HARD LINE: NavRatan and MahaRatan

The six criteria for eligibility as Maharatna are.

Having Navratna status.
Listed on Indian Stock Exchange with minimum prescribed public shareholding under SEBI regulations.
An average annual turnover of more than Rs. 20,000. crore during the last 3 years. Earlier it was Rs 25,000 Crore.
An average annual net worth of more than Rs. 10,000 crore during the last 3 years. Earlier it was Rs. 15,000 crore.
An average annual net profit after tax of more than Rs. 2500 crore during the last 3 years. Earlier it was Rs. 5000 crore.
Should have significant global presence/international operations.

	Maharatna	Navratna	Miniratna Category-I	Miniratna Category-II
Eligibility	Three years with an average annual net profit of over Rs. 2500 crore (earlier was 5,000 Cr), OR Average annual Net worth of Rs. 10,000 crore for 3 years (earlier was 15,000 Cr), OR Average annual Turnover of Rs. 20,000 crore for 3 years (earlier was 25,000 Cr)	A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest and Taxes), capital employed, etc., AND A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.	Have made profits continuously for the last three years or earned a net profit of Rs. 30 crore or more in one of the three years	Have made profits continuously for the last three years and should have a positive net worth.
Benefits for investment	Rs. 1,000 crore - Rs. 5,000 crore, or free to decide on investments up to 15% of their net worth in a project	up to Rs. 1,000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year (not exceeding Rs. 1,000 crores).	up to Rs. 500 crore or equal to their net worth, whichever is lower.	up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

List of Maharatna in INDIA

Navratna

Navratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navratna status has been raised to .