Lok Sabha Question No. 2448 (UNSTARRED), answered on 2025-12-15
Subject: Relocation of Companies
Ministry: CORPORATE AFFAIRS
Asked by: Ms. Mahua Moitra

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 2448 ANSWERED ON MONDAY, DECEMBER 15, 2025 Agrahayana 24, 1947 (Saka)

## Relocation of Companies

2448. Ms. Mahua Moitra:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a)  the  number  of  companies  that  have  relocated  their  registered office from Gujarat, Maharashtra, Uttar Pradesh and  Madhya Pradesh to other  States  during  the  period  from  1  June  2014  till  1 November 2025, year/ State-wise;
- (b)  the  destination  States  to  which  these  companies  have  shifted along with the number of companies moved to each State, and
- (c)  the  number  of  these  companies  that  are  listed  as  entities  and the  sector-wise  distribution  of  all  companies  that  have  shifted headquarters from these said States?

## ANSWER

Minister  of  State  in  the  Ministry  of  Corporate  Affairs;  Minister  of State in the Ministry of Road Transport and Highways. (Shri Harsh Malhotra)

(a)&(b) 5137 companies have relocated their registered office from Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh to other States during the period from 01.06.2014 to 01.11.2025. Statewise details are attached at Annexure A, B, C and D respectively.

(c)The term headquarter is not defined in the Companies Act, 2013. However,  152  listed  companies  have  relocated  their  registered office from Gujarat, Madhya  Pradesh, Maharashtra and Uttar Pradesh  to other States and their sector-wise distribution is attached at Annexure E.

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) to (b) OF THE UNSTARRED QUESTION NO. 2448 FOR ANSWER IN LOK SABHA ON 15.12.2025.

## Companies that have relocated from Gujarat to other States

| Year State/UT        | 2014- 2015 [From June 2014]   | 2015- 2016   | 2016- 2017   | 2017- 2018   | 2018- 2019   | 2019- 2020   | 2020- 2021   | 2021- 2022   | 2022- 2023   | 2023- 2024   | 2024- 2025   | 2025- 2026 (till 01.11. 2025)   | Grand Total   |
|----------------------|-------------------------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|---------------------------------|---------------|
| Andhra Pradesh       |                               |              |              | 1            |              |              |              |              | 2            |              |              |                                 | 3             |
| Bihar                |                               | 1            |              |              | 1            | 1            |              |              |              |              |              | 3                               |               |
| Chattisgarh          |                               |              |              |              | 2            |              |              |              |              |              |              |                                 | 2             |
| Dadra & Nagar Haveli | 3                             |              | 3            |              | 1            | 1            | 1            |              |              |              |              |                                 | 9             |
| Daman and Diu        | 3                             | 1            | 1            | 2            |              |              |              |              | 1            |              |              |                                 | 8             |
| Delhi                | 2                             | 4            | 8            | 9            | 15           | 7            | 12           | 7            | 11           | 12           | 10           | 7                               | 104           |
| Goa                  |                               |              | 1            | 1            | 1            |              |              | 1            |              | 1            |              |                                 | 5             |
| Haryana              | 2                             | 3            | 2            | 3            |              | 5            | 1            |              | 4            | 4            | 1            | 7                               | 32            |
| Himachal Pradesh     |                               |              |              |              |              | 1            |              | 1            |              | 1            |              | 3                               | 6             |
| Jharkhand            |                               |              |              | 1            | 1            |              |              |              | 1            |              |              |                                 | 3             |
| Karnataka            | 1                             | 5            | 2            | 5            | 1            | 3            | 4            | 2            | 4            | 5            | 5            | 2                               | 39            |
| Kerala               |                               | 1            |              |              |              | 2            |              |              |              |              |              | 2                               | 5             |
| Madhya               | 6                             | 1            | 4            |              | 5            |              | 3            | 2            | 3            | 5            | 4            |                                 | 33            |
| Maharashtra          | 13                            | 51           | 53           | 51           | 37           | 33           | 32           | 27           | 33           | 38           | 32           | 20                              | 420           |
| Meghalaya            |                               | 1            |              |              |              |              |              |              |              |              |              |                                 | 1             |
| Odisha               | 1                             |              | 1            |              |              |              |              |              |              |              |              | 1                               | 3             |
| Punjab               |                               |              |              |              |              |              |              | 1            |              | 1            |              |                                 | 2             |
| Rajasthan            |                               | 1            | 2            | 6            | 14           | 4            |              | 2            | 5            | 3            | 1            | 4                               | 42            |
| Tamil Nadu           |                               | 3            |              | 1            | 2            | 4            | 1            |              | 3            | 13           | 3            | 2                               | 32            |
| Telangana            | 2                             | 1            |              | 3            | 4            | 1            | 2            | 10           | 3            | 2            | 3            | 2                               | 33            |
| Tripura              |                               |              |              |              |              |              |              |              |              |              | 1            |                                 | 1             |
| Uttar                |                               | 1            |              | 4            | 1            | 2            |              | 3            | 2            |              | 1            | 2                               | 16            |
| Uttarakhand          | 1                             |              | 1            |              | 1            |              |              |              |              |              |              | 1                               | 4             |
| West Bengal          |                               | 3            | 2            | 5            | 2            | 3            | 8            | 3            | 8            | 1            | 4            | 1                               | 40            |
| TOTAL                | 34                            | 76           | 81           | 92           | 87           | 67           | 65           | 59           | 78           | 88           | 65           | 54                              | 846           |

