- Financial Express
Making of India’s Maharatna PSUs: The journey of these government companies to becoming crown jewels
Being a Maharatna PSU in India is a prestigious status granted to select state-owned companies by the Indian government. To be considered a Maharatna, a PSU must meet certain criteria related to its performance, financials, and global competitiveness. Maharatna PSUs are given greater autonomy and freedom in decision-making, as well as enhanced financial and operational powers. They have the ability to make investments, enter into joint ventures, and make strategic decisions without seeking government approval. This status provides these PSUs with a competitive advantage and helps them to compete effectively in the global market. Here’s a look at how and when India’s only 12 Maharatna PSUs achieved this status.