List of Navratna Companies in India 2025

Navratna companies are government-owned public sector enterprises that have been given greater financial and operational freedom to compete more effectively in the market. These companies have shown consistent performance and profitability, which has earned them more autonomy from the central government. 

In this article, we will understand what Navratna companies are, what makes a company eligible for this status, and also explore the list of Navratna companies in India.

What is Navratna Company

Navratna companies are those Central Public Sector Enterprises that are given Navratna status by the Indian government for their excellence and strategic importance. This status grants them greater autonomy, allowing them to invest up to Rs 1,000 crore in a single project and up to 30% of their net worth annually without prior government approval.

List of Navratna Companies in India

The Navratna companies in India include 26 enterprises, such as Mahanagar Telephone Nigam Ltd, Bharat Electronics, National Aluminium Company, NMDC, and many other big names. Here is the complete Navratna companies list:

Overview of Navratna Companies of India

Here is a detailed overview of all Navratna companies in India. This includes their year of establishment, the year they were granted Navratna status, and their areas of operation.

1) Mahanagar Telephone Nigam Ltd

• Establishment year: 1986

• Navratna company status: 1997

• Overview: It was established to enhance telecom services, expand the network, and introduce new technologies in key metro cities, like Delhi and Mumbai. Known for its pioneering efforts, MTNL was the first to launch 3G mobile services in India and introduced innovations like VoIP and IPTV. It also played a major role in making mobile communication affordable and accessible. 

2) Bharat Electronics Ltd

• Establishment year: 1954

• Navratna company status: 2007

• Overview: It is a leading manufacturer of electronic equipment for India’s defence sector, and over the years, it has expanded into civilian domains such as homeland security, smart cities, cybersecurity, and medical electronics.

3) National Aluminium Company Ltd

• Establishment year: 1981

• Navratna company status: 2008

• Overview: It is one of India’s largest integrated producers of bauxite, alumina, aluminium, and power. With the Government of India holding a 51.28% stake (as of September 2024), NALCO operates a 68.25 lakh TPA bauxite mine, a 21 lakh TPA alumina refinery, a 4.6 lakh TPA aluminium smelter, and a 1,200 MW captive power plant. 

4) NMDC Ltd

• Establishment year: 1958

• Navratna company status: 2008

• Overview: NMDC Ltd is a fully government-owned enterprise which comes under the Ministry of Steel, and is primarily engaged in the exploration and mining of mineral such as copper, rock phosphate, limestone, magnesite, diamonds, and tungsten. It is also a leading producer of high-grade iron ore, iron ore pellets, and diamonds. 

5) Shipping Corporation of India Ltd 

• Establishment year: 1961

• Navratna company status: 2008

• Overview: SCI is engaged in transporting goods and passengers, with a diverse fleet that includes bulk carriers, tankers, container ships, LPG carriers, and offshore supply vessels, and it also manages vessels for various government agencies. As India’s leading shipping line, SCI handles about one-third of the country’s total tonnage and operates across both domestic and international trade routes. 

6) Rashtriya Ispat Nigam Ltd

• Establishment year: 1982

• Navratna company status: 2010

• Overview: RINL is the corporate entity of Visakhapatnam Steel Plant under the Ministry of Steel. It is India’s first shore-based integrated steel plant, recognised for its high-quality products, and serves a wide range of industrial sectors for products like rebars, wire rods, forged rounds, structurals, special steel, and many by-products. 

7) Neyveli Lignite Corporation Ltd (NLC)

• Establishment year: 1956

• Navratna company status: 2011

• Overview: It is a Navratna Government enterprise under the Ministry of Coal, engaged in fossil fuel mining and thermal power generation. Adapting to evolving energy trends, the company has diversified into renewable energy and coal mining, both in India and overseas. 

8) Container Corporation of India Ltd

• Establishment year: 1988

• Navratna company status: 2014

• Overview: CONCOR specializes in inland container transportation by rail, along with managing ports, air cargo complexes, and cold chains. Its core operations are divided into three segments, namely, carrier services, terminal operations, and warehousing. It also offers multimodal logistics solutions for both domestic and international trade, including road transport for door-to-door delivery.

9) Engineers India Ltd

• Establishment year: 1965

• Navratna company status: 2014

• Overview: It offers comprehensive consultancy, engineering, and turnkey project services, i.e., conceptualisation, planning, design, engineering, procurement, construction, and commissioning, along with post-execution support. EIL operates across diverse sectors including infrastructure, fertilizers, ports, crude oil storage, LNG, water management, metals, defence, renewables, and clean energy. 

