Maharatna Status - Central Pubilc Sector Enterprises (CPSEs)

What is Maharatna Status?

Some of the Navratna companies have grown very big and have considerably larger operations than their peers. It was felt that these CPSEs which are at the higher end of the Navratna category and have potential to become Indian Multinational Companies (MNCs), can be recognized as a separate class, i.e. ‘Maharatna’

Eligibility Creteria:

Maharatna is the status give to the prestegious public sector Enterprises (CPSEs), which having the following eligibility criteria are proposed to be considered for Maharatna status:

1. Having Navratna status
2. Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
3. An average annual turnover of more than Rs.25,000 crore during the last 3 years
4. An average annual net worth of more than Rs.15,000 crore during the last 3 years
5. An average annual net profit after tax of more than Rs.5,000 crore during the last 3 years
6. Should have significant global presence/international operations

Currently, the government has 18 navratnas, however, the new maharatna status allows those company that qualify to make investment decisions to the tune of Rs 5,000 crore without requirement of government approval.