What are Maharatna in India? In 2009, the government established the Maharatna status, which raises a company’s investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. The Maharatna firms would now be free to decide on investments up to 15 per cent of their net worth in a project. Earlier, the Navaratna companies could invest up to Rs 1,000 crore without government approvals. Criteria for Maharatna In order to qualify as a Maharatna, a company must have: Three years with an annual net profit of over Rs.2500 crore Net worth of Rs. 10,000 crore Turnover of Rs. 20,000 crore What are Navratna in India? The Navratna status is offered to PSEs, which gives a company enhanced financial and operational autonomy and empowers it to invest up to Rs. 1000 crore or 15% of their net worth on a single project without seeking government approval. In a year, these companies can spend up to 30% of their net worth not exceeding Rs. 1000 cr. They will also have the freedom to enter joint ventures, for...