Public sector enterprises (PSEs) have been the back bone of Indian economy since independence. Since independence PSEs involved in manufacturing of essential products, raw materials and offering numerous other services for the people of the society at reasonable cost. The main objective of this study is to investigate the status of Maharatna CPSEs in terms of their health, more specifically enquiring the financial distress / health. For measurement of sound health, sophisticated bankruptcy prediction model like Springate (1978) and CA- Score (1978) were used. Keywords: Financial Distress, Maharatna, Reasonable, Bankruptcy.
Pooja Sharma (Wed,) studied this question.