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) to (b) OF THE UNSTARRED QUESTION NO. 2448 FOR ANSWER IN LOK SABHA ON 15.12.2025.

## Companies that have relocated from Madhya Pradesh to other States

| Year State/UT   | 2014- 2015 [From June 2014]   | 2015- 2016   | 2016- 2017   | 2017- 2018   | 2018- 2019   | 2019- 2020   | 2020- 2021   | 2021- 2022   | 2022- 2023   | 2023- 2024   | 2024- 2025   | 2025- 2026 (till 01.11. 2025)   |   Grand Total |
|-----------------|-------------------------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|---------------------------------|---------------|
| Chattisgarh     |                               |              | 1            |              | 1            |              | 1            | 1            | 1            | 2            | 1            | 2                               |            10 |
| Delhi           | 2                             | 5            | 20           | 4            | 3            | 3            | 5            | 4            | 6            | 3            | 5            | 1                               |            61 |
| Goa             |                               |              |              |              |              |              |              |              |              |              | 1            |                                 |             1 |
| Gujarat         | 8                             | 4            | 4            | 4            | 2            | 3            | 5            | 7            | 1            | 2            | 2            |                                 |            42 |
| Haryana         |                               |              | 1            |              | 1            | 2            | 1            | 1            |              | 1            |              | 3                               |            10 |
| Jharkhand       |                               |              |              |              |              |              |              | 1            |              |              |              |                                 |             1 |
| Karnataka       |                               |              | 1            | 1            |              | 2            | 2            | 1            | 1            | 1            |              | 1                               |            10 |
| Maharashtra     | 8                             | 14           | 42           | 19           | 11           | 7            | 2            | 34           | 7            | 19           | 16           | 6                               |           185 |
| Odisha          |                               |              |              | 1            |              |              |              |              |              |              |              | 1                               |             2 |
| Punjab          |                               |              |              | 1            |              |              |              |              |              |              |              |                                 |             1 |
| Rajasthan       |                               | 1            | 2            | 2            | 2            | 6            | 3            | 2            | 4            | 3            | 2            | 2                               |            29 |
| Tamil Nadu      |                               | 2            |              |              | 1            | 2            |              |              |              |              |              | 1                               |             6 |
| Telangana       | 1                             |              |              |              | 1            |              |              | 1            |              |              | 4            |                                 |             7 |
| Uttar Pradesh   |                               | 1            | 1            |              | 1            | 2            | 1            | 1            |              | 4            | 1            | 1                               |            13 |
| West Bengal     |                               | 3            | 1            |              | 2            | 2            |              | 1            | 1            | 1            |              |                                 |            11 |
| Total           | 19                            | 30           | 73           | 32           | 25           | 29           | 20           | 54           | 21           | 36           | 32           | 18                              |           389 |

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) to (b) OF THE UNSTARRED QUESTION NO. 2448 FOR ANSWER IN LOK SABHA ON 15.12.2025.

