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Company & LLP Registration Trends in India — May 2023

In short

May 2023: 22,776 Company and LLP registrations in India, with historical May comparison from 2016 onward.

Financial-year context: May 2023 falls in FY 2023–24. Monthly counts remain observations for the named month, not full-year totals. January–March 2016 is excluded from the website comparison series.

May 2023 recorded 22,776 Company and LLP registrations in India. This page places the month in context by comparing May 2023 with earlier available May data from 2016 onward.

May 2023 at a glance
Private Companies: 15,929 (69.9%)  •  OPC: 877 (3.9%)  •  LLP: 5,753 (25.3%)
Total registrations: 22,776

May Registration Trend — 2016 to 2023

Each row below represents the same calendar month — May — so the comparison is not distorted by normal differences between months.

Financial year Private OPC Public Foreign LLP Total YoY
2016–17
May 2016
9,561 456 178 25 2,733 12,953 —
2017–18
May 2017
9,062 450 161 6 2,723 12,402 (-4.3%)
2018–19
May 2018
9,976 541 250 8 2,387 13,162 (+6.1%)
2019–20
May 2019
10,307 700 274 13 3,509 14,803 (+12.5%)
2020–21
May 2020
4,379 355 101 6 1,224 6,065 (-59.0%)
2021–22
May 2021
9,903 781 231 9 3,353 14,277 (+135.4%)
2022–23
May 2022
15,340 878 295 2 2,644 19,159 (+34.2%)
2023–24
May 2023
15,929 877 213 4 5,753 22,776 (+18.9%)

What the May 2023 data shows

Private Companies formed (69.9%) of all May 2023 registrations, while LLPs accounted for (25.3%). OPCs contributed (3.9%).

Top 5 Business Activities in May 2023: Private Limited, LLP and OPC

These rankings are calculated from the declared business-activity descriptions in the MCA incorporation records for May 2023. Counts refer to newly incorporated entities, not turnover, employment or later business performance. Percentages are calculated separately within each legal structure.

Private Limited Companies — Top 5 of 15,929

Declared business activity Registrations (share)
Community, personal & Social Services 4,174 (26.20%)
Trading 2,551 (16.01%)
Business Services 2,304 (14.46%)
Construction 1,021 (6.41%)
Transport, storage and Communications 931 (5.84%)

Limited Liability Partnerships (LLPs) — Top 5 of 5,753

Declared business activity Registrations (share)
Community, personal & Social Services 1,524 (26.49%)
Trading 1,017 (17.68%)
Real Estate and Renting 654 (11.37%)
Business Services 581 (10.10%)
Construction 543 (9.44%)

One Person Companies (OPCs) — Top 5 of 877

Declared business activity Registrations (share)
Community, personal & Social Services 287 (32.73%)
Business Services 182 (20.75%)
Trading 176 (20.07%)
Construction 48 (5.47%)
Transport, storage and Communications 42 (4.79%)

What stands out: Community, personal & Social Services leads in all three business structures for May 2023.

Source and method: MCA monthly incorporation Excel records (Monthly-Company(Indian-and-Foreign)and-LLPs-incorporation-FO-portal-Report_MAY2023-20230602.xlsx), grouped by entity classification and the reported ACTIVITY DESCRIPTION / Activity Description field. Categories are reproduced as reported, so labels should not be interpreted as fine-grained industry classifications.

Explore the Registration Trend research hub or compare May registrations across years.

How to read this data

Registration numbers measure the creation of legal entities. They do not indicate later profitability, funding, employment or continued activity.

Source: MCA monthly incorporation data compiled in the CompanysRegistration.com Registration Trend dataset.

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Learn about each structure

Behind every number above is a choice founders made. These lessons explain what each structure is, how it is registered and what it costs to keep running.

CS. Bhavik Hariyani

About the author

CS. Bhavik Hariyani

Working with Startups on Corporate Law and Compliance since 2009.

If you’re a First-Time Founder, choose a structure that suits your Business. Before registering, understand how much you will need to spend every year on Annual Maintenance and Compliance.