Government companies are also called public sector undertakings and those companies are owned by the government of India or state governments. In Public Sector Company the majority of share is owned by the state or central government. The PSU company lists include all maharatna companies, navratna companies, and miniratna companies. As of October 2019, there are 10 maharatnas, 14 navratnas, 73 miniratnas. In total, there are 300 central public sector enterprises. The public sector units are classified as central public sector enterprises, public sector banks, or state-level public enterprise. Prime Minister Jawaharlal Nehru promoted the economic policy based on industrialization and to advocate a mixed economy. He believed the establishment of the basic and heavy industry would lead to the development and modernization of the Indian economy. Dr.V.Krishnamurthy is known as the “Father of Public Sector Undertakings in India”. The major reason to set up PSUs was to accelerate the growth of our economy. Here are given the lists of top 10 government companies in India based on revenue.
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1. ONGC
Oil and Natural Gas Corporation (ONGC) is an Indian multinational crude oil and gas company owned by the state government of India. The company headquartered in New Delhi is controlled by the ministry of petroleum and natural gas. They are the largest oil and gas exploration company producing 70% of India’s crude oil and 84% of its natural gas. In 2010, the government of India gave ONGC the maharatna status. ONGC is ranked first profit-making public sector in India. The company was founded on 14 August 1956 by the government of India and they operate 11,000 km of pipeline in the country. The company currently handles projects in 17 countries. The CEO and MD of the company are Shashi Shanker and the company produces products like petroleum, natural gas, LNG, lubricants, electricity, petrochemicals. The number of employees in the company is 33,650.
2. Indian Oil Corporation Ltd
Indian oil corporation is a public sector oil and gas company headquartered in New Delhi. They are the largest commercial oil company in the country with a net profit INR 19,106 Cr. IOC was established on 30th June 1959, headquartered in New Delhi. IOC is ranked 1st in Fortune India 500 list for the year 2016. In 2018, IOC became the most profitable company with a record profit of INR 21,346 Cr. In Feb 2020, the company signed the deal with the Russian Oil Company Rosneft to buy 40,000 barrels per day of crude. The company serves products like petroleum, natural gas, and petrochemicals to countries, Srilanka, Middle East, and Mauritius. The chairman of IOC is Shrikant Madhav Vaidya. The largest oil company holds a workforce of more than 33,000 employees. Servo is the lubricant brand that comes under IOCL and they are the largest selling product in both the automotive and industrial segments.
3. NTPC Ltd
National Thermal Power Corporation Limited is an Indian public sector company engaged in generating electricity and allied activities. The company was established in 1975 and headquartered in New Delhi. They are into the business of generating and selling electricity to state-owned power distribution companies. The company also undertakes other projects that involve engineering, project management, construction management, and operation and management of power plants. NTPC has also ventured into oil and gas exploration, and coal mining activities. They are the largest company in India producing electricity of 62,086 MW. Currently, NTPC operates 55 power stations. The Chairman and MD of NTPC are Gurdeep Singh and the company has a workforce of 19918. In 2010, NTPC was given Maharatna status by the union government of India and it’s being ranked 400 in Forbes global 2000 for 2016.
4. Coal India Ltd
Coal India Ltd is a public sector coal refining and mining company headquartered in Kolkata, West Bengal. They are the largest coal-producing company in the world. The company was founded in 1975 and contributes 82% of total coal production in India. They produce 554.14 million tonnes of raw coal and earned revenue of INR 95435 Cr. CIL is owned by Union Government of India and the operation is controlled through the ministry of coals. The Chairman and MD of CIL are Pramod Agarwal. CIL produces coal through 7 subsidiaries and they wholly own subsidiary in Mozambique. The revenue of the company is INR 140,603 Cr and has the number of employees 272445. CIL stands 377 in Forbes global ranking and earned 48 in global performance in the Platts Top 250 Global Energy Company Ranking.
