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Government Grants Miniratna Category-I Status to Yantra India Limited

Newsmantra — Tue, 03 Feb 2026 06:54:27 +0000

NEW DELHI. The Defence Minister Shri Rajnath Singh has approved the grant of Miniratna Category-I status to Yantra India Limited (YIL), marking a major milestone in the company’s transformation into a profit-making defence public sector undertaking. Congratulating YIL, the Defence Minister expressed satisfaction over its rapid progress since corporatisation, highlighting improvements in turnover, indigenisation efforts and achievement of key performance benchmarks required for Miniratna status, which the company has attained within four years of its formation.

Yantra India Limited has recorded strong financial and operational growth, with sales increasing from ₹956.32 crore in the second half of FY 2021–22 to ₹3,108.79 crore in FY 2024–25. Its export performance has also shown a sharp rise, growing from zero exports in FY 2021–22 (H2) to ₹321.77 crore in FY 2024–25. The company’s diversified product portfolio includes carbon fibre composites, assemblies for medium and large calibre ammunition, armoured vehicles, artillery guns, main battle tanks, glass composites and aluminium alloys, strengthening India’s indigenous defence manufacturing capabilities.

With the Miniratna Category-I status, YIL’s Board has been empowered to approve capital expenditure of up to ₹500 crore for new projects, modernisation and procurement of equipment without prior government approval, enabling faster decision-making and accelerated growth. Yantra India Limited was formed on October 1, 2021, following the corporatisation of the erstwhile Ordnance Factory Board into seven new defence public sector undertakings to enhance efficiency, autonomy and innovation. YIL is a Schedule ‘A’ DPSU under the Department of Defence Production, and this decision further reinforces the Government’s vision of Aatmanirbhar Bharat by reducing import dependence and positioning India as a global hub for defence production.

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PESB recommends Shri Vineet Sharma as Director (Human Resources) at Yantra India Limited

Newsmantra — Wed, 05 Mar 2025 11:44:18 +0000

PESB recommended the name for the post of Director (Human Resources), Yantra India Limited. Shri Vineet Sharma, Executive Director, Indian Ordnance Factories Service, has been selected from a total of nine applicants. The selection is subject to the necessary approval from high authorities.Yantra India Limited is a major public sector defense company based in Nagpur, India. It was established in 2021 as part of the government’s restructuring and corporatization of the Ordnance Factory Board into seven different Public Sector Undertakings.

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PESB picks Shri Rajeev Kalra for Director (Finance), Yantra India Limited

Newsmantra — Wed, 15 Jan 2025 13:08:07 +0000

The PESB has recommended the name of Shri Rajeev Kalra for the post of Director (Finance), Yantra India Limited. Presently he is serving as General Manager (Finance), Corporate Research & Development, Hyderabad, Bharat Heavy Electricals Limited.

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