Public sector undertakings in India

Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalisation or an executive order incase of union government and state government or act of parliament incase of union government and act of state legislature incase of state government with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products & services at an affordable price to the citizens, implementation of government schemes and to deliver products & services to remote locations of the country.

PSUs are also called government-owned enterprises or government-owned corporations or statutory corporations or nationalised corporations. These establishments are wholly or partly owned by the Government of India and/or one of the many state governments of India. Central Public Sector Undertakings (CPSUs) are wholly or partly owned by the Government of India, while State Public Sector Undertakings (SPSUs) are wholly or partly owned by state or territorial governments.^[1]

In 1951, there were five PSUs under the ownership of government sector in India. By March 2021, the number of such government entities had increased to 365.^[2] These government entities represented a total investment of about ₹16.41 lakh crore as of 31 March 2019. Their total paid-up capital as of 31 March 2019 stood at about ₹2.76 lakh crore. CPSEs have earned a revenue of about ₹24.43 lakh crore + 1 lakh crore during the financial year 2018–19.^[2]

History

Further information: Economic history of India

When India achieved independence in 1947, it was primarily an agrarian entity, with a weak industrial base. There were only eighteen state-owned Indian Ordnance Factories, previously established to reduce the dependency of the British Indian Army on imported arms.^[3]

The British Raj had previously elected to leave agricultural production to the Private sector, with tea processing firms, Jute mills (such as the Acland Mill), railways, electricity utilities, banks, coal mines, and steel mills being just some of the economic entities largely owned by private individuals like the industrialist Jamsetji Tata. Other entities were listed on the Bombay Stock Exchange.^[4]

Critics of private ownership of India's agricultural and industrial entities—most notably Mahatma Gandhi's independence movement—instead advocated for a self-sufficient, largely agrarian, communal village-based existence for India in the first half of the 20th century.^[5][6] Other contemporary criticisms of India's public sector targeted the lack of well-funded schools, public libraries, universities, hospitals and medical and engineering colleges; a lack seen as impeding an Indian replication of Britain's own industrialization in the previous century.^{[7][8][9][10][11]}

Post-Independence, the national consensus turned in favor of rapid industrialisation of the economy, a process seen as the key to economic development, improved living standards and economic sovereignty.^[12] Building upon the Bombay Plan, which noted the necessity of government intervention and regulation in the economy, the first Industrial Policy Resolution announced in 1948 laid down in broad strokes such a strategy of industrial development. Later, the Planning Commission was formed by a cabinet resolution in March 1950 and the Industrial (Development and Regulation) Act was enacted in 1951 with the objective of empowering the government to take necessary steps to regulate industry.^[13]

The first Prime Minister of India, Jawaharlal Nehru, promoted an economic policy based on import substitution industrialisation and advocated a mixed economy.^[14] He believed that the establishment of basic and heavy industry was fundamental to the development and modernisation of the Indian economy. India's second five year plan (1956–60) and the Industrial Policy Resolution of 1956 emphasized the development of public sector enterprises to meet Nehru's national industrialisation policy. His vision was carried forward by Dr. V. Krishnamurthy, a figure known as the "Father of Public sector undertakings in India". Indian statistician Prasanta Chandra Mahalanobis was instrumental to its formulation, which was later termed the Feldman–Mahalanobis model.^[15][16]

In 1969, Indira Gandhi's government nationalised fourteen of India's largest private banks, and an additional six in 1980. This government-led industrial policy, with corresponding restrictions on private enterprise, was the dominant pattern of Indian economic development until the 1991 Indian economic crisis.^[13] After the crisis, the government began divesting its ownership of several PSUs to raise capital and privatize companies facing poor financial performance and low efficiency.^[17][18]

Management

The public sector undertakings are headed by the head of board of directors also known as chairperson cum managing director cum chief executive officer and a vice chairperson cum deputy managing director cum co-chief executive officer along with the members of the board of directors also known as executive director cum c-level officer who are Group 'A' gazetted officers appointed by the President of India in case of central public sector undertakings, its subsidiaries & its divisions and appointed by the Governor of States of India incase of state public sector undertakings, its subsidiaries & its divisions. The officers and employees working for public sector undertakings, subsidiaries of public sector undertakings and divisions of public sector undertakings are also classified as gazetted officers and full-fledged government employees.

