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Jeet Sarkar
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Norton • 1y
During FY 2023-24, a total of 1,85,312 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. Nearly 16,600 companies were established in March alone. In FY 2022-23, 1,59,524 companies were registered with a collective paid-up capital of Rs 18,132.16 crore. As of March 2024, the country had a total of 26,63,016 companies, out of which 16,91,495 companies, or 64%, were active. A total of 9,31,644 registered companies were closed, 2,470 were dormant entities, and 10,385 companies were under liquidation. Additionally, 27,022 companies were in the process of being struck off from official records. As of March 31, 2024, 5,164 foreign companies were registered in the country, 3,288 of which, or 64%, were active. STILL UNEMPLOYMENT RATE IN INDIA IS ALL TIME HIGH WHY ❓
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