India’s corporate registry faces a credibility test as statutory filings slip
State-wise data showed the compliance challenge is concentrated in India’s largest corporate hubs. Maharashtra recorded the highest number of annual return defaults in 2024-25, with 128,000 companies failing to file, followed by Delhi (73,867), Uttar Pradesh (61,959), Karnataka (51,870), Tamil Nadu (48,020) and Telangana (47,390).