10) National Buildings Construction Corporation Ltd

• Establishment year: 1960

• Navratna company status: 2014

• Overview: NBCC is under the Ministry of Housing and Urban Affairs, operating in Project management consultancy, engineering procurement & construction (EPC), and real estate. Since its inception, the company has undertaken diverse projects across institutional, residential, industrial, and environmental sectors. 

11) Rail Vikas Nigam Ltd

• Establishment year: 2003

• Navratna company status: 2023

• Overview: RVNL and its subsidiaries specialise in executing a wide range of rail infrastructure projects assigned by the Ministry of Railways (MoR), including track doubling (including 3rd/4th lines), gauge conversion, new line construction, railway electrification, major bridges, workshops, and production units. 

12) ONGC Videsh Ltd

• Establishment year: 1965

• Navratna company status: 2023

• Overview: ONGC Videsh Ltd, a wholly owned subsidiary of ONGC, is the overseas arm of India’s national oil company. Its core business involves the exploration, development, and production of oil and gas assets outside India. It holds participating interests in 32 projects across 15 countries and is the second-largest petroleum company in India by reserves and production, after its parent ONGC. 

13) Rashtriya Chemicals & Fertilizers Ltd 

• Establishment year: 1978

• Navratna company status: 2023

• Overview: RCFL is a major fertiliser and chemical manufacturer, with around 75% government ownership. The company produces urea, complex and bio-fertilizers, water-soluble Fertilizers, soil conditioners, and various industrial chemicals. 

14) IRCON International Ltd

• Establishment year: 1976

• Navratna company status: 2023

• Overview: IRCON began as a railway construction company and has evolved into an integrated engineering and construction PSU. Since 1985, it has diversified into executing large and technically complex infrastructure projects across sectors such as railways, highways, and more. 

15) RITES Ltd

• Establishment year: 1974

• Navratna company status: 2023

• Overview: RITES LTD is a public sector enterprise and a key player in transport consultancy and engineering in India. As a multidisciplinary organisation, RITES offers end-to-end services across various sectors, including railways, highways, metros, tunnels, airports, ports, urban infrastructure, and green mobility, with a broad geographical presence. 

16) Housing and Urban Development Corporation Ltd

• Establishment year: 1970

• Navratna company status: 2023

• Overview: HUDCO is a public financial institution focused on financing housing and urban development projects across India. It primarily supports social housing, urban infrastructure, and also offers consultancy services for key government initiatives.

17) National Fertiliser Ltd

• Establishment year: 1974

• Navratna company status: 2024

• Overview: The NFL is involved in the production and marketing of Neem-coated Urea, bio-Fertilizers (both solid and liquid), and various industrial products. It also trades in imported and domestic Fertilizers, compost, seeds, and other agricultural products. 

18) Central Warehousing Corporation:

• Establishment year: 1957

• Navratna company status: 2024

• Overview: CWC is a statutory body established under the Warehousing Corporation Act of 1962. It aims to deliver reliable, cost-effective, and value-added warehousing and logistics solutions while upholding social responsibility and environmental sustainability.

19) Indian Renewable Energy Development Agency Ltd: 

• Establishment year: 1987

• Navratna company status: 2024

• Overview: IREDA is a government-owned NBFC under the Ministry of New and Renewable Energy. It promotes and finances projects related to renewable energy, energy efficiency, and conservation. Recognised as a public financial institution, IREDA operates with the motto “Energy for Ever,” supporting the development and commercialisation of sustainable energy solutions.

20) Mazagon Dock Shipbuilders Ltd: 

• Establishment year: 1774

• Navratna company status: 2024

• Overview: MDL is one of India’s leading shipyards, specialising in building and repairing warships and submarines for the Ministry of Defence, as well as commercial vessels. It is the only Indian shipyard to construct both destroyers and conventional submarines. Since 1960, MDL has delivered over 800 vessels, including 30 warships and 8 submarines, along with various commercial ships and offshore structures for domestic and international clients.

21) Railtel Corporation of India Ltd: 

• Establishment year: 2000

• Navratna company status: 2024

• Overview: Railtel is a leading ICT and neutral telecom infrastructure provider in India, with a nationwide optical fibre network. The company has executed key national projects, like BharatNet, the National Knowledge Network (NKN), and railway signalling systems. 

22) Solar Energy Corporation of India Ltd:

• Establishment year: 2011

• Navratna company status: 2024

• Overview: SECI is a Navratna CPSU focused on advancing renewable energy in India. As the key implementing agency for solar, wind, and hybrid projects, SECI supports the nation’s Nationally Determined Contributions (NDCs). It currently operates 122.7 MW of renewable energy capacity and aims to expand further in the sector.

