Eligibility Criteria for Grant of Maharatna, Navratna and Miniratna Status to CPSEs
eligibility criteria laid down by the Government for grant of Maharatna,
Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs) are
Criteria for grant of Maharatna
The CPSEs fulfilling the
following criteria are eligible to be considered for grant of Maharatna status.
Listed on Indian stock exchange with minimum prescribed public
shareholding under SEBI regulations.
annual turnover of more than Rs. 25,000 crore, during the last 3 years.
annual net worth of more than Rs. 15,000 crore, during the last 3 years.
annual net profit after tax of more than Rs. 5,000 crore, during the last 3
Should have significant global
Criteria for grant of Navratna status :-
Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very
good’ rating under the Memorandum of Understanding system in three of the last
five years, and have composite score of 60 or above in the six selected
performance parameters, namely,
(i) net profit to net worth,
(ii) manpower cost to total cost of production/services,
(iii) profit before depreciation, interest and taxes to
(iv) profit before interest and taxes to turnover,
(v) earning per share and
(vi) inter-sectoral performance.
Criteria for grant of Miniratna
The CPSEs which have
made profits in the last three years continuously and have positive net worth
are eligible to be considered for grant of Miniratna status.
Presently, there are 7 Maharatna, 16 Navratna
and 71 Miniratna CPSEs.
MP:SS maharatna 21-07-2014