Miniratna Companies In India 2023, List, Eligibility and Extra Benefits

Miniratna Companies In India: These are public sector enterprises that enjoy enhanced autonomy and operational flexibility. They have been granted certain powers and financial independence, allowing them to make decisions swiftly and efficiently. These companies play a significant role in various sectors, including aviation, defense, telecommunications, and engineering, contributing to the growth and development of the Indian economy. With their competitive advantage and focus on corporate governance, Miniratna companies continue to drive innovation, create employment opportunities, and deliver quality services to the nation.

Eligibility of Miniratna Companies

Miniratna Company’s Eligibility Criteria: The eligibility criteria for Miniratna companies in India are as follows:

• Category-I Miniratna Companies: These companies should have made a profit in the last three years continuously, and their pre-tax profit should be at least Rs. 30 crore in at least one of those years or the average annual turnover should be at least Rs. 120 crore during the last three years.
• Category-II Miniratna Companies: These companies should have made a profit in the last three years continuously, and their pre-tax profit should be at least Rs. 20 crore in at least one of those years or the average annual turnover should be at least Rs. 80 crore during the last three years.

It’s important to note that these eligibility criteria are based on the information available up to September 2021. There might have been changes or updates to the eligibility criteria since then. I recommend checking the latest guidelines or consulting the concerned authorities for the most up-to-date information on Miniratna company eligibility.

Benefits of Miniratna Companies

Miniratna companies in India enjoy enhanced autonomy, delegated powers, and financial delegation, which allow them to make decisions quickly and efficiently. They have greater financial independence and can take decisions regarding investment and capital expenditure without frequent government approval. This gives them a competitive advantage, as they can innovate, adapt to market changes, and explore new business opportunities.

Miniratna companies also maintain high standards of corporate governance and transparency, promoting professionalism and accountability. They have flexibility in hiring and may offer performance-linked incentives to employees. The specific benefits can vary based on the category of Miniratna company and are subject to government policies and regulations.

List Of Miniratna Companies In India

List Of Miniratna Companies: There are several Miniratna companies in India. Here is a list of 14 prominent Miniratna companies.

• Airports Authority of India (AAI)
  The Airports Authority of India is a Statutory body under the ownership of the Ministry of Civil Aviation, Government of India

• Antrix Corporation
  Antrix Corporation Limited is an Indian government-owned company under the administrative control of the Department of Space.

• Bharat Dynamics Limited (BDL)
  Bharat Dynamics Limited (BDL) is one of India’s manufacturers of ammunition and missile systems. It was founded in 1970 in Hyderabad, India

• Bharat Earth Movers Limited (BEML)
  BEML Limited, formerly Bharat Earth Movers Limited, is an Indian public sector undertaking that manufactures a variety of heavy equipment, such as that used for earth moving, railways, transport, and mining.

• Bharat Sanchar Nigam Limited (BSNL)
  Bharat Sanchar Nigam Limited (BSNL) is a central public sector undertaking headquartered in New Delhi, India.

• Central Warehousing Corporation
  Central Warehousing Corporation is a statutory body that was established under ‘The Warehousing Corporations Act, of 1962.
• Cochin Shipyard (CSL)
  Cochin Shipyard Ltd (CSL) is one of the largest shipbuilding and maintenance facilities in India.
• Dredging Corporation of India (DCI)
  Dredging Corporation of India Limited, or DCI, is an Indian dredging company that does dredging for Indian seaports exclusively.

• Garden Reach Shipbuilders & Engineers (GRSE)
  Garden Reach Shipbuilders & Engineers Ltd, abbreviated as GRSE, is one of India’s leading shipyards, located in Kolkata. It builds and repairs commercial and naval vessels. GRSE also builds export ships

• Goa Shipyard (GSL)
  Goa Shipyard Limited (GSL) is an Indian Government owned shipbuilding company located on the West Coast of India at Vasco da Gama, Goa.

• India Tourism Development Corporation (ITDC)
  The India Tourism Development Corporation (ITDC) is a hospitality, retail, and education company owned by the Government of India, under the administration of the Ministry of Tourism.

• Indian Railway Catering and Tourism Corporation (IRCTC)
  Indian Railway Catering and Tourism Corporation (IRCTC) is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the Indian Railways.

• IRCON  International
  Ircon International, or Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specializing in transport infrastructure.

• Mazagaon Dock Shipbuilders Limited
  Mazagon Dock Shipbuilders Limited (MDL) formerly called Mazagon Dock Limited is a shipyard situated in Mazagaon, Mumbai.

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