 "More than 185,000 companies incorporated in FY24, highest in a fiscal year")
More than 1.85 lakh companies were incorporated in the country in 2023-24, the highest number for any financial year.
A total of 1,85,314 companies and 58,990 Limited Liability Partnerships (LLPs) were incorporated in the fiscal ended March 31.
In a post on X, the corporate affairs ministry said the highest number of companies were incorporated during 2023-2024, "surpassing any of the previous financial years".
A total of 1,59,339 companies and 36,249 LLPs were incorporated in 2022-23.
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