Monthly record, data month February 2026
BBR Index, February 2026
The Business Birth Rate Index (BBR Index) read 110.4 in February 2026, up 10.8 points from 99.6 in January 2026. India registered 24,136 new companies in the month, 1,097.1 per working day over 22 working days, and 9,780 limited liability partnerships (LLPs).
- BBR Index
- 110.4+10.8 points on January
- New companies
- 24,136+867 (+3.7%) on January
- Per working day
- 1,097.122 working days
- New LLPs
- 9,780−301 (−3.0%) on January
The reading
The BBR Index measures the pace of company births: new companies per working day, counted from the monthly incorporation files of the Ministry of Corporate Affairs (MCA). An index of 100 equals the January to August 2026 average of 994.1 new companies per working day. A working day counts weekdays as one day and Saturdays as half a day; Sundays and days with no registrations count as none.
BBR IndexFebruary 2026100 = January to August 2026 average
MCA split the Delhi, Mumbai, Kanpur and Kolkata offices of the Registrar of Companies on 16 February 2026. Totals for states and union territories are unaffected, because each adds every office inside it; the Bharat sub-index starts in March 2026, the first full month after the split.
| Month | BBR Index | New companies | Working days | Per working day | New LLPs |
|---|---|---|---|---|---|
| January 2026 | 99.6 | 23,269 | 23.5 | 990.2 | 10,081 |
| February 2026 | 110.4 | 24,136 | 22 | 1,097.1 | 9,780 |
Sub-indices
Each sub-index is indexed to its own January to August 2026 average per working day (100). The Bharat sub-index starts in March 2026, the first full month after MCA split four offices of the Registrar of Companies (ROC) on 16 February 2026.
| Sub-index | Feb 2026 | Jan 2026 | Change, points | Registered in February |
|---|---|---|---|---|
| Tech | 102.2 | 91.9 | +10.3 | 3,713 companies |
| Green | 111.1 | 101.8 | +9.3 | 955 companies |
| Bharat | Starts March 2026 | |||
| Non-profit | 101.6 | 99.5 | +2.1 | 1,651 companies |
| Foreign Entry | 104.2 | 100.1 | +4.1 | 191 companies |
| LLP | 103.0 | 99.4 | +3.6 | 9,780 LLPs |
What each sub-index covers
- Tech
- IT, software, data, telecom, electronics and R&D companies
- Green
- Power, water, waste and recycling companies plus solar, EV, storage and climate names
- Bharat
- Companies registered outside the big-metro ROC offices
- Non-profit
- Section 8 companies: not-for-profit companies licensed under Section 8 of the Companies Act, 2013
- Foreign Entry
- Foreign-owned subsidiaries plus foreign companies opening an Indian place of business
- LLP
- Limited liability partnerships
States and union territories
Maharashtra registered the most new companies among states in February 2026: 3,994, 16.55% of India's total. States are ranked among the twenty-seven states in the files and union territories only among union territories.
Top ten states
| Rank | State | New companies | Change on Jan 2026 | Share of India |
|---|---|---|---|---|
| 1 | Maharashtra | 3,994 | +117 (+3.0%) | 16.55% |
| 2 | Uttar Pradesh | 2,836 | +146 (+5.4%) | 11.75% |
| 3 | Karnataka | 1,794 | +123 (+7.4%) | 7.43% |
| 4 | Telangana | 1,731 | +168 (+10.7%) | 7.17% |
| 5 | Tamil Nadu | 1,661 | +141 (+9.3%) | 6.88% |
| 6 | Gujarat | 1,410 | −9 (−0.6%) | 5.84% |
| 7 | Haryana | 1,270 | +58 (+4.8%) | 5.26% |
| 8 | Bihar | 1,028 | +185 (+21.9%) | 4.26% |
| 9 | West Bengal | 1,024 | −50 (−4.7%) | 4.24% |
| 10 | Rajasthan | 935 | +6 (+0.6%) | 3.87% |
Every state and union territory has its own page: states and union territories. Sikkim and Ladakh have no companies in the MCA files, so neither is ranked. The file for February 2026 lists every state and union territory.