All of the public sector undertakings have been awarded additional financial autonomy. Public Sector Undertakings are government establishments that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".^[19] Financial autonomy was initially awarded to nine PSUs as Navratna status in 1997.^[20] Originally, the term Navaratna meant a talisman composed of nine precious gems. Later, this term was adopted in the courts of the Gupta emperor Vikramaditya and Mughal emperor Akbar, as the collective name for nine extraordinary courtiers at their respective courts.

In 2010, the central government established the higher Maharatna category, which raises a public sector unit's investment ceiling from ₹1,000 crore to ₹5,000 crores.^[21] The Maharatna public sector units can now decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies could invest up to ₹1,000 crore without explicit government approval. Two categories of Miniratnas afford less extensive financial autonomy.

Guidelines for awarding Ratna^[22] status are as follows:

Category	Eligibility	Benefits for investment
Maharatna	Three years with an average annual net profit of over ₹2,500 crores, OR The average annual Net worth of ₹10,000 crores for 3 years, OR Average annual Turnover of ₹20,000 crore for 3 years (against Rs 25,000 crore prescribed earlier)^[23]	₹1,000 crore – ₹5,000 crores, or free to decide on investments up to 15% of their net worth in a project
Navaratna	A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, the total cost of production, cost of services,  PBDIT (Profit Before Depreciation, Interest, and Taxes), capital employed, etc., AND A PSU must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.	up to ₹1,000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year (not exceeding ₹1,000 crores).
Miniratna Category-I	Have made profits continuously for the last three years or earned a net profit of ₹30 crores or more in one of the three years	up to ₹500 crore or equal to their net worth, whichever is lower.
Miniratna Category-II	Have made profits continuously for the last three years and should have a positive net worth.	up to ₹300 crores or up to 50% of their net worth, whichever is lower.

PSUs in India are also categorized based on their special non-financial objectives and are registered under Section 8 of Companies Act, 2013 (erstwhile Section 25 of Companies Act, 1956).

Top profit making Central PSUs

Top 10 Profit Making CPSEs in Financial Year 2019–20^[24]

S. No.	CPSE Name	Net Profit (₹ crore)	Share (%)
1	Oil and Natural Gas Corporation Limited (ONGC)	13,445	9.7
2	Coal India Limited (CIL)	11,281	8.2
3	Power Grid Corporation of India (PGCIL)	10,811	7.8
4	National Thermal Power Corporation (NTPC)	10,113	7.3
5	Gas Authority of India Limited (GAIL)	6,621	4.8
6	Mahanadi Coalfields (MCL)	6,427	4.7
7	Power Finance Corporation Limited (PFCL)	5,655	4.1
8	Northern Coalfields (NCL)	4,971	3.6
9	Rural Electrification Corporation (REC)	4,886	3.5
10	Nuclear Power Corporation of India Ltd (NPCIL)	4,459	3.2
	Other CPSEs	59,443	43
	Aggregated profit of profit-making CPSEs	1,38,112	100

Top loss making Central PSUs

Top Loss Making CPSEs in Financial Year 2021-22^[24]

S. No.	CPSE Name	Net Loss (₹ crore)	Share (%)
1	Bharat Sanchar Nigam Limited (BSNL)	15,500	34.6
2	Mahanagar Telephone Nigam Limited (MTNL)	3,696	8.2
3	Bharat Petro Resources Ltd (BPRL)	915	2.0
4	Hindustan Copper Ltd (HCL)	569	1.3
	Other CPSEs	4,094	9.1
	Aggregate loss of loss-making CPSEs	44,817	100

List of Central PSUs

Main article: List of public sector undertakings in India

Public Sector Units (PSUs) can be classified as Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), or State Level Public Enterprises (SLPEs). CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises. The Department of Public Enterprises (DPE), Ministry of Finance is the nodal department for all the Central Public Sector Enterprises (CPSEs).

