What is a Maharatna Company?

What is a Maharatna Company?

On the earth, Everyone needs to do some effort to live. One of them is a human, who is very intelligent and smart. obviously, humans also need to do something to get food. In humans Some persons doing their own business and some of them do jobs. If the job is government, then the bat becomes a bat(Hindi – Balle-Balle ho Jaye ).

In India Getting a Government, the job is a big Achievement in the life of many students. and Obviously, getting a government job in Maharatna PSU through the Gate Exam, Dream of every engineering student.

What is Maharatna?

Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with impact from nineteenth May 2010, to engage uber CPSEs to extend their activities and arise as worldwide monsters. The target of the plan is to designate upgraded forces to the Boards of distinguished huge measured Navratna CPSEs in order to work with the development of their activities, both in homegrown just as worldwide business sectors.

Eligibility Criteria for grant of Maharatna status

To Become the Maharatna Company or comes under the Maharatna PSU Status, should fulfill many conditions of Central Public Sector Enterprises (CPSEs). So  following criteria are eligible to be considered for grant of Maharatna status:

  • Having Navratna status
  • Significant global presence or international operations
  • Listed on the Indian stock exchange
  • The average turnover should be more than Rs. 20000cr.
  • The average net worth should be more than Rs. 10000cr.
  • The average net profit should be more than Rs. 2500cr.

If Any Navratna Company fulfills all the above conditions then it is eligible for the Maharatna status.

How to get a job in Maharatnas Companies PSUs?

To do a job at Maharatna Company provides the best opportunities in various managerial and technical fields and It will help to grow professionally.

Whether its great pay scale especially after the recommendations made by the 7th pay revision commission, which tends to extend the salary or the pay-related allowances or the reputation within the society or the opposite numerous benefits like leaves, medical benefits, good work environment, pension scheme, cafeteria approach, which suggests employees can make a preference from the benefits given to consistent with their needs and other allowances – the advantages are many. These are just a few of the explanations among others to form it as popular because it is.
Getting job in Maharatna PSU is like a crown among the opposite and scoring a good score in GATE Examination is one among the favored ways to urge this crown, as many of those companies, now recruit through the GATE exam followed by their own criteria. The aspirants must secure an honest GATE Score to land this job.

And some Maharatnas companies recruit their own written exams and interview to be the select candidates.

List of Maharatnas Companies of India

Following CPSEs have been identified as Maharatnas:

  1. Bharat Heavy Electricals Limited
  2. Bharat Petroleum Corporation Limited
  3. Coal India Limited
  4. GAIL (India) Limited
  5. Hindustan Petroleum Corporation Limited
  6. Indian Oil Corporation Limited
  7. NTPC Limited
  8. Oil & Natural Gas Corporation Limited
  9. Power Grid Corporation of India Limited
  10. Steel Authority of India Limited

Read more about Public sector undertakings in India

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