Companies that have relocated from Maharashtra to other States

| Year State/UT    | 2014- 2015 [From June 2014]   | 2015- 2016   | 2016- 2017   | 2017- 2018   | 2018- 2019   | 2019- 2020   | 2020- 2021   | 2021- 2022   | 2022- 2023   | 2023- 2024   | 2024- 2025   | 2025- 2026 (till 01.11. 2025)   |   Grand Total |
|------------------|-------------------------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|---------------------------------|---------------|
| Andaman &        |                               |              |              |              | 1            |              |              |              |              |              |              |                                 |             1 |
| Andhra           |                               |              | 2            |              | 4            | 1            | 1            | 2            | 1            | 1            | 2            | 1                               |            15 |
| Assam            |                               |              | 2            | 1            | 1            | 2            |              |              | 1            |              | 1            | 1                               |             9 |
| Bihar            |                               |              | 2            | 1            |              |              |              |              |              |              |              | 1                               |             4 |
| Chandigarh       |                               |              | 3            | 1            | 1            | 1            | 1            | 1            |              |              | 1            | 4                               |            13 |
| Chattisgarh      |                               | 1            | 1            | 4            | 2            | 5            | 3            | 2            | 3            | 2            | 8            | 4                               |            35 |
| Dadra &          | 1                             | 2            | 3            | 1            | 6            | 2            | 2            | 2            |              |              | 2            |                                 |            21 |
| Daman and Diu    | 1                             | 6            | 9            | 2            | 3            | 2            | 1            |              | 2            | 3            | 2            |                                 |            31 |
| Delhi            | 33                            | 38           | 38           | 50           | 46           | 58           | 43           | 40           | 26           | 27           | 47           | 26                              |           472 |
| Goa              | 2                             | 2            | 5            | 4            | 1            | 4            |              | 2            | 3            | 2            | 3            | 2                               |            30 |
| Gujarat          | 26                            | 55           | 55           | 53           | 54           | 99           | 49           | 57           | 45           | 66           | 82           | 39                              |           680 |
| Haryana          | 7                             | 27           | 2            | 15           | 24           | 22           | 11           | 7            | 10           | 19           | 21           | 14                              |           179 |
| Himachal Pradesh |                               | 2            | 1            |              | 2            | 3            |              | 1            |              |              |              | 1                               |            10 |
| Jammu &          |                               |              |              | 1            |              |              |              |              |              |              |              |                                 |             1 |
| Jharkhand        | 2                             | 1            | 2            |              | 1            |              |              |              | 1            | 1            | 2            |                                 |            10 |
| Karnataka        | 12                            | 43           | 37           | 37           | 40           | 49           | 35           | 42           | 37           | 43           | 56           | 29                              |           460 |
| Kerala           |                               | 4            | 4            | 1            | 1            | 10           | 5            | 3            | 4            | 6            | 8            | 2                               |            48 |
| Madhya Pradesh   | 8                             | 6            | 10           | 17           | 16           | 18           | 12           | 7            | 7            | 18           | 25           | 9                               |           153 |
| Odisha           |                               | 1            |              |              | 1            | 2            | 2            |              |              |              | 3            | 1                               |            10 |
| Puducherry       | 1                             |              |              |              |              |              |              |              |              |              |              |                                 |             1 |
| Punjab           | 1                             |              |              | 3            | 1            | 7            |              | 1            |              |              | 5            | 1                               |            19 |
| Rajasthan        | 5                             | 17           | 13           | 14           | 9            | 28           | 17           | 15           | 18           | 7            | 20           | 9                               |           172 |
| Tamil Nadu       | 4                             | 20           | 25           | 16           | 17           | 43           | 17           | 60           | 15           | 21           | 24           | 20                              |           282 |
| Telangana        | 1                             | 18           | 15           | 5            | 20           | 17           | 15           | 26           | 14           | 18           | 21           | 17                              |           187 |
| Uttar Pradesh    | 4                             | 3            | 8            | 3            | 7            | 19           | 14           | 9            | 14           | 6            | 18           | 16                              |           121 |
| Uttarakhand      |                               | 1            | 4            | 1            | 1            |              |              | 4            |              | 3            | 2            |                                 |            16 |
| West Bengal      | 2                             | 20           | 28           | 14           | 12           | 22           | 23           | 16           | 15           | 19           | 26           | 14                              |           211 |
| Total            | 110                           | 267          | 269          | 244          | 271          | 414          | 251          | 297          | 216          | 262          | 379          | 211                             |          3191 |

