---
page_type: year_cohort
title: "Companies incorporated in India in 1923"
description: "126 companies were incorporated in 1923, of which 37 (29%) are currently active."
canonical: https://corpintel.io/incorporated-in/1923
data_source: "MCA master data — Ministry of Corporate Affairs, Government of India"
last_updated: 2026-04-16T11:09:33.303Z
---

# Companies incorporated in India in 1923

126 companies were incorporated in 1923. 103 years on, this cohort represents an established tier of the Indian corporate register. 37 of those companies (29%) are currently marked as active on MCA records. The remaining 89 have since been struck off, dissolved, amalgamated, or placed in other non-active states — a natural attrition pattern visible across every annual cohort on the MCA register. The 1923 cohort was most heavily weighted toward Community, personal and Social Services, Finance, Agriculture and Allied Activities — these were the NIC industry codes that captured the largest share of new incorporations that year. Geographically, Maharashtra, West Bengal, Karnataka contributed the highest number of incorporations in 1923, reflecting the concentration of India's corporate formation activity in its major commercial states.

## Headline figures

| Metric | Value |
| --- | --- |
| Total incorporations | 126 |
| Currently active | 37 |
| Survival rate | 29% |

## Monthly breakdown — 1923

| Month | Incorporations | Share |
| --- | --- | --- |
| January | 14 | 11.1% |
| February | 20 | 15.9% |
| March | 11 | 8.7% |
| April | 9 | 7.1% |
| May | 8 | 6.3% |
| June | 11 | 8.7% |
| July | 9 | 7.1% |
| August | 8 | 6.3% |
| September | 11 | 8.7% |
| October | 11 | 8.7% |
| November | 6 | 4.8% |
| December | 8 | 6.3% |

## Top states by incorporations

| State | Companies | Share |
| --- | --- | --- |
| Maharashtra | 58 | 46.0% |
| West Bengal | 29 | 23.0% |
| Karnataka | 12 | 9.5% |
| Kerala | 7 | 5.6% |
| Tamil Nadu | 7 | 5.6% |
| Uttar Pradesh | 5 | 4.0% |
| Assam | 3 | 2.4% |
| Gujarat | 2 | 1.6% |
| Meghalaya | 1 | 0.8% |
| Orissa | 1 | 0.8% |

## Top industries by NIC code

| Industry | NIC code | Companies |
| --- | --- | --- |
| Community, personal and Social Services | 99999 | 57 |
| Finance | 65191 | 5 |
| Agriculture and Allied Activities | 01132 | 3 |
| Manufacturing (Food stuffs) | 15491 | 3 |
| Finance | 65991 | 3 |
| Manufacturing (Food stuffs) | 15492 | 2 |
| Manufacturing (Metals and Chemicals, and products thereof) | 24291 | 2 |
| Construction | 45201 | 2 |
| Trading | 51109 | 2 |
| Trading | 51226 | 2 |

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**Canonical HTML version:** https://corpintel.io/incorporated-in/1923

_Data source: MCA master data (Ministry of Corporate Affairs, Government of India)._