List of Miniratna Companies in India 2024 with Headquarters PDF: Here is the list of Miniratna companies in India. The points about the Miniratna companies with headquarters are detailed. The eligibility criteria for becoming a Miniratna company in India are mentioned here. The advantages of Miniratna companies in India are noted down. Some key points about the leading Miniratna companies in India are mentioned in this list of Miniratna Companies in India 2024 PDF. This will be mainly useful for the students preparing for central and state government exams, especially for bank exams. Finally, some of the major FAQs about the list of all Miniratna companies in India are listed for easy identification.

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A Short Note About Miniratna Company in India

The Union government of India decided to provide freedom and financial powers to various organizations that are profitable by forming a new category called Miniratna which the Indian Ministry introduced. 

• A Miniratna company is highly efficient in its work and maintains solid financial stability. 
• It is very useful in the telecommunications, aviation, defense, and engineering industries.
• In India, numerous Miniratna Central Public Sector Enterprises (CPSEs) exist, each with a distinct role aimed at enhancing international marketing efforts.
• Miniratna firms can work collaboratively to create new businesses that improve their competitiveness as long as they adhere to specific requirements.

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What is the Eligibility to become a Miniratna company in India?

The Miniratna companies in India are divided into two categories based on their financial performance i.e., Category 1 and Category 2. Each category has its criteria for the companies to become the Miniratna company in India. The eligibility criteria for those categories are as follows.

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Eligibility Criteria for Category 1

To qualify for Category 1, a company must have achieved stable profits for the last three years, with at least one year showing pre-tax earnings of no less than ₹30 crores, and also should maintain more assets than debts.

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Eligibility Criteria for Category 2

To qualify for Category 2, a company should generate profits consistently for the past three years and maintain a positive net worth value. The company should have made a pre-tax profit of ₹20 crores for at least one of those three years and it should have an average yearly income of at least ₹80 crore during that time.

General Eligibility Criteria

Public sector enterprises (PSEs) in India need to follow certain rules set by the government to qualify as the Miniratna companies in India.

• For the past three years, the company has had to maintain profits regularly.
• The company needs to keep a positive net worth, which shows that it is financially stable and able to pay its debts.
• The company must ensure it has made all required loan and interest payments to the government without fail.
• The company should not run with the help of any budgeted support or guarantees. It should run independently.

List of Miniratna Companies in India with Headquarters

As previously mentioned, the Miniratna companies are divided into two categories i.e., Category 1 and 2. This is the updated list on 5 August 2024 by the Department of Public Enterprises, Ministry of Finance, Government of India. Below is the list of Miniratna Companies in India with headquarters for both categories separately.

Miniratna Companies category 2 list is given here.

Benefits associated with Miniratna companies in India (Advantages)

Miniratna companies in India have several benefits that help them work better, make quick decisions, and adjust to changes in the market. I.e., 

• Miniratna companies need to uphold sound management strategies and be candid about their activities, thereby encouraging professionalism and responsibility.
• The independence and financial adaptability provided to Miniratna firms enable them to perform more competitively compared to private companies in their industries.
• Miniratna companies have the opportunity to collaborate with other firms, establish new branches, and partner with various businesses. This enables them to establish collaborations and discover new possibilities.
• These companies are allowed to make investment decisions up to a specified limit without requiring government approval. This permits them to efficiently take advantage of emerging growth prospects.
• Companies granted Miniratna status have enhanced independence in running their everyday tasks. This allows for quick decision-making and flexibility in response to market changes.

About Top Miniratna Companies in India

Here are the key points to know about the leading Miniratna Companies in India.

Airports Authority of India (AAI)

The Airport Authority of India (AAI) plays a crucial role in advancing India's civil aviation sector. Established in 1995, it oversees over 137 airports, comprising 24 international and 103 domestic facilities. AAI's duties involve the development and enhancement of airport facilities, ensuring their upkeep, and coordinating air traffic operations.

Bharat Sanchar Nigam Limited (BSNL)

BSNL, or Bharat Sanchar Nigam Limited, is the largest telecommunications and internet provider in India that is owned by the government. It was launched in the year 2000. It offers a variety of services, including mobile phone connections (2G, 3G, 4G), fast internet access, and telephone lines for both homes and businesses. BSNL provides communication services that are easy to access and affordable for people all over the country.

Bharat Dynamics Limited (BDL)

Established in 1970, Bharat Dynamics Limited (BDL) plays a crucial role in India's defense sector. BDL produces a variety of missiles, torpedoes, launchers, and other underwater weaponry for the Indian armed forces.BDL's emphasis on manufacturing within the country enhances India's ability to independently produce essential defense machinery.

Dredging Corporation of India (DCI)

The Dredging Corporation of India (DCI) regulates the water depths in ports and waterways to allow safe passage for large ships and it is also a premier company founded in 1946. DCI works to convert shallow waters into new land while offering environmental cleaning services that promote ocean health.

Cochin Shipyard Limited (CSL)

Established in 1972, Cochin Shipyard Limited (CSL) is a leading shipbuilding firm situated on India's southwestern coast. CSL specializes in the construction and repair of various vessels, including large commercial ships, sophisticated warships for the Indian Navy, and structures utilized in the oil and gas sector.CSL contributes importantly to India's shipping sector and fortifies its defense strength.

India Tourism Development Corporation (ITDC)

The India Tourism Development Corporation (ITDC), founded in 1966, is focused on fostering and enhancing the tourism sector in India. It develops and manages hotels, dining venues, and other tourist destinations, including renowned properties like Ashok Hotels. ITDC runs duty-free shops in major airports and supports tourism by collaborating with travel agencies and implementing various marketing strategies.

Indian Railway Catering & Tourism Corporation Limited (IRCTC)

Launched in 1997, the Indian Railway Catering & Tourism Corporation Limited (IRCTC) redefined the food services to train passengers. IRCTC is responsible for catering in trains at reasonable prices. It designs travel packages that combine train journeys to explore sightseeing in a budget-friendly way.

Goa Shipyard Limited (GSL)

Goa Shipyard Limited (GSL) was set up in 1955 and is an important shipyard located on the west coast of India. GSL constructs and repairs specialized vessels designed for the offshore oil and gas sector. This involves support vessels, barges for transporting equipment and personnel, as well as various kinds of specially designed ships. GSL supports India by ensuring that the nation can rely on its maritime resources for energy needs.

Miniratna Companies in India - FAQs

Q: How many Miniratna Companies in India?

There are a total of 66 Miniratna Companies in India including both categories i.e., Miniratna I CPSEs (Category 1) has 55 companies and Miniratna II CPSEs (Category 2) has 11 companies.

Q: On what basis are the Miniratna Companies in India categorized?

The Miniratna companies in India are divided into two categories based on their financial performance.

Q: Is this List of Miniratna Companies in India with Headquarters 2024 PDF updated?

Yes, This PDF is an updated one of the “List of Miniratna Companies in India with Headquarters 2024” on 5 August 2024 by the Department of Public Enterprises, Ministry of Finance, Government of India.

Q: What is the abbreviation of CPSEs?

The full form (Abbreviation) of CPSEs is Miniratna Central Public Sector Enterprises.

Q: What are the main eligibility criteria to become a Miniratna company in India?

The Public Sector Enterprises (PSEs) should maintain the profits regularly for the past three years.