As of October 2021, there are 12 Maharatnas, 12 Navratnas and 73 Miniratnas (divided into Category 1 and Category 2).^[25][26]

List of Maharatna CPSUs

1. Oil and Natural Gas Corporation (ONGC)
2. Bharat Heavy Electricals Limited (BHEL)
3. Bharat Petroleum Corporation Limited (BPCL)
4. Coal India Limited (CIL)
5. Gas Authority of India Limited (GAIL)
6. Hindustan Petroleum Corporation Limited (HPCL)
7. Indian Oil Corporation Limited (IOCL)
8. National Thermal Power Corporation (NTPC)
9. Power Grid Corporation of India(PGCIL)
10. Steel Authority of India Limited (SAIL)
11. Power Finance Corporation Limited (PFCL)
12. Rural Electrification Corporation Limited (REC)^[27]

List of Navratna CPSUs

1. Bharat Electronics Limited (BEL)
2. Container Corporation of India (CONCOR)
3. Engineers India Limited (EIL)
4. Hindustan Aeronautics Limited (HAL)
5. Mahanagar Telephone Nigam Limited (MTNL)
6. National Aluminium Company (NALCO)
7. National Buildings Construction Corporation (NBCC)
8. National Mineral Development Corporation (NMDC)
9. NLC India Limited (Neyveli Lignite)
10. Oil India Limited (OIL)
11. Rashtriya Ispat Nigam Limited (RINL)
12. Shipping Corporation of India (SCI)

List of Miniratna CPSUs

Miniratna Category-I (61)

1. Airports Authority of India (AAI)
2. ONGC Videsh Limited
3. Antrix Corporation
4. Balmer Lawrie
5. Braithwaite & Co.
6. Bharat Coking Coal Limited (BCCL)
7. Bharat Dynamics Limited (BDL)
8. Bharat Earth Movers Limited (BEML)
9. Bharat Sanchar Nigam Limited (BSNL)
10. Bridge and Roof Company (India)
11. Central Electronics Limited
12. Central Warehousing Corporation
13. Central Coalfields Limited
14. Central Mine Planning & Design Institute Limited
15. Chennai Petroleum Corporation (CPCL)
16. Cochin Shipyard (CSL)
17. Cotton Corporation of India Limited (CCIL)
18. EdCIL (India) Limited
19. Garden Reach Shipbuilders & Engineers (GRSE)
20. Goa Shipyard (GSL)
21. Hindustan Copper (HCL)
22. HLL Lifecare
23. Hindustan Newsprint
24. Hindustan Paper Corporation Limited
25. Housing and Urban Development Corporation (HUDCO)
26. HSCC India Limited
27. Indian Tourism Development Corporation (ITDC)
28. Indian Rare Earths
29. Indian Railway Catering and Tourism Corporation (IRCTC)
30. Indian Railway Finance Corporation
31. Indian Renewable Energy Development Agency Limited
32. India Trade Promotion Organisation (ITPO)
33. Ircon International
34. Kudremukh Iron Ore Company (KIOCL)
35. Mazagon Dock Limited
36. Mahanadi Coalfields (MCL)
37. MOIL Limited
38. Mangalore Refinery and Petrochemicals Limited (MRPL)
39. Mineral Exploration Corporation Limited
40. Mishra Dhatu Nigam
41. MMTC Ltd.
42. MSTC Limited
43. National Fertilizers (NFL)
44. National Projects Construction Corporation
45. National Small Industries Corporation
46. National Seed Corporation (NSC)
47. NHPC Limited
48. Northern Coalfields (NCL)
49. North Eastern Electric Power Corporation Limited (NEEPCL)
50. Numaligarh Refinery
51. Pawan Hans Helicopters Limited
52. Projects and Development India Limited (PDIL)
53. RailTel Corporation of India
54. Rail Vikas Nigam Limited (RVNL)
55. Rashtriya Chemicals & Fertilizers (RCF)
56. RITES
57. SJVN Limited
58. Security Printing and Minting Corporation of India
59. Solar Energy Corporation of India
60. South Eastern Coalfields (SECL)
61. Telecommunications Consultants India (TCIL)
62. THDC India Limited
63. Western Coalfields (WCL)
64. WAPCOS Limited

Miniratna Category-II (12)

1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors
3. Broadcast Engineering Consultants India Limited
4. Central Railside Warehouse Company Limited
5. Engineering Projects (India) Limited
6. FCI Aravali Gypsum and Minerals (India) Limited
7. Ferro Scrap Nigam Limited
8. HMT International Limited
9. Indian Medicines Pharmaceutical Corporation Limited
10. MECON
11. National Film Development Corporation of India (NFDC)
12. Rajasthan Electronics and Instruments Limited

