April 2, 2024 3:14 PM

Ministry of Corporate Affairs reports record incorporations in fiscal year 2023-24

The Ministry of Corporate Affairs (MCA) has revealed that the fiscal year 2023-2024 witnessed the highest number of incorporations on record. In a post shared on X, the ministry stated, "MCA records the highest number of incorporations during 2023-2024, surpassing any of the previous financial years." According to data released by the ministry, 185,314 companies were incorporated in FY 2023-24, surpassing the 159,339 companies incorporated in the previous financial year. Similarly, the incorp...