5. Power Grid Corporation of India Ltd
The Power Grid Corporation Ltd is a state-owned company headquartered in Gurugram. The company is engaged in the transmission of power. The company transmits 50% of total power through the transmission network. The company was founded in 1989 and the service they offer includes transmission, distribution, and energy trading. Powergrid has revenue of INR 38317.97 Cr and holds employees of 9255. The company handles power management for the national grid and state transmission utilities. They also operate a telecom business under the name of Powertel. The Chairman and MD of the company are Kandikuppa Sreekant. The company facilitates the transfer of power across regions with reliability, security, and economy on sound commercial principles.
6. Bharat Petroleum Corporation Ltd
BPCL is a public sector oil and gas company founded in 1952 headquartered in Mumbai. The corporation operates two large refineries, Kochi and Mumbai. The company is the 2nd largest oil company and ranked 275th in Fortune list of the world’s biggest corporation of 2019. BPCL offers products like petroleum, natural gas, LNG, lubricants, and petrochemicals. The company was set up to explore discoveries of Assam and Burma during the British rule in India. Bharat petroleum operates the following refinery, Mumbai, Kochi, Bina, and Numaligarh refinery. The Chairman and MD of the company are D Rajkumar. BPCL was the first refinery to process crude Bombay High. The revenue of the company is INR 286501.23 Cr and has a 12157 number of employees.
7. Power Finance Corporation Ltd
Power finance corporation ltd is an Indian financial institution established in 1986, headquartered in New Delhi and it is the financial backbone of the Indian financial sector. PFC is the 8th largest profit-making public sector and also India’s largest infrastructure finance company. The company deals with products like a rupee term loan, foreign currency loan, and short term loan and the services the company offer includes financial consulting, financial products, investment banking, loan management, and linkage management. The Chairman and MD of the company are Ravinder Singh Dhillon. The public sector company revenue is INR 3336290 Cr and they have the number of employees around 500. PFC is one of the promoters in EESL, with NTPC, Powergrid, and REC. Recently the company is financing infrastructure projects which has the backward link to the power sectors like coal mine development, fuel transportation, oil & gas pipeline.
8. Mahanadi Coalfields Ltd
Mahanadi coalfield ltd is a public sector company founded in the year 1992 headquartered in Odisha. They are one of the major coal-producing company in India. The coal mines are spread across Odisha and the company has 8 subsidiaries. MCL has a total of seven open cast mines and three underground mines. MCL two subsidiaries are private companies and they are a joint ventures with MNH Shakti Ltd and MJSJ Coal limited. The Chairman and MD of the company is Bhola Nath Shukla and the products the company deals with are coal and bituminous. The number of staff working in MCL is 22,352.
9. Hindustan Petroleum Corporation Ltd
HPCL is an oil and natural gas company with headquarters in Mumbai. The company was founded in 1974 and the products they deal with include petroleum, natural gas, LNG, lubricants, and petrochemicals. The parent company is ONGC which owns a 51% stake in the company. HPCL is ranked 367th on Fortune Global 500 list. The company has two major refineries, one in Mumbai of 7.5 million tonnes per year capacity and the other in Vishakhapatnam, with a capacity of 8.3 million tonnes per year. They own and operate the largest lubricant refinery in India producing base oils of international standard. The company consists of 21 zonal offices in major cities and 128 regional offices. The MD of the company is M K Surana and the revenue of HPCL is INR 298.618 Cr. The number of staff working at HPCL is 10352.
10. Gail ( India) Ltd
Gas Authority of India Ltd is the largest state-owned natural gas processing and distribution company in India. The company was founded in 1984 headquartered in New Delhi. The products the company deals with include natural gas, petrochemical, liquid hydrocarbons, LPG, E7P, and electricity generation. The chairman and MD of GAIL are Manoj Jain. The revenue of the company is INR 74054 and the number of staff working is 4529. GAIL is Indias most trusted brand and they have one of the largest cross country natural gas pipeline project in the world.