Eligibility Criteria for a Maharatna Company
The Maharatna status has certain eligibility criteria, including:
- Having Navratna status.
- Being listed on India’s stock exchange with a minimum prescribed public shareholding under SEBI regulations.
- Achieving an annual net profit of around 5000 crores after tax collection for the last three years, with an average turnover of Rupees 25 crore during the same period.
- Maintaining a substantial global presence and engaging in international operations.
Maharatna Companies in India
Maharatna companies in India are a distinct category among Public Sector Undertakings. The term “Maharatna”, which means “a great jewel” in Hindi, highlights the importance of these companies in the national economy and their impact globally. To have the Maharatna status, companies must meet specific criteria set by the Indian government, including already holding Navratna status, being listed on India’s stock exchange with a minimum prescribed public shareholding, and maintaining strong financial performance.
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