Top 10 Public Sector (PSU) Companies in India 2017

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2. Oil and Natural Gas Corporation(ONGC)

The company was incorporated in 1956 after the government of India recognised the importance of oil and natural gas exploration.


Image: company website

It was created to ensure energy security and also to cut down on importing oil which was causing a lot of strain on government coffers’. The oil and Natural gas Directorate was set up and soon the company found resources in some parts of Assam and Cambay before expanding to all parts of the country.

After the liberalization of the economy in 1991, the government divested and de-regulated the sector thereby ONGC became a limited company under the company’s act. The corporation has discovered majority of producing basins and has 1184 wells offshore and 4735 oil wells onshore. They also account for approximately 70% of crude oil and natural gas production in the country. In short, they produce around 1.2 million barrels of oil equivalent per day.

Their vision is to be an integrated global leader in energy business by leveraging best of talents, knowledge excellence and corporate governance. The company is awarded Navaratna status by Government of India in 1996 and they have about 35,000 employees on roll. They hold to highest standards of quality, ethics and values and at the same time aim to establish competitive advantage by their R&D. Mr D K Sarraf is the Chairman and Managing Director of ONGC. The ONGC Videsh is the wholly owned subsidiary of the company and they hold stake in some of the vital oil basins in the world. They also supply to other Indian giants in the industry like HPCL, BPCL, IOCL to name a few.

ONGC is ranked as Second best PSU in India with market capitalisation of Rs. 1,59,388 Crores and Net income and net profits of Rs. 72,429 crores and Rs. 18,153 crores respectively.

Market Capitalisation (INR Crores): 159388.78

Net Income (INR Crores): 72429.95

Net Profit (INR Crores): 18153




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