23) NHPC Ltd:

• Establishment year: 1975

• Navratna company status: 2024

• Overview: NHPC is India’s largest hydropower developer, handling projects from concept to commissioning, and it has also expanded into solar and wind energy. NHPC is tasked with promoting efficient power development through both conventional and renewable sources, in India and internationally.

24) SJVN Ltd:

• Establishment year: 1988

• Navratna company status: 2024

• Overview: Satluj Jal Vidyut Nigam is primarily involved in electricity generation and hydro-power consultancy. From a single project, it has grown to operate 14 projects with a total capacity of 2,787 MW and 123 km of transmission lines. SJVN is currently active across multiple Indian states and Nepal.

25) Indian Railway Catering & Tourism Corporation Ltd: 

• Establishment year: 1999

• Navratna company status: 2025

• Overview: IRCTC, under the Ministry of Railways, is the hospitality and tourism arm of Indian Railways. It manages catering and hospitality services on trains and stations and promotes domestic and international tourism through tour packages, budget hotels, and travel services.

26) Indian Railway Finance Corporation Ltd: 

• Establishment year: 1986

• Navratna company status: 2025

• Overview: IRFC is the financing arm of Indian Railways, under the Ministry of Railways. It raises funds from domestic and international markets to meet Indian Railways' Extra Budgetary Resource (EBR) needs, primarily by financing and leasing assets to the Railways.

Navratna Company Criteria And Eligibility Requirements

To be recognized as a Navratna company, an enterprise must meet specific eligibility criteria set by the Government of India. Let’s now take a look at those conditions.

1) It must be classified as a Miniratna Category I and a Schedule ‘A’ CPSE. 

2) It should have secured a performance rating of ‘Excellent’ or ‘Very Good’ in at least three out of the last five Memoranda of Understanding (MOUs).

3) The CPSE must achieve a Minimum Composite Score of 60 or above, based on six key financial and operational parameters: 

• Net profit to net worth - 25% weightage

• Manpower cost to cost of production or services - 15%

• PBDIT to capital employed - 15%

• PBDIT to turnover - 15%

• Earnings Per Share - 10%

• Inter-sectoral performance - 20%

Benefits of Being a Navratna Company in India

Navratna companies enjoy certain key privileges that help them grow faster and operate more efficiently. Let us now understand those benefits:

1) Financial Autonomy

Navratna companies enjoy the freedom to invest up to Rs 1,000 crore in a single project without requiring government approvals. Additionally, they can invest up to 30% of their net worth annually, provided the single investment does not exceed Rs 1,000 crore. This autonomy enables quicker decision-making and strategic growth. 

2) International Expansion

These Navratna companies will have the liberty to establish offices abroad and collaborate with foreign firms. This will facilitate global market entry, fostering strategic alliances, and granting access to advanced technologies. 

3) Stronger Decision-making Authority

Navratna companies enjoy enhanced powers where their Board of Directors can make key decisions related to hiring, investments, and daily operations without frequent government interventions. This autonomy speeds up internal processes and promotes smoother functioning. 

4) Better Market Responsiveness

With more freedom, these companies can quickly adapt to market trends and changes. This flexibility helps them stay competitive and operate more efficiently compared to those with Ltd decision-making powers. 

Role of Navratna Companies in India’s Economic Development

Navratna companies play a vital role in driving India’s economic growth. Here are some of the key ways they contribute:

1) Powering India’s Economy

Navratna companies play a key role in growing India’s economy. They earn huge revenues, create jobs, and attract large-scale investments, all of which will boost the country’s GDP. 

2) Building the Nation’s Backbone

These Navratna companies develop major infrastructures like railway networks, power plants, and communication systems. This supports India’s long-term growth and development. 

3) Securing Energy Needs

Many Navratna companies help the country to ensure a steady supply of energy by working on power and fuel projects both in India and abroad.

4) Made in India, for India

The majority of Navratna companies build high-tech equipment in India itself. This reduces our need to import expensive machinery and equipment, and strengthens local manufacturing. 

5) Driving Innovation and Technology

These Navratna companies invest in research and modern technology to improve their services and stay competitive in the long run. 

Maharatna vs Navratna vs Miniratna

Let us now look into the difference between Maharatna and Navratna companies, along with Miniratna companies:

Conclusion

In summary, Navratna companies represent a group of government enterprises that have greater autonomy and operational flexibility, and contribute significantly to economic growth, development, and progress. They operate across crucial sectors, from energy and defence to telecommunications and manufacturing, helping India achieve economic resilience. 

As India advances toward self-reliance and global competitiveness, these companies will continue to be powerful agents of the Nation’s progress!