Active companies in India close to 15,00,000, registrations fall in Sept

There was an overall decrease of 6.42 per cent in the number of new registrations in September 2022 compared to previous month, coinciding with the launch of version 3 of the new MCA portal. Several industry experts said that the decline could be because of system glitches in the portal. While the government has maintained that the portal has been functioning, company secretaries in various cities were seeking exemption from late fees for delayed filing due to errors on the new portal. 

Activity distribution of the active companies shows that business services has been the bright spot throughout the year and has the highest number of active companies at 30 per cent followed by manufacturing 21 per cent. The Finance sector showed a small rise of 0.9 per cent in the number of active companies. The agriculture sector saw the maximum increase in September 2022 compared to the previous month.

As far as new registrations go, while there was an overall decline, the textile and wood industry showed a rise in the number of registrations in contrast to August 2022. There was a significant rise of 300 per cent in the registration of One Person Companies in the electricity, gas and water supply sector in September 2022 over previous month. Among states Leh

& Ladakh witnessed the maximum rise of 5.6% in the number of active companies.

The big picture

24,10,085 Registered Companies

14,96,450 Active Companies

8,52,422 Closed Companies

2,450 Dormant Companies

7,070 Companies under Liquidation

51,693 Companies under the process of Striking off

Economic Activity-wise Distribution of Active Companies

31% Business services 

21% Manufacturing

13% Trading 

9% Community, Personal and Social Services 

Top states for active companies

Maharashtra 19%

Delhi 15%

West Bengal 9%

Source: Ministry of Corporate Affairs