Millennium Post

604 Indian cos have Rs 26 trillion authorised capital... remaining 10 lakh have Rs 18 trillion

India might have 10 lakh active companies but 600-odd firms alone account for more than half of the total authorised capital of Rs 44.31 lakh crore, according to official data.

The total authorised capital of 10.17 lakh active companies touched Rs 44.31 lakh crore at the end of February this year. Generally, firms that are regular in making their statutory filings with the Corporate Affairs Ministry are considered as active.

Latest data from the Ministry shows that out of the total active companies, just 604 entities have an authorised capital of over Rs 1,000 crore each. These 600-odd companies together have an authorised capital of Rs 26.3 lakh crore, accounting for nearly 60 per cent of the total authorised capital of all active entities. Out of the total active companies, more than 3.46 lakh entities have an authorised capital of up to Rs 1 lakh. As many as 6.68 lakh companies have authorised capital of less than or equal to Rs 10 lakh each.

Even though there are 14.52 lakh registered companies in the country, only 10.17 lakh are active. Most number of firms are in business services. All firms are required to be registered under the Companies Act, which is implemented by the Ministry. Last month alone, 6,138 companies were registered with collective authorised capital of Rs 4,037 crore. In terms of states, Maharashtra has the highest number of active companies at 2.15 lakh, followed by Delhi (1.97 lakh) and West Bengal (1.37 lakh) as on February 28.

January-March PE investments grow by 20% to $2.65 billion

Private equity (PE) firms have invested about $2,646 million spread across 124 deals during the quarter ended March 2015, clocking a growth of 20 per cent over the corresponding period last year, says a report.

According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, the investment in the said quarter registered a year-on-year jump, but declined on a quarter-on-quarter basis. The figure is 20 per cent higher than the same period last year when $2,212 million were invested across 132 transactions, but 36 per cent lower than the immediate previous quarter, which saw $4,120 million pumped in through 112 deals.

There were six PE investments worth $100 million or more during the first quarter of 2015 as compared to four in the year-ago period. The largest investment was IFC's $260 million commitment to microfinancier-turned-bank licence holder Bandhan Financial Services.
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