Public Sector Undertaking Companies in India

n India, Public Sector Undertaking (PSU) is a term used for government owned corporations in which either the State Government or the Union Government or both own a majority (51% or more) of the equity shares.

Air India

There are currently 277 Central PSUs in India. The first public sector undertaking was theRailways. Following independence, the sovereign government took up the setting of a strong national economic infrastructure. The iron and steel industries, power generation, mining and oil refining activities were developed at this stage.

A lot of PSUs in India under the aegis of the Government of India regularly provide for employment opportunities in various areas. Job seekers can apply to these undertakings, according to their required job profile and area of interest. The mostly sought for PSUs are given below, with headquarters of each of them:

1. Air India Ltd. Mumbai, Maharashtra
2. Airport Authority of India New Delhi
3. Allahabad Bank Kolkata, West Bengal
4. Balmer Lawrie and Co. Ltd. Kolkata, West Bengal
5. Bank of Baroda Mumbai, Maharashtra
6. Bharat Heavy Electricals Ltd. New Delhi
7. Bharat Petroleum Corporation Ltd. Mumbai, Maharashtra
8. Canara Bank Bangalore, Karnataka
9. Cement Co. Of India Ltd. New Delhi
10. Central Inland Water Transport Co. Ltd. Kolkata, West Bengal
11. Coal India Ltd. Kolkata, West Bengal
12. Delhi Metro Rail Co. Ltd. New Delhi
13. Delhi Transport Co. New Delhi
14. Food Co. Ltd. New Delhi
15. GAIL Ltd. New Delhi
16. General Insurance Co. Ltd. Mumbai, Maharashtra
17. Hindustan Aeronautics Ltd. Bangalore, Karnataka
18. Hindustan Petroleum Co. Ltd. Bangalore, Karnataka
19. Hotel Corporation of India Ltd. Mumbai, Maharashtra
20. Indian Airlines Ltd. New Delhi
21. Indian Oil Corporation Ltd. New Delhi
22. Indian Overseas Bank Chennai, Tamil Nadu
23. Indian Tourism Development Corporation Ltd. New Delhi
24. IRCTC Ltd. New Delhi
25. LIC of India Mumbai, Maharashtra
26. Mahanagar Telephone Nigam Ltd. New Delhi
27. National Highways Authority of India New Delhi
28. NTPC Ltd. New Delhi
29. Oil and Natural Gas Corporation New Delhi
30. The Oriental Insurance Company Ltd. New Delhi
31. The State Trading Corporation of India Ltd. New Delhi
32. Steel Authority of India Ltd. New Delhi
33. State Bank of India Mumbai, Maharashtra
34. Unit Trust of India Mumbai, Maharashtra
35. Union Bank of India Mumbai, Maharashtra

The Central PSUs employ a large workforce in different disciplines and the successful operation of these enterprises very much depends on the skills and capabilities of the workforce. Of around 16 lakhs manpower (as on 31.03.2007) deployed in the CPSUs, about 3.65 lakh are in the supervisory and managerial cadres which represent 22.12% of total manpower. In 2005-06, the aggregate amount paid towards salaries and wages and other benefits including bonus was to the tune of Rs. 45,625 crores.

Overall, PSUs in India offer a stable and secure employment front, which is definitely welcomed by many in the current recession scenario.