---
page_type: year_cohort
title: "Companies incorporated in India in 1928"
description: "211 companies were incorporated in 1928, of which 47 (22%) are currently active."
canonical: https://corpintel.io/incorporated-in/1928
data_source: "MCA master data — Ministry of Corporate Affairs, Government of India"
last_updated: 2026-04-16T11:09:36.711Z
---

# Companies incorporated in India in 1928

211 companies were incorporated in 1928. 98 years on, this cohort represents an established tier of the Indian corporate register. 47 of those companies (22%) are currently marked as active on MCA records. The remaining 164 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 1928 cohort was most heavily weighted toward Community, personal and Social Services, Finance, Finance — these were the NIC industry codes that captured the largest share of new incorporations that year. Geographically, Maharashtra, Kerala, West Bengal contributed the highest number of incorporations in 1928, reflecting the concentration of India's corporate formation activity in its major commercial states.

## Headline figures

| Metric | Value |
| --- | --- |
| Total incorporations | 211 |
| Currently active | 47 |
| Survival rate | 22% |

## Monthly breakdown — 1928

| Month | Incorporations | Share |
| --- | --- | --- |
| January | 24 | 11.4% |
| February | 15 | 7.1% |
| March | 18 | 8.5% |
| April | 20 | 9.5% |
| May | 13 | 6.2% |
| June | 13 | 6.2% |
| July | 20 | 9.5% |
| August | 17 | 8.1% |
| September | 22 | 10.4% |
| October | 9 | 4.3% |
| November | 20 | 9.5% |
| December | 20 | 9.5% |

## Top states by incorporations

| State | Companies | Share |
| --- | --- | --- |
| Maharashtra | 71 | 33.6% |
| Kerala | 58 | 27.5% |
| West Bengal | 49 | 23.2% |
| Karnataka | 8 | 3.8% |
| Tamil Nadu | 8 | 3.8% |
| Assam | 4 | 1.9% |
| Gujarat | 4 | 1.9% |
| Uttar Pradesh | 3 | 1.4% |
| Delhi | 2 | 0.9% |
| Andhra Pradesh | 1 | 0.5% |

## Top industries by NIC code

| Industry | NIC code | Companies |
| --- | --- | --- |
| Community, personal and Social Services | 99999 | 61 |
| Finance | 65191 | 36 |
| Finance | 65110 | 11 |
| Agriculture and Allied Activities | 01132 | 7 |
| Finance | 67120 | 7 |
| Finance | 65992 | 5 |
| Business Services | 74999 | 5 |
| Manufacturing (Textiles) | 17119 | 4 |
| Trading | 51109 | 4 |
| Trading | 51909 | 4 |

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**Canonical HTML version:** https://corpintel.io/incorporated-in/1928

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