Union territories
| Rank | Union territory | New companies | Change on Jan 2026 | Share of India | Per million people | Momentum |
|---|---|---|---|---|---|---|
| 1 | Delhi | 1,994 | +69 (+3.6%) | 8.26% | 91.7 | −0.1% |
| 2 | Jammu & Kashmir | 180 | −9 (−4.8%) | 0.75% | 12.9 | −8.2% |
| 3 | Chandigarh | 53 | −29 (−35.4%) | 0.22% | 42.6 | −37.7% |
| 4 | Puducherry | 24 | +10 (+71.4%) | 0.10% | 17.3 | Too few to measure |
| 5 | Andaman & Nicobar Islands | 10 | +3 (+42.9%) | 0.04% | n/a* | Too few to measure |
| 6 | Dadra & Nagar Haveli and Daman & Diu | 4 | −5 (−55.6%) | 0.02% | n/a* | Too few to measure |
| 7 | Lakshadweep | 2 | +2 | 0.01% | n/a* | Too few to measure |
* Per million people is shown only for union territories with at least 1 million people. Momentum compares a union territory's share of India's new companies with its average share over up to three earlier months, and is shown only when it registered at least 50 new companies in the month.
Business birth rate
The business birth rate is new companies per million people (2024 projected population). In February 2026, Telangana led the states with 45.2 and Delhi led the union territories with 91.7; India as a whole recorded 17.2. States and union territories are ranked separately, and places under 1 million people are not ranked.
States
| Rank | State | Per million people | New companies |
|---|---|---|---|
| 1 | Telangana | 45.2 | 1,731 |
| 2 | Haryana | 41.5 | 1,270 |
| 3 | Goa | 34.7 | 55 |
| 4 | Maharashtra | 31.3 | 3,994 |
| 5 | Karnataka | 26.3 | 1,794 |
| 6 | Kerala | 22.6 | 811 |
| 7 | Tamil Nadu | 21.5 | 1,661 |
| 8 | Uttarakhand | 21.0 | 247 |
| 9 | Gujarat | 19.5 | 1,410 |
| 10 | Arunachal Pradesh | 15.2 | 24 |
Union territories
| Rank | Union territory | Per million people | New companies |
|---|---|---|---|
| 1 | Delhi | 91.7 | 1,994 |
| 2 | Chandigarh | 42.6 | 53 |
| 3 | Puducherry | 17.3 | 24 |
| 4 | Jammu & Kashmir | 12.9 | 180 |
Sector of the Month
Sector of the Month starts in April 2026, the first month with three earlier months to compare against. By new companies, the largest sector in February 2026 was IT, software & telecom.
Records and milestones
Each record below was the highest (or lowest) in 2026 up to February 2026; the status shows where it stands in the data to August 2026.
- Busiest week of 2026 so far: week ending 22 February 2026: 7,112 companies (weeks run Monday to Sunday). Passed in the week ending 15 March 2026.
- Busiest month of 2026 so far for companies: 24,136 companies. Passed in July 2026.
- Highest BBR Index reading so far: 110.4. Still the highest.
- Busiest day of the month: 17 February 2026, 1,564 companies.
The Founders' League
The Founders' League season started in April 2026 with Matchday 1, so February 2026 has no matchday, crowns or derbies. The league ranks states against states on new companies and on the change in their share of India's new companies; union territories have their own table.
Data and citation
Data files
The first file holds the February 2026 figures for every state and union territory. The other files cover the whole series and are updated after each Index Day. The data files are plain CSV with a header row; About the data files gives the source line and field notes.
- Every state and union territory, February 2026 (CSV, 5 KB): new companies, change on the previous month, share of India, ranks within each group and business birth rate
- BBR Index and sub-indices by month (CSV, 1 KB): every month from January 2026
- About the data files (text)
Cite this page
Business Birth Rate Index (BBR Index) by BizExpress, monthly record for February 2026, https://bizexpress.in/business-birth-rate/2026-02/. Based on Ministry of Corporate Affairs (MCA) monthly incorporation data.
Free to republish with credit to the BBR Index by BizExpress. The methodology explains every measure on this page; the BBR Index page has the latest reading and The Founders' League the latest tables.