What are Maharatna Companies?
Maharatna Companies are a special category of large, state-owned enterprises in India that have been granted significant autonomy and empowerment by the Government of India. These companies are among the most influential and financially robust public sector undertakings (PSUs) in the country. The designation of Maharatna status signifies the highest level of recognition and trust conferred upon select PSUs based on their performance, scale, and strategic importance to the nation’s economy.
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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