List of other CPSEs

1. Agrinnovate India Ltd.
2. AFC India Limited
3. Amul (Anand Milk Union Limited)
4. Anushakti Vidhyut Nigam Limited
5. Aravali Power Company Private Limited (APCPL)
6. Bengal Chemicals and Pharmaceuticals Limited
7. Bengal Immunity Limited
8. Biotechnology Industry Research Assistance Council (BIRAC)
9. Bird Group of Companies
10. Bharat Broadband Network (BBNL)
11. Bharat Gold Mines Limited
12. Bharat Wagon and Engineering
13. Bharat Immunologicals and Biologicals Corporation
14. Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL)
15. Brahmaputra Cracker and Polymer Limited
16. BrahMos Aerospace
17. BHAVINI
18. Biotech Consortium India Limited
19. BHEL Electrical Machines Ltd. (EML)
20. Bhor Sagar Port Limited
21. BEML Midwest ltd.
22. Convergence Energy Services Limited
23. Cement Corporation of India
24. Central Inland Water Transport Corporation Limited (CIWTC)
25. Certification Engineers International Limited
26. City and Industrial Development Corporation
27. Chenab Valley Power Projects
28. Damodar Valley Corporation (DVC)
29. Dedicated Freight Corridor Corporation of India
30. Delhi Metro Rail Corporation (DMRC)
31. Deposit Insurance and Credit Guarantee Corporation
32. Digital India Corporation
33. Dredging Corporation of India
34. Electronics Corporation of India Limited (ECIL)
35. Employees State Insurance Corporation (ESIC)
36. Energy Efficiency Services Limited (EESL)
37. Export Credit Guarantee Corporation of India
38. Fresh & Healthy Enterprises Limited
39. Fertilizer Corporation of India
40. Fertilisers and Chemicals Travancore Limited
41. Food Corporation of India (FCI)
42. Green Gas Limited
43. Government e Marketplace
44. Hemisphere Properties India Limited
45. Haldia Petrochemicals Limited
46. Hindustan Antibiotics Limited
47. Hindustan Insecticides Limited
48. Hindustan Organic Chemicals Limited (HOCL)
49. Hindustan Fertilizers Corporation Limited (HFCL)
50. Hindustan Prefab Limited
51. Hindustan Salts Limited
52. Hindustan Steelworks Construction Company Ltd.
53. Hindustan Urvarak & Rasayan Limited(HURL)
54. Hindustan Vegetable Oils Corporation
55. Hindustan Teleprinters Limited (HTL)
56. HSCC (India) Limitred
57. Hotel Corporation of India Limited (HCIL)
58. Jal Power Corporation Ltd.
59. Karnataka Soaps and Detergents Limited
60. Khadi Natural
61. Khanij Bidesh India Ltd.
62. Life Spring Hospitals (P) Ltd.
63. Kolkata Metro Rail Corporation
64. Konkan Railway Corporation
65. Konkan LNG
66. Krishnapatnam Railway Company Limited
67. Karnataka Vijayanagar Steel Limited, NMDC Steel
68. Madras Fertilizers
69. Mahanagar Gas
70. Millennium Telecom Ltd.
71. Metal & Steel Factory
72. Meja Urja Nigam Private Limited (MUNPL)
73. National Capital Region Transport Corporation
74. National Dairy Development Board
75. National Highways and Infrastructure Development Corporation Limited
76. National Highways Logistics Management Company
77. National Projects Construction Corporation Ltd (NPCC)
78. National Payments Corporation of India (NPCI)
79. National Land Monetisation Corporation (NLMC)
80. National Informatics Centre Services Inc. (NIC)
81. National Industrial Corridor Development Corporation Limited
82. Narmada Hydroelectric Development Corporation
83. National High Power Test Laboratory(NHTPL)
84. Neelachal Ispat Nigam Limited
85. Orissa Drugs & Chemicals Ltd.(ODCL)
86. Bharat Refractories Limited, Bokaro
87. NewSpace India Limited
88. NEPA Mills Ltd.
89. NSEIT
90. NSPCL (NTPC-SAIL Power Company Limited)
91. Open Network for Digital Commerce
92. IndiaFirst Life Insurance Company
93. Infrastructure Development Finance Company (IDFC Limited)
94. Industrial Finance Corporation of India Limited
95. Indian Dairy Machinery Company Ltd. (IDMC)
96. India Debt Resolution Company Limited (IDRCL)
97. IHB Limited (a joint venture of IOCL, HPCL & BPCL)
98. Indian Financial Technology and Allied Services
99. Indian Highway Management Company Limited (IHMCL)
100. Indian Vaccine Corporation Limited
101. Indian Medicine Pharmaceutical Corporation Ltd.
102. Indian Immunologicals Limited
103. India Infrastructure Finance Company Limited (IIFCL)
104. Indian Port Rail Corporation Limited
105. India Ports Global Limited
106. Indraprastha Gas Limited
107. Indradhanush Gas Grid Limited (IGGL)
108. Infrastructure Leasing & Financial Services
109. India SME Asset Reconstruction Company Limited
110. Indian Potash Limited
111. Indian Strategic Petroleum Reserves Ltd
112. Inland & Coastal Shipping Ltd.
113. Inland Waterways Authority of India
114. Instrumentation Limited
115. Intelligent Communication Systems India Limited (ICSIL)
116. Irrigation and Water Resources Finance Corporation Limited
117. Petronet LNG
118. Pipavav Railway Corporation Ltd. (PRCL)
119. Power System Operation Corporation
120. Prize Petroleum Company Limited
121. Protean eGov Technologies Ltd. (Formerly NSDL e-Governance Infrastructure Limited)
122. PTC India (formerly Power Trading Corporation India Limited)
123. Punjab Logistics Infrastructure Limited
124. Railway Energy Management Company Limited (REMCL)
125. Rajasthan Drugs & Pharmaceuticals Limited(RDPL)
126. Ramagundam Fertilizers and Chemicals Limited
127. Ratnagiri Gas and Power
128. Receivables Exchange of India Ltd (RXIL)
129. Ropeways and Rapid Transport System Development Corporation
130. Sagarmala Development Company
131. SIDCUL CONCOR Infra Compny Limited
132. Semiconductor Complex Limited
133. Smith Stanisteet Pharmaceuticals Limited
134. sethusamudram corporation limited
135. Sponge Iron India Ltd (SIIL)
136. STCI Finance Limited
137. State Farms Corporation of India
138. Tourism Finance Corporation Of India Ltd.
139. Tusco Limited.
140. Talcher Fertilizers Limited.
141. Urban Mass Transit Company
142. UTI Infrastructure Technology and Services Limited (UTIITSL)
143. Triveni Structurals Limited
144. Utkarsha Aluminium Dhatu Nigam Limited
145. UV Asset Reconstruction Company Limited

