IRCTC and IRFC get the 'Navratna' tag from Centre

In a landmark decision, the Government of India has elevated the Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to the esteemed Navratna status among Central Public Sector Enterprises (CPSEs).

This upgrade makes IRCTC and IRFC the 25th and 26th companies to receive Navratna recognition, marking a significant achievement for the Indian Railways.

The Navratna status provides these enterprises with enhanced financial autonomy, enabling them to invest up to Rs 1,000 crore without requiring prior government approval.


This move is expected to expedite their decision-making processes and boost operational efficiency.

The Indian government classifies CPSEs into three categories: Maharatna, Navratna, and Miniratna, with the aim of increasing competitiveness and efficiency within these public sector units.

Founded in 1986, IRFC is primarily responsible for mobilising funds for Indian Railways’ massive infrastructure expansion and modernization projects. Meanwhile, IRCTC, which was founded in 1999, provides ticketing, catering, and tourism services for the state-owned Indian Railways.

Mahanagar Telephone Nigam Limited (MTNL), Rail Vikas Nigam Limited (RVNL) are among the few companies which have the 'Navratna' status.