Audits Comptroller & Auditor General
79 CPSEs with ₹49,508 crore negative net worth, CAG finds
This audit examined the financial performance, corporate governance, disinvestment, and CSR activities of 655 Central Public Sector Enterprises (CPSEs) for the year ended March 31, 2023.
₹49,508 croreCAG reported that 79 CPSEs had negative net worth totaling ₹49,508 crore due to accumulated losses.
Who it concerns: Central Government Public Sector Enterprises (CPSEs), including Government companies, Government controlled other companies, and Statutory Corporations.
What the auditor found
- CAG reported that 181 Government companies incurred losses totaling ₹45,250 crore during 2022-23.
- CAG noted that 210 Government companies had accumulated losses of ₹2,21,421 crore as on March 31, 2023.
- CAG found that the net worth of 79 companies was completely eroded by accumulated losses, resulting in an aggregate negative net worth of ₹49,508 crore.
- CAG reported that 26 CPSEs had total assets valued below their outstanding long-term loans.
- CAG stated that the Central Government's equity holding in CPSEs increased by ₹2,88,100 crore and long-term loans increased by ₹50,849 crore during 2022-23.
Also in the document
- CAG reported that 79 CPSEs had negative net worth totaling ₹49,508 crore due to accumulated losses.
- CAG noted that 26 CPSEs had total assets lower than their outstanding long-term loans.
- CAG reported that 61 CPSEs were excluded from the report because their accounts were in arrears for three years or more, or they were under liquidation.
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The original document
Comptroller & Auditor General of India (CAG) — audit reports
Audit report · Ref. Report No. 23 of 2025 · 2025
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