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Over 36,000 private firms shut in Maharashtra; minister wants probe
Industries minister Uday Samant said the state government had no information about the reported closure of over 36,000 private companies in Maharashtra, and would investigate the data provided by the Centre. The…
The Story in Brief
Industries minister Uday Samant said the state government had no information about the reported closure of over 36,000 private companies in Maharashtra, and would investigate the data provided by the Centre. The companies were liquidated, dissolved or struck off in the last five financial years, the ministry of corporate affairs told the Lok Sabha in a written reply. Mumbai recorded the highest number of closures at 12,181, followed by Pune (6,433) and Thane (4,704). Business services (14,613) and manufacturing (6,582) were the worst-hit sectors. The data was sought by Shiv Sena (UBT) MP Rajabhau Waze.
Opposition leaders Aaditya Thackeray and Rohit Pawar blamed the state government for the closures. Industry experts cited macroeconomic stress, rising costs, and aggressive regulatory action by state authorities as reasons. Over two lakh private companies closed across India in the same period, with Maharashtra accounting for the most.
The Indian Opinion
The usual political blame game is predictable, but the numbers demand nuance. Many of these 36,211 companies may have been defunct shells struck off for non-compliance, not thriving businesses that collapsed. The real question is how many were operational enterprises that failed due to policy or market conditions. Samant has promised a one-day verification. He should release a district-wise and sector-wise breakdown of active failures versus regulatory clean-ups. Only then can the public judge whether this is a genuine crisis or a routine housekeeping exercise.
Sources (2): deccanherald.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
