Company registrations decline 21% in Sept, LLPs rise 8%
New company incorporations declined almost 21% in September from a year before, the third straight month of fall and the steepest so far in this financial year, showed the latest corporate affairs ministry data.
However, the registration of limited liability partnerships (LLPs) increased almost 8% year-on-year, maintaining an increase month after month except for the fall in May, the data showed.
Experts said company registrations may have already peaked, blaming an unfavourable base (such incorporations had hit a record in 2022-23) for the fall this fiscal.
However, robust services trade prospects, both domestic and global, over the medium term have kept LLP registrations high, they added.
The data showed that 11,109 companies, including foreign firms, were registered in India in September, the lowest so far in 2024-25, down from 13,996 a year earlier. Sequentially, the fall was an even sharper 24.4%.
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