Firm registrations at record level in April Covid-hit Maharashtra, Delhi, UP lead the pack

New Delhi NOTWITHSTANDING the Covid-19 pandemic, corporate activities have maintained their momentum in the country.

And a testimony to the strong entrepreneurial spirit of the Indian people is the growing number of companies that are getting registered in the country.

During the peak of the second wave of the pandemic in April, a whopping 12,554 companies were registered in India, including 839 one-person companies with authorised capital of Rs 1,483.41 crore.

According the latest data released by the Ministry of Corporate Affairs (MCA), Maharashtra, one of the worst Covid-hit States in the country with high infection and death rates, reported the highest number corporate registrations in April at 2,292.

Two other States which saw rapid rise in Covid infections in April - Delhi and Uttar Pradesh -- saw the highest number of company registrations after Maharashtra. While 1,262 companies were registered in Delhi in April, as many as 1,260 companies got registered in Uttar Pradesh.