According to official data last fiscal, more than 185,000 companies were registered in the country which is higher than the last few years, and this year March around 16,600 companies were set up. As per the data, 159,524 companies were registered with a collective paid-up capital of Rs 18,132.16 crore in 2022-23. At the end of March 2024, the country had a total number of 2,663,016 companies and out of them, 1,691,495 companies, or 64 percent were active. Since 931,644 registered companies were closed, 2,470 were dormant entities and 10,385 companies were under liquidation.
A total of 27,022 companies were in the process of being struck off from official records. During FY 2023-24, a total of 185,312 companies were registered with a collective paid-up capital of Rs 30,927.40 crore, according to the corporate affairs ministry’s information bulletin for March. Out of them, 71 percent were in the services sector, followed by 23 percent in the industrial segment and 6 percent in agriculture. The broader economic activity-wise classification exposes that community, personal, and social services saw the highest rise of 11 percent in the service sector as compared with FY 2022-23.
The ministry is implementing the Companies Act, of 2013. In terms of states, 17.6 percent of the new companies were set up in Maharashtra in 2023-24. There is an increase of 0.10 percent in the total proportion of active companies w.r.t registered companies when compared to February 2024.
As of March 31, 2024, there were a total of 5,164 foreign companies registered in the country, and out of them, 3,288 companies, or 64 percent were active. In March, 42,041 Director Identification Numbers were registered. In March 2024, Out of the total amount of directors registered in India, 67 percent were men and the remaining 33 percent were women. 43 percent of newly registered directors belonged to the age group between 31-45 years. Additionally, 7 percent of the new director registrations were older than 60 years.
