PSU Full Form | Complete detail about PSU

In this post, we are going to study PSU full form and complete detail about it like PSU full form, PSU definition, PSU jobs, a career in PSU companies, salaries in PSU, and more.  Let’s start.

This post is for those candidates who are in the engineering field and looking for government benefits like medical, pensions, good package income, good position, performance allowance, provident funds, medical service, etc.

PSU Full Form: Public Sector Undertaking.

The PSU full form is Public Sector Undertaking. In 1947 India got the freedom at that time there are total 5 companies in public sector enterprises. From 1951 to 1991 the Government of India made different types of Companies. These companies are working in different fields day by day these companies are increasing so the Government of India was decided to separate these companies into three categories that are given below.

  1. Maharatna 
  2. Navaratna 
  3. Miniratna 

The companies which are listed in these three categories that type of companies is known as PSU companies. 

From here we are going to study these three categories and after that, we will look at how to get a job in these PSU companies, the procedure for apply, benefits of doing the job in such PSU companies, salary, entrance exam, other ways to get a job in PSU companies, and more. Let’s start.

Maharatna in PSU Full Form: 

Introduction: The companies which are listed in Maharatna, that companies have more autonomy and more authority compared to Navratna and Miniratna companies. 

 Maharatna Company can invest money from 1000 to 5000 crore INR in India without any accommodation or permission from the Government of India.

The Maharatna companies can invest 15% of their net worth in India without any permission.

Conditions:(to come under the Maharatna categories):

  •  Companies who wanted to come under the Maharatna companies should be in the Navaratna category first.
  •  Company turnover from the last 3 years should be 25000 crore INR.
  •  The company net worth from the last 3 years should be 5000 crore INR and more.
  •  company net profit required is 5000 crore INR after deduction of all tax and other.
  •  the company that wanted to join in Maharatna category, that company has to follow the Security Exchange Board of India.

 Name of the companies in the Maharatna category:

  1. Bharat Heavy Electricals Limited
  2. Bharat Petroleum Corporation Limited
  3.  Coal India Limited
  4. GAIL India limited
  5.  Hindustan Petroleum Corporation Limited
  6.  Indian Oil Corporation Limited
  7.  NTPC Limited
  8.  Oil and Natural Gas Corporation limited
  9.  Power Grid Corporation of India
  10.  Steel Authority of India Limited

 Salary package and extra benefits in Maharatna companies:

If you have completed your engineering graduation degree and looking for a job in these PSU companies (Maharatna companies).

 There are two fields you can make your career in these Maharatna companies.

  1. Technical field
  2.  Management field
  •  In the technical field, you have to provide engineering skills in technical sites or fields.
  •  In the management field, you have to provide your manager’s service skills like communication skill, managing skill, etc.
PSU CompaniesSalary Range per monthExtra benefits
NTCP Limited60,000 – 1,80,000DA, HRA, Medical provident funds and more.
ONGC Limited60,000 – 1,80,000DA, HRA, Medical provident funds and more.
GAIL Limited50,000-1,50,000DA, HRA, Medical provident funds and more.

These companies are secure, stable and trustable.

Navaratna in PSU Full Form:

There are total 14 companies are listed in the Navaratna category. Depending on these three factors, the 14 companies got the status of Navaratna by the Security Exchange Board of India.

  1. Turnover
  2. Net worth
  3. Net profits

The Maharatna category companies can invest their money in India like that same as Navaratna companies can also invest there some percentage of net worth in India without any permission or recommendation Government of India.

 Conditions: (To get the status of Navaratna):

  • The company has to required the state of Miniratna in category No. 1. 
  •  The company that wanted to get the status of Navratna, that company must have four independent directors that are working independently in the company.
  •  Depending upon these factors the company has to perform these factors and at least the company has to get 60% out of 100%.

