India might have 10 lakh active companies but 600-odd firms alone account for more than half of the total authorised capital of Rs44.31 lakh crore, according to official data. The total authorised capital of 10.17 lakh active companies touched Rs44.31 lakh crore at the end of February this year. Generally, firms that are regular in making their statutory filings with the Corporate Affairs Ministry are considered as active.
latest data from the Ministry shows that out of the total active companies, just 604 entities have an authorised capital of over Rs1,000 crore each. These 600-odd companies together have an authorised capital of Rs26.3 lakh crore, accounting for nearly 60 per cent of the total authorised capital of all active entities. Out of the total active companies, more than 3.46 lakh entities have an authorised capital of up to Rs1 lakh.