Want to have a job security like government job and salaries and promotion at par with private sector......! Then this could be what you are looking for.
In India, public sector undertaking (PSU) is a term used for a government-owned corporation (company in the public sector). The term is used to refer to companies in which the government (either the Union Government or state or territorial governments, or both) owned a majority (51 percent or more) of the company equity.
|Eligibility||DoThree 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 year.|
As on 30 September 2015 there are 7 Maharatnas, 17 Navratnas and 73 Miniratnas