Hotline: 1800 102 2007
X
Search Business Opportunities
2013-08-05

One third of around 13.29 lakh registered Indian entities inactive

The country might have more than 13 lakh registered companies but over one-third of them are either inactive or closed. With increasing business activities, the count of new companies is on the rise with as many as 1.5 lakh firms getting registered in one-and-a-half years, according to data available with the corporate affairs ministry.

The country might have more than 13 lakh registered companies but over one-third of them are either inactive or closed. With increasing business activities, the count of new companies is on the rise with as many as 1.5 lakh firms getting registered in one-and-a-half years, according to data available with the corporate affairs ministry.

 

However, many of the registered companies have either been shut down, dormant or in the process of getting liquidated. Official data show that there were about 13.29 lakh companies registered at the end of June this year. Out of them, there are only around “8.84 lakh active companies”, indicating that one-third of the total entities are inactive.

 

Around 1.5 lakh new companies were incorporated in the preceding eighteen months of June 2013.

 

Till June this year, as many as 2.6 lakh companies were closed down for various reasons including voluntary winding up and on court orders.

 

According to the ministry, there were about 30,386 companies in the process of being liquidated. Besides, 1.44 lakh firms have been classified as dormant, since they have not filed their annual returns/balance sheets for more than three consecutive years.

 

In June alone, as many as 8,064 companies were registered under the Companies Act, 1956. Out of them, more than 7,700 entities were from the private sector.

 

Related opportunities
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You Must GRAB!!..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Euro India Fresh Foods Ltd is a ISO 22000:2005..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts