Private Companies

India's pvt corporate sector posts stronger sales growth in Q2FY26: RBI

The assessment is based on abridged financial results of 3,118 listed non-government, non-financial firms.

Legacy in a bottle: Family-run alcobev firms look beyond bloodlines

An internship at Bacardi gave him an opportunity to closely study the global alcobev giant. It helped him crystallise his mission: to not just sell liquor, but to elevate it to an experience

Gujarat stays top state for bank-backed investments; Maharashtra second

Bank and financial institution support for projects stayed high in FY25, with Gujarat, Maharashtra, and Uttar Pradesh among the top states driving nearly 60 per cent of total project costs

Consumption demand becomes broadbased; govt capex boosts investment

NSO data shows broad-based demand recovery with rural growth, higher wages, and strong public capex

Private sector firms continue to maintain high interest cover ratio

The ICR - defined as the ratio of profit before interest and taxes to interest payments - stood at 6.78 in FY25, up from 3.77 in FY20

Sales of listed non-financial private companies grow 7.1% in Jan-Mar: RBI

Sales of listed private non-financial companies registered a 7.1 per cent growth during January-March quarter of 2024-25 as compared to 8 per cent of expansion in the previous quarter and 6.9 per cent during the year, according to RBI data released on Thursday. The Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2024-25, drawn from abridged quarterly financial results of 2,936 listed non-government non-financial companies. Aggregate sales growth (y-o-y) of 1,659 listed private manufacturing companies moderated to 6.6 per cent during Q4:2024-25 from 7.7 per cent during the previous quarter. RBI said that even as major industries such as electrical machinery, chemicals, food products and pharmaceuticals industries recorded a double-digit sales growth, weak performance of petroleum industry pulled down the sector's sales growth. Annually, sales growth of IT companies improved further to 8.6 per cent in Q4 from 6.8 per cent in

Over 2.8 million companies registered in India, 65% active: Govt data

More than 28 lakh companies are registered in the country and only 65 per cent of them or little over 18.1 lakh companies are active, according to official data. Among those registered under the Companies Act, 2013, just 5,216 are foreign companies and out of those, 63 per cent or 3,281 entities were active at the end of January. Latest data from the corporate affairs ministry also showed that a total of 16,781 companies were registered with a collective paid up capital of Rs 816.14 crore last month. "A total number of 28,05,354 companies were registered in the country as on 31st January, 2025, of which 65 per cent (18,17,222) companies stand active. There is an increase of 0.14 per cent in the total proportion of active companies with respect to registered companies when compared to December 2024," the ministry said in its latest monthly information bulletin. As many as 9,49,934 companies have been shuttered. In terms of sectors, the maximum number of active companies were in ...

At $3.8 trillion, India's top 500 pvt cos value more than the country's GDP

NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.

Norway okays $1.6 bn govt takeover of extensive gas pipeline network

Norway in 2023 announced plans to nationalise most of its vast gas pipeline network, a major processing plant and other infrastructure when many existing concessions expire in 2028

Indian cos raise $6 bn from private credit in first-half 2024: EY report

Real estate, healthcare firms push private credit deals to record high

K'taka clears Bill to mandate 100% reservation for Kannadigas at pvt cos

The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday. The CM said the decision was taken in the cabinet meeting held on Monday. "The Cabinet meeting held yesterday approved a bill to make recruitment of 100 per cent Kannadigas mandatory for 'C and D' grade posts in all private industries in the state," Siddaramaiah said in a post on social media platform X. He said it was his government's wish that Kannadigas be given an opportunity to lead a comfortable life in their state and not be deprived of jobs in 'Kannada land'. "We are a pro-Kannada government. Our priority is to look after the welfare of Kannadigas," the chief minister said. According to sources in the law department, the bill will be tabled on Thursday in the assembly.

