More than 36% of registered companies have 'closed' down in India

Maharashtra, Delhi lead the pack of states in terms of absolute number, with 142,425 and 125,937 closed firms, respectively

More than 36 per cent (680,000) of registered companies in India have “closed” down as per the latest numbers provided by the ministry of corporate affairs (MCA) in Parliament. There are around 1.9 million companies registered with the government, the data shows. 

While the percentage has moved up only marginally since 2017-18, it is a big jump from the 20 per cent share that closed companies occupied in earlier periods.

The reason for the jump is the inclusion of companies not filing financial statements or annual returns for two years into the category of “closed” companies. The government identified such companies and