Companies Incorporated 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.