Names of the 14 companies who are listed in the Navratna category:

  1.  Engineers India Limited
  2.  Hindustan Aeronautics Limited
  3.  Mahanagar Telephone Nigam Limited
  4.  National Aluminium Company Limited
  5.  NBCC India Limited
  6.  NMDC Limited
  7.  NLC India Limited
  8.   Oil India Limited
  9.  Power Finance Corporation Limited
  10.  Rashtriya Ispat Nigam Limited
  11.  Rural Electrification Corporation Limited
  12.  Shipping Corporation of India Limited

Salary and extra benefits in the Navaratna PSU companies:

PSU CompaniesSalary range per monthExtra benefits
BEL40,000-1,40,000DA, HRA, Medical provident funds and more.
HPCL60,000-1,80,000DA, HRA, Medical provident funds and more.
Oil India Limited60,000-1,80,000DA, HRA, Medical provident funds and more.
PGCIL60,000-1,80,000DA, HRA, Medical provident funds and more.

Miniratna in PSU Full Form:

The companies who are listed in Miniratna that are registered depending upon the two categories conditions which are given below:

Category No.1 in Miniratna:

The companies which are comes under category no 1 that are follow the some rules of Security Exchange Board of India.

  • Companies which are registered under the category no 1 that companies has positive growth in the last year and positive net worth.
  • The company has to get 30 crore net profits in one year atleast from last three years.
  • The company has to invest the 500 crore INR in India market so that government of India have to know the company can join category no. 1.

Category No.2 in Miniratna:

  • The company who wanted to join in category no. 2 in miniratna, that company should have positive growth and profit net profits in last year.
  • The total number of companies which are registered in miniratna category no.1 are 62 and in category no.2 are 12 companies.

Names of the companies in Miniratna PSU companies:

  1.  Airport Authority of India
  2.  Antrix Corporation Limited
  3.  Balmer Lawrie and Co. Limited 
  4. Bharat Coking coal Limited
  5.  Bharat Dynamics Limited
  6.  BEML Limited
  7. Bahar Sanchar Nigam Limited
  8. Bridge and Roof Company India
  9. (CWCL)Central warehousing corporation Limited
  10. Central Coalfields limited
  11. (CMPDI)Central Mine Planning and Design Institution
  12. Chennai Petroleum Corporation

Salary and Extra Benefits:

 The starting salary of job in miniratna PSU companies is 40,000 after promotion, the salary increment to 120,000 per month and other extra benefits the same as given in Maharatna.

How to get a job in PSU companies?

There are two ways to get jobs in PSU in the Maharatna, Navaratna and, Miniratna. The ways are given below.
1.     GATE Exam: the GATE exam is an entrance exam for getting admission in master of engineering, master or technology, and more but there are some companies selected the candidate for selection of job. It is the national level entrance exam in India. Candidates have given this exam even for a study visa to complete their masters in different countries for better performance.
2.     Personal level exam (PLE): this personal level conduct by Maharatna, Navaratna, and Miniratna for selecting the candidate.

FAQs related to PSU Full Form:


How to get jobs PSU in Maharatna, Navaratna and Miniratna PSU companies?

There are two ways to get jobs in PSU in the Maharatna, Navaratna and, Miniratna. The ways are given below.
1.     GATE Exam: the GATE exam is an entrance exam for getting admission in master of engineering, master or technology, and more but there are some companies selected the candidate for selection of job.
2.     Personal level exam (PLE): this personal level conduct by Maharatna, Navaratna, and Miniratna for selecting the candidate.

What is the PSU full form in electronic?

The full form of PSU in electronic is Power Supply Unit.

Which is the best PSU in india?

Bharat Heavy Electricals Limited
Bharat Petroleum Corporation Limited
 Coal India Limited
GAIL India limited
 Hindustan Petroleum Corporation Limited
 Indian Oil Corporation Limited
 NTPC Limited
 Oil and Natural Gas Corporation limited
 Power Grid Corporation of India
 Steel Authority of India Limited

Conclusion of PSU Full Form:

We hope you guys understood the PSU full form and also other topics related to PSU. If this information looks informative then let us know in the comment.

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