Data for September 2026
New companies by state and union territory
India registered 24,325 new companies in September 2026. Among the 27 states with companies in the files, Maharashtra registered the most (3,921); among the 7 union territories, Delhi did (2,000). States and union territories are ranked separately, and each has its own page with its monthly figures, ranks and league position.
- New companies in India, September 2026
- 24,325
- Up 13.1% from August's 21,511
- India's business birth rate
- 17.3
- new companies per million people, September 2026
- Places with a page
- 34
- 27 states and 7 union territories with companies in the files
- Companies registered in India
- 2,04,754
- January to September 2026
States
The 27 states with companies in the files, ranked by new companies in September 2026. Climbers since August: Arunachal Pradesh (27th to joint 22nd), Uttarakhand (18th to 17th), Chhattisgarh (19th to 18th) and Nagaland (26th to 25th). Sliders: Assam (17th to 19th), Meghalaya (joint 24th to joint 26th), Mizoram (joint 24th to joint 26th) and Manipur (23rd to 24th).
| State | Companies, Sep 2026 | Change on Aug | Rank | Business birth rate | Birth-rate rank | Division |
|---|---|---|---|---|---|---|
| Maharashtra | 3,921 | +411 (+11.7%) | 1 | 30.7 | 4 | Premier |
| Uttar Pradesh | 2,676 | +295 (+12.4%) | 2 | 11.1 | 14 | Premier |
| Karnataka | 1,988 | +346 (+21.1%) | 3 | 29.2 | 5 | Premier |
| Tamil Nadu | 1,808 | +325 (+21.9%) | 4 | 23.5 | 7 | Premier |
| Telangana | 1,731 | +265 (+18.1%) | 5 | 45.2 | 1 | Premier |
| Gujarat | 1,414 | +28 (+2.0%) | 6 | 19.5 | 9 | Premier |
| Haryana | 1,297 | +144 (+12.5%) | 7 | 42.4 | 2 | Premier |
| West Bengal | 1,057 | +13 (+1.2%) | 8 | 10.6 | 16 | Challenger |
| Rajasthan | 997 | +119 (+13.6%) | 9 | 12.2 | 11 | Premier |
| Kerala | 862 | +95 (+12.4%) | 10 | 24.0 | 6 | Challenger |
| Bihar | 818 | +91 (+12.5%) | 11 | 6.4 | 21 | Premier |
| Madhya Pradesh | 756 | +86 (+12.8%) | 12 | 8.6 | 18 | Premier |
| Andhra Pradesh | 684 | +84 (+14.0%) | 13 | 12.8 | 10 | Challenger |
| Odisha | 468 | +72 (+18.2%) | 14 | 10.1 | 17 | Challenger |
| Punjab | 339 | +4 (+1.2%) | 15 | 11.0 | 15 | Challenger |
| Jharkhand | 294 | +19 (+6.9%) | 16 | 7.4 | 19 | Challenger |
| Uttarakhand | 245 | +58 (+31.0%) | 17 | 20.8 | 8 | Challenger |
| Chhattisgarh | 224 | +39 (+21.1%) | 18 | 7.3 | 20 | Challenger |
| Assam | 207 | −11 (−5.0%) | 19 | 5.7 | 23 | Challenger |
| Himachal Pradesh | 90 | No change | 20 | 12.0 | 12 | Challenger |
| Goa | 64 | +5 (+8.5%) | 21 | 40.4 | 3 | Emerging |
| Arunachal Pradesh | 18 | +12 (+200.0%) | 22 (joint) | 11.4 | 13 | Emerging |
| Tripura | 18 | −2 (−10.0%) | 22 (joint) | 4.3 | 25 | Emerging |
| Manipur | 17 | No change | 24 | 5.2 | 24 | Emerging |
| Nagaland | 14 | +7 (+100.0%) | 25 | 6.2 | 22 | Emerging |
| Meghalaya | 5 | −3 (−37.5%) | 26 (joint) | 1.5 | 27 | Emerging |
| Mizoram | 5 | −3 (−37.5%) | 26 (joint) | 4.0 | 26 | Emerging |
Ranks are among the 27 states only. Change is against August 2026. Business birth rate is new companies per million people, using the 2024 projected population (UIDAI Aadhaar report, 31 October 2024); all 27 states have at least 1 million people, so all are ranked on business birth rate. The Division column shows each state's place in The Founders' League; Emerging states play outside the league.
Select a column heading to sort the table.
Union territories
The 7 union territories with companies in the files, ranked only against each other. They are not part of The Founders' League, which is played by states; this table is theirs. No place changed position since August.
| Union territory | Companies, Sep 2026 | Change on Aug | Rank | Business birth rate | Birth-rate rank |
|---|---|---|---|---|---|
| Delhi | 2,000 | +275 (+15.9%) | 1 | 91.9 | 1 |
| Jammu & Kashmir | 193 | +24 (+14.2%) | 2 | 13.8 | 4 |
| Chandigarh | 68 | −1 (−1.4%) | 3 | 54.7 | 2 |
| Puducherry | 32 | +14 (+77.8%) | 4 | 23.0 | 3 |
| Dadra & Nagar Haveli and Daman & Diu | 11 | +3 (+37.5%) | 5 | 16.7 | Not ranked |
| Andaman & Nicobar Islands | 4 | +1 (+33.3%) | 6 | 9.9 | Not ranked |
| Lakshadweep | 0 | −1 (−100.0%) | 7 | 0.0 | Not ranked |
Ranks are among the 7 union territories only. Dadra & Nagar Haveli and Daman & Diu, Andaman & Nicobar Islands and Lakshadweep have fewer than 1 million people, so they are listed but not ranked on business birth rate.
