Uttar Pradesh To Register Maximum Number of New Companies After Maharashtra Post Covid: UP has added the most number of new companies after Maharashtra since the outbreak of Covid-19, beating industrial hubs such as Delhi, Karnataka and Tamil Nadu, data combined by the corporate affairs ministry (MCA) show.
What The Report Pointed:
After Delhi and Maharashtra, Uttar Pradesh has the third-highest number of active companies. Uttar Pradesh is home to 1.08 lakh active companies as of September end while Maharashtra and Delhi have 3 lakh and 2.2 lakh active companies respectively.
With 1.04 lakh and 99,038 active companies, Karnataka and Tamil Nadu are fourth and fifth, respectively.
UP has overtaken Karnataka, Tamil Nadu, and Telangana in the post-pandemic stage. Uttar Pradesh added 30,000 companies in the past three years, which helped it emerge the third state in terms of number of active companies behind only Maharashtra and Delhi. On the other hand, Maharashtra continues to lead the pack after adding 60,000 new companies in the past three years. Maharashtra’s dominance comes largely from the fact that its capital, Mumbai is the financial capital of India and serves as a hub for several mid-size and big companies.