List of Defense PSUs

1. Armoured Vehicles Nigam Limited
2. Advanced Weapons and Equipment India Limited
3. Gliders India Limited
4. India Optel Limited
5. Munitions India Limited
6. Troop Comforts Limited
7. Yantra India Limited
8. Indo-Russia Rifles (IRRPL)

List of CPSUs privatized

• Air India – sold to Tata Group in 2020
• Bharat Aluminium Company – sold to Vedanta Limited in 2000 but Aluminum plant closed in 2015 only power plant & land assets are working ^[28]
• CMC Limited – sold to Tata Consultancy Services in 2001, merged with TCS in 2016
• Lagan Engineering – in 2001
• Hindustan Zinc Limited – sold to Vedanta Limited in 2001^[29]
• HTL Limited, an optical fiber company - sold to HFCL in 2001
• Maruti Udyog Limited
• Modern Food Industries – sold to Hindustan Unilever in 2000
• Neelachal Ispat Nigam Limited - sold to Tata Steel Long Products in 2022
• Paradeep Phosphates Limited(PPL) - sold to Adventz Group in 2001
• Pawan Hans - sold to Star9 Mobility in 2022
• Videsh Sanchar Nigam Limited – sold to Tata Group in 2008
• Jessop & Company – sold to Ruia Group in 2003 but bankrupt in 2013 ^[30]
• Indian Petrochemicals Corporation Limited – sold to Reliance Industries

List of Central PSUs (Financial Services)

Main article: Public sector banks in India

Nationalised banks

Currently there are 12 Nationalised Banks in India (Government Shareholding power is denoted in %, as of 30 October 2022):

