The First Quarterly Report for Startup and Trademark Registrations in India put together by Startup Success Stories and Vakilsearch – an online legal services platform – have partnered to give you a comprehensive overview of the business trends in India. In this report, Startup Success Stories and Vakilsearch track the number of incorporations and trademark registrations made over the second quarter (April, May, June) of 2019, along with a look at the related trends.

The First Quarterly Report for Startup and Trademark Registrations in India
The First Quarterly Report for Startup and Trademark Registrations in India

Overview of India’s Incorporation Landscape

Types of Companies:

Row Labels April MAY June Grand Total
Foreign Company 8 13 10 31
LLP 4186 3509 2979 10674
Private 9482 10307 8760 28549
One Person Company 626 700 577 1903
Public 275 274 282 831
Grand Total 14577 14803 12608 41988

Top 10 States for Company Incorporation:

Row Labels April MAY June (blank) Grand Total
Maharashtra 3187 3141 2665   8993
Delhi 1832 1885 1474   5191
Uttar Pradesh 1330 1327 1205   3862
Karnataka 1254 1187 1103   3544
Tamil Nadu 851 950 808   2609
Telangana 898 864 836   2598
Gujarat 933 824 648   2405
West Bengal 733 767 647   2147
Haryana 689 726 552   1967
Kerala 550 535 472   1557

Key Takeaways:

Approximate 42,000 companies registered in Q1 2019

The second quarter of 2019 saw a slight dip in the total number of companies registered at 42,000 this year in comparison to the first quarter. Amongst these, 68%  of companies registered are Private Limited and 26 % are Indian LLPs.

Hottest hubs for incorporation in India

In the second quarter, Maharashtra has once again witnessed the maximum number of incorporations, with a total of 8,993 businesses incorporated. This is followed by Delhi with a total of 5,191 businesses incorporated during this quarter. The third and the fourth positions go to Uttar Pradesh and Karnataka with 3,862 and 3,544 incorporations, respectively as seen in the first quarter.

Over 83,176 Trademarks registered in Q1 2019

The total trademarks registered in the country stood at 83,176 in Q1 2019. In June, total trademarks registered declined by 5 % in comparison to May. However, comparing June to April, there has been an approximate 6% dip in Trademark Registrations.

INTRODUCTION

India has captured the global market for its ease of doing business and has been recognised as one of the fastest-growing economies in the world. This can be tied to its direct impact of the increase in Business incorporations and trends in the country. Thereby positioning India in the 77th spot in the ease of doing business amongst 190 countries in the world.

In the past decade, the cascading growth and explosion of Start-ups powered by strategic government policies have nurtured the start-up ecosystem in the country. This key phase of India’s development makes tracking its growth pivotal.

Company Incorporation:

  • Total incorporations in Q1 stood at 41,988. In June, business incorporations declined to 15 % from May. However, comparing June and April, there has been a 2 % increase in the incorporations
  • The total number of incorporations stood at 12,608 on June 2019, 14,803 in May, and at 14,577 in April
  • The number of foreign companies registered in Q1 totalled to 31. Foreign companies registrations have been slightly irregular month-on-month with 10 foreign companies registered on June, 13 in May and 8 in April

TYPES OF COMPANIES REGISTERED

  • Around 30.8% of the companies registered in June were private companies; another 28% of them were Indian LLPs
  • Total number of private companies registered declined by 6% in June vs May, and was up by 3% from April vs May
  • Total number of Indian LLPs registered has seen a 6% decrease in June vs May and a 7% decrease for May vs April
  • In comparison to Quarter 1 where Public companies contributed to a very nominal percentage towards the total number of companies registered. However,  in quarter two, Public companies have contributed to almost 2% of the total company registrations
  • Public registrations of companies also saw a 1% increase from June vs May

TOP HUBS FOR INCORPORATION

  • For three months in a row, Maharashtra witnessed the maximum number of incorporations, with a total of 8,993 company registrations in Q1
  • Delhi saw the second-highest number of business incorporations in the second quarter at 5,191 registrations, followed by Uttar Pradesh at 3,862

BRAND PROTECTION – TRADEMARK TRENDS JURISDICTION-WISE RANKING

TOTAL NUMBER OF TRADEMARKS APPLIED

  • The total number of trademark registrations for the quarter stood at 83,176
  • In June, trademark registrations declined by 12.6% from May 2019

FOREIGN COMPANIES: 31

Oceaneering International GmbH
Aoki Technical Laboratory Inc
KYOWA Electronic Instruments Co. Ltd.
NATIONAL PETROLEUM CONSTRUCTION COMPANY
BARTEC PTE LTD
SANNE Mauritius
Kimura Chemical Plants Co. Ltd.
Kreuz Subsea Technologies Pte. Ltd.
BOSKALIS OFFSHORE CONTRACTING B.V.
PICOSUN Oy
Whessoe Engineering Limited
AEROGEN LIMITED
Novomet Perm
Novomet FZE
EDF INTERNATIONAL NETWORKS
Matica Corp
Japan Third Party Co. Ltd.
EAPOWER PTE. LTD.
PISEC GROUP GmbH
ARMACO JSC
MSI PACIFIC INTERNATIONAL HOLDING CO LTD
Kimura Chemical Plants Co. Ltd.
Tec-Cuatro S.A.
MEMSTAR PTE LTD
Sejin Technical Industires Co. Limited
TGT Oilfield Services DMCC
Hunan Kori Converters Co. Ltd.
Dong Il Engineering Consultants Co. Ltd.
CHCS Services Inc. Limited (IT/ITES)
Toyox Co. Ltd.
Bank Pasargad

You can also download the report in PDF format by clicking here.

Comments

comments