of Standard Oil’s biggest rivals – Royal Dutch, Shell, and Rothschild’s – banded together to establish Asiatic Petroleum, a single organization that markets petroleum products across South Asia.

Coal India Limited (CIL)

The state-owned coal mining corporation Coal India Limited (CIL) was founded in November 1975. With a modest production of 79 million tonnes (MTs) in its first year, CIL has grown to become the world’s largest coal producer and one of the greatest corporate employers, employing 2,59,016 people (as of 1st April 2021) and competing head-on with other top 10 maharatna companies in India.

CIL operates through its companies in 85 mining locations in eight (8) Indian states. Coal India Limited operates 345 mines, with 151 underground mines, 172 open cast mines, and 22 mixed mines (as of April 1, 2021).

CIL now operates 13 coal washeries with a cumulative cleansing ability of 35.38 MTY (11 are coking coal washeries and the remaining 2 are non-coking), as well as other facilities such as workshops and clinics.

Gas Authority of India Limited (GAIL)

GAIL Limited, based in GAIL Bhawan in New Delhi, India, is a government-owned natural gas company responsible for natural gas processing and distribution and considered among the top 10 maharatna companies in India.

GAIL (India) Limited is India’s major natural gas firm, having broad interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E&P, and other areas of the natural gas value chain.

It owns and manages a natural gas pipeline network spanning the length and width of the country, totaling 13,340 kilometers.

In India, GAIL has a 70% market share in gas transmission and a 50% market share in gas trading. GAIL and its subsidiaries and joint ventures have a significant share of the city gas distribution market. In the liquefied natural gas (LNG) industry, GAIL has a substantial portfolio.

Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited operates as a subsidiary of Oil and Natural Gas Corporation, which is owned by the Government of India’s Ministry of Petroleum and Natural Gas and is based in Mumbai, Maharashtra.

With solutions that address a wide range of needs, HPCL is changing the energy environment across the country and beyond.

HPCL is a world brimming with different options to cater to your energy requirements, with numerous answers for innumerable wants? A world guided by cutting-edge technology that adds value to your life. HPCL is among the largest leading top 10 maharatna companies in India.

HPCL considers it their responsibility to keep your kitchen burners lit with clean and safe gas all day. Where HCPL leads the way in providing individualized vehicle and customer service 24 hours a day, 7 days a week through our retail shops. Where we give your aspirations the boost they need to take flight.

Every aspect of your life has a touch of HP, from the food you eat to the clothes you wear, from the cosmetics you use to the entertainment gadgets you use.

Indian Oil Corporation Limited (IOCL)

IOCL is a world of high-caliber people, state-of-the-art technologies, and cutting-edge R&D; a world of best practices, quality-consciousness, and integrity; and a world where energy in all its forms is harnessed most securely and delivered to consumers most economically.

IndianOil, as one of India’s leading natural gas companies, is vigorously pushing this environmentally benign fuel across all user segments: industry, transportation, residences, commercial organizations, and is one of the leading top 10 maharatna companies in India.

The Corporation intends to be the market leader in R-LNG and is investing/increasing its market share in LNG sourcing, import terminals, cross-country gas pipelines, city gas distribution (CGD) networks, and bulk road-tanker deliveries.

IndianOil is set to deliver piped natural gas (PNG) to households and compressed natural gas (CNG) as an auto-fuel, with an ambitious objective of reaching 40 Geographical Areas (GA) on its own and with reputable joint venture partners.

National Thermal Power Corporation (NTPC)

National Thermal Power Corporation Limited, or NTPC Limited, is an Indian government corporation. It was associated with the production of power as well as other related operations. It is a governmental corporation that was established under the Companies Act of 1956 and is owned by the Ministry of Power of the Government of India.

NTPC is India’s major power utility, with 68,567.18 MW of installed capacity (including JVs) with expected to grow to 130 GW by 2032. NTPC, which was founded in 1975, aspires to be the world’s largest and greatest power company and one of the top 10 maharatna companies in India.

NTPC’s extensive Rehabilitation & Resettlement and CSR policies are closely interwoven with the company’s main business of power project development and generation.

NTPC is dedicated to providing dependable electricity at competitive costs in a sustainable way by maximizing the utilization of numerous energy sources and employing new eco-friendly technologies, therefore contributing to the nation’s economic progress and social upliftment.

Oil and Natural Gas Corporation (ONGC)

The Oil and Natural Gas Corporation is a crude oil and natural gas corporation controlled by the Indian government. New Delhi is the company’s registered office. The Ministry of Petroleum and Natural Gas is in the management of the operations.

Maharatna ONGC is India’s biggest crude oil and natural gas company and among the top 10 maharatna companies in India, accounting for over 71% of domestic output. Crude oil is the raw ingredient used by downstream firms such as IOC, BPCL, HPCL, and MRPL (the latter two of which are ONGC operations) to make petroleum products like fuel, diesel, kerosene, naphtha, and cooking gas LPG.

ONGC is remarkable in that it has in-house service capabilities in all sectors of oil and gas exploration and production, as well as allied oil-field services. This public sector organization, which won the Best Employer award, has a devoted workforce of roughly 28,500 experts who work around the clock in difficult settings.

Power Grid Corporation of India

The Power Grid Corporation of India Limited was established on October 23, 1989, under the Companies Act, 1956 as a public limited company with an authorized share capital of Rs. 5,000 crore (subsequently increased to Rs. 10,000 crores in Financial Year (FY) 2007–08) and serves as the country’s primary electric power transmission company. The government of India owns 51.34 percent of the company as of December 31, 2020.

Electricity Grid Company of India Limited is an Indian statutory corporation that operates under the Ministry of Power, Government of India, and is located in Gurugram, India. Bulk electricity transmission between Indian states is its main business. Electricity Grid transfers about half of the total power generated in India through its transmission network. It’s also PAS 99: approved.

Steel Authority of India Limited (SAIL)

Steel Authority of India Limited, situated in New Delhi, India, is a government-owned steel manufacturer. With annual revenue of INR 68,452 crore for the fiscal year 2020–21, it is owned by the Ministry of Steel, Government of India. SAIL was founded on January 24, 1973, and currently employs 62,620 people.

SAIL manufactures iron and steel in five integrated facilities and three special steel factories mostly in India’s eastern and central regions, near to local raw material sources. SAIL is a steel company that makes and distributes a wide range of steel products. SAIL with its remarkable performance shares the place among the top 10 maharatna companies in India, making it one of the most trusted steel manufacturers in India.

The Indian government owns around 65 percent of SAIL’s stock and has voting authority over the company. SAIL, on the other hand, has tremendous operational and financial autonomy due to its ‘Maharatna’ status.


How many Maharatna companies are there in India in 2022?

In India, there are a total of ten Maharatna Companies, ONGC, NTPC, CIL, GAIL, IOCL, SAIL, BHEL, BPCL, HPCL, and PGCI.

Which is the largest Maharatna company in India?

Coal India Limited is the Government of India’s largest Maharatna Company holding (66.13 percent ).

Which corporation recently received Maharatna status?

The state-owned Power Finance Corporation (PFC) has been given the title of ‘Maharatna’ by the government. The Ministry of Finance’s Department of Public Enterprises issued an order to that effect.

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