India’s Top PSUs 2019

5 India has emerged as the fastest growing major economy in the world. The role of the country’s Public Sector Undertakings (PSUs) in key areas of oil, energy, power, financial services and infrastructure is very critical to continue this momentum. Further, their importance to the socio economic and financial landscape is underscored by the fact that Central Public Sector Enterprises (CPSEs) provided employment to nearly 1.08 mn people and contributed ` 3.5 trillion to the central exchequer in FY18, according to statistics provided by the Public Enterprises Survey 2017-18, Ministry of Heavy Industries and Public Enterprises. The publication, ‘ India’s Top PSUs 2019 ’ is a compendium of all central public sector undertakings in India. It encapsulates the overview of the financial performance of CPSUs during FY18. It also includes the sectoral performance & contribution of the Maharatna, Navratna and Miniratna PSUs. In the 2019 edition of the publication, Dun & Bradstreet has profiled 169 Central PSUs which comprise of 131 companies from the non-financial segment, 20 public sector banks, 8 insurance companies and 10 companies from the FIs/NBFCs segment respectively. The entire research and highlights mentioned below are based on the data of these 169 CPSUs. Mentioned below are the financial performance highlights of the featured PSUs during FY18: • The aggregate total income of the 169 profiled PSUs stood at around ` 33.7 trillion in FY18; showing a growth of nearly 8% as compared to FY17 • Petroleum – refining & marketing sector emerged as the largest contributor in the non-financial segment accounting for nearly 53% and 34% of the aggregate income and profit respectively • The eight Maharatnas and 16 Navratnas account for nearly 52% and 20% of the aggregate total income of the companies from the non-financial segment • In terms of income growth, Maharatnas and Navratnas, both grew by 11% in FY18 compared to the previous year With rapid economic reforms and a changing business environment, the PSUs are currently going through a very dynamic phase. The government is taking various initiatives to make them more competitive mostly through strategic divestment and consolidation. Going forward, they are expected to play an important role in realizing the government’s vision. Dun & Bradstreet will continue to track the performance of Central PSUs and keep the readers updated on various developments through future editions of the ‘ India’s Top PSUs ’. Naina R Acharya Leader Learning & Economic Insights Group Dun & Bradstreet India Executive Summary