SRINAGAR: Jammu and Kashmir has 9,511 companies classified as ‘small companies’ under the Companies Act, 2013, while Ladakh has 60, according to data furnished by the Union Ministry of Corporate Affairs in the Rajya Sabha.
The figures, based on the position as of July 23, 2026, place Jammu and Kashmir ahead of Himachal Pradesh, which has 6,761 small companies, but below Punjab with 28,307 and Haryana with 78,149. Ladakh’s 60 companies are among the lowest figures recorded for any Union Territory or state, ahead only of Lakshadweep, which has 46.
Nationally, 19,01,589 companies are currently classified as small companies under the Companies Act, 2013. Jammu and Kashmir accounts for about 0.5 per cent of the national total, while Ladakh accounts for less than 0.01 per cent. The Union Government did not provide population-adjusted data or a national average in its reply, so no per-capita comparison or ranking on that basis is available.
Maharashtra has the highest number of small companies at 3,40,052, followed by Delhi at 2,38,507, Uttar Pradesh at 1,71,310, West Bengal at 1,38,842 and Karnataka at 1,34,024. Tamil Nadu has 1,28,264, Telangana 1,19,283 and Gujarat 1,05,538.
Among other states and Union Territories, Rajasthan has 69,495 small companies, Kerala 65,575, Bihar 56,323, Madhya Pradesh 48,783, Andhra Pradesh 39,990, Odisha 33,041, Punjab 28,307, Jharkhand 21,123, Assam 14,938, Chhattisgarh 14,492 and Uttarakhand 14,241.
The Ministry of Corporate Affairs said the threshold for classifying a company as a ‘small company’ has been raised in stages since the Companies Act, 2013 came into force.
From April 1, 2014, the limits were set at paid-up share capital not exceeding Rs 50 lakh and turnover not exceeding Rs 2 crore. From April 1, 2021, the limits were increased to Rs 2 crore and Rs 20 crore, respectively.
The thresholds were further raised from September 15, 2022, to paid-up share capital of Rs 4 crore and turnover of Rs 40 crore. The latest revision, effective from December 1, 2025, raised the limits to Rs 10 crore in paid-up share capital and Rs 100 crore in turnover.
The Union Government said no proposal is currently under consideration to set a target timeline for further reducing the annual regulatory compliance burden on micro-enterprises.
The figures were provided by Minister of State in the Ministry of Corporate Affairs and Ministry of Road Transport and Highways Harsh Malhotra in response to Rajya Sabha Unstarred Question No. 1015, answered on July 28, 2026.
