What do mean by miniratna company?

Miniratnas are those small to mid sized public sector enterprises that are making good profits and have started building a reputation. Because of the sheer number of companies that come under this grouping, the government has gone a step further to classify companies as Miniratna Category 1 and Miniratna Category 2.

1. Category I companies should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crore or more in at least one of the three years and should have a positive net worth.

2. Category II companies should have made profit for the last three years continuously and should have a positive net worth.

In addition - These companies should not have defaulted in the repayment of loans/interest payment on any loans due to the Government. Also, these public sector enterprises shall not depend upon budgetary support or Government guarantee for their functioning.