• State Bank of India (57.52%)
• Bank of Baroda (63.97%)
• Union Bank of India (83.49%)
• Punjab National Bank (73.15%)
• Canara Bank (62.93%)
• Punjab & Sind Bank (98.25%)
• Indian Bank (79.86%)
• Bank of Maharashtra (90.97%)
• Bank of India (81.41%)
• Central Bank of India (93.08%)
• Indian Overseas Bank (96.38%)
• UCO Bank (95.39%)

Regional rural banks

Currently there are 43 Regional Rural Banks in India, as of 1 April 2020:^[31]

Andhra Pradesh

• Andhra Pragathi Grameena Bank^[32]
• Andhra Pradesh Grameena Vikas Bank^[32]
• Chaitanya Godavari Gramin Bank
• Saptagiri Gramin Bank

Arunachal Pradesh

• Arunachal Pradesh Rural Bank

Assam

• Assam Gramin Vikash Bank

Bihar

• Dakshin Bihar Gramin Bank
• Uttar Bihar Gramin Bank

Chhattisgarh

• Chhattisgarh Rajya Gramin Bank

Gujarat

• Baroda Gujarat Gramin Bank
• Saurashtra Gramin Bank

Haryana

• Sarva Haryana Gramin Bank

Himachal Pradesh

• Himachal Pradesh Gramin Bank

Jammu and Kashmir

• J&K Grameen Bank
• Ellaquai Dehati Bank

Jharkhand

• Jharkhand Rajya Gramin Bank

Karnataka

• Karnataka Gramin Bank
• Karnataka Vikas Grameena Bank

Kerala

• Kerala Gramin Bank

Madhya Pradesh

• Madhyanchal Gramin Bank
• Madhya Pradesh Gramin Bank

Maharashtra

• Maharashtra Gramin Bank
• Vidharbha Konkan Gramin Bank

Manipur

• Manipur Rural Bank

Meghalaya

• Meghalaya Rural Bank

Mizoram

• Mizoram Rural Bank

Nagaland

• Nagaland Rural Bank

Odisha

• Odisha Gramya Bank
• Utkal Grameen Bank

Puducherry

• Puduvai Bharathiar Grama Bank

Punjab

• Punjab Gramin Bank

Rajasthan

• Baroda Rajasthan Kshetriya Gramin Bank
• Rajasthan Marudhara Gramin Bank

Tamil Nadu

• Tamil Nadu Grama Bank

Telangana

• Telangana Grameena Bank

Tripura

• Tripura Gramin Bank

Uttar Pradesh

• Aryavart Bank
• Prathama UP Gramin Bank
• Baroda UP Bank^[33]

Uttarakhand

• Uttarakhand Gramin Bank

West Bengal

• Paschim Banga Gramin Bank
• Bangiya Gramin Vikash Bank
• Uttarbanga Kshetriya Gramin Bank

Nationalized insurance companies

Currently there are 7 Nationalized Insurance Companies (Government Shareholding power denoted in %, as of 1 April 2020):

• Life Insurance Corporation of India(96.50%)
• General Insurance Corporation of India (85.78%)
• New India Assurance (85.44%)
• National Insurance Company(100%)
• The Oriental Insurance Company(100%)
• United India Insurance Company(100%)
• Agriculture Insurance Company of India(100%)

Nationalized Market exchanges

Currently there are 28 Nationalized Financial Market Exchanges in India:

• National Stock Exchange of India
• National Spot Exchange
• Inter-connected Stock Exchange of India
• Metropolitan Stock Exchange
• Multi Commodity Exchange
• National Commodity and Derivatives Exchange
• Over the Counter Exchange of India
• Bombay Stock Exchange
• Calcutta Stock Exchange
• Hyderabad Securities and Enterprise Limited
• Coimbatore Stock Exchange
• Saurashtra Kutch Stock Exchange
• Mangalore Stock Exchange
• Cochin Stock Exchange
• Bangalore Stock Exchange
• Ludhiana Stock Exchange
• Gauhati Stock Exchange
• Bhubaneswar Stock Exchange
• Jaipur Stock Exchange
• Pune Stock Exchange
• Madras Stock Exchange
• Uttar Pradesh Stock Exchange
• Madhya Pradesh Stock Exchange
• Vadodara Stock Exchange
• Delhi Stock Exchange
• Ahmedabad Stock Exchange

See also

• Indian company law
• List of Public service commissions in India

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