India's Top PSUs 2021

7 The thirteenth edition of ‘India’s Top PSUs’ publication features 213 public sector undertakings (PSUs). The companies that have been featured include Central Public Sector Enterprises (CPSEs) which are a part of the Department of Public Enterprises (DPE) list (operational enterprises as on 31.03.2020; public sector Scheduled Commercial Banks (SCBs) as defined by the Reserve Bank of India (RBI) on 31.03.2021 (excluding Regional Rural Banks); public sector insurance companies as defined by the Insurance Regulatory and Development Authority of India (IRDAI) and other public sector NBFCs/Financial Institutions formed by Acts of the Indian Parliament. The publication also includes a listing of active state PSUs as collated from the websites of the Ministry of Corporate Affairs and Comptroller and Auditor General of India and websites of State Governments. The status of CPSEs (Maharatna, Navratna and Miniratna) is as enumerated by the DPE as of July 2021. Central PSUs which have ceased to exist due to merger/amalgamation post 31.03.2021 have been excluded. The initial selection of the PSU data was based on compilations from various sources such as the DPE, RBI, IRDAI, BSE, Dun & Bradstreet’s database and data from various ministries. The shortlisted PSUs were sent a detailed questionnaire seeking operational and financial information. This publication features PSUs with a standalone total income equal to or above ` 250mn during FY20 as a selection criterion. Information contained in this publication has been procured from authentic and credible sources available in the public domain such as company annual reports/documents, websites, DPE and the registrar of companies. Further, companies that did not respond with critical data and/or whose information is not available in the public domain were not considered to ensure that all information contained in this publication is verified and authenticated. All the financial information in the publication is based on standalone financials as per the revised Indian Accounting Standard or old GAAP adopted by the company and available in the public domain such as from annual reports or financial statements (audited or provisional) or as disclosed by DPE in its Public Enterprises Survey 2019-20. The various financial computations are as per Dun & Bradstreet’s methodology and have been explained explicitly in the ‘Definitions and Calculations’ section. Each company featured in the publication has been allotted a unique identification number (D-U-N-S ® - Data Universal Numbering System). This will help readers locate and obtain full-fledged information reports on these companies from the Dun & Bradstreet database. The editorial team is confident that ‘India’s Top PSUs 2021’ will prove to be a source of valuable information. We would be pleased to receive your invaluable feedback and suggestions. Methodology Dun & Bradstreet