5 Largest PSUs In India And Their Chairman Salary
- ONGC and Coal India are largest PSUs that generates more than $8 billion in profits every year for the Government Of India
- NTPC, PGCIL and IOCL too are India’s leading and most profitable PSUs
PSUs (Public Sector Undertakings) are wholly or partially owned by the Government Of India. In most PSUs Government Of India is a majority stake holder. In 1951 there were just 5 PSUs in India which increased to more than 350 in 2021. Some of the largest PSUs in India brings huge profits and revenue to the Government. Sheer size and scale is what PSUs are famous for. Here is the list of 5 largest PSUs in India which operates on massive scale:
Read More – 5 Largest Power Companies In India
Coal India
Which is the largest producer of coal in the world? It is Coal India that produces more than 500 million tonnes of coal every year. This PSU is headquartered in Kolkata and Government Of India owns 70.96% stakes in it. Known for its huge scale the Coal India employs more than 2.5 lakh people and this makes it one of the largest employers in India. In 8 different states Coal India operates more than 400 coal mines that contributes around 82% to the India’s total coal production capacity.
| Assets | ₹180,243 crore ($23 billion) |
| Revenue | ₹113,618 crore ($14 billion) |
| Net Income | ₹17,387 crore ($2.2 billion) |
| Employees | 248,550 |
| MD & Chairman | Pramod Agarwal |
Salary Of Coal India MD & Chairman – PM Prasad
PM Prasad is a Osmania University, Hyderabad graduate in Mining Engineering. He did his post-graduation in Opencast Mining from IIT Dhanbad. In 1997 Prasad obtained degree in Law from Nagpur university. On 1st July 2023, he took over as the chairman of Coal India. Before Coal India Prasad has also worked in NTPC. His salary is around ₹6 lakh per month with perks and allowances given by the Government Of India.
ONGC
ONGC stands for Oil And Natural Gas Corporation. It is the largest crude oil producer in India which accounts for 70% of India’s crude oil production. Government Of India owns 60.41% stakes in ONGC. Around 84% of India’s natural gas is produced by this company only. ONGC operates over 11,000 km of pipeline in the country and it has 15 projects in other countries through its subsidiary ONGC Videsh. A giant oilfield Bombay High or Mumbai High was discovered by ONGC in 1970. It is one of the most profitable PSUs in India.
| Assets | ₹585,449 crore ($73 billion) |
| Revenue | ₹539,199 crore ($68 billion) |
| Net Income | ₹47,830 crore ($6.0 billion) |
| Employees | 28,479 |
| Chairman & MD | Rajesh Kumar Srivastava |
Salary Of ONGC Chairman & MD – Rajesh Kumar Srivastava
On 1 September 2022, Rajesh Kumar Srivastava was appointed as a chairman and MD of ONGC. He succeeded Alka Mittal who was the first ever woman to head India’s leading PSU as a chairman & managing director. She was also the first woman in ONGC history to be appointed as full-time director. As a chairman & MD the annual pay of Rajesh Kumar Srivastava is ₹1.2 Crore with perks and allowances given by the Government of India.
IOCL
One of the leading and most profitable PSUs in India is IOCL (Indian Oil Corporation Limited). IOCL is the largest government owned oil corporation. In the year 2020-21, IOCL reported a huge net profit of $6.1 billion which was highest for any PSUs in the country. Government of India owns 51.5% stakes in IOCL.
To put how big IOCL is one should know that it accounts for nearly half of India’s petroleum market and 35% of India’s national refining capacity. Out of 23 refineries in India, 11 of them are owned by IOCL that refines 80.7 million tonnes of crude oil every year. Bharat Petroleum and Hindustan Petroleum are other PSUs that rivals IOCL. Reliance Petroleum, Essar Oil and Shell are private rivals of IOCL.
| Assets | ₹410,624 crore ($51 billion) |
| Revenue | ₹736,730 crore ($92 billion) |
| Net Income | ₹24,491 crore ($3.1 billion) |
| Employees | 33,498 |
| Chairman & MD | Shrikant Madhav Vaidya |
Salary Of IOCL Chairman & MD – Shrikant Madhav Vaidya
Shrikant Madhav Vaidya is a MD & chairman of IOCL. In December 2019 he was appointed as a IOCL chairman & MD. He is a chemical engineer with his degree from NIT Rourkela. Shrikant Madhav Vaidya has worked in IOCL for more than 35 years. IOCL pays him ₹90 lakh annually as a salary apart from perks and allowances provided by the Government Of India.
PGCIL
PGCIL stands for Power Grid Corporation Of India Ltd. This PSU is mainly engaged in power distribution through its vast transmission lines network. PGCIL alone transmits around 50% of the total, power generated in India. Government of India owns 51.34% stakes in PGCIL. This company manages power transmission assets of NTPC which is one of the largest PSUs in India.
| Assets | ₹255,549 crore ($32 billion) |
| Revenue | ₹42,697 crore ($5.3 billion) |
| Net Income | ₹17,093 crore ($2.1 billion) |
| Employees | 9,255 |
| Chairman & MD | Kandikuppa Sreekant |
Salary Of PGCIL Chairman & MD – Kandikuppa Sreekant
On 7 August 2019, PGCIL appointment Kandikuppa Sreekant as it chairman & MD. He has more than 30 years of experience in power sector. The annual pay of Kandikuppa Sreekant is around ₹65 lakh with perks and allowances provided by the Government of India on offer.
NTPC
Formerly known as National Thermal Power Corporation, the NTPC is one of the India’s largest PSUs engaged in electricity generation. It is the largest power company in India that produces around 68,000 MW of power. NTPC has 24 coal plants in India that operates at nearly 100% capacity and contributes to over 25% of India’s total power generation capacity. Government of India owns 51.5% stakes in NTPC. Among the world’s largest power producers, NTPC ranked second due to its sheer scale.
| Assets | ₹398,966 crore ($50 billion) |
| Revenue | ₹132,669 crore ($17 billion) |
| Net Income | ₹15,940 crore ($2.0 billion) |
| Employees | 19,918 |
| Chairman & MD | Gurdeep Singh |
Salary Of NTPC Chairman & MD – Gurdeep Singh
On 29 January 2016, NTPC appointed Gurdeep Singh as its chairman & MD. Gurdeep Singh is a mechanical engineer as started his career in NTPC as a trainee in 1987. He has 27 years of experience in power sector. Before joining NTPC, Gurdeep Singh was the head of Gujarat State Electricity Corporation. Due to his impeccable performance, the Appointments Committee of Cabinet extended his tenure to July 2025. The annual pay of Gurdeep Singh is ₹1.3 crore with other perks and allowances provided by Government of India.
Salary Of India’s 5 Largest PSUs Chairman:
| PSU | Chairman & MD | Salary |
| Coal India | Pramod Agarwal | ₹72 lakh |
| ONGC | Alka Mittal | ₹1.2 crore |
| IOCL | Shrikant Madhav Vaidya | ₹90 lakh |
| PGCIL | Kandikuppa Sreekant | ₹65 lakh |
| NTPC | Gurdeep Singh | ₹1.3 crore |
So These Were 5 Largest PSUs In India And Their CEO Salary.
