Ten Best Public Sector Companies In India: The Backbone Of Indian Economy

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(Last Updated On: June 16, 2017)

Public Sector companies are those companies in which major part of stake ,i.e., either 51% or more than that is owned by union government of India or the state or territorial government or by both. Presently, there are more than 250 public sector companies are present in India which are performing well in their respective domain. These names are very popular and are very much preferred when it comes to trading. These companies are administered by the government which have given some status to each company according to parameters like annual turnover, net worth and profit to the country. Some companies have maharatna status, some have navratna status and some have mini ratna category I and category II status. As of 2017, there are 7 maharatnas, 17 navratnas and 73 miniratnas in India. Let us have a look at the top 10 public sector companies in India in the year 2017:

10. Power Grid Corporation of India Limited (PGCIL)

Power Grid Corporation of India Limited (PGCIL) Top Popular Public Sector Companies in India 2017

Founded: 1989
Chairperson: Shri I S Jha
Headquarter: Gurugram, Haryana, India
Website: www.powergridindia.com

Power Grid Corporation of India Limited is a Navratna company of India. PGCIL is engaged in generation and transmission of electricity in the India. PGCIL also has a strong presence in 15 more Asian and African countries like UAE, Sri Lanka and many more. This company has a wide network of more than 1.16 lakh circuit kilometers of transmission lines and 190 substations for electricity transmission in India and more than 10000 employees are working for it. The total revenue of the company is about $3 to $4 billion with market capitalization of Rs. 103,847 crore.

9. Bharat Petroleum Corporation Limited (BPCL)

Founded: 1974
Chairperson: D Rajkumar
Headquarter: Mumbai, Maharashtra, India
Website: www.bharatpetroleum.com

Bharat Petroleum Corporation Limited (BPCL) is a navratna company of India. BPCL produces and supply oil and gas in India. It got listed at 229 position in the Fortune 500 companies of the world and is one of the leading producer of oil and gas in the country. There are 14,000 employees working for BPCL in India. The total revenue of the company is $36 billion with market capitalization of Rs. 96,835 crore.

8. Bharat Electronics Limited (BEL)

Founded: 1954
Chairperson: M V Gowtama
Headquarter: Bangalore, Karnataka, India
Website: www.bel-india.com

Bharat Electronic Limited is a navratna company of India. BEL primarily manufactures advanced electronic products like radars, weapon systems and many more for the Indian Armed Forces. It is one of the nine PSUs under Ministry of Defence of India. BEL has workforce of approximately 12000 employees. The total revenue of the company is about $1 billion.

7. Steel Authority of India (SAIL)

Founded: 1954
Chairperson: Prakash Kumar Singh
Headquarter: New Delhi, India
Website: www.sail.co.in

Steel Authority of India is a maharatna company of India. SAIL is one of the top steel producing company of the world. Company has a huge production portfolio which includes steel, long steel products, wire products, plates and flat steel products. SAIL is responsible for fulfillment of steel requirements of the country which is very important for our economic growth. This company is managed by more than 100,000 employees. The total revenue of the company is $7.5 billion.

6. Oil and Natural Gas Corporation of India (ONGC)

Founded: 1956
Chairperson: Dinesh Kumar Sarraf
Headquarter: Tel Bhavan, Dehradun, Uttarakhand, India
Website: www.ongcindia.com

Oil and Natural Gas Corporation of India is a Maharatna company of India. ONGC is India’s largest oil and natural gas exploration and production company. It produces 77% of the crude oil and 62% of the natural gas of the India. It has been ranked as largest profit making PSU of India in the year 2011, was 499 in the top 500 list of world’s biggest corporation for the year 2015 and was also ranked 17th among the top 250 Global Energy Companies by Platts. The impeccable services provided by the ONGC are because of the hard work of the 32,000 employees working for it. The total revenue of the company is about $21 billion with market capitalization of INR 2.6 trillion.

5. National Thermal Power Corporation Limited (NTPC)

National Thermal Power Corporation Limited (NTPC) Top Most Popular Public Sector Companies in India 2018

Founded: 1975
Chairperson: Gurdeep Singh
Headquarter: New Delhi, India
Website: www.ntpc.co.in

National Thermal Power Corporation Limited is a maharatna company of India. NTPC is the largest power company of India which is in business of generation and selling of electricity to state owned power distribution companies and State Electricity Boards in India. It is also engaged in project contracts of power plants and exploration of natural gas and its transportation and distribution. There are 21,633 employees working in NTPC which contributes in the total revenue of $10.73 billion of the company.

4. Indian Oil Corporation Limited (IOCL)

Founded: 1959
Chairperson: B. Ashok
Headquarter: New Delhi, India
Website: www.iocl.com

Indian Oil Corporation Limited is a maharatna company of India. IOCL is one of the largest oil and natural gas company of India that produces more than 50% crude oil and natural gas for the country. IOCL does business that includes refining, marketing of petroleum products, pipeline exploration, production of crude oil, natural gas and petrochemicals. It has around 35,000 employees working for it in India. The total revenue of the company is $66 billion.

3. Gas Authority of India Limited (GAIL)

Founded: 1984
Chairperson: Shri B C Tripathi
Headquarter: New Delhi, India
Website: www.gailonline.com

Gas Authority of India Limited is one of the seven Maharatna status PSUs of India. It is largest natural gas processing and distribution company of India. It also produces petroleum for the country. The company has 4,000 employees working for it. The total revenue of the company is $9.2 billion.

2. Coal India Limited (CIL)

Founded: 1975
Chairperson: Sutirtha Bhattacharya
Headquarter: Kolkata, West Bengal, India
Website: www.coalindia.in

Coal India Limited is the Maharatna company of India. It is the largest producer of coal in the world which produces 81% of total coal of India. Company has more than 3,00,000 employees which is largest after defense and railways in India. The total revenue of the company is $12 billion with market capitalization of $31 billion.

1. Bharat Heavy Electricals Limited (BHEL)

Bharat Heavy Electricals Limited (BHEL) Top Most Famous Public Sector Companies in India 2018

Founded: 1964
Chairperson: Atul Sobti
Headquarter: New Delhi, India
Website: www.bhel.com

Bharat Heavy Electricals Limited is the Maharatna company of India. It is India’s largest Power Plant Equipment manufacturer. It manufactures, design , test and service electrical items like boilers, gas and steam turbines, motors, generators and many more. It also supply the items produced by it all over country. There are 43,000 employees contributing in its success. The company has total revenue of $3.9 billion.

Public Sector Companies are the backbone of the economy of the India. They not only fulfill the needs of products in Indian market but also contributes in generation of Income, capital formation, employment, infrastructure, strong industrial base, export promotion and import substitution, contribution to the central exchequer, checking concentration of income and wealth and removal of regional disparities. We have studied above about the top 10 public sector companies but there are more than 250 public sector companies which are working hard and growing fast to enter the top 10 list.

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