Not in the files: Sikkim (a state) and Ladakh (a union territory). The January to September 2026 MCA files have no companies under their ROC codes, so they are named here without a page.
Select a column heading to sort the table.
How places are counted and ranked
Why states and union territories are ranked separately
Several union territories are largely urban. Delhi and Chandigarh are city territories, so their new companies per million people are not comparable with whole states that include large rural areas. To keep every comparison fair, states are ranked only among states and union territories only among union territories, and no table on these pages mixes the two.
Where a company's location comes from
The MCA monthly incorporation files have no address or city column. Each company is placed by the Registrar of Companies (ROC) code in its Corporate Identification Number (CIN), the number the Registrar allots at incorporation. A company is registered with the ROC that has jurisdiction over its registered office, and each ROC code maps to exactly one state or union territory. Where a place has more than one ROC office, as Maharashtra has four, the offices are added together.
Business birth rate
New companies in a month per million people, using the 2024 projected population (UIDAI Aadhaar report, 31 October 2024). India's rate in September 2026 was 17.3. Places with fewer than 1 million people are listed with their rate but not ranked, because a single company moves their rate sharply.
Divisions
The Founders' League is played by states: 20 states in a Premier Division and a Challenger Division of 10 each, seeded on March 2026 volumes, with promotion and relegation each quarter on quarter points. The seven smaller states with companies in the files play outside the league as Emerging states. Union territories have their own table instead.
Questions about states and union territories
Which state registered the most new companies in September 2026?
Maharashtra, with 3,921 new companies in September 2026, followed by Uttar Pradesh with 2,676 and Karnataka with 1,988. Among union territories, which are ranked separately, Delhi led with 2,000. From January to September 2026, Maharashtra registered 33,629 companies, 16.42% of India's 2,04,754.
Which state has the highest business birth rate?
Telangana, with 45.2 new companies per million people in September 2026, followed by Haryana at 42.4 and Goa at 40.4, against 17.3 for India. Among union territories with at least 1 million people, Delhi led at 91.9. The rate uses the 2024 projected population, and places with fewer than 1 million people are listed but not ranked.
How often are these figures updated?
Every month. The figures come from the monthly incorporation files of the Ministry of Corporate Affairs and are published on Index Day, the 5th of the month. The next Index Day is Thursday 5 November 2026, with October 2026 data. Each release recalculates the whole series, so earlier months can change slightly if the MCA revises a file; cite the month with any figure.
Why do Sikkim and Ladakh have no page?
The January to September 2026 MCA files contain no companies under the ROC codes for Sikkim and Ladakh, so there are no figures to show. They are named on this page so that the list of states and union territories is complete. A page is added for any place as soon as companies appear under its code in a monthly file.
Can I republish these figures?
Yes. The tables, place pages, data files and badges are free to republish with credit to the BBR Index by BizExpress. With a figure or a chart, use the line: Source: BBR Index by BizExpress, based on MCA monthly incorporation data. Please describe the figures as an independent analysis of public MCA data, not an official statistic. Press enquiries: pr@bizexpress.in.
Data and downloads
Every figure in the two tables above is in the state and union territory file, free to republish with credit to the BBR Index by BizExpress.
- States and union territories (CSV)Latest month, year to date, ranks, business birth rate and company types for every placeDownload States and union territories (CSV)
- Union territory table (CSV)The union territory table for the latest monthDownload Union territory table (CSV)
- The Founders' League season table (CSV)Points, positions and form by divisionDownload The Founders' League season table (CSV)
- Methodology (PDF)How the counts, ranks and rates are builtDownload Methodology (PDF)
How to cite
With a figure or a chart, use the line:
Source: BBR Index by BizExpress, based on MCA monthly incorporation data.
From the Incorporation Experts
Choosing where to register?
A company is registered with the ROC that has jurisdiction over its registered office, and that office decides the state or union territory it counts for here. The application is made through SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus), the MCA web form INC-32 that combines name reservation and incorporation.
The registered office also affects the cost: stamp duty on the memorandum and articles of association differs by state and union territory, so check it before you settle the address.
After incorporation, a company with share capital must file its declaration for commencement of business in Form INC-20A within 180 days, and its Board must appoint the first auditor within 30 days. A limited liability partnership (LLP) is incorporated through Form FiLLiP and must file its LLP agreement in Form 3 within 30 days of incorporation.
BizExpress takes private limited companies and LLPs from name approval to certificate, and keeps the filings that follow on time.