India's Top PSUs 2021

22 Key Highlights of 213 Profiled Companies The 2021 edition of the India’s Top PSUs publication profiles 213 companies. These include 175 companies from the non-financial segments, 12 public sector banks, 8 public sector insurance companies and 18 companies from the FIs/NBFCs/Financial Services segment. Some of the key financial performance highlights of these 213 profiled PSUs during FY20 are: - • The aggregate total income of the 213 PSUs profiled in the publication stood at ` 38.6 trillion. • The aggregate net profit of these companies stood at ` 867 billion. • The largest sector in this universe in terms of total income was the Petroleum (refining &marketing) sector with a 34% share, followed by Insurance (19.3%) and Banks (18.5%). • The universe of 213 profiled companies includes 10 Maharatna companies. These companies account for 41% of the aggregate total income andmore than 68% of the aggregate net profit of the profiled companies. The Way Forward – Building Resilience and Modernizing India@75 & Beyond The outbreak of the COVID-19 pandemic has redefined aspects like resilience and business continuity across sectors. In a matter of months, organizations, especially in India, were forced to rethink their business priorities and to leverage digital technologies and innovative approaches in order to stay operational. While these are challenging times, it is an opportune time for PSUs to come to the forefront and help in bringing about a timely economic revival. However, this will require PSUs to modernize their systems, processes and approaches, build resilience and become future-ready in order to be able to provide the required impetus to the economy. In terms of the disinvestment strategy, the Government has given an ‘in-principle’ approval for the strategic disinvestment of 35 CPSEs and/or subsidiaries/units/joint ventures of CPSEs (since 2016) with sale of the entire or substantial stake, along with transfer of management control. Union Budget 2021-22, has envisaged the completion of strategic disinvestment of one Maharatna CPSE, (Bharat Petroleum Corporation Limited), two Navratna CPSEs (Shipping Corporation of India Limited and Container Corporation of India Limited) and two Miniratna CPSEs (BEML Limited and Pawan Hans Limited). The Government has reiterated the fact that profitability or loss of a CPSE is not a relevant criterion for taking a decision on its divestment. Earlier this year, the Prime Minister stated that one of the Government’s key mantras, especially when it comes to PSUs, is “Monetise and Modernise”. On one hand, the monetization of public assets can help bring in much- needed resources and open up investment opportunities to the tune of ` 2.5 trillion for the private sector. The National Monetisation Pipeline (NMP) can help generate ` 6 trillion between financial year 2021-22 and 2024-25. The assets being given out under the NMP will still be owned by the Government and will be returned to the Government after a period of time. The NMP will help improve liquidity to increase expenditure in infrastructure by the Government. Dun & Bradstreet