**Executive Summary**
This document reports that Raksha Mantri Shri Rajnath Singh has approved the grant of ‘Miniratna' Category-I status to Yantra India Limited (YIL), effective as of February 2, 2026. The approval recognizes YIL's significant growth and performance improvements. The new status empowers YIL with greater financial autonomy for capital expenditures.
**Key Points / Main Content**
* **Approval of Miniratna Status:**
* Raksha Mantri has approved ‘Miniratna' Category-I status for Yantra India Limited (YIL).
* **YIL Performance and Growth:**
* YIL has shown significant growth in sales, from Rs 956.32 crore in FY 2021-22 (H2) to Rs 3,108.79 crore in FY 2024-25.
* Export revenue has increased from NIL in FY 2021-22 (H2) to Rs 321.77 crore in FY 2024-25.
* YIL's products include composites, ammunition components, and assemblies for various military equipment.
* **Financial Empowerment:**
* The 'Miniratna' status allows YIL to incur capital expenditure up to Rs 500 crore without Government approval.
* This is expected to accelerate YIL's growth in defense production and exports.
* **Background and Context:**
* The Government corporatized the Ordnance Factory Board (OFB) into seven DPSUs on October 1, 2021.
* YIL is one of the seven newly formed Schedule ‘A' DPSUs under the Department of Defence Production.
* In May 2025, Miniratna-I Status was granted to three other DPSUs.
* **Government Objective:**
* The decision supports the vision of Aatmanirbhar Bharat (self-reliant India).
* Aims to build indigenous capabilities in defense manufacturing and reduce import dependence.
**Impact Analysis**
**Yantra India Limited (YIL)**
* **Impact:** Increased autonomy in financial decisions, specifically regarding capital expenditure.
* **Action Required:** Leverage the Miniratna status to pursue growth opportunities, modernization, and increased defense production and exports.
**Department of Defence Production**
* **Impact:** Enhanced performance and contribution to the overall Aatmanirbhar Bharat initiative.
* **Action Required:** Monitor and support YIL in achieving its growth targets and contributing to the defense manufacturing sector.
Key Entities Referenced
Miniratna Category-I status: Status granted to Yantra India Limited, empowering its board to incur capital expenditure on new projects, modernisation, etc. up to Rs 500 crore without Government approval.
Yantra India Limited (YIL): Defence Public Sector Undertaking (DPSU) that was granted 'Miniratna' Category-I status.
Department of Defence Production: Administrative control under which YIL functions.
Ministry of Defence: Ministry under whose authority the 'Miniratna' Category-I status was granted.
Aatmanirbhar Bharat: Government's vision underscored by the decision, with focus on building indigenous capabilities in defence manufacturing.
Ministry of Defence
Raksha Mantri approves grant of ‘Miniratna’
Category-I status to Yantra India Limited
Posted On: 02 FEB 2026 4:37PM by PIB Delhi
Raksha Mantri Shri Rajnath Singh has approved the grant of ‘Miniratna’ Category-I status to Yantra India
Limited (YIL). Congratulating the Defence Public Sector Undertaking (DPSU) for its transformation from
a Government organisation to a profit-making corporate entity in a short span of about four years, Raksha
Mantri expressed satisfaction over the initiatives taken by the management of the YIL to increase the
turnover of the company, maximise indigenisation and meet other performance parameters for grant of
Miniratna (Category-I) status.
The YIL has achieved significant milestones after inception, including stellar growth in sales from Rs
956.32 crore in 2021-22 (H2) to Rs 3,108.79 crore in FY 2024-25. On the export front, it has achieved a
growth from NIL in FY 2021-22 (H2) to Rs 321.77 crore in FY 2024-25. The major products of YIL
include Carbon Fibre Composites, assembly products for Medium and Large Calibre Ammunition,
assembly products for Armoured Vehicles, assembly products for Artillery Guns and Main Battle Tanks
(MBTs), Glass Composites, Aluminum Alloys etc.
The Miniratna (Category-I) Status empowers the Board of the YIL to incur capital expenditure on new
projects, modernisation, purchase of equipment, etc. up to Rs 500 crore without the Government approval.
This will further empower the company to achieve accelerated growth trajectory and new heights in
defence production and exports.
The Government had corporatised the erstwhile Ordnance Factory Board (OFB) into seven new DPSUs
on October 01, 2021, with a view to enhance functional autonomy, efficiency and promote innovation &
growth in the defence manufacturing sector. The YIL is one of the newly formed Schedule ‘A’ DPSUs
functioning under the administrative control of the Department of Defence Production. In May 2025,
Raksha Mantri had approved grant of Miniratna-I Status to three of the seven DPSUs - Munitions India
Limited, Armoured Vehicles Nigam Limited and India Optel Limited.
The decision underscores the Government’s continued commitment to the vision of Aatmanirbhar Bharat,
with a strong focus on building indigenous capabilities in defence manufacturing, research, and strategic
technologies. It is in line with the broader defence reforms, which aim to reduce import dependence,
promote domestic defence production, encourage participation of Indian industry, and position India as a
global defence manufacturing hub.
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