3300 foreign companies operating in India in 2022
1777 foreign companies closed operations. Nearly 3300 foreign companies are operating in India and have active status as of July 2022. However, there are 1777 foreign companies who have closed their place of business in India.
According to data available with the ministry of Corporate Affairs, there are 5068 Foreign companies registered in India until July 2022. But effectively, 3291 foreign companies are active in their operations. However, more than 50% of companies closed their operations due to a variety of reasons. All Foreign companies have to be registered by Registrar Of Companies (ROC),Delhi after approval is given by RBI. This is the highest number of foreign companies which are active in 2022. The Ministry of Corporate Affairs also stated that no cancellation of registration of inactive foreign companies is under consideration. The Ministry stated that such companies incorporated outside India can close their places of business from India due to reason such as cessation of operation of branch office/ Rental Agreement in India, expiration of validity granted by the Reserve Bank of India, could never start its operation due to change of business policy of the parent company etc.