Companies that have relocated from Uttar Pradesh to other States

| Year State/UT               | 2014- 2015 [From June 2014]   | 2015- 2016   | 2016- 2017   | 2017- 2018   | 2018- 2019   | 2019- 2020   | 2020- 2021   | 2021- 2022   | 2022- 2023   | 2023- 2024   | 2024- 2025   | 2025- 2026 (till 01.11. 2025)   | Grand Total   |
|-----------------------------|-------------------------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|---------------------------------|---------------|
| Andaman and Nicobar Islands |                               |              |              |              |              |              |              |              |              | 1            |              | 1                               |               |
| Andhra                      |                               |              |              |              | 1            | 1            |              |              |              |              |              |                                 | 2             |
| Assam                       |                               |              |              |              |              | 1            |              |              |              |              |              |                                 | 1             |
| Bihar                       |                               |              |              | 1            |              | 1            | 2            | 2            |              |              |              |                                 | 6             |
| Chandigarh                  |                               |              |              | 1            |              |              | 3            |              |              |              |              |                                 | 4             |
| Chattisgarh                 |                               |              |              |              | 5            |              |              |              |              |              | 6            |                                 | 11            |
| Delhi                       | 14                            | 33           | 61           | 27           | 27           | 35           | 28           | 27           | 19           | 15           | 29           | 15                              | 330           |
| Goa                         |                               |              |              |              |              |              |              |              |              | 1            |              |                                 | 1             |
| Gujarat                     | 1                             | 4            | 2            | 1            | 1            | 3            | 7            | 6            | 3            | 3            | 5            | 2                               | 38            |
| Haryana                     |                               | 6            | 9            | 3            | 6            | 16           | 6            | 7            | 3            | 8            | 8            | 8                               | 80            |
| Himachal                    |                               |              |              | 1            |              |              | 1            |              |              |              | 1            |                                 | 3             |
| Pradesh Jharkhand           |                               |              | 1            |              |              | 1            |              |              |              |              | 1            | 1                               | 4             |
| Karnataka                   | 1                             | 1            | 3            |              | 5            | 5            | 8            |              | 2            | 2            | 2            | 2                               | 31            |
| Kerala                      |                               |              |              |              |              |              | 2            |              |              |              |              |                                 | 2             |
| Madhya Pradesh              |                               |              | 3            | 2            |              | 1            | 4            |              | 1            | 2            | 1            | 1                               | 15            |
| Maharashtra                 | 2                             | 3            | 5            | 3            | 5            | 13           | 7            | 3            | 6            | 1            | 11           | 11                              | 70            |
| Manipur                     |                               |              |              |              |              |              |              | 1            |              |              |              |                                 | 1             |
| Odisha                      |                               |              | 1            | 2            |              | 1            | 2            |              |              | 2            | 6            |                                 | 14            |
| Punjab                      |                               |              |              | 1            | 1            |              | 1            |              |              | 1            |              | 2                               | 6             |
| Rajasthan                   |                               | 1            | 3            |              | 1            | 5            | 1            | 3            | 5            | 1            | 3            |                                 | 23            |
| Tamil Nadu                  |                               |              |              |              | 1            | 1            |              | 1            |              |              | 1            | 3                               | 7             |
| Telangana                   |                               |              |              | 1            | 1            | 1            |              | 1            | 1            |              | 2            |                                 | 7             |
| Uttarakhand                 | 1                             | 2            | 2            | 2            | 1            | 6            | 5            | 1            | 1            | 1            | 2            | 2                               | 26            |
| West Bengal                 | 1                             | 1            | 2            | 2            | 1            | 4            | 4            | 3            | 1            |              | 5            | 4                               | 28            |
| Total                       | 20                            | 51           | 92           | 47           | 56           | 94           | 82           | 55           | 42           | 37           | 84           | 51                              | 711           |

