Following are the criteria for classifying an enterprise as Level -I enterprise:
(i) Enterprises, whose equity or debt securities are listed or is in the process of being listed in India.
(ii) Banks (including co-operative banks), Insurance companies and Financial Institutions.
(iii) All commercial, industrial and other business reporting enterprises whose turnover during the previous year is in excess of Rs.50 crores. Here turnover does not include ‘other income’.
(iv) All commercial, industrial and other business reporting enterprises whose total borrowings including public deposits during the accounting year exceeds Rs.10 crores.
(v) Holding and subsidiary companies of any of the above enterprises at any time during the accounting year.