More than 1.67 lakh companies were incorporated or registered by the Ministry of Corporate Affairs in 2021-22 compared to 1.55 lakh companies registered in the corresponding financial year, an 8 per cent rise. Official sources said that the figure of 1.67 lakh companies getting registered in 2021-22 was the highest ever compared to any of the previous financial years. 

The highest number of 44,168 companies to be registered during 2021-22 were under the business services segment, followed by those in the manufacturing sector (totalling 34,640) and personal and social services (23,416 entities). Companies registered under the agriculture sector during the period were 13,387, according to figures provided by Ministry of Corporate Affairs. 

During 2018-19, the ministry had registered 1.24 lakh companies, while the figure was 1.22 lakh for companies incorporated by it in 2019-20. Maharashtra led among the States with highest number of companies registered under its jurisdiction, totalling 31,107 companies in 2021-22, followed by 16,969 companies registered in Uttar Pradesh, Delhi (16,323 companies), Karnataka (13,403 companies) and Tamil Nadu (11,020 companies).