Company registrations decline in April while LLPs reach new heights

Ongoing Lok Sabha elections and high base effect from record registrations in FY24 were attributed as reasons for the April drop

India aims for 1st strategic petroleum reserve with pvt company by 2029-30

So far, India has allowed only partial commercialisation for its three existing SPRs in southern India, which have a combined capacity of 36.7 million barrels

Uttar Pradesh govt invites private players to invest in e-mobility market

The transport department is also looking to buy 100 e-buses, which will be deployed on select routes, such as Ghaziabad, Agra, and Ayodhya districts

JTL Industries' board approves Rs 1,200 crore investment proposal

JTL Industries Ltd said its board has approved an investment proposal of Rs 1,200 crore in company's arm JTL Tubes Ltd to set up a project in Maharashtra. The investment will be funded partly from the internal accruals and partly from proceeds of a proposed issue, the steel pipes maker said on Monday. The company's board of directors has approved "issue of securities by way of qualified institutions placement (QIP) for aggregate amount not exceeding Rs 500 crore in one or more tranches, including green shoe option," the filing said. The board also approved a proposal to invest up to an aggregate sum of Rs 1,200 crore in wholly-owned subsidiary JTL Tubes Limited to set up a mega project in Maharashtra, an exchange filing said. JTL Industries Ltd (formerly known as JTL Infra Ltd) is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 6 lakh metric tonnes per annum.

From unicorns to zombies, tech startups run out of time and money

Around 3,200 private venture-backed US firms have gone out of business in 2023

Bank lending to private corporate rises 14.9% in Sep 2023: RBI data

Bank lending to the private corporate sector grew 14.9 per cent in September 2023 from 14.7 per cent a year ago, according to the Reserve Bank data released Friday. Another set of banking data released by the central bank showed the share of term deposits bearing a 6 to 8 per cent interest rate rose to 78.6 per cent in September 2023 against 12.5 per cent in March 2022. According to data on outstanding credit of banks at September-end 2023, loans to industry accounted for nearly one-fourth of total bank credit; they increased by 8.6 per cent (year-on-year) in September 2023 (against 12.3 per cent a year ago); working capital loans growth has remained in double digits for the last six quarters. "Bank lending to the private corporate sector recorded robust growth and accelerated to 14.9 per cent (year-on-year) in September 2023 from 11.5 per cent a quarter ago and 14.7 per cent a year ago," the RBI said. The share of personal loans in bank credit has successively increased to over 30

Govt asks private companies to dematerialise securities by Sept 2024

The government has asked private companies to dematerialise their securities by September 2024, a move that will help enhance transparency and will have a broad impact. The requirement will be applicable to private companies, excluding small companies and government companies. There are about 1.4 million private companies registered under the companies law with the Ministry of Corporate Affairs (MCA). Private companies can issue securities only in dematerialised form and should facilitate the dematerialisation of all securities by September 2024, according to an MCA notification. Dematerialisation refers to the conversion of securities held in physical form to dematerialised or digitised form. In this regard, amendments have been made to the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. "A private company, which as on the last day of a financial year, ending on or after 31st March 2023, is not a small company as per audited financial statements

'Pvt sector can provide advisory services, tech to support agri sector'

NITI Aayog member Ramesh Chand on Thursday emphasised on the importance of partnership between the private and public sectors for long-term agricultural growth. Addressing an event organised by industry body Assocham, Chand further stressed on the need for coming up with new ways to boost agricultural output and recognising the wide range of agricultural practices across the country. "Private sector can play a critical role in precision farming In India. It can provide advisory services, agrochemicals, and suitable technology to support agricultural development," he said. He also highlighted the growth seen in India's agricultural industry, notably in livestock and fisheries, with an annual increase of roughly 2.75 per cent. The NITI Aayog member elaborated on the complex interaction between agriculture and climate change. "The real challenge lies in increasing productivity. To do so, we must address concerns of cost, technological progress, and resource efficiency," he said. Cha

Jai Balaji Industries profit jumps to Rs 201 crore in Sept quarter

Jai Balaji Industries Ltd, on Monday reported a steep jump in profit to Rs 201 crore for the September quarter. It had reported a profit of Rs 21 crore in the year-ago period. The company attributed the increase to improved sales and a substantial increase in realisations. The revenue from operations for the second quarter of the current fiscal stood at Rs 1,546 crore, indicating a growth of nearly 13 per cent compared to Rs 1,369 crore during the same period last year, the company said in a statement. Jai Balaji Chairman and Managing Director Aditya Jajodia attributed the increase in profits to better operational efficiency and increased sales, highlighting the company's continued commitment to deliver value to its stakeholders and investors. The equity capital of Jai Balaji Industries increased to Rs 160.45 crore during the quarter, the company said.