Yantra India Limited has been granted Miniratna Category-I status following approval by the Ministry of Defence, a move that expands the company’s financial and operational autonomy and allows it to undertake larger capital expenditure without prior government clearance. The decision strengthens the firm’s ability to invest in new projects, modernisation, and capacity expansion within India’s defence manufacturing ecosystem.
The approval recognises Yantra India Limited’s performance since its incorporation, including growth in turnover, progress in indigenisation, and compliance with eligibility parameters prescribed for Miniratna Category-I status. Under this classification, the company’s board is authorised to incur capital expenditure of up to INR 5 billion on projects such as new facilities, equipment purchases, and technology upgrades without seeking government approval.
Yantra India Limited reported an increase in sales from INR 9.56 billion in the second half of financial year 2021–22 to INR 31.09 billion in financial year 2024–25. Export revenue rose from zero in the second half of financial year 2021–22 to INR 3.22 billion in financial year 2024–25. The company’s product portfolio includes carbon fibre composites, glass composites, aluminium alloys, and assembly products for medium- and large-calibre ammunition, armoured vehicles, artillery guns, and main battle tanks.
The expanded financial powers associated with Miniratna Category-I status are expected to support Yantra India Limited’s investment plans in defence production and exports. The classification is intended to provide greater flexibility in decision-making, reduce approval timelines, and support faster execution of capital-intensive projects.
Yantra India Limited was formed following the corporatisation of the Ordnance Factory Board, which was restructured into seven defence public sector undertakings on 01 October 2021. The restructuring was undertaken to improve functional autonomy, operational efficiency, and innovation across defence manufacturing entities under the Department of Defence Production. Yantra India Limited operates as a Schedule ‘A’ defence public sector undertaking under the department’s administrative control.
In May 2025, the Ministry of Defence had approved Miniratna Category-I status for three other defence public sector undertakings created from the Ordnance Factory Board restructuring: Munitions India Limited, Armoured Vehicles Nigam Limited, and India Optel Limited. With the inclusion of Yantra India Limited, four of the seven newly formed entities now hold Miniratna Category-I classification.
Yantra India Limited is engaged in the manufacture and assembly of defence platforms, subsystems, and advanced materials for the Indian armed forces and export markets, with a focus on ammunition, armoured systems, and composite materials.