The Probe42 Newsletter – November 2025

Welcome to our November Edition!  Get a quick overview of India’s 24+ lakh active companies and this month’s incorporation trends across revenue bands and regions. Plus, explore our Industry Insights spotlight on the Apparel sector, covering company age, regional spread, revenues, and borrowings.

Key highlights:

  • Active Entities: 24.57 lakh companies and LLPs.
  • New Incorporations (Nov 2025):21,087 companies in 5,035 pincodes (vs 21,558 in 5,155 pincodes in October).
  • Year-over-Year Growth: 26.6% more entities incorporated in the past 12 months (303.8k vs 240k) and 26.2% more in November 2025 vs November 2024.
  • Active Directors (Nov-25): 32.14 lakh Indian, 61.5k foreign.

Region-wise Active Charges (as on 30-Nov-2025):

  • North: 125.1k charges across 5 states (UP, Haryana, Punjab, Uttarakhand, Himachal Pradesh) – ₹30,03,214.3 crore total.
  • West: 372.2k charges across 5 states (West Bengal, Bihar, Odisha, Jharkhand, Sikkim) – ₹1,73,39,178.9 crore total.
  • South: 271.2k charges across 5 states (Karnataka, Tamil Nadu, Telangana, Kerala, Andhra Pradesh) – ₹76,71,878.4 crore total.
  • East: 117k charges across 4 states (Maharashtra, Gujarat, Rajasthan, Goa) – ₹25,51,124.4 crore total.
  • Central: 38.3k charges across 2 states (Madhya Pradesh, Chhattisgarh) – ₹6,49,772.8 crore total.
  • North East: 9.2k charges across 7 states (Assam, Manipur, Tripura, Meghalaya, Arunachal Pradesh, Nagaland, Mizoram) – ₹1,30,987.2 crore total.
  • Union Territories: 178.2k charges across 9 UTs (Delhi, Chandigarh, J&K, Pondicherry, DNH, Andaman & Nicobar, Daman & Diu, Ladakh, Lakshadweep) – ₹58,98,975.7 crore total.

Top 5 Probe Industries (by Total Count): Information Technology (1,26,900), Real Estate (1,13,900), BFSI (92,700), Manufacturing (68,900), Outsourcing (67,800).

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