Defence Minister Rajnath Singh has sanctioned the ‘Miniratna’ Category-I status for Yantra India Limited (YIL), recognizing its transition from a government entity to a profitable corporate organization within four years. The YIL management’s efforts to boost company turnover, enhance indigenization, and meet performance criteria led to this achievement. Notably, YIL’s sales surged from Rs 956.32 crore in 2021-22 (H2) to Rs 3,108.79 crore in FY 2024-25, with exports growing from zero to Rs 321.77 crore during the same period.
The product portfolio of YIL includes Carbon Fibre Composites, assembly products for various ammunition types, armoured vehicles, artillery guns, and Main Battle Tanks (MBTs), as well as Glass Composites and Aluminum Alloys. With the Miniratna (Category-I) status, YIL’s Board gains authority to invest up to Rs 500 crore in new projects, modernization, and equipment procurement without government consent. This move is expected to propel the company towards accelerated growth in defense production and exports.
Following the corporatization of the Ordnance Factory Board (OFB) into seven new Defence Public Sector Undertakings (DPSUs) in October 2021, YIL operates as a Schedule ‘A’ DPSU under the Department of Defence Production. In a separate development, three other DPSUs, including Munitions India Limited, Armoured Vehicles Nigam Limited, and India Optel Limited, were also granted Miniratna-I Status by Rajnath Singh in May 2025. These decisions align with the government’s commitment to ‘Aatmanirbhar Bharat’ by fostering indigenous capabilities in defense manufacturing and technology.