## Total of above 4 states is as under:

| States        |   2014- 2015[F rom June 2014] |   2015- 2016 |   2016- 2017 |   2017- 2018 |   2018- 2019 |   2019- 2020 |   2020- 2021 |   2021- 2022 |   2022- 2023 |   2023- 2024 |   2024- 2025 |   2025- 2026 (till 01.11. 2025) |   Grand Total |
|---------------|-------------------------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|--------------|---------------------------------|---------------|
| Gujarat       |                            34 |           76 |           81 |           92 |           87 |           67 |           65 |           59 |           78 |           88 |           65 |                              54 |           846 |
| Madhya        |                            19 |           30 |           73 |           32 |           25 |           29 |           20 |           54 |           21 |           36 |           32 |                              18 |           389 |
| Maharashtra   |                           110 |          267 |          269 |          244 |          271 |          414 |          251 |          297 |          216 |          262 |          379 |                             211 |          3191 |
| Uttar Pradesh |                            20 |           51 |           92 |           47 |           56 |           94 |           82 |           55 |           42 |           37 |           84 |                              51 |           711 |
| Grand Total   |                           183 |          424 |          515 |          415 |          439 |          604 |          418 |          465 |          357 |          423 |          560 |                             334 |          5137 |

## ANNEXURE REFERRED TO IN REPLY TO PARTS (c) OF THE UNSTARRED QUESTION NO. 2448 FOR ANSWER IN LOK SABHA ON 15.12.2025.

Sector-wise distribution of all listed companies that have shifted their registered office from Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh

| Sectors                                                                                         | Gujarat   | Madhya Pradesh   | Maharashtra   | Uttar Pradesh   |   Grand Total |
|-------------------------------------------------------------------------------------------------|-----------|------------------|---------------|-----------------|---------------|
| Agriculture and Allied Activities                                                               |           |                  | 5             |                 |             5 |
| Business Services                                                                               | 3         | 2                | 11            | 3               |            19 |
| Community, personal & Social Services                                                           | 1         |                  | 14            | 1               |            16 |
| Construction                                                                                    | 1         |                  | 5             | 5               |            11 |
| Electricity, Gas & Water companies                                                              | 2         |                  | 2             |                 |             4 |
| Finance                                                                                         | 4         | 1                | 11            | 2               |            18 |
| Insurance                                                                                       |           |                  | 1             |                 |             1 |
| Manufacturing (Food stuffs)                                                                     | 2         |                  | 3             |                 |             5 |
| Manufacturing (Machinery &Equipments)                                                           | 1         | 2                | 5             | 2               |            10 |
| Manufacturing (Metals & Chemicals, and products thereof)                                        | 7         | 2                | 15            | 2               |            26 |
| Manufacturing (Others)                                                                          |           |                  | 1             |                 |             1 |
| Manufacturing (Paper & Paper products, Publishing, printing and reproduction of recorded media) |           |                  | 2             |                 |             2 |
| Manufacturing (Textiles)                                                                        | 4         |                  | 5             |                 |             9 |
| Manufacturing (Wood Products)                                                                   | 1         |                  |               |                 |             1 |
| Mining & Quarrying                                                                              |           |                  | 1             |                 |             1 |
| Real Estate and Renting                                                                         | 5         |                  | 1             |                 |             6 |
| Trading                                                                                         | 5         |                  | 8             |                 |            13 |
| Transport, storage and Communications                                                           |           |                  | 3             | 1               |             4 |
| Grand Total                                                                                     | 36        | 7                | 93            | 16              |           152 |