An Analysis of Hindustan Aeronautics Limited (HAL) Becoming the 14th Maharatna Company in India

Puja  Kumari; Rahul  Singh; Shikha  Singh; Ashish  Gupta; Smita  Mishra; Jiya  Wadhwa

doi:10.69968/ijisem.2025v4i1285-295

Authors

Puja Kumari Student, MBA, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304
Rahul Singh Student, MBA, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304
Shikha Singh Student, MBA, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304
Ashish Gupta Assistant Professor, School of Business Management, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304
Smita Mishra Dean, School of Business Management, Deputy Dean Academics, Noida Campus, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304
Jiya Wadhwa Assistant Professor, School of Business Management, Maharishi University of Information Technology, Sec 110, Noida, Uttar Pradesh 201304

DOI:

https://doi.org/10.69968/ijisem.2025v4i1285-295

Keywords:

Hindustan Aeronautics Limited (HAL), Maharatna Status, Public Sector Undertakings (PSUs), Financial Performance, Defense Sector

Abstract

Hindustan Aeronautics Limited (HAL), a pivotal entity in India's defence and aerospace industry, attained Maharatna status on October 14, 2024, becoming the 14th Central Public Sector Enterprise (CPSE) to acquire this distinction. This elevation provides HAL with increased financial autonomy, allowing it to undertake strategic investments of up to ₹5,000 crore without prior government consent. This research paper offers an extensive examination of the elements leading to HAL's Maharatna designation, emphasising its financial performance, research and development (R&D) expenditures, strategic initiatives, and operational efficiency from 2014 to 2024. The study utilises a mixed-methods methodology to analyse financial data, government papers, and academic literature in order to evaluate HAL's trajectory. The results demonstrate that substantial revenue growth, heightened R&D expenditure, and strategic global partnerships were crucial in attaining Maharatna status. The document examines prospective ramifications, encompassing HAL's contribution to promoting defence self-sufficiency, augmenting global competitiveness, and fortifying corporate governance.

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