New companies' registration drops 21.4% to 1,842 in July

The current industrial slowdown has taken a heavy toll on India Inc with the number of companies registered with the government falling by 21.4 per cent to 1,842 during July from 2,346 in the year-ago month.

The current industrial slowdown has taken a heavy toll on India Inc with the number of companies registered with the government falling by 21.4 per cent to 1,842 during July from 2,346 in the year-ago month.
According to official figures released on Wednesday, the number of companies registered during July was also less than 1,852 during June this year.

Of the 1842 companies registered during the month, 1,833 companies were limited by shares while nine companies were guarantee companies.

The total authorised capital of the 1,842 companies amounted to Rs 479.22 crore, the figures showed.

An estimated 5,79,608 companies were operating till July.

Financing, insurance, real estate and business services companies dominated the list with 501 registrations while 420 registrations were for wholesale and retail trade, restaurants and hotels.

A total of 147 construction companies and 116 community, social and personal services companies were registered during July this year.

The highest number of limited companies were from Maharashtra (420), followed by Delhi (383), Tamil Nadu (205), West Bengal (143), Karnataka (138), Andhra Pradesh (124) and Gujarat (106).

The seven states together accounted for nearly 83 per cent of the total number of registered companies.

Bureau Report

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