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Unlocking Business Growth: Navigating Company Incorporation in India

Vasu Gupta • December 25, 2023
 SRGA Global is proud to present our Monthly Insight for August 2023, focusing on the landscape of new company incorporations in India. As a trusted name with over 30 years in business advisory, taxation, and corporate governance, we are excited to share key insights that can help your business thrive in this ever-evolving market. Choosing SRGA as your partner for new company incorporation in India provides you with unparalleled expertise, a comprehensive suite of services, and a network that spans multiple jurisdictions.

1. The Universe of Registered Companies and LLPs
India has seen a remarkable surge in the number of registered Companies and Limited Liability Partnerships (LLPs) over the past decade. Our research indicates a diverse range of entities contributing to the nation's economy.

2. Classification of New Company Incorporations

The market offers a variety of options for new incorporations ranging from Private Limited Companies to One Person Companies and LLPs. Each comes with its own set of regulations, benefits, and challenges, making it crucial for businesses to make informed decisions.

3. Geographical Spread

The geographical distribution of new incorporations is another fascinating area. Major cities like Mumbai, Delhi, and Bangalore continue to be hotspots, while Tier-2 cities are not far behind in contributing to the business landscape.

  • 19,983 entities got incorporated with MCA under 4,882 PIN Codes in the last month.
  • The top 10 PIN Codes count for 5.7% of total new incorporations with 1,148 entities. 
  • During the month, 3,510 entities were incorporated in the North region of India covering 5 States (Uttar Pradesh, Haryana, Punjab, Uttarakhand, Himachal Pradesh).

4. Industry and Revenue Spread

From IT to Manufacturing, new incorporations span a broad spectrum of industries. The revenue streams of these companies also vary, indicating a healthy mix of enterprise sizes and scopes.

5. Regulatory Updates

It's imperative to stay updated with the latest regulatory changes. From RBI circulars to government notifications, keeping abreast of these updates can be the difference between seamless operation and unexpected roadblocks.New Paragraph

By Vasu Gupta December 25, 2023
COP28 marks the conclusion of the first-ever global stocktake, sounding a reminder that we are falling short of the Paris Agreement's 1.5°C target. As governments convened, decisions taken here fuelled ambitious climate plans to secure a sustainable future. SRGA Global consistently and actively participated in COP events. This engagement reflects our unwavering commitment to addressing climate change and sustainable development issues that affect India and UAE, and their ongoing journey towards balancing economic growth with climate commitments under the Paris Agreement. Road from B20 India to COP28, UAE Under the theme R.A.I.S.E - Responsible, Accelerated, Innovative, Sustainable, and Equitable businesses, B20 India offered empowering recommendations for business leaders to adopt responsible, expedited, innovative, sustainable, and equitable practices. There is an agreement across forums on tripling renewable energy capacity globally by 2030, driving accelerated energy transitions, strengthening bilateral and multilateral partnerships between stakeholders towards enhancing business-led climate action and unlocking increased climate finance through leveraging of private capital through various means. Effective cooperation among governments, businesses, and international stakeholders is necessary to tackle the pressing challenges of our time. Additionally, the B20 India 2023 Action Council on ESG in Business Policies highlighted the necessity of a standardised ESG framework and advocated for a resilience and disaster management framework to mitigate climate impacts, especially in the Global South. Key Highlights from India Perspective: COP28 should prioritize workforce capacity building, focusing on knowledge development and gender inclusivity. Ensure MSMEs have a dedicated voice at COP28 to address their unique challenges in transitioning to a low-carbon economy. The inclusion of MSMEs can strengthen COP28's goal to triple Renewable Energy (RE) usage and double energy efficiency (EE) by 2030. Leveraging COP28 as a platform to foster interactions with the corporate sector and to present their unique perspectives on various initiatives such as the Global GDA, the Industrial Transition Accelerator (ITA) and the Charter for Oil and Gas Decarbonization (COGD). Discussions on Articles 6.2 and 6.4 should provide clarity to all stakeholders, fostering increased climate finance flows and technology access in developing countries. There is an immediate need for well-defined standards and protocols that take into consideration inclusion, equity and parity. This is needed to bring about a well-oiled voluntary carbon market mechanism that will collectively work towards sustainable goals. Considering the evolving landscape we are operating in, it is imperative that we define and improvise on the go. At COP28 UAE, SRGA Global stands at the forefront of environmental stewardship and corporate responsibility. Our growing domain knowledge in ESG standards and frameworks positions us uniquely to guide companies through comprehensive ESG Audits and Advisory. Partner with us for insights and strategies that align with the latest in sustainable development and responsible business practices.
By Vasu Gupta December 25, 2023
As we illuminate our office with the vibrant lights of Diwali 2023, we're not just sparking diyas, but igniting the spirit of camaraderie and joy. This year is particularly momentous as we mark three decades of unwavering service, trust, and collaboration. As our teams come together in celebration, dancing to the rhythm of success and unity, we're reminded that SRGA Global is more than just a consulting firm; it's a family that thrives on mutual respect and shared goals. Here's to 30 years of SRGA Global - where tradition meets ambition, and celebrations are just as important as innovations. 🫱